Correlation
The correlation between CPII and XLP is -0.01. 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. XLP
Compare and contrast key facts about Ionic Inflation Protection ETF (CPII) and Consumer Staples Select Sector SPDR Fund (XLP).
CPII and XLP 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. XLP is a passively managed fund by State Street that tracks the performance of the Consumer Staples Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CPII or XLP.
Performance
CPII vs. XLP - Performance Comparison
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Key characteristics
CPII:
0.80
XLP:
0.87
CPII:
0.83
XLP:
1.24
CPII:
1.10
XLP:
1.16
CPII:
0.69
XLP:
1.33
CPII:
1.64
XLP:
3.52
CPII:
1.68%
XLP:
3.15%
CPII:
5.02%
XLP:
13.39%
CPII:
-6.40%
XLP:
-35.89%
CPII:
-0.90%
XLP:
-0.40%
Returns By Period
In the year-to-date period, CPII achieves a 2.31% return, which is significantly lower than XLP's 5.93% return.
CPII
2.31%
-0.52%
3.30%
3.49%
N/A
N/A
N/A
XLP
5.93%
1.22%
0.82%
11.60%
6.42%
9.79%
8.30%
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CPII vs. XLP - Expense Ratio Comparison
CPII has a 0.74% expense ratio, which is higher than XLP's 0.13% expense ratio.
Risk-Adjusted Performance
CPII vs. XLP — Risk-Adjusted Performance Rank
CPII
XLP
CPII vs. XLP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ionic Inflation Protection ETF (CPII) and Consumer Staples Select Sector SPDR Fund (XLP). 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. XLP - Dividend Comparison
CPII's dividend yield for the trailing twelve months is around 5.82%, more than XLP's 2.46% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
XLP Consumer Staples Select Sector SPDR Fund | 2.46% | 2.77% | 2.63% | 2.47% | 2.28% | 2.50% | 2.57% | 3.04% | 2.62% | 2.53% | 2.53% | 2.40% |
Drawdowns
CPII vs. XLP - Drawdown Comparison
The maximum CPII drawdown since its inception was -6.40%, smaller than the maximum XLP drawdown of -35.89%. Use the drawdown chart below to compare losses from any high point for CPII and XLP.
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Volatility
CPII vs. XLP - Volatility Comparison
The current volatility for Ionic Inflation Protection ETF (CPII) is 1.60%, while Consumer Staples Select Sector SPDR Fund (XLP) has a volatility of 3.70%. This indicates that CPII experiences smaller price fluctuations and is considered to be less risky than XLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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