CPAI vs. EFAV

Last updated Jun 4, 2026

CPAI (Counterpoint Quantitative Equity ETF) and EFAV (iShares Edge MSCI Min Vol EAFE ETF) are both exchange-traded funds - CPAI is a Mid Cap Blend Equities fund actively managed by Counterpoint Funds, while EFAV is a Foreign Large Cap Equities fund tracking the MSCI EAFE Minimum Volatility Index. CPAI is actively managed, while EFAV is passively managed. Over the past year, CPAI returned 45.47% vs 9.41% for EFAV. At a 0.42 correlation, their price movements are largely independent. CPAI charges 0.75%/yr vs 0.20%/yr for EFAV.

Performance

CPAI vs. EFAV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Counterpoint Quantitative Equity ETF (CPAI) and iShares Edge MSCI Min Vol EAFE ETF (EFAV). 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 higher than EFAV's 3.83% return.

CPAI

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

EFAV

• 1D: -0.68%
• 1M: -1.10%
• YTD: 3.83%
• 6M: 5.18%
• 1Y: 9.41%
• 3Y*: 12.87%
• 5Y*: 6.17%
• 10Y*: 5.93%

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

CPAI vs. EFAV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CPAI Counterpoint Quantitative Equity ETF	27.41%	17.79%	28.37%	6.69%
EFAV iShares Edge MSCI Min Vol EAFE ETF	3.83%	26.00%	5.30%	4.14%

Correlation

The correlation between CPAI and EFAV is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (All Time) Calculated using the full available price history since Nov 30, 2023	0.42

CPAI vs. EFAV - Sectors Allocation Comparison

Sectors	CPAI	EFAV
Technology	45.4%	4.5%
Healthcare	16.0%	12.4%
Consumer Defensive	9.5%	11.5%
Communication Services	7.9%	9.7%
Industrials	5.7%	15.1%
Financial Services	4.3%	19.9%
Consumer Cyclical	4.2%	5.2%
Energy	3.7%	8.2%
Basic Materials	3.3%	1.6%
Real Estate	-	2.9%
Utilities	-	9.1%

Return for Risk

CPAI vs. EFAV — 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

EFAV

EFAV Risk / Return Rank: 26
EFAV Sharpe Ratio Rank: 25
EFAV Sortino Ratio Rank: 24
EFAV Omega Ratio Rank: 24
EFAV Calmar Ratio Rank: 29
EFAV Martin Ratio Rank: 28

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. EFAV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Counterpoint Quantitative Equity ETF (CPAI) and iShares Edge MSCI Min Vol EAFE ETF (EFAV). 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	EFAV	Difference
Sharpe ratio: Return per unit of total volatility	2.52	0.92	+1.61
Sortino ratio: Return per unit of downside risk	3.33	1.33	+1.99
Omega ratio: Gain probability vs. loss probability	1.43	1.17	+0.26
Calmar ratio: Return relative to maximum drawdown	4.36	1.46	+2.90
Martin ratio: Return relative to average drawdown	15.90	4.10	+11.80
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. EFAV - Sharpe Ratio Comparison

The current CPAI Sharpe Ratio is 2.52, which is higher than the EFAV Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of CPAI and EFAV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CPAI	EFAV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	0.92	+1.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.53	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.78	0.53	+1.24

Drawdowns

CPAI vs. EFAV - Drawdown Comparison

The maximum CPAI drawdown since its inception was -21.46%, smaller than the maximum EFAV drawdown of -27.56%. Use the drawdown chart below to compare losses from any high point for CPAI and EFAV.

Drawdown Indicators

	CPAI	EFAV	Difference
Max Drawdown Largest peak-to-trough decline	-21.46%	-27.56%	+6.10%
Max Drawdown (1Y) Largest decline over 1 year	-10.48%	-6.46%	-4.02%
Max Drawdown (3Y) Largest decline over 3 years	—	-8.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.56%	—
Current Drawdown Current decline from peak	-1.84%	-5.61%	+3.77%
Average Drawdown Average peak-to-trough decline	-2.97%	-4.77%	+1.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.87%	2.30%	+0.57%

Volatility

CPAI vs. EFAV - Volatility Comparison

Counterpoint Quantitative Equity ETF (CPAI) has a higher volatility of 5.35% compared to iShares Edge MSCI Min Vol EAFE ETF (EFAV) at 3.17%. This indicates that CPAI's price experiences larger fluctuations and is considered to be riskier than EFAV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPAI	EFAV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.35%	3.17%	+2.18%
Volatility (6M) Calculated over the trailing 6-month period	14.50%	8.17%	+6.33%
Volatility (1Y) Calculated over the trailing 1-year period	18.14%	10.35%	+7.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.19%	11.79%	+7.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.19%	13.21%	+5.98%

CPAI vs. EFAV - Expense Ratio Comparison

CPAI has a 0.75% expense ratio, which is higher than EFAV's 0.20% expense ratio.

Dividends

CPAI vs. EFAV - Dividend Comparison

CPAI's dividend yield for the trailing twelve months is around 0.70%, less than EFAV's 3.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CPAI Counterpoint Quantitative Equity ETF	0.70%	0.89%	0.41%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EFAV iShares Edge MSCI Min Vol EAFE ETF	3.08%	3.20%	3.24%	3.08%	2.53%	2.47%	1.33%	4.19%	3.34%	2.45%	3.94%	2.49%

Frequently Asked Questions

Can I hold both CPAI and EFAV in my portfolio?

CPAI and EFAV have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CPAI or EFAV?

CPAI has higher volatility (5.35%) compared to EFAV (3.17%). In terms of maximum drawdown, CPAI dropped -21.46% vs EFAV's -27.56%.

Which ETF is better, CPAI or EFAV?

On 1-year performance, CPAI leads with 45.47% vs 9.41% for EFAV. On fees, EFAV is cheaper at 0.20% per year. On volatility, EFAV has been the lower-risk option at 3.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CPAI or EFAV?

Over the 1-year period, CPAI has performed better with a 45.47% return vs 9.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CPAI or EFAV?

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

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

EFAV has the higher dividend yield at 3.08%, compared with 0.70% for CPAI.

What is the main difference between CPAI and EFAV?

CPAI is categorized as Mid Cap Blend Equities, while EFAV is Foreign Large Cap Equities. They also come from different issuers: Counterpoint Funds and iShares. Their fees differ too: 0.75% for CPAI and 0.20% for EFAV.

Which has better risk-adjusted returns?

CPAI currently has the higher Sharpe Ratio (2.52 vs 0.92), 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.