TIPB vs. CPII
TIPB (Northern Trust 2035 Inflation-Linked Distributing Ladder ETF) and CPII (American Beacon Ionic Inflation Protection ETF) are both Inflation-Protected Bonds funds. Both are actively managed. Their 0.04 correlation means their historical movements had little consistent relationship. TIPB charges 0.10%/yr vs 0.74%/yr for CPII.
Performance
TIPB vs. CPII - Performance Comparison
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Returns By Period
In the year-to-date period, TIPB achieves a 1.32% return, which is significantly lower than CPII's 2.87% return.
TIPB
- 1D
- -0.11%
- 1M
- -0.15%
- 6M
- 0.74%
- YTD
- 1.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
CPII
- 1D
- -0.16%
- 1M
- -0.11%
- 6M
- 1.90%
- YTD
- 2.87%
- 1Y
- 2.81%
- 3Y*
- 4.03%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.03K | $4.83K | $26.18K | |
| $2.11K | $9.22K | $33.66K |
TIPB vs. CPII - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF | 1.32% | 0.79% |
CPII American Beacon Ionic Inflation Protection ETF | 2.87% | -0.36% |
Correlation
The correlation between TIPB and CPII is 0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025 | 0.04 |
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Return for Risk
TIPB vs. CPII — Risk / Return Rank
TIPB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CPII
TIPB vs. CPII - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Trust 2035 Inflation-Linked Distributing Ladder ETF (TIPB) and American Beacon 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.
| TIPB | CPII | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.38 | — |
| Martin ratioReturn relative to average drawdown | — | 3.32 | — |
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Drawdowns
TIPB vs. CPII - Drawdown Comparison
The maximum TIPB drawdown since its inception was -1.32%, smaller than the maximum CPII drawdown of -6.40%. Use the drawdown chart below to compare losses from any high point for TIPB and CPII.
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Drawdown Indicators
| TIPB | CPII | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.32% | -6.40% | +5.08% |
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 | -0.85% | -1.74% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -1.61% | +1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.88% | — |
Volatility
TIPB vs. CPII - Volatility Comparison
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Volatility by Period
| TIPB | CPII | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.95% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.95% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.60% | 3.34% | -0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.60% | 5.84% | -3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.60% | 5.84% | -3.24% |
TIPB vs. CPII - Expense Ratio Comparison
TIPB has a 0.10% expense ratio, which is lower than CPII's 0.74% expense ratio.
Dividends
TIPB vs. CPII - Dividend Comparison
TIPB's dividend yield for the trailing twelve months is around 4.16%, less than CPII's 4.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CPII American Beacon Ionic Inflation Protection ETF | 4.65% | 4.20% | 5.47% | 5.86% | 2.21% |
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF | 4.16% | 1.09% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TIPB and CPII have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TIPB is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TIPB is cheaper with a 0.10% expense ratio, compared with 0.74% for CPII.
CPII has the higher dividend yield at 4.65%, compared with 4.16% for TIPB.
They also come from different issuers: Northern Trust and American Beacon. Their fees differ too: 0.10% for TIPB and 0.74% for CPII.
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