HYGI vs. CPII
Compare and contrast key facts about iShares Inflation Hedged High Yield Bond ETF (HYGI) and Ionic Inflation Protection ETF (CPII).
HYGI and CPII are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYGI is a passively managed fund by iShares that tracks the performance of the BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. It was launched on Jun 22, 2022. CPII is an actively managed fund by Ionic. It was launched on Jun 28, 2022.
Performance
HYGI vs. CPII - Performance Comparison
Loading graphics...
HYGI vs. CPII - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HYGI iShares Inflation Hedged High Yield Bond ETF | 0.00% | 6.20% | 9.16% | 11.71% | 3.19% |
CPII Ionic Inflation Protection ETF | 1.67% | 2.76% | 6.05% | 1.79% | 1.22% |
Returns By Period
HYGI
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CPII
- 1D
- -0.16%
- 1M
- 1.19%
- YTD
- 1.67%
- 6M
- 0.95%
- 1Y
- 2.10%
- 3Y*
- 3.99%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HYGI vs. CPII - Expense Ratio Comparison
HYGI has a 0.52% expense ratio, which is lower than CPII's 0.74% expense ratio.
Return for Risk
HYGI vs. CPII — Risk / Return Rank
HYGI
CPII
HYGI vs. CPII - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Inflation Hedged High Yield Bond ETF (HYGI) and Ionic Inflation Protection ETF (CPII). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Loading graphics...
Sharpe Ratios by Period
| HYGI | CPII | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 0.60 | — |
Correlation
The correlation between HYGI and CPII is -0.07. 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
HYGI vs. CPII - Dividend Comparison
HYGI's dividend yield for the trailing twelve months is around 2.46%, less than CPII's 4.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HYGI iShares Inflation Hedged High Yield Bond ETF | 2.46% | 3.41% | 6.08% | 6.22% | 3.19% |
CPII Ionic Inflation Protection ETF | 4.03% | 4.20% | 5.47% | 5.86% | 2.21% |
Drawdowns
HYGI vs. CPII - Drawdown Comparison
Loading graphics...
Drawdown Indicators
| HYGI | CPII | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -6.40% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.62% | — |
Current DrawdownCurrent decline from peak | — | -1.06% | — |
Average DrawdownAverage peak-to-trough decline | — | -1.67% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.73% | — |
Volatility
HYGI vs. CPII - Volatility Comparison
Loading graphics...
Volatility by Period
| HYGI | CPII | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.03% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.44% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 3.92% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 6.02% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 6.02% | — |