IBIM vs. CPII
IBIM (iShares iBonds Oct 2036 Term TIPS ETF) and CPII (Ionic Inflation Protection ETF) are both Inflation-Protected Bonds funds. At a correlation of -0.13, they often move in opposite directions.
Performance
IBIM vs. CPII - Performance Comparison
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Returns By Period
IBIM
- 1D
- 0.36%
- 1M
- 0.14%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CPII
- 1D
- 0.21%
- 1M
- -0.99%
- YTD
- 2.86%
- 6M
- 2.78%
- 1Y
- 3.44%
- 3Y*
- 4.45%
- 5Y*
- —
- 10Y*
- —
IBIM vs. CPII - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IBIM iShares iBonds Oct 2036 Term TIPS ETF | 1.94% |
CPII Ionic Inflation Protection ETF | 1.76% |
Correlation
The correlation between IBIM and CPII is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026 | -0.13 |
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Return for Risk
IBIM vs. CPII — Risk / Return Rank
IBIM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CPII
IBIM vs. CPII - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2036 Term TIPS ETF (IBIM) 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.
| IBIM | CPII | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.20 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.62 | — |
| Martin ratioReturn relative to average drawdown | — | 4.45 | — |
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Drawdowns
IBIM vs. CPII - Drawdown Comparison
The maximum IBIM drawdown since its inception was -1.84%, smaller than the maximum CPII drawdown of -6.40%. Use the drawdown chart below to compare losses from any high point for IBIM and CPII.
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Drawdown Indicators
| IBIM | CPII | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.84% | -6.40% | +4.56% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.13% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.39% | — |
Current DrawdownCurrent decline from peak | -0.18% | -1.74% | +1.56% |
Average DrawdownAverage peak-to-trough decline | -0.51% | -1.61% | +1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.78% | — |
Volatility
IBIM vs. CPII - Volatility Comparison
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Volatility by Period
| IBIM | CPII | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.79% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.84% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.85% | 3.35% | +1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.85% | 5.89% | -1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.85% | 5.89% | -1.04% |
Dividends
IBIM vs. CPII - Dividend Comparison
IBIM has not paid dividends to shareholders, while CPII's dividend yield for the trailing twelve months is around 4.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CPII Ionic Inflation Protection ETF | 4.10% | 4.20% | 5.47% | 5.86% | 2.21% |
IBIM iShares iBonds Oct 2036 Term TIPS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBIM and CPII have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CPII has the higher dividend yield at 4.10%, compared with 0.00% for IBIM.
They also come from different issuers: iShares and Ionic.
Find the right allocation for IBIM and CPII
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