CPAI vs. IWM
Compare and contrast key facts about Counterpoint Quantitative Equity ETF (CPAI) and iShares Russell 2000 ETF (IWM).
CPAI and IWM 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. IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000.
Performance
CPAI vs. IWM - Performance Comparison
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CPAI vs. IWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CPAI Counterpoint Quantitative Equity ETF | 4.21% | 17.79% | 28.37% | 6.69% |
IWM iShares Russell 2000 ETF | 0.93% | 12.66% | 11.38% | 12.55% |
Returns By Period
In the year-to-date period, CPAI achieves a 4.21% return, which is significantly higher than IWM's 0.93% return.
CPAI
- 1D
- 3.44%
- 1M
- -6.20%
- YTD
- 4.21%
- 6M
- 6.74%
- 1Y
- 25.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWM
- 1D
- 3.50%
- 1M
- -4.96%
- YTD
- 0.93%
- 6M
- 3.02%
- 1Y
- 25.66%
- 3Y*
- 12.94%
- 5Y*
- 3.34%
- 10Y*
- 9.76%
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CPAI vs. IWM - Expense Ratio Comparison
CPAI has a 0.75% expense ratio, which is higher than IWM's 0.19% expense ratio.
Return for Risk
CPAI vs. IWM — Risk / Return Rank
CPAI
IWM
CPAI vs. IWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Counterpoint Quantitative Equity ETF (CPAI) and iShares Russell 2000 ETF (IWM). 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 | IWM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 1.11 | +0.06 |
Sortino ratioReturn per unit of downside risk | 1.65 | 1.66 | -0.01 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.21 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.89 | 1.82 | +0.07 |
Martin ratioReturn relative to average drawdown | 7.33 | 6.76 | +0.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CPAI | IWM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 1.11 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.15 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.33 | 0.34 | +0.99 |
Correlation
The correlation between CPAI and IWM is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CPAI vs. IWM - Dividend Comparison
CPAI's dividend yield for the trailing twelve months is around 0.86%, less than IWM's 1.02% 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% |
IWM iShares Russell 2000 ETF | 1.02% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
Drawdowns
CPAI vs. IWM - Drawdown Comparison
The maximum CPAI drawdown since its inception was -21.46%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for CPAI and IWM.
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Drawdown Indicators
| CPAI | IWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.46% | -59.05% | +37.59% |
Max Drawdown (1Y)Largest decline over 1 year | -13.63% | -13.74% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.13% | — |
Current DrawdownCurrent decline from peak | -7.40% | -7.91% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -3.10% | -10.83% | +7.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 3.70% | -0.18% |
Volatility
CPAI vs. IWM - Volatility Comparison
Counterpoint Quantitative Equity ETF (CPAI) has a higher volatility of 7.88% compared to iShares Russell 2000 ETF (IWM) at 7.47%. This indicates that CPAI's price experiences larger fluctuations and is considered to be riskier than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CPAI | IWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.88% | 7.47% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 14.94% | 14.47% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.20% | 23.18% | -0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.21% | 22.55% | -3.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.21% | 22.99% | -3.78% |