CPII vs VYM
American Beacon Ionic Inflation Protection ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | CPII | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.70% | 0.04% | |
| AUM | $12M | $79.0B | |
| Dividend Yield | 4.12% | 2.86% | |
| Holdings | 30 | 568 | |
| YTD Return | +1.13% | +16.78% | |
| 1Y Return | +2.04% | +24.43% | |
| 3Y Return (annualized) | - | +18.60% | |
| 5Y Return (annualized) | - | +12.30% | |
| Volatility (annualized) | 5.0% | 14.6% | |
| Max Drawdown | -6.4% | -58.8% | |
| Fund Family | American Beacon Funds | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 28, 2022 | Nov 10, 2006 |
CPII vs VYM Performance
American Beacon Ionic Inflation Protection ETF (CPII) is a ETF from American Beacon Funds and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CPII returned +2.04% while VYM returned +24.43%. Year to date, CPII is up 1.13% versus a gain of 16.78% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 -0.08. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CPII charges 0.70% per year while VYM charges 0.04%. On a $10,000 position that is $70 vs $4 annually, a gap of $66 per year that compounds over a long holding period. On income, CPII currently yields 4.12% against 2.86% for VYM.
Holdings Overlap
CPII and VYM share 0 holdings out of 566 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 VYM?
CPII has an expense ratio of 0.70% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
Which performed better, CPII or VYM?
Over the past year CPII returned +2.04% vs +24.43% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), CPII annualized +3.69% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, CPII or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 5.0% for CPII. Worst drawdown: CPII -6.4% vs VYM -58.8%.
Should I hold both CPII and VYM?
CPII and VYM have a monthly-return correlation of -0.08, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CPII and VYM?
CPII and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 566 unique securities.
Which pays a higher dividend, CPII or VYM?
CPII yields 4.12% while VYM yields 2.86%, so CPII currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.