LDRI vs. CPII
LDRI (iShares iBonds 1-5 Year TIPS Ladder ETF) and CPII (Ionic Inflation Protection ETF) are both Inflation-Protected Bonds funds. LDRI is passively managed, while CPII is actively managed. Over the past year, LDRI returned 3.55% vs 2.83% for CPII. At a 0.15 correlation, their price movements are largely independent. LDRI charges 0.10%/yr vs 0.74%/yr for CPII.
Performance
LDRI vs. CPII - Performance Comparison
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Returns By Period
In the year-to-date period, LDRI achieves a 1.37% return, which is significantly lower than CPII's 2.76% return.
LDRI
- 1D
- 0.00%
- 1M
- -0.16%
- YTD
- 1.37%
- 6M
- 1.71%
- 1Y
- 3.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CPII
- 1D
- -0.21%
- 1M
- -0.94%
- YTD
- 2.76%
- 6M
- 2.75%
- 1Y
- 2.83%
- 3Y*
- 4.53%
- 5Y*
- —
- 10Y*
- —
LDRI vs. CPII - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LDRI iShares iBonds 1-5 Year TIPS Ladder ETF | 1.37% | 5.94% | 0.10% |
CPII Ionic Inflation Protection ETF | 2.76% | 2.76% | 0.52% |
Correlation
The correlation between LDRI and CPII is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.15 |
The correlation between LDRI and CPII shifts across timeframes, from 0.15 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LDRI vs. CPII — Risk / Return Rank
LDRI
CPII
LDRI vs. CPII - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 1-5 Year TIPS Ladder ETF (LDRI) 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.
| LDRI | CPII | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.16 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 5.96 | 1.54 | +4.42 |
| Martin ratioReturn relative to average drawdown | 15.28 | 3.85 | +11.44 |
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Drawdowns
LDRI vs. CPII - Drawdown Comparison
The maximum LDRI drawdown since its inception was -0.85%, smaller than the maximum CPII drawdown of -6.40%. Use the drawdown chart below to compare losses from any high point for LDRI and CPII.
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Drawdown Indicators
| LDRI | CPII | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.85% | -6.40% | +5.55% |
Max Drawdown (1Y)Largest decline over 1 year | -0.60% | -1.85% | +1.25% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.39% | — |
Current DrawdownCurrent decline from peak | -0.58% | -1.85% | +1.27% |
Average DrawdownAverage peak-to-trough decline | -0.20% | -1.61% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 0.74% | -0.51% |
Volatility
LDRI vs. CPII - Volatility Comparison
The current volatility for iShares iBonds 1-5 Year TIPS Ladder ETF (LDRI) is 0.64%, while Ionic Inflation Protection ETF (CPII) has a volatility of 0.75%. This indicates that LDRI experiences smaller price fluctuations and is considered to be less risky than CPII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LDRI | CPII | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 0.75% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 1.48% | 2.82% | -1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.95% | 3.42% | -1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.29% | 5.90% | -3.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.29% | 5.90% | -3.61% |
LDRI vs. CPII - Expense Ratio Comparison
LDRI has a 0.10% expense ratio, which is lower than CPII's 0.74% expense ratio.
Dividends
LDRI vs. CPII - Dividend Comparison
LDRI's dividend yield for the trailing twelve months is around 3.54%, less than CPII's 4.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CPII Ionic Inflation Protection ETF | 4.11% | 4.20% | 5.47% | 5.86% | 2.21% |
LDRI iShares iBonds 1-5 Year TIPS Ladder ETF | 3.54% | 4.23% | 0.83% | 0.00% | 0.00% |
Frequently Asked Questions
LDRI and CPII have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CPII has higher volatility (0.75%) compared to LDRI (0.64%). In terms of maximum drawdown, LDRI dropped -0.85% vs CPII's -6.40%.
On 1-year performance, LDRI leads with 3.55% vs 2.83% for CPII. On fees, LDRI is cheaper at 0.10% per year. On volatility, LDRI has been the lower-risk option at 0.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, LDRI has performed better with a 3.55% return vs 2.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LDRI is cheaper with a 0.10% expense ratio, compared with 0.74% for CPII.
CPII has the higher dividend yield at 4.11%, compared with 3.54% for LDRI.
They also come from different issuers: iShares and Ionic. Their fees differ too: 0.10% for LDRI and 0.74% for CPII.
LDRI currently has the higher Sharpe Ratio (1.84 vs 0.83), 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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