IBIF vs. CPII
IBIF (iShares iBonds Oct 2029 Term TIPS ETF) and CPII (Ionic Inflation Protection ETF) are both Inflation-Protected Bonds funds. IBIF is passively managed, while CPII is actively managed. Over the past year, IBIF returned 3.63% vs 3.20% for CPII. At a correlation of -0.21, they often move in opposite directions. IBIF charges 0.10%/yr vs 0.74%/yr for CPII.
Performance
IBIF vs. CPII - Performance Comparison
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Returns By Period
In the year-to-date period, IBIF achieves a 1.13% return, which is significantly lower than CPII's 2.97% return.
IBIF
- 1D
- -0.14%
- 1M
- -0.31%
- YTD
- 1.13%
- 6M
- 1.18%
- 1Y
- 3.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CPII
- 1D
- -0.13%
- 1M
- -0.73%
- YTD
- 2.97%
- 6M
- 2.83%
- 1Y
- 3.20%
- 3Y*
- 4.60%
- 5Y*
- —
- 10Y*
- —
IBIF vs. CPII - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBIF iShares iBonds Oct 2029 Term TIPS ETF | 1.13% | 7.27% | 3.11% | 3.95% |
CPII Ionic Inflation Protection ETF | 2.97% | 2.76% | 6.05% | -0.75% |
Correlation
The correlation between IBIF and CPII is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2023 | -0.21 |
The correlation between IBIF and CPII shifts across timeframes, from -0.21 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IBIF vs. CPII — Risk / Return Rank
IBIF
CPII
IBIF vs. CPII - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2029 Term TIPS ETF (IBIF) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBIF | CPII | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.18 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.84 | 1.96 | +1.88 |
| Martin ratioReturn relative to average drawdown | 11.95 | 4.37 | +7.57 |
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Drawdowns
IBIF vs. CPII - Drawdown Comparison
The maximum IBIF drawdown since its inception was -2.50%, smaller than the maximum CPII drawdown of -6.40%. Use the drawdown chart below to compare losses from any high point for IBIF and CPII.
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Drawdown Indicators
| IBIF | CPII | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.50% | -6.40% | +3.90% |
Max Drawdown (1Y)Largest decline over 1 year | -0.95% | -1.64% | +0.69% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.39% | — |
Current DrawdownCurrent decline from peak | -0.88% | -1.64% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -1.61% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 0.73% | -0.43% |
Volatility
IBIF vs. CPII - Volatility Comparison
iShares iBonds Oct 2029 Term TIPS ETF (IBIF) and Ionic Inflation Protection ETF (CPII) have volatilities of 0.75% and 0.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIF | CPII | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 0.76% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.46% | 2.82% | -1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.07% | 3.42% | -1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.54% | 5.90% | -2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.54% | 5.90% | -2.36% |
IBIF vs. CPII - Expense Ratio Comparison
IBIF has a 0.10% expense ratio, which is lower than CPII's 0.74% expense ratio.
Dividends
IBIF vs. CPII - Dividend Comparison
IBIF's dividend yield for the trailing twelve months is around 3.77%, less than CPII's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CPII Ionic Inflation Protection ETF | 4.10% | 4.20% | 5.47% | 5.86% | 2.21% |
IBIF iShares iBonds Oct 2029 Term TIPS ETF | 3.77% | 4.51% | 4.05% | 0.96% | 0.00% |
Frequently Asked Questions
IBIF and CPII have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CPII has higher volatility (0.76%) compared to IBIF (0.75%). In terms of maximum drawdown, IBIF dropped -2.50% vs CPII's -6.40%.
On 1-year performance, IBIF leads with 3.63% vs 3.20% for CPII. On fees, IBIF is cheaper at 0.10% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIF has performed better with a 3.63% return vs 3.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIF is cheaper with a 0.10% expense ratio, compared with 0.74% for CPII.
CPII has the higher dividend yield at 4.10%, compared with 3.77% for IBIF.
They also come from different issuers: iShares and Ionic. Their fees differ too: 0.10% for IBIF and 0.74% for CPII.
IBIF currently has the higher Sharpe Ratio (1.76 vs 0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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