CPAI vs. CTEF

Last updated Jun 4, 2026

CPAI (Counterpoint Quantitative Equity ETF) and CTEF (Castellan Targeted Equity ETF) are both Mid Cap Blend Equities funds. Both are actively managed. A 0.66 correlation means they provide meaningful diversification when combined. CPAI charges 0.75%/yr vs 0.45%/yr for CTEF.

Performance

CPAI vs. CTEF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Counterpoint Quantitative Equity ETF (CPAI) and Castellan Targeted Equity ETF (CTEF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CPAI achieves a 27.41% return, which is significantly lower than CTEF's 29.35% return.

CPAI

• 1D: -1.84%
• 1M: 8.24%
• YTD: 27.41%
• 6M: 29.49%
• 1Y: 45.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CTEF

• 1D: -0.41%
• 1M: 10.65%
• YTD: 29.35%
• 6M: 31.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CPAI vs. CTEF - Yearly Performance Comparison

	2026 (YTD)	2025
CPAI Counterpoint Quantitative Equity ETF	27.41%	12.84%
CTEF Castellan Targeted Equity ETF	29.35%	33.22%

Correlation

The correlation between CPAI and CTEF is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 20, 2025	0.66

Return for Risk

CPAI vs. CTEF — Risk / Return Rank

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

CPAI

CPAI Risk / Return Rank: 77
CPAI Sharpe Ratio Rank: 78
CPAI Sortino Ratio Rank: 73
CPAI Omega Ratio Rank: 71
CPAI Calmar Ratio Rank: 82
CPAI Martin Ratio Rank: 81

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.

CPAI vs. CTEF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Counterpoint Quantitative Equity ETF (CPAI) and Castellan Targeted Equity ETF (CTEF). 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.

	CPAI	CTEF	Difference
Sharpe ratio: Return per unit of total volatility	2.52	—	—
Sortino ratio: Return per unit of downside risk	3.33	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	4.36	—	—
Martin ratio: Return relative to average drawdown	15.90	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CPAI	CTEF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.78	3.54	-1.76

Drawdowns

CPAI vs. CTEF - Drawdown Comparison

The maximum CPAI drawdown since its inception was -21.46%, which is greater than CTEF's maximum drawdown of -15.00%. Use the drawdown chart below to compare losses from any high point for CPAI and CTEF.

Drawdown Indicators

	CPAI	CTEF	Difference
Max Drawdown Largest peak-to-trough decline	-21.46%	-15.00%	-6.46%
Max Drawdown (1Y) Largest decline over 1 year	-10.48%	—	—
Current Drawdown Current decline from peak	-1.84%	-0.41%	-1.43%
Average Drawdown Average peak-to-trough decline	-2.97%	-1.80%	-1.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.87%	—	—

Volatility

Volatility by Period

	CPAI	CTEF	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.50%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.14%	21.81%	-3.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.19%	21.81%	-2.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.19%	21.81%	-2.62%

CPAI vs. CTEF - Expense Ratio Comparison

CPAI has a 0.75% expense ratio, which is higher than CTEF's 0.45% expense ratio.

Dividends

CPAI vs. CTEF - Dividend Comparison

CPAI's dividend yield for the trailing twelve months is around 0.70%, more than CTEF's 0.06% yield.

Position	TTM	2025	2024	2023
CPAI Counterpoint Quantitative Equity ETF	0.70%	0.89%	0.41%	0.06%
CTEF Castellan Targeted Equity ETF	0.06%	0.08%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CPAI and CTEF in my portfolio?

CPAI and CTEF have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CPAI or CTEF?

On fees, CTEF is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CPAI or CTEF?

CTEF is cheaper with a 0.45% expense ratio, compared with 0.75% for CPAI.

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

CPAI has the higher dividend yield at 0.70%, compared with 0.06% for CTEF.

What is the main difference between CPAI and CTEF?

They also come from different issuers: Counterpoint Funds and Castellan. Their fees differ too: 0.75% for CPAI and 0.45% for CTEF.