CPII vs. ICPI
CPII (American Beacon Ionic Inflation Protection ETF) and ICPI (iShares 0-1 Year TIPS Bond ETF) are both Inflation-Protected Bonds funds. CPII is actively managed, while ICPI is passively managed. Their 0.63 correlation means they have sometimes moved together and sometimes differently. CPII charges 0.74%/yr vs 0.09%/yr for ICPI.
Performance
CPII vs. ICPI - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with CPII having a 2.87% return and ICPI slightly higher at 2.90%.
CPII
- 1D
- -0.16%
- 1M
- -0.11%
- 6M
- 1.90%
- YTD
- 2.87%
- 1Y
- 2.81%
- 3Y*
- 4.03%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.54%
ICPI
- 1D
- 0.06%
- 1M
- 0.32%
- 6M
- 2.50%
- YTD
- 2.90%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.03K | $4.83K | $26.18K | |
| $269.55K | $218.29K | $247.75K |
CPII vs. ICPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CPII American Beacon Ionic Inflation Protection ETF | 2.87% | -0.10% |
ICPI iShares 0-1 Year TIPS Bond ETF | 2.90% | 0.32% |
Correlation
The correlation between CPII and ICPI is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | 0.63 |
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Return for Risk
CPII vs. ICPI — Risk / Return Rank
CPII
ICPI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CPII vs. ICPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Beacon Ionic Inflation Protection ETF (CPII) and iShares 0-1 Year TIPS Bond ETF (ICPI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CPII | ICPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.17 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | — | — |
| Martin ratioReturn relative to average drawdown | 3.32 | — | — |
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Drawdowns
CPII vs. ICPI - Drawdown Comparison
The maximum CPII drawdown since its inception was -6.40%, which is greater than ICPI's maximum drawdown of -0.34%. Use the drawdown chart below to compare losses from any high point for CPII and ICPI.
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Drawdown Indicators
| CPII | ICPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.40% | -0.34% | -6.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.13% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.39% | — | — |
Current DrawdownCurrent decline from peak | -1.74% | 0.00% | -1.74% |
Average DrawdownAverage peak-to-trough decline | -1.61% | -0.05% | -1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | — | — |
Volatility
CPII vs. ICPI - Volatility Comparison
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Volatility by Period
| CPII | ICPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 0.98% | +2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.84% | 0.98% | +4.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.84% | 0.98% | +4.86% |
CPII vs. ICPI - Expense Ratio Comparison
CPII has a 0.74% expense ratio, which is higher than ICPI's 0.09% expense ratio.
Dividends
CPII vs. ICPI - Dividend Comparison
CPII's dividend yield for the trailing twelve months is around 4.65%, more than ICPI's 2.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CPII American Beacon Ionic Inflation Protection ETF | 4.65% | 4.20% | 5.47% | 5.86% | 2.21% |
ICPI iShares 0-1 Year TIPS Bond ETF | 2.56% | 0.54% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CPII and ICPI have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICPI is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICPI is cheaper with a 0.09% expense ratio, compared with 0.74% for CPII.
CPII has the higher dividend yield at 4.65%, compared with 2.56% for ICPI.
They also come from different issuers: American Beacon and iShares. Their fees differ too: 0.74% for CPII and 0.09% for ICPI.
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