CPII vs VOO
American Beacon Ionic Inflation Protection ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | CPII | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.70% | 0.03% | |
| AUM | $12M | $997.4B | |
| Dividend Yield | 4.63% | 1.08% | |
| Holdings | 16 | 509 | |
| YTD Return | +1.13% | +12.68% | |
| 1Y Return | +2.04% | +21.87% | |
| 3Y Return (annualized) | - | +22.06% | |
| 5Y Return (annualized) | - | +12.95% | |
| Volatility (annualized) | 5.0% | 14.1% | |
| Max Drawdown | -6.4% | -34.3% | |
| Fund Family | American Beacon Funds | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 28, 2022 | Sep 7, 2010 |
CPII vs VOO Performance
American Beacon Ionic Inflation Protection ETF (CPII) is a ETF from American Beacon Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CPII returned +2.04% while VOO returned +21.87%. Year to date, CPII is up 1.13% versus a gain of 12.68% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -34.3% for VOO. 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 VOO 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 1.08% for VOO.
Holdings Overlap
CPII and VOO 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 VOO?
CPII has an expense ratio of 0.70% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $67 per year of difference.
Which performed better, CPII or VOO?
Over the past year CPII returned +2.04% vs +21.87% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), CPII annualized +3.69% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, CPII or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 5.0% for CPII. Worst drawdown: CPII -6.4% vs VOO -34.3%.
Should I hold both CPII and VOO?
CPII and VOO 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 VOO?
CPII and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 513 unique securities.
Which pays a higher dividend, CPII or VOO?
CPII yields 4.63% while VOO yields 1.08%, so CPII currently pays the higher dividend yield.
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