CPIIvsSCHOETF Comparison
ETF 1
CPII
American Beacon Ionic Inflation Protection ETF
This fund is part of
Inflation-linked Bonds
+0.21%
VS
American Beacon Ionic Inflation Protection ETF (CPII) belongs to the Inflation-linked Bonds segment. Schwab Short-Term U.S. Treasury ETF (SCHO) is part of the US Government Bonds segment. Both ETFs have the same top 1 sector exposures: Sovereign. CPII is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.03% for SCHO. CPII is up 3.9% year-to-date (YTD) with +$970K in YTD flows. SCHO performs worse with 0.98% YTD performance, and +$3.55B in YTD flows. Run a side-by-side ETF comparison of CPII and SCHO below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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CPII vs SCHO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CPII SCHO | +0.69%+0.45% | +1.22%+0.16% | +3.90%+0.98% | +3.46%+1.58% | n/a+13.06% | n/a+10.32% |
| Flows | CPII SCHO | -+$351M | -+$3.05B | +$970K+$3.55B | +$970K+$4.51B | -+$3.36B | -+$7.24B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CPII SCHO | +2.71%+1.32% | +2.72%+1.26% | n/a+1.57% | n/a+1.96% |
| Max drawdown | CPII SCHO | -0.95%-0.91% | -1.86%-0.91% | n/a-0.96% | n/a-5.38% |
| Max drawdown duration | CPII SCHO | 22d52d | 114d52d | n/a122d | n/a795d |
Trading data
CPII | SCHO | |
Last sale 10/16/2026 at 1:30 PM | $19.12 | $23.92 |
| Previous close 10/15/2026 | $19.11 | $23.89 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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CPII
is actively managed and doesn’t replicate an indexCPII | SCHO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
CPII | SCHO | |
|---|---|---|
| Last price | $19.12 | $23.92 |
| 1D performance | +0.05% | +0.13% |
| AuM | $11.41 M | $15.66 B |
| E/R | 0.7% | 0.03% |
Characteristics
CPII | SCHO | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | American Beacon | Schwab ETFs |
| Benchmark | - | Bloomberg US Treasury 1-3 Year Index |
| N° of holdings | 8 | 96 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 28, 2022 | August 5, 2010 |
| ESG | No | No |
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Exposure
Countries
CPII
USA
99.45%
Other
0.55%
SCHO
USA
100%
Sectors
CPII
Sovereign
99.45%
Other
0.55%
SCHO
Sovereign
100%
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Diversification
CPII
Total weight of top 8 holdings out of 8
99.45%
SCHO
Total weight of top 15 holdings out of 15
21.2%
Top 15 holdings
Data as of August 31, 2026
CPII
USA, TIPS 0.375% 15jul2027, USD (D-2027)
13.61%
USA, TIPS 0.125% 15apr2027, USD (X-2027)
13.51%
USA, TIPS 1.625% 15oct2027, USD (AE-2027)
12.77%
USA, TIPS 1.25% 15apr2028, USD (X-2028)
12.75%
USA, TIPS 0.75% 15jul2028, USD (D-2028)
12.13%
USA, TIPS 0.125% 15oct2026, USD (AE-2026)
12.09%
USA, TIPS 0.375% 15jan2027, USD (A-2027)
12.04%
USA, TIPS 0.5% 15jan2028, USD (A-2028)
10.54%
SCHO
USA, Notes 3.5% 31jan2028, USD (U-2028)
2.20%
USA, Notes 4.625% 30apr2029, USD (Y-2029)
1.38%
USA, Notes 4.5% 31may2029, USD (Z-2029)
1.37%
USA, Notes 4.25% 31jul2028, USD (BE-2028)
1.37%
USA, Notes 4.25% 30jun2029, USD (AA-2029)
1.36%
USA, Notes 4.125% 30jun2028, USD (BD-2028)
1.36%
USA, Notes 4% 31may2028, USD (BC-2028)
1.36%
USA, Notes 3.875% 31mar2028, USD (AZ-2028)
1.36%
USA, Notes 3.5% 30sep2027, USD (BH-2027)
1.36%
USA, Notes 4% 31jul2029, USD (AB-2029)
1.36%
USA, Notes 3.75% 30apr2028, USD (BA-2028)
1.36%
USA, Notes 3.375% 30nov2027, USD (BL-2027)
1.35%
USA, Notes 3.375% 31dec2027, USD (BM-2027)
1.35%
USA, Notes 3.375% 29feb2028, USD (AY-2028)
1.35%
USA, Notes 4.125% 31mar2029, USD (W-2029)
1.32%
Frequently asked questions about CPII and SCHO
How have the CPII and SCHO ETFs performed in 2026?
As of October 16, 2026, CPII is up 3.9% year-to-date (YTD), while SCHO has returned 0.98%. That puts CPII better performer ahead so far this year.
Which ETF is attracting more investor money: CPII or SCHO?
Year-to-date, the CPII ETF saw +$970K in flows, compared to +$3.55B for SCHO.
Which ETF is more volatile: CPII or SCHO?
Over the past year, CPII had a volatility of 2.72%, while SCHO experienced 1.26%.
Which ETF is bigger: CPII or SCHO?
As of October 16, 2026, CPII holds $11.41 M in assets under management (AUM), while SCHO manages $15.66 B.
What sectors do the CPII and SCHO ETFs invest in?
CPII leans toward sectors like Sovereign. Meanwhile, SCHO focuses on Sovereign.
What are the top holdings of the CPII ETF and SCHO ETF?
CPII top holdings include USA, TIPS 0.375% 15jul2027, USD (D-2027), USA, TIPS 0.125% 15apr2027, USD (X-2027) and USA, TIPS 1.625% 15oct2027, USD (AE-2027). SCHO holds in its top three: USA, Notes 3.5% 31jan2028, USD (U-2028), USA, Notes 4.625% 30apr2029, USD (Y-2029) and USA, Notes 4.5% 31may2029, USD (Z-2029).
Which ETF is more diversified: CPII or SCHO?
CPII has 8 securities. SCHO has 96 securities and a top 15 weight of 21.2%.
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Latest news about CPII & SCHO
Schwab Launches New High-Yield Bond ETF on NYSE ARCA
July 13, 2023
SCHO
U.S. Treasuries: An Opportunity for the Risk Conscious Investor
March 3, 2023
SCHO
New funds tied to blockchain technology, logistics and inflation hedging
August 18, 2022
CPII
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