CPII vs. TIPB
CPII (Ionic Inflation Protection ETF) and TIPB (Northern Trust 2035 Inflation-Linked Distributing Ladder ETF) are both Inflation-Protected Bonds funds. Both are actively managed. At a 0.05 correlation, their price movements are largely independent.
Performance
CPII vs. TIPB - Performance Comparison
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Returns By Period
In the year-to-date period, CPII achieves a 4.27% return, which is significantly higher than TIPB's 1.86% return.
CPII
- 1D
- 0.13%
- 1M
- 0.26%
- YTD
- 4.27%
- 6M
- 4.13%
- 1Y
- 4.42%
- 3Y*
- 5.05%
- 5Y*
- —
- 10Y*
- —
TIPB
- 1D
- -0.12%
- 1M
- -0.22%
- YTD
- 1.86%
- 6M
- 1.53%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CPII vs. TIPB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CPII Ionic Inflation Protection ETF | 4.27% | -0.39% |
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF | 1.86% | 0.79% |
Correlation
The correlation between CPII and TIPB is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025 | 0.05 |
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Return for Risk
CPII vs. TIPB — Risk / Return Rank
CPII
TIPB
CPII vs. TIPB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ionic Inflation Protection ETF (CPII) and Northern Trust 2035 Inflation-Linked Distributing Ladder ETF (TIPB). 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.
| CPII | TIPB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.25 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | — | — |
| Martin ratioReturn relative to average drawdown | 6.37 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CPII | TIPB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 1.35 | -0.65 |
Drawdowns
CPII vs. TIPB - Drawdown Comparison
The maximum CPII drawdown since its inception was -6.40%, which is greater than TIPB's maximum drawdown of -1.32%. Use the drawdown chart below to compare losses from any high point for CPII and TIPB.
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Drawdown Indicators
| CPII | TIPB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.40% | -1.32% | -5.08% |
Max Drawdown (1Y)Largest decline over 1 year | -1.62% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.39% | — | — |
Current DrawdownCurrent decline from peak | -0.40% | -0.31% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -1.62% | -0.37% | -1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | — | — |
Volatility
CPII vs. TIPB - Volatility Comparison
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Volatility by Period
| CPII | TIPB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.48% | 2.54% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 2.54% | +3.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.93% | 2.54% | +3.39% |
Dividends
CPII vs. TIPB - Dividend Comparison
CPII's dividend yield for the trailing twelve months is around 4.05%, more than TIPB's 3.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CPII Ionic Inflation Protection ETF | 4.05% | 4.20% | 5.47% | 5.86% | 2.21% |
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF | 3.02% | 1.09% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CPII and TIPB have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CPII has the higher dividend yield at 4.05%, compared with 3.02% for TIPB.
They also come from different issuers: Ionic and Northern Trust.
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