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ETFs

Ionic Inflation Protection ETF

CPII
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Jun 28, 2022
Expense Ratio
0.7%
Type
US Diversified
Fund Owner
Ionic Capital Management
Volume (1m avg. daily)
$469
AUM
$10,486,560
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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United States Treasury Inflation Indexed Bonds 0.5% 04/15/2024
11.45%
—
United States Treasury Inflation Indexed Bonds 0.25% 01/15/2025
11.44%
—
United States Treasury Inflation Indexed Bonds 0.625% 01/15/2024
11.43%
—
United States Treasury Inflation Indexed Bonds 0.125% 10/15/2024
11.33%
—
United States Treasury Notes 2014-15.7.24 Inflation Indexed Inflation ratio daily update
11.33%
—
United States Treasury Inflation Indexed Bonds 0.125% 04/15/2025
11.31%
—
United States Treasury Inflation Indexed Bonds 0.125% 10/15/2025
11.19%
—
United States Treasury Inflation Indexed Bonds 0.375% 07/15/2025
11.13%
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Cash & Other
4.63%
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IR SWAPTION PAYER 4.25% 07/07/2025
4.02%
Invest with CPII
Trade CPII Options

What is CPII?

The Ionic Inflation Protection ETF (CPII) is an actively managed exchange-traded fund that seeks to generate positive returns during periods of elevated and/or rising inflation and inflation expectations as well as during periods of increasing interest rates and fixed income volatility. Ionic utilizes a proprietary process to construct an investment portfolio of inflation swaps on CPI, swaptions on US interest rates and TIPS.

1M
3M
6M
YTD
1Y
3Y
Max
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CPII
Performance Measures**

for the time period Jun 29, 2022 to Dec 4, 2025

Returns

1M Trailing Return: -0.2%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: -0.6%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -6.4%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 6.2%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.59

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.55

The annualized return divided by the max drawdown for the selected time period.

ETFs related toCPII

ETFs correlated to CPII include PFIX, TMV, TBF

CPII
Tidal ETF Trust - Ionic Inflation Protection ETF
PFIX
Simplify Exchange Traded Funds - Simplify Interest Rate Hedge ETF
TMV
Direxion Shares ETF Trust - Direxion Daily 20+ Year Treasury Bear -3X Shares
TBF
ProShares Trust - ProShares Short 20+ Year Treasury -1x Shares
TBT
Invesco Capital Management LLC - PowerShares UltraShort Lehman 20+ Year Treasury ProShares 2x Shares
TTT
ProShares Trust - ProShares UltraPro Short 20+ Year Treasury -3x Shares
PST
Invesco Capital Management LLC - PowerShares UltraShort Lehman 7-10 + Year Treasury ProShares -2X Sh
TBX
ProShares Trust - ProShares Short 7-10 Year Treasury -1x Shares
DBMF
Manager Directed Portfolios - iMGP DBi Managed Futures Strategy ETF
KMLM
KraneShares Trust - KFA Mount Lucas Managed Futures Index Strategy ETF
ERX
Direxion Shares ETF Trust - Direxion Daily Energy Bull 2X Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

CPII is a US Diversified ETF. The Ionic Inflation Protection ETF (CPII) is an actively managed exchange-traded fund that seeks to generate positive returns during periods of elevated and/or rising inflation and inflation expectations as well as during periods of increasing interest rates and fixed income volatility. Ionic utilizes a proprietary process to construct an investment portfolio of inflation swaps on CPI, swaptions on US interest rates and TIPS.

Yes, CPII is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, CPII is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CPII is 0.0115%. This is the percent change in the value of CPII over the most recent 1-month period. The 3-month return on CPII is 0.0374%. This is the percent change in the value of CPII over the most recent 3-month period.

The standard deviation of CPII for the past year is 0.0699%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to CPII include AOR, DRSK, and FPEI.

ETFs correlated to CPII include PFIX, TMV, and TBF.

ETFs that are inversely correlated to CPII include PYLD, IBDY, and JMHI.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.