TDTF vs. CPII
Compare and contrast key facts about FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) and Ionic Inflation Protection ETF (CPII).
TDTF and CPII are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TDTF is a passively managed fund by Northern Trust that tracks the performance of the iBoxx 5-Year Target Duration TIPS. It was launched on Sep 19, 2011. CPII is an actively managed fund by Ionic. It was launched on Jun 28, 2022.
Performance
TDTF vs. CPII - Performance Comparison
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TDTF vs. CPII - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 0.61% | 7.83% | 2.40% | 4.10% | -2.71% |
CPII Ionic Inflation Protection ETF | 1.67% | 2.76% | 6.05% | 1.79% | 1.22% |
Returns By Period
In the year-to-date period, TDTF achieves a 0.61% return, which is significantly lower than CPII's 1.67% return.
TDTF
- 1D
- 0.08%
- 1M
- -0.92%
- YTD
- 0.61%
- 6M
- 0.78%
- 1Y
- 3.85%
- 3Y*
- 3.71%
- 5Y*
- 2.01%
- 10Y*
- 2.88%
CPII
- 1D
- -0.16%
- 1M
- 1.19%
- YTD
- 1.67%
- 6M
- 0.95%
- 1Y
- 2.10%
- 3Y*
- 3.99%
- 5Y*
- —
- 10Y*
- —
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TDTF vs. CPII - Expense Ratio Comparison
TDTF has a 0.18% expense ratio, which is lower than CPII's 0.74% expense ratio.
Return for Risk
TDTF vs. CPII — Risk / Return Rank
TDTF
CPII
TDTF vs. CPII - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) 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.
| TDTF | CPII | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.54 | +0.48 |
Sortino ratioReturn per unit of downside risk | 1.45 | 0.79 | +0.66 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.11 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.36 | +0.29 |
Martin ratioReturn relative to average drawdown | 6.16 | 3.02 | +3.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TDTF | CPII | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.54 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.60 | -0.14 |
Correlation
The correlation between TDTF and CPII is -0.23. 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
TDTF vs. CPII - Dividend Comparison
TDTF's dividend yield for the trailing twelve months is around 4.37%, more than CPII's 4.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 4.37% | 4.58% | 3.98% | 3.97% | 7.60% | 4.55% | 1.13% | 1.80% | 2.60% | 2.20% | 1.51% | 0.21% |
CPII Ionic Inflation Protection ETF | 4.03% | 4.20% | 5.47% | 5.86% | 2.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TDTF vs. CPII - Drawdown Comparison
The maximum TDTF drawdown since its inception was -12.02%, which is greater than CPII's maximum drawdown of -6.40%. Use the drawdown chart below to compare losses from any high point for TDTF and CPII.
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Drawdown Indicators
| TDTF | CPII | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.02% | -6.40% | -5.62% |
Max Drawdown (1Y)Largest decline over 1 year | -2.56% | -1.62% | -0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -12.02% | — | — |
Current DrawdownCurrent decline from peak | -0.92% | -1.06% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -1.67% | -1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.73% | -0.04% |
Volatility
TDTF vs. CPII - Volatility Comparison
The current volatility for FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) is 1.15%, while Ionic Inflation Protection ETF (CPII) has a volatility of 2.03%. This indicates that TDTF 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
| TDTF | CPII | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 2.03% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 2.11% | 2.44% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 3.92% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.70% | 6.02% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.08% | 6.02% | -0.94% |