AVMC vs. CPAI

Last updated Jun 24, 2026

AVMC (Avantis U.S. Mid Cap Equity ETF) and CPAI (Counterpoint Quantitative Equity ETF) are both Mid Cap Blend Equities funds. Both are actively managed. Over the past year, AVMC returned 22.96% vs 41.30% for CPAI. A 0.79 correlation means they provide meaningful diversification when combined. AVMC charges 0.20%/yr vs 0.75%/yr for CPAI.

Performance

AVMC vs. CPAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis U.S. Mid Cap Equity ETF (AVMC) and Counterpoint Quantitative Equity ETF (CPAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVMC achieves a 12.31% return, which is significantly lower than CPAI's 25.79% return.

AVMC

• 1D: -0.79%
• 1M: 1.58%
• YTD: 12.31%
• 6M: 10.80%
• 1Y: 22.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CPAI

• 1D: -1.85%
• 1M: 2.40%
• YTD: 25.79%
• 6M: 24.67%
• 1Y: 41.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVMC vs. CPAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVMC Avantis U.S. Mid Cap Equity ETF	12.31%	9.98%	16.84%	9.33%
CPAI Counterpoint Quantitative Equity ETF	25.79%	17.79%	28.37%	5.67%

Correlation

The correlation between AVMC and CPAI is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (All Time) Calculated using the full available price history since Nov 29, 2023	0.79

The correlation between AVMC and CPAI has been stable across timeframes, ranging from 0.71 to 0.79 - a consistent structural relationship.

AVMC vs. CPAI - Sectors Allocation Comparison

Sectors	AVMC	CPAI
Industrials	19.3%	7.4%
Financial Services	15.8%	3.8%
Technology	14.6%	48.5%
Consumer Cyclical	10.9%	3.6%
Healthcare	10.2%	15.4%
Energy	8.5%	3.1%
Consumer Defensive	6.8%	8.0%
Utilities	5.3%	-
Basic Materials	5.3%	3.1%
Communication Services	2.7%	7.2%
Real Estate	0.6%	-

Return for Risk

AVMC vs. CPAI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVMC

AVMC Risk / Return Rank: 55
AVMC Sharpe Ratio Rank: 51
AVMC Sortino Ratio Rank: 52
AVMC Omega Ratio Rank: 48
AVMC Calmar Ratio Rank: 62
AVMC Martin Ratio Rank: 64

CPAI

CPAI Risk / Return Rank: 73
CPAI Sharpe Ratio Rank: 73
CPAI Sortino Ratio Rank: 66
CPAI Omega Ratio Rank: 66
CPAI Calmar Ratio Rank: 81
CPAI Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVMC vs. CPAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Mid Cap Equity ETF (AVMC) and Counterpoint Quantitative Equity ETF (CPAI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AVMC	CPAI	Difference
Sharpe ratio: Return per unit of total volatility	1.65	2.16	-0.52
Sortino ratio: Return per unit of downside risk	2.39	2.84	-0.45
Omega ratio: Gain probability vs. loss probability	1.29	1.37	-0.08
Calmar ratio: Return relative to maximum drawdown	2.92	3.96	-1.04
Martin ratio: Return relative to average drawdown	10.85	13.92	-3.07

AVMC vs. CPAI - Sharpe Ratio Comparison

The current AVMC Sharpe Ratio is 1.65, which is comparable to the CPAI Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of AVMC and CPAI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AVMC vs. CPAI - Drawdown Comparison

The maximum AVMC drawdown since its inception was -21.84%, roughly equal to the maximum CPAI drawdown of -21.46%. Use the drawdown chart below to compare losses from any high point for AVMC and CPAI.

Drawdown Indicators

	AVMC	CPAI	Difference
Max Drawdown Largest peak-to-trough decline	-21.84%	-21.46%	-0.38%
Max Drawdown (1Y) Largest decline over 1 year	-7.90%	-10.48%	+2.58%
Current Drawdown Current decline from peak	-1.21%	-3.09%	+1.88%
Average Drawdown Average peak-to-trough decline	-3.17%	-2.98%	-0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	2.97%	-0.85%

Volatility

AVMC vs. CPAI - Volatility Comparison

The current volatility for Avantis U.S. Mid Cap Equity ETF (AVMC) is 4.16%, while Counterpoint Quantitative Equity ETF (CPAI) has a volatility of 7.96%. This indicates that AVMC experiences smaller price fluctuations and is considered to be less risky than CPAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVMC	CPAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.16%	7.96%	-3.80%
Volatility (6M) Calculated over the trailing 6-month period	10.36%	15.81%	-5.45%
Volatility (1Y) Calculated over the trailing 1-year period	14.03%	19.18%	-5.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.95%	19.47%	-2.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	19.47%	-2.52%

AVMC vs. CPAI - Expense Ratio Comparison

AVMC has a 0.20% expense ratio, which is lower than CPAI's 0.75% expense ratio.

Dividends

AVMC vs. CPAI - Dividend Comparison

AVMC's dividend yield for the trailing twelve months is around 1.22%, more than CPAI's 0.71% yield.

Position	TTM	2025	2024	2023
AVMC Avantis U.S. Mid Cap Equity ETF	1.22%	1.12%	1.02%	0.24%
CPAI Counterpoint Quantitative Equity ETF	0.71%	0.89%	0.41%	0.06%

Frequently Asked Questions

Can I hold both AVMC and CPAI in my portfolio?

AVMC and CPAI have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVMC or CPAI?

CPAI has higher volatility (7.96%) compared to AVMC (4.16%). In terms of maximum drawdown, AVMC dropped -21.84% vs CPAI's -21.46%.

Which ETF is better, AVMC or CPAI?

On 1-year performance, CPAI leads with 41.30% vs 22.96% for AVMC. On fees, AVMC is cheaper at 0.20% per year. On volatility, AVMC has been the lower-risk option at 4.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVMC or CPAI?

Over the 1-year period, CPAI has performed better with a 41.30% return vs 22.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVMC or CPAI?

AVMC is cheaper with a 0.20% expense ratio, compared with 0.75% for CPAI.

Which ETF pays a higher dividend yield, AVMC or CPAI?

AVMC has the higher dividend yield at 1.22%, compared with 0.71% for CPAI.

What is the main difference between AVMC and CPAI?

They also come from different issuers: Avantis and Counterpoint Funds. Their fees differ too: 0.20% for AVMC and 0.75% for CPAI.

Which has better risk-adjusted returns?

CPAI currently has the higher Sharpe Ratio (2.16 vs 1.65), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.