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CPII vs VTIP

American Beacon Ionic Inflation Protection ETF

CPII—NYSE Arca

Vanguard Short-Term Inflation-Protected Securities ETF

VTIPANasdaq

Overlap

No data

Expense ratio

VTIP −0.67pt a year

CPII0.70%VTIP0.03%

Avg volume · 30D

VTIP 2581.3×the volume

CPII1.07KVTIP2.77M

3Y return · a year

VTIP +1.4pt

CPII+3.5%VTIP+4.9%

CPII vs VTIP Performance

Oct 31, 2025 – Nov 2, 2026

+3.8%CPII+2.4%VTIP

Oct 31, 2025 to Nov 2, 2026. CPII +3.8%. VTIP +2.4%. Use the arrow keys to read each point.0%1%3%5%Oct 2025May 2026Nov 2026
Expense ratio
CPII 0.70%
VTIP 0.03%, better
Fund size
CPII $11M
VTIP $73.1B
1Y total return
CPII +3.8%, better
VTIP +2.4%
Yield (12M)
CPII 4.44%
VTIP 4.81%, better
Holdings
CPII 15
VTIP 27
Avg volume (30D)
CPII 1.07K sh
VTIP 2.77M sh, better
NAV per share
CPII $19.03
VTIP $48.95
52W range

ETF.net Grade

  • —CPIIUnder classification review
VTIP: Cost 98, Risk 57, Mission 43, Tradability 82, Holdings 74, Durability 96.
Pillar letters and Scores for CPII, VTIP, with each pillar’s weight
PillarCPIIVTIP
Cost30% weightNot scoredA98
Mission25% weightNot scoredC43
Risk15% weightNot scoredB57
Tradability15% weightNot scoredA82
Holdings10% weightNot scoredA74
Durability5% weightNot scoredA96

Rank among TIPS funds

How we build Categories ›

TIPS⁠

Category · 40 funds
See all 40 ›

VTIP ranks 4th of 40 funds in the TIPS Category.

  1. Rank 1ASCHPSchwab US TIPS ETFScore 86
  2. Rank 2ASTIPiShares 0-5 Year TIPS Bond ETFScore 81
  3. Rank 3AVTPVanguard Total Inflation-Protected Securities ETFScore 77
  4. Rank 4AVTIPVanguard Short-Term Inflation-Protected Securities ETFScore 72
  5. Rank 5APBTPInvesco 0-5 Yr US TIPS ETFScore 71
  6. CPIINot yet graded

Our read on each fund

ETF.net Research

CPII—American Beacon Ionic Inflation Protection ETF

VTIPAVanguard Short-Term Inflation-Protected Securities ETF

In short

CPII No data

VTIP Inflation protection without the long-bond whiplash. VTIP holds only Treasury TIPS maturing inside five years, so CPI does most of the driving and rate swings do less of it, for three basis points a year.

Stated mandate

CPII No data

VTIP Tracks a benchmark measuring the investment return of U.S. Treasury inflation-protected public obligations with remaining maturities under five years.

Why people hold it

CPII No data

  • VTIP Three basis points a year, against a 0.12% median for Treasury bond ETFs in its group. Vanguard's at-cost setup shows up right in the fee line.vanguard.com
  • TIPS principal ratchets with CPI, and the under-five-year maturity cap keeps duration short, so rate moves land lighter here than in full-curve TIPS funds like SCHP.vanguard.com
  • Open since 2012 and now a multi-billion-dollar, actively traded fund that owns Treasury paper directly. Plain index rules, no swaps, no credit detours.

Worth knowing

CPII No data

  • VTIP Short maturities cut both ways: less sensitivity to rates, and less exposure to shifts in long-run inflation expectations than a full-maturity TIPS fund such as SCHP.
  • Income rides on CPI accruals, so the quarterly payout moves around rather than arriving as a steady coupon.
  • This is one narrow slice of one market, short US Treasury TIPS, not a diversified bond portfolio.

Full CPII profile⁠

Full VTIP profile⁠

CPII vs VTIP Holdings

How CPII and VTIP differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

  • Asset classFixed Income100%
  • Countryby domicile100%

Sector

No Sector split for CPII.

Country, concentration and asset class

Country by domicile

Country weights in CPII and VTIP, widest gap first
CountryMore in CPIIMore in VTIP
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • CPII199.0%
  • VTIP50.0%

Securities held

  • CPII11
  • VTIP25

Asset class

CPII
Fixed Income
VTIP
Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. CPII holds 11 securities, VTIP 25.

