TIPD vs. CPII
TIPD (Northern Trust 2055 Inflation-Linked Distributing Ladder ETF) and CPII (Ionic Inflation Protection ETF) are both Inflation-Protected Bonds funds. Both are actively managed. At a correlation of -0.17, they often move in opposite directions. TIPD charges 0.10%/yr vs 0.74%/yr for CPII.
Performance
TIPD vs. CPII - Performance Comparison
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Returns By Period
In the year-to-date period, TIPD achieves a -0.94% return, which is significantly lower than CPII's 3.67% return.
TIPD
- 1D
- -0.41%
- 1M
- -1.47%
- 6M
- -1.21%
- YTD
- -0.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
CPII
- 1D
- 0.20%
- 1M
- 0.89%
- 6M
- 3.62%
- YTD
- 3.67%
- 1Y
- 3.24%
- 3Y*
- 4.50%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.40K | $4.34K | $26.27K | |
| $20.92K | $17.52K | $11.98K |
TIPD vs. CPII - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TIPD Northern Trust 2055 Inflation-Linked Distributing Ladder ETF | -0.94% | 1.97% |
CPII Ionic Inflation Protection ETF | 3.67% | -0.36% |
Correlation
The correlation between TIPD and CPII is -0.17, 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 Aug 19, 2025 | -0.17 |
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Return for Risk
TIPD vs. CPII — Risk / Return Rank
TIPD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CPII
TIPD vs. CPII - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Trust 2055 Inflation-Linked Distributing Ladder ETF (TIPD) 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.
| TIPD | CPII | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.19 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.53 | — |
| Martin ratioReturn relative to average drawdown | — | 3.84 | — |
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Drawdowns
TIPD vs. CPII - Drawdown Comparison
The maximum TIPD drawdown since its inception was -4.01%, smaller than the maximum CPII drawdown of -6.40%. Use the drawdown chart below to compare losses from any high point for TIPD and CPII.
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Drawdown Indicators
| TIPD | CPII | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.01% | -6.40% | +2.39% |
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 | -3.64% | -0.97% | -2.67% |
Average DrawdownAverage peak-to-trough decline | -1.63% | -1.61% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.85% | — |
Volatility
TIPD vs. CPII - Volatility Comparison
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Volatility by Period
| TIPD | CPII | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.82% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.91% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.10% | 3.32% | +2.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.10% | 5.85% | +0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.10% | 5.85% | +0.25% |
TIPD vs. CPII - Expense Ratio Comparison
TIPD has a 0.10% expense ratio, which is lower than CPII's 0.74% expense ratio.
Dividends
TIPD vs. CPII - Dividend Comparison
TIPD's dividend yield for the trailing twelve months is around 6.95%, more than CPII's 4.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CPII Ionic Inflation Protection ETF | 4.62% | 4.20% | 5.47% | 5.86% | 2.21% |
TIPD Northern Trust 2055 Inflation-Linked Distributing Ladder ETF | 6.95% | 1.87% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TIPD and CPII have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TIPD is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TIPD is cheaper with a 0.10% expense ratio, compared with 0.74% for CPII.
TIPD has the higher dividend yield at 6.95%, compared with 4.62% for CPII.
They also come from different issuers: Northern Trust and Ionic. Their fees differ too: 0.10% for TIPD and 0.74% for CPII.
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