CPII vs. VTP
CPII (Ionic Inflation Protection ETF) and VTP (Vanguard Total Inflation-Protected Securities ETF) are both Inflation-Protected Bonds funds. CPII is actively managed, while VTP is passively managed. At a correlation of -0.03, they often move in opposite directions. CPII charges 0.74%/yr vs 0.05%/yr for VTP.
Performance
CPII vs. VTP - 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 VTP's 1.55% return.
CPII
- 1D
- 0.13%
- 1M
- 0.26%
- YTD
- 4.27%
- 6M
- 4.13%
- 1Y
- 4.42%
- 3Y*
- 5.05%
- 5Y*
- —
- 10Y*
- —
VTP
- 1D
- -0.16%
- 1M
- -0.08%
- YTD
- 1.55%
- 6M
- 1.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CPII vs. VTP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CPII Ionic Inflation Protection ETF | 4.27% | -0.11% |
VTP Vanguard Total Inflation-Protected Securities ETF | 1.55% | 2.27% |
Correlation
The correlation between CPII and VTP is -0.03, 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 Jul 10, 2025 | -0.03 |
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Return for Risk
CPII vs. VTP — Risk / Return Rank
CPII
VTP
CPII vs. VTP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ionic Inflation Protection ETF (CPII) and Vanguard Total Inflation-Protected Securities ETF (VTP). 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 | VTP | 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 | VTP | 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 | 1.31 | -0.62 |
Drawdowns
CPII vs. VTP - Drawdown Comparison
The maximum CPII drawdown since its inception was -6.40%, which is greater than VTP's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for CPII and VTP.
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Drawdown Indicators
| CPII | VTP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.40% | -1.92% | -4.48% |
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% | -0.30% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -1.62% | -0.52% | -1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | — | — |
Volatility
CPII vs. VTP - Volatility Comparison
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Volatility by Period
| CPII | VTP | 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% | 3.26% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 3.26% | +2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.93% | 3.26% | +2.67% |
CPII vs. VTP - Expense Ratio Comparison
CPII has a 0.74% expense ratio, which is higher than VTP's 0.05% expense ratio.
Dividends
CPII vs. VTP - Dividend Comparison
CPII's dividend yield for the trailing twelve months is around 4.05%, more than VTP's 1.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CPII Ionic Inflation Protection ETF | 4.05% | 4.20% | 5.47% | 5.86% | 2.21% |
VTP Vanguard Total Inflation-Protected Securities ETF | 1.61% | 1.56% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CPII and VTP have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VTP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VTP is cheaper with a 0.05% expense ratio, compared with 0.74% for CPII.
CPII has the higher dividend yield at 4.05%, compared with 1.61% for VTP.
They also come from different issuers: Ionic and Vanguard. Their fees differ too: 0.74% for CPII and 0.05% for VTP.
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