CPAI vs. SCHM

Last updated Jun 24, 2026

CPAI (Counterpoint Quantitative Equity ETF) and SCHM (Schwab US Mid-Cap ETF) are both Mid Cap Blend Equities funds. CPAI is actively managed, while SCHM is passively managed. Over the past year, CPAI returned 41.30% vs 31.33% for SCHM. Their correlation of 0.81 suggests significant overlap in exposure. CPAI charges 0.75%/yr vs 0.04%/yr for SCHM.

Performance

CPAI vs. SCHM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Counterpoint Quantitative Equity ETF (CPAI) and Schwab US Mid-Cap ETF (SCHM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CPAI achieves a 25.79% return, which is significantly higher than SCHM's 19.11% return.

CPAI

• 1D: -1.85%
• 1M: 2.40%
• YTD: 25.79%
• 6M: 24.67%
• 1Y: 41.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCHM

• 1D: -1.73%
• 1M: 2.88%
• YTD: 19.11%
• 6M: 16.97%
• 1Y: 31.33%
• 3Y*: 17.85%
• 5Y*: 8.08%
• 10Y*: 11.71%

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

CPAI vs. SCHM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CPAI Counterpoint Quantitative Equity ETF	25.79%	17.79%	28.37%	5.67%
SCHM Schwab US Mid-Cap ETF	19.11%	10.17%	11.98%	10.01%

Correlation

The correlation between CPAI and SCHM is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (All Time) Calculated using the full available price history since Nov 29, 2023	0.81

The correlation between CPAI and SCHM has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.

CPAI vs. SCHM - Sectors Allocation Comparison

Sectors	CPAI	SCHM
Technology	48.5%	22.1%
Healthcare	15.4%	10.9%
Consumer Defensive	8.0%	3.4%
Industrials	7.4%	21.7%
Communication Services	7.2%	2.6%
Financial Services	3.8%	10.9%
Consumer Cyclical	3.6%	10.8%
Basic Materials	3.1%	4.7%
Energy	3.1%	3.4%
Real Estate	-	6.4%
Utilities	-	2.9%

Return for Risk

CPAI vs. SCHM — Risk / Return Rank

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

CPAI

CPAI Risk / Return Rank: 73
CPAI Sharpe Ratio Rank: 73
CPAI Sortino Ratio Rank: 66
CPAI Omega Ratio Rank: 66
CPAI Calmar Ratio Rank: 81
CPAI Martin Ratio Rank: 78

SCHM

SCHM Risk / Return Rank: 64
SCHM Sharpe Ratio Rank: 60
SCHM Sortino Ratio Rank: 60
SCHM Omega Ratio Rank: 56
SCHM Calmar Ratio Rank: 70
SCHM Martin Ratio Rank: 74

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. SCHM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Counterpoint Quantitative Equity ETF (CPAI) and Schwab US Mid-Cap ETF (SCHM). 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	SCHM	Difference
Sharpe ratio: Return per unit of total volatility	2.16	1.93	+0.23
Sortino ratio: Return per unit of downside risk	2.84	2.72	+0.12
Omega ratio: Gain probability vs. loss probability	1.37	1.34	+0.03
Calmar ratio: Return relative to maximum drawdown	3.96	3.38	+0.58
Martin ratio: Return relative to average drawdown	13.92	13.48	+0.44

CPAI vs. SCHM - Sharpe Ratio Comparison

The current CPAI Sharpe Ratio is 2.16, which is comparable to the SCHM Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of CPAI and SCHM, 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. SCHM - Drawdown Comparison

The maximum CPAI drawdown since its inception was -21.46%, smaller than the maximum SCHM drawdown of -42.43%. Use the drawdown chart below to compare losses from any high point for CPAI and SCHM.

Drawdown Indicators

	CPAI	SCHM	Difference
Max Drawdown Largest peak-to-trough decline	-21.46%	-42.43%	+20.97%
Max Drawdown (1Y) Largest decline over 1 year	-10.48%	-9.32%	-1.16%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.27%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.43%	—
Current Drawdown Current decline from peak	-3.09%	-1.73%	-1.36%
Average Drawdown Average peak-to-trough decline	-2.98%	-5.64%	+2.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	2.33%	+0.64%

Volatility

CPAI vs. SCHM - Volatility Comparison

Counterpoint Quantitative Equity ETF (CPAI) has a higher volatility of 7.96% compared to Schwab US Mid-Cap ETF (SCHM) at 5.75%. This indicates that CPAI's price experiences larger fluctuations and is considered to be riskier than SCHM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPAI	SCHM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.96%	5.75%	+2.21%
Volatility (6M) Calculated over the trailing 6-month period	15.81%	12.61%	+3.20%
Volatility (1Y) Calculated over the trailing 1-year period	19.18%	16.30%	+2.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.47%	19.67%	-0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.47%	20.49%	-1.02%

CPAI vs. SCHM - Expense Ratio Comparison

CPAI has a 0.75% expense ratio, which is higher than SCHM's 0.04% expense ratio.

Dividends

CPAI vs. SCHM - Dividend Comparison

CPAI's dividend yield for the trailing twelve months is around 0.71%, less than SCHM's 1.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CPAI Counterpoint Quantitative Equity ETF	0.71%	0.89%	0.41%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHM Schwab US Mid-Cap ETF	1.22%	1.46%	1.43%	1.50%	1.67%	1.13%	1.31%	1.48%	1.56%	1.27%	1.51%	1.54%

Frequently