CPAI vs. FOXY

Last updated Jun 4, 2026

CPAI (Counterpoint Quantitative Equity ETF) and FOXY (Simplify Currency Strategy ETF) are both exchange-traded funds - CPAI is a Mid Cap Blend Equities fund actively managed by Counterpoint Funds, while FOXY is a Leveraged Currency fund actively managed by Simplify. Both are actively managed. Over the past year, CPAI returned 45.47% vs 20.91% for FOXY. At a 0.19 correlation, their price movements are largely independent. CPAI charges 0.75%/yr vs 0.81%/yr for FOXY.

Performance

CPAI vs. FOXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Counterpoint Quantitative Equity ETF (CPAI) and Simplify Currency Strategy ETF (FOXY). 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 FOXY's 11.55% return.

CPAI

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

FOXY

• 1D: 0.27%
• 1M: 1.51%
• YTD: 11.55%
• 6M: 7.50%
• 1Y: 20.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CPAI vs. FOXY - Yearly Performance Comparison

	2026 (YTD)	2025
CPAI Counterpoint Quantitative Equity ETF	27.41%	9.06%
FOXY Simplify Currency Strategy ETF	11.55%	14.75%

Correlation

The correlation between CPAI and FOXY is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (All Time) Calculated using the full available price history since Feb 5, 2025	0.19

CPAI vs. FOXY - Sectors Allocation Comparison

Sectors	CPAI	FOXY
Technology	45.4%	-
Healthcare	16.0%	-
Consumer Defensive	9.5%	-
Communication Services	7.9%	-
Industrials	5.7%	-
Financial Services	4.3%	75.1%
Consumer Cyclical	4.2%	-
Energy	3.7%	-
Basic Materials	3.3%	-
Real Estate	-	-
Utilities	-	-

Return for Risk

CPAI vs. FOXY — 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

FOXY

FOXY Risk / Return Rank: 70
FOXY Sharpe Ratio Rank: 63
FOXY Sortino Ratio Rank: 68
FOXY Omega Ratio Rank: 62
FOXY Calmar Ratio Rank: 86
FOXY Martin Ratio Rank: 72

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. FOXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Counterpoint Quantitative Equity ETF (CPAI) and Simplify Currency Strategy ETF (FOXY). 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	FOXY	Difference
Sharpe ratio: Return per unit of total volatility	2.52	2.13	+0.40
Sortino ratio: Return per unit of downside risk	3.33	3.15	+0.18
Omega ratio: Gain probability vs. loss probability	1.43	1.38	+0.04
Calmar ratio: Return relative to maximum drawdown	4.36	4.86	-0.50
Martin ratio: Return relative to average drawdown	15.90	13.60	+2.30
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. FOXY - Sharpe Ratio Comparison

The current CPAI Sharpe Ratio is 2.52, which is comparable to the FOXY Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of CPAI and FOXY, 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	FOXY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	2.13	+0.40
Sharpe Ratio (All Time) Calculated using the full available price history	1.78	1.37	+0.41

Drawdowns

CPAI vs. FOXY - Drawdown Comparison

The maximum CPAI drawdown since its inception was -21.46%, which is greater than FOXY's maximum drawdown of -13.09%. Use the drawdown chart below to compare losses from any high point for CPAI and FOXY.

Drawdown Indicators

	CPAI	FOXY	Difference
Max Drawdown Largest peak-to-trough decline	-21.46%	-13.09%	-8.37%
Max Drawdown (1Y) Largest decline over 1 year	-10.48%	-4.32%	-6.16%
Current Drawdown Current decline from peak	-1.84%	-1.32%	-0.52%
Average Drawdown Average peak-to-trough decline	-2.97%	-2.11%	-0.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.87%	1.54%	+1.33%

Volatility

CPAI vs. FOXY - Volatility Comparison

Counterpoint Quantitative Equity ETF (CPAI) has a higher volatility of 5.35% compared to Simplify Currency Strategy ETF (FOXY) at 2.17%. This indicates that CPAI's price experiences larger fluctuations and is considered to be riskier than FOXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPAI	FOXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.35%	2.17%	+3.18%
Volatility (6M) Calculated over the trailing 6-month period	14.50%	7.42%	+7.08%
Volatility (1Y) Calculated over the trailing 1-year period	18.14%	9.99%	+8.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.19%	15.07%	+4.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.19%	15.07%	+4.12%

CPAI vs. FOXY - Expense Ratio Comparison

CPAI has a 0.75% expense ratio, which is lower than FOXY's 0.81% expense ratio.

Dividends

CPAI vs. FOXY - Dividend Comparison

CPAI's dividend yield for the trailing twelve months is around 0.70%, less than FOXY's 8.14% yield.

Position	TTM	2025	2024	2023
CPAI Counterpoint Quantitative Equity ETF	0.70%	0.89%	0.41%	0.06%
FOXY Simplify Currency Strategy ETF	8.14%	5.51%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CPAI and FOXY in my portfolio?

CPAI and FOXY have a correlation of 0.13, 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 FOXY?

CPAI has higher volatility (5.35%) compared to FOXY (2.17%). In terms of maximum drawdown, CPAI dropped -21.46% vs FOXY's -13.09%.

Which ETF is better, CPAI or FOXY?

On 1-year performance, CPAI leads with 45.47% vs 20.91% for FOXY. On fees, CPAI is cheaper at 0.75% per year. On volatility, FOXY has been the lower-risk option at 2.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CPAI or FOXY?

Over the 1-year period, CPAI has performed better with a 45.47% return vs 20.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CPAI or FOXY?

CPAI is cheaper with a 0.75% expense ratio, compared with 0.81% for FOXY.

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

FOXY has the higher dividend yield at 8.14%, compared with 0.70% for CPAI.

What is the main difference between CPAI and FOXY?

CPAI is categorized as Mid Cap Blend Equities, while FOXY is Leveraged Currency. They also come from different issuers: Counterpoint Funds and Simplify. Their fees differ too: 0.75% for CPAI and 0.81% for FOXY.

Which has better risk-adjusted returns?

CPAI currently has the higher Sharpe Ratio (2.52 vs 2.12), 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.