CPII vs. TIPX
Compare and contrast key facts about Ionic Inflation Protection ETF (CPII) and SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX).
CPII and TIPX 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. TIPX is a passively managed fund by State Street that tracks the performance of the Bloomberg US Govt Inflation-Linked (1-10 Y). It was launched on May 29, 2013.
Performance
CPII vs. TIPX - Performance Comparison
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CPII vs. TIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CPII Ionic Inflation Protection ETF | 1.67% | 2.76% | 6.05% | 1.79% | 1.22% |
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 0.63% | 7.15% | 3.08% | 4.43% | -2.36% |
Returns By Period
In the year-to-date period, CPII achieves a 1.67% return, which is significantly higher than TIPX's 0.63% return.
CPII
- 1D
- -0.16%
- 1M
- 1.19%
- YTD
- 1.67%
- 6M
- 0.95%
- 1Y
- 2.10%
- 3Y*
- 3.99%
- 5Y*
- —
- 10Y*
- —
TIPX
- 1D
- 0.05%
- 1M
- -0.77%
- YTD
- 0.63%
- 6M
- 0.80%
- 1Y
- 3.80%
- 3Y*
- 4.01%
- 5Y*
- 2.47%
- 10Y*
- 2.88%
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CPII vs. TIPX - Expense Ratio Comparison
CPII has a 0.74% expense ratio, which is higher than TIPX's 0.15% expense ratio.
Return for Risk
CPII vs. TIPX — Risk / Return Rank
CPII
TIPX
CPII vs. TIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ionic Inflation Protection ETF (CPII) and SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX). 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 | TIPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.54 | 1.22 | -0.68 |
Sortino ratioReturn per unit of downside risk | 0.79 | 1.74 | -0.95 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.23 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.98 | -0.62 |
Martin ratioReturn relative to average drawdown | 3.02 | 7.37 | -4.36 |
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 | TIPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 1.22 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.53 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.49 | +0.11 |
Correlation
The correlation between CPII and TIPX is -0.21. 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.
Dividends
CPII vs. TIPX - Dividend Comparison
CPII's dividend yield for the trailing twelve months is around 4.03%, more than TIPX's 3.72% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPII Ionic Inflation Protection ETF | 4.03% | 4.20% | 5.47% | 5.86% | 2.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 3.72% | 3.78% | 3.57% | 3.57% | 6.08% | 4.26% | 1.73% | 2.53% | 1.90% | 2.84% | 1.04% | 0.06% |
Drawdowns
CPII vs. TIPX - Drawdown Comparison
The maximum CPII drawdown since its inception was -6.40%, smaller than the maximum TIPX drawdown of -10.06%. Use the drawdown chart below to compare losses from any high point for CPII and TIPX.
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Drawdown Indicators
| CPII | TIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.40% | -10.06% | +3.66% |
Max Drawdown (1Y)Largest decline over 1 year | -1.62% | -2.03% | +0.41% |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -10.06% | — |
Current DrawdownCurrent decline from peak | -1.06% | -0.78% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -2.31% | +0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 0.54% | +0.19% |
Volatility
CPII vs. TIPX - Volatility Comparison
Ionic Inflation Protection ETF (CPII) has a higher volatility of 2.03% compared to SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) at 0.96%. This indicates that CPII's price experiences larger fluctuations and is considered to be riskier than TIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CPII | TIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.03% | 0.96% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.44% | 1.76% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.92% | 3.14% | +0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.02% | 4.64% | +1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.02% | 4.39% | +1.63% |