CPII vs IVV
American Beacon Ionic Inflation Protection ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | CPII | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.70% | 0.03% | |
| AUM | $12M | $907.0B | |
| Dividend Yield | 4.63% | 1.10% | |
| Holdings | 16 | 508 | |
| YTD Return | +1.13% | +12.71% | |
| 1Y Return | +2.04% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 5.0% | 15.1% | |
| Max Drawdown | -6.4% | -56.5% | |
| Fund Family | American Beacon Funds | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 28, 2022 | May 15, 2000 |
CPII vs IVV Performance
American Beacon Ionic Inflation Protection ETF (CPII) is a ETF from American Beacon Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CPII returned +2.04% while IVV returned +21.89%. Year to date, CPII is up 1.13% versus a gain of 12.71% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 5.0% for CPII. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -6.4% for CPII and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.18. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CPII charges 0.70% per year while IVV charges 0.03%. On a $10,000 position that is $70 vs $3 annually, a gap of $67 per year that compounds over a long holding period. On income, CPII currently yields 4.63% against 1.10% for IVV.
Holdings Overlap
CPII and IVV share 0 holdings out of 513 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CPII or IVV?
CPII has an expense ratio of 0.70% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $67 per year of difference.
Which performed better, CPII or IVV?
Over the past year CPII returned +2.04% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), CPII annualized +3.69% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, CPII or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 5.0% for CPII. Worst drawdown: CPII -6.4% vs IVV -56.5%.
Should I hold both CPII and IVV?
CPII and IVV have a monthly-return correlation of -0.18, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CPII and IVV?
CPII and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 513 unique securities.
Which pays a higher dividend, CPII or IVV?
CPII yields 4.63% while IVV yields 1.10%, so CPII currently pays the higher dividend yield.
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