CPAI vs. EFA

Last updated Apr 1, 2026

Compare and contrast key facts about Counterpoint Quantitative Equity ETF (CPAI) and iShares MSCI EAFE ETF (EFA).

CPAI and EFA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CPAI is an actively managed fund by Counterpoint Funds. It was launched on Nov 28, 2023. EFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Index. It was launched on Aug 14, 2001.

Performance

CPAI vs. EFA - Performance Comparison

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

CPAI vs. EFA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CPAI Counterpoint Quantitative Equity ETF	4.21%	17.79%	28.37%	6.69%
EFA iShares MSCI EAFE ETF	1.15%	31.55%	3.49%	5.26%

Returns By Period

In the year-to-date period, CPAI achieves a 4.21% return, which is significantly higher than EFA's 1.15% return.

CPAI

• 1D: 3.44%
• 1M: -6.20%
• YTD: 4.21%
• 6M: 6.74%
• 1Y: 25.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EFA

• 1D: 3.25%
• 1M: -7.83%
• YTD: 1.15%
• 6M: 5.91%
• 1Y: 23.09%
• 3Y*: 14.36%
• 5Y*: 8.10%
• 10Y*: 8.77%

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

CPAI vs. EFA - Expense Ratio Comparison

CPAI has a 0.75% expense ratio, which is higher than EFA's 0.32% expense ratio.

CPAI

Counterpoint Quantitative Equity ETF

EFA

iShares MSCI EAFE ETF

Return for Risk

CPAI vs. EFA — Risk / Return Rank

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

CPAI

CPAI Risk / Return Rank: 68
CPAI Sharpe Ratio Rank: 66
CPAI Sortino Ratio Rank: 64
CPAI Omega Ratio Rank: 64
CPAI Calmar Ratio Rank: 73
CPAI Martin Ratio Rank: 71

EFA

EFA Risk / Return Rank: 76
EFA Sharpe Ratio Rank: 76
EFA Sortino Ratio Rank: 77
EFA Omega Ratio Rank: 76
EFA Calmar Ratio Rank: 77
EFA Martin Ratio Rank: 75

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. EFA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Counterpoint Quantitative Equity ETF (CPAI) and iShares MSCI EAFE ETF (EFA). 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	EFA	Difference
Sharpe ratio Return per unit of total volatility	1.17	1.31	-0.14
Sortino ratio Return per unit of downside risk	1.65	1.87	-0.23
Omega ratio Gain probability vs. loss probability	1.24	1.27	-0.04
Calmar ratio Return relative to maximum drawdown	1.89	1.93	-0.03
Martin ratio Return relative to average drawdown	7.33	7.39	-0.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CPAI vs. EFA - Sharpe Ratio Comparison

The current CPAI Sharpe Ratio is 1.17, which is comparable to the EFA Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of CPAI and EFA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CPAI	EFA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	1.31	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.50	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	0.30	+1.03

Correlation

The correlation between CPAI and EFA is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CPAI vs. EFA - Dividend Comparison

CPAI's dividend yield for the trailing twelve months is around 0.86%, less than EFA's 3.34% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CPAI Counterpoint Quantitative Equity ETF	0.86%	0.89%	0.41%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EFA iShares MSCI EAFE ETF	3.34%	3.38%	3.24%	2.98%	2.69%	3.33%	2.13%	3.10%	3.39%	2.57%	3.07%	2.76%

Drawdowns

CPAI vs. EFA - Drawdown Comparison

The maximum CPAI drawdown since its inception was -21.46%, smaller than the maximum EFA drawdown of -61.04%. Use the drawdown chart below to compare losses from any high point for CPAI and EFA.

Drawdown Indicators

	CPAI	EFA	Difference
Max Drawdown Largest peak-to-trough decline	-21.46%	-61.04%	+39.58%
Max Drawdown (1Y) Largest decline over 1 year	-13.63%	-11.42%	-2.21%
Max Drawdown (5Y) Largest decline over 5 years	—	-29.53%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.19%	—
Current Drawdown Current decline from peak	-7.40%	-8.07%	+0.67%
Average Drawdown Average peak-to-trough decline	-3.10%	-12.00%	+8.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.52%	2.98%	+0.54%

Volatility

CPAI vs. EFA - Volatility Comparison

Counterpoint Quantitative Equity ETF (CPAI) and iShares MSCI EAFE ETF (EFA) have volatilities of 7.88% and 7.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPAI	EFA	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.88%	7.92%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	14.94%	11.12%	+3.82%
Volatility (1Y) Calculated over the trailing 1-year period	22.20%	17.71%	+4.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.21%	16.31%	+2.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.21%	17.20%	+2.01%