Correlation
The correlation between CPII and BIL is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
CPII vs. BIL
Compare and contrast key facts about Ionic Inflation Protection ETF (CPII) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
CPII and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CPII is an actively managed fund by Ionic. It was launched on Jun 28, 2022. BIL is a passively managed fund by State Street that tracks the performance of the Barclays Capital U.S. 1-3 Month Treasury Bill Index. It was launched on May 25, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CPII or BIL.
Performance
CPII vs. BIL - Performance Comparison
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Key characteristics
CPII:
0.80
BIL:
20.88
CPII:
0.83
BIL:
301.00
CPII:
1.10
BIL:
208.79
CPII:
0.69
BIL:
435.17
CPII:
1.64
BIL:
4,890.74
CPII:
1.68%
BIL:
0.00%
CPII:
5.02%
BIL:
0.23%
CPII:
-6.40%
BIL:
-0.77%
CPII:
-0.90%
BIL:
0.00%
Returns By Period
In the year-to-date period, CPII achieves a 2.31% return, which is significantly higher than BIL's 1.72% return.
CPII
2.31%
-0.52%
3.30%
3.49%
N/A
N/A
N/A
BIL
1.72%
0.36%
2.13%
4.73%
4.41%
2.61%
1.79%
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CPII vs. BIL - Expense Ratio Comparison
CPII has a 0.74% expense ratio, which is higher than BIL's 0.14% expense ratio.
Risk-Adjusted Performance
CPII vs. BIL — Risk-Adjusted Performance Rank
CPII
BIL
CPII vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ionic Inflation Protection ETF (CPII) and SPDR Barclays 1-3 Month T-Bill ETF (BIL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
CPII vs. BIL - Dividend Comparison
CPII's dividend yield for the trailing twelve months is around 5.82%, more than BIL's 4.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
CPII Ionic Inflation Protection ETF | 5.82% | 5.47% | 5.86% | 2.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.68% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
Drawdowns
CPII vs. BIL - Drawdown Comparison
The maximum CPII drawdown since its inception was -6.40%, which is greater than BIL's maximum drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for CPII and BIL.
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Volatility
CPII vs. BIL - Volatility Comparison
Ionic Inflation Protection ETF (CPII) has a higher volatility of 1.60% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that CPII's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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