CPAI vs. ITAN

Last updated Aug 2, 2026

CPAI (Counterpoint Quantitative Equity ETF) and ITAN (Sparkline Intangible Value ETF) are both exchange-traded funds - CPAI is a Mid Cap Blend Equities fund actively managed by Counterpoint, while ITAN is a Large Cap Value Equities fund actively managed by Sparkline. Both are actively managed. Over the past year, CPAI returned 44.76% vs 36.02% for ITAN. Their 0.74 correlation means they have sometimes moved together and sometimes differently. CPAI charges 0.75%/yr vs 0.50%/yr for ITAN.

Performance

CPAI vs. ITAN - Performance Comparison

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

Returns By Period

In the year-to-date period, CPAI achieves a 26.13% return, which is significantly higher than ITAN's 16.15% return.

CPAI

• 1D: -0.55%
• 1M: -0.84%
• 6M: 17.38%
• YTD: 26.13%
• 1Y: 44.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 30.02%

ITAN

• 1D: 1.02%
• 1M: 1.85%
• 6M: 13.28%
• YTD: 16.15%
• 1Y: 36.02%
• 3Y*: 20.69%
• 5Y*: 12.16%
• 10Y*: —
• ALL TIME*: 12.19%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CPAI Counterpoint Quantitative Equity ETF	$4.18M	$3.24M	$3.18M
ITAN Sparkline Intangible Value ETF	$1.57M	$914.52K	$523.15K

CPAI vs. ITAN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CPAI Counterpoint Quantitative Equity ETF	26.13%	17.79%	28.37%	5.67%
ITAN Sparkline Intangible Value ETF	16.15%	20.46%	17.76%	8.11%

Correlation

The correlation between CPAI and ITAN is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.68
Correlation (All Time) Calculated using the full available price history since Nov 29, 2023	0.74

The correlation between CPAI and ITAN has been stable across timeframes, ranging from 0.68 to 0.74 - a consistent structural relationship.

CPAI vs. ITAN - Sectors Allocation Comparison

Sectors	CPAI	ITAN
Technology	34.1%	31.3%
Healthcare	28.0%	18.5%
Energy	12.0%	0.7%
Industrials	8.1%	12.8%
Consumer Defensive	4.1%	3.8%
Communication Services	4.0%	13.5%
Basic Materials	3.9%	1.5%
Consumer Cyclical	3.9%	13.0%
Real Estate	2.0%	0.4%
Financial Services	1.9%	4.5%
Utilities	-	-

Return for Risk

CPAI vs. ITAN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CPAI

CPAI Risk / Return Rank: 88
CPAI Sharpe Ratio Rank: 89
CPAI Sortino Ratio Rank: 86
CPAI Omega Ratio Rank: 85
CPAI Calmar Ratio Rank: 91
CPAI Martin Ratio Rank: 91

ITAN

ITAN Risk / Return Rank: 89
ITAN Sharpe Ratio Rank: 91
ITAN Sortino Ratio Rank: 90
ITAN Omega Ratio Rank: 88
ITAN Calmar Ratio Rank: 89
ITAN Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CPAI vs. ITAN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Counterpoint Quantitative Equity ETF (CPAI) and Sparkline Intangible Value ETF (ITAN). 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.

	CPAI	ITAN	Difference
Sharpe ratio: Return per unit of total volatility	2.19	2.30	-0.11
Sortino ratio: Return per unit of downside risk	2.88	3.12	-0.24
Omega ratio: Gain probability vs. loss probability	1.37	1.39	-0.02
Calmar ratio: Return relative to maximum drawdown	4.10	3.74	+0.36
Martin ratio: Return relative to average drawdown	14.90	13.81	+1.09

CPAI vs. ITAN - Sharpe Ratio Comparison

The current CPAI Sharpe Ratio is 2.19, which is comparable to the ITAN Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of CPAI and ITAN, 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

CPAI vs. ITAN - Drawdown Comparison

The maximum CPAI drawdown since its inception was -21.46%, smaller than the maximum ITAN drawdown of -30.41%. Use the drawdown chart below to compare losses from any high point for CPAI and ITAN.

Drawdown Indicators

	CPAI	ITAN	Difference
Max Drawdown Largest peak-to-trough decline	-21.46%	-30.41%	+8.95%
Max Drawdown (1Y) Largest decline over 1 year	-10.48%	-9.03%	-1.45%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.47%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-30.41%	—
Current Drawdown Current decline from peak	-2.82%	-0.24%	-2.58%
Average Drawdown Average peak-to-trough decline	-2.96%	-7.45%	+4.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.88%	2.44%	+0.44%

Volatility

CPAI vs. ITAN - Volatility Comparison

Counterpoint Quantitative Equity ETF (CPAI) has a higher volatility of 5.82% compared to Sparkline Intangible Value ETF (ITAN) at 3.67%. This indicates that CPAI's price experiences larger fluctuations and is considered to be riskier than ITAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPAI	ITAN	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.82%	3.67%	+2.15%
Volatility (6M) Calculated over the trailing 6-month period	16.27%	10.86%	+5.41%
Volatility (1Y) Calculated over the trailing 1-year period	19.63%	14.74%	+4.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.43%	19.02%	+0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.43%	18.91%	+0.52%

CPAI vs. ITAN - Expense Ratio Comparison

CPAI has a 0.75% expense ratio, which is higher than ITAN's 0.50% expense ratio.

Dividends

CPAI vs. ITAN - Dividend Comparison

CPAI's dividend yield for the trailing twelve months is around 0.71%, less than ITAN's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021
CPAI Counterpoint Quantitative Equity ETF	0.71%	0.89%	0.41%	0.06%	0.00%	0.00%
ITAN Sparkline Intangible Value ETF	1.03%	0.94%	1.14%	1.01%	0.57%	0.45%

Frequently Asked Questions

Can I hold both CPAI and ITAN in my portfolio?

CPAI and ITAN have a correlation of 0.68, 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 ITAN?

CPAI has higher volatility (5.82%) compared to ITAN (3.67%). In terms of maximum drawdown, CPAI dropped -21.46% vs ITAN's -30.41%.

Which ETF is better, CPAI or ITAN?

On 1-year performance, CPAI leads with 44.76% vs 36.02% for ITAN. On fees, ITAN is cheaper at 0.50% per year. On volatility, ITAN has been the lower-risk option at 3.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CPAI or ITAN?

Over the 1-year period, CPAI has performed better with a 44.76% return vs 36.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CPAI or ITAN?

ITAN is cheaper with a 0.50% expense ratio, compared with 0.75% for CPAI.

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

ITAN has the higher dividend yield at 1.03%, compared with 0.71% for CPAI.

What is the main difference between CPAI and ITAN?

CPAI is categorized as Mid Cap Blend Equities, while ITAN is Large Cap Value Equities. They also come from different issuers: Counterpoint and Sparkline. Their fees differ too: 0.75% for CPAI and 0.50% for ITAN.

Which has better risk-adjusted returns?

ITAN currently has the higher Sharpe Ratio (2.30 vs 2.19), 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.