All 11 CPII holdings⁠All 21 VTIP holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CPII vs VTIP Cost

Overpaying CPII vs VTIP

$12,968

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CPII 0.70%

    $13,606

  • VTIP 0.03%

    $638

$10,000
30 years

Cost over time

  • CPII 0.70%
  • VTIP 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530CPII $13,606VTIP $638

Year by year

YearCPIIVTIPOverpaying
10$1,250$55$1,195
20$4,760$216$4,544
30$13,606$638$12,968

Expense ratio

  • 0.70%CPII
  • 0.03%VTIP, cheaper
  • Middle half of TIPS funds
  • Median 0.10%

VTIP cheapest of 40 funds

CPII 40th cheapest of 40 funds

CPII vs VTIP Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
CPII 4.44%
VTIP 4.81%, better
Payout (12M)
CPII $0.84
VTIP $2.35
Last payment
CPII $0.13
VTIP $0.93
Ex-dividend
CPII Aug 4, 2026
VTIP Oct 1, 2026
Paid on
CPII Aug 6, 2026
VTIP Oct 5, 2026
Frequency
CPII Monthly
VTIP Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

CPIIMonthly · 40 paymentsAll CPII payments⁠
One bar per payment. 40 payments from 2023 to 2026 YTD. Apr 3, 2023 $0.13; May 1, 2023 $0.11; Jun 1, 2023 $0.07; Jul 3, 2023 $0.02; Aug 1, 2023 $0.02; Sep 1, 2023 $0.05; Oct 2, 2023 $0.05; Nov 1, 2023 $0.09; Dec 1, 2023 $0.06; Dec 26, 2023 $0.52; Feb 1, 2024 $0.02; Mar 1, 2024 $0.0033; Apr 1, 2024 $0.10; May 1, 2024 $0.13; Jun 3, 2024 $0.13; Jul 1, 2024 $0.01; Aug 1, 2024 $0.01; Sep 3, 2024 $0.01; Oct 1, 2024 $0.05; Nov 1, 2024 $0.05; Dec 2, 2024 $0.05; Dec 27, 2024 $0.48; Feb 3, 2025 $0.009; Mar 3, 2025 $0.02; Apr 1, 2025 $0.12; May 2, 2025 $0.18; Jun 3, 2025 $0.06; Jul 2, 2025 $0.07; Aug 4, 2025 $0.05; Sep 3, 2025 $0.08; Oct 2, 2025 $0.04; Nov 4, 2025 $0.07; Dec 2, 2025 $0.06; Dec 31, 2025 $0.05; Mar 3, 2026 $0.0056; Apr 2, 2026 $0.08; May 4, 2026 $0.10; Jun 2, 2026 $0.19; Jul 2, 2026 $0.17; Aug 4, 2026 $0.13. Use the arrow keys to read each point.$0$120232026YTD
VTIPQuarterly · 15 paymentsAll VTIP payments⁠
One bar per payment. 15 payments from 2023 to 2026 YTD. Apr 3, 2023 $0.03; Jul 3, 2023 $0.35; Oct 2, 2023 $0.34; Dec 22, 2023 $0.64; Apr 1, 2024 $0.03; Jul 1, 2024 $0.44; Oct 1, 2024 $0.31; Dec 24, 2024 $0.53; Apr 1, 2025 $0.10; Jul 1, 2025 $0.43; Oct 1, 2025 $0.65; Dec 18, 2025 $0.71; Apr 1, 2026 $0.02; Jul 1, 2026 $0.68; Oct 1, 2026 $0.93. Use the arrow keys to read each point.$0$120232026YTD

CPII vs VTIP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CPII 3.5%VTIP 1.9%, better
Return per unit of riskSharpe ratio, 3 years
CPII −0.28VTIP 0.29, better
Worst fallMax drawdown, 5 years
CPII −6.4%since Jun 2022VTIP −5.5%
Market sensitivityBeta, 5 years
CPII −0.56VTIP 0.21

CPII and VTIP in the news

All news⁠

Popular comparisons

  • CPII—vsSCHPA

    American Beacon Ionic Inflation Protection ETF · Schwab US TIPS ETF

    Expense ratio
    0.70% · 0.03%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • VTIPAvsSCHPA

    Vanguard Short-Term Inflation-Protected Securities ETF · Schwab US TIPS ETF

    Expense ratio
    0.03% · 0.03%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CPII—vsSTIPA

    American Beacon Ionic Inflation Protection ETF · iShares 0-5 Year TIPS Bond ETF

    Expense ratio
    0.70% · 0.03%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • VTIPAvsSTIPA

    Vanguard Short-Term Inflation-Protected Securities ETF · iShares 0-5 Year TIPS Bond ETF

    Expense ratio
    0.03% · 0.03%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CPII—vsVTPA

    American Beacon Ionic Inflation Protection ETF · Vanguard Total Inflation-Protected Securities ETF

    Expense ratio
    0.70% · 0.05%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • VTIPAvsVTPA

    Vanguard Short-Term Inflation-Protected Securities ETF · Vanguard Total Inflation-Protected Securities ETF

    Expense ratio
    0.03% · 0.05%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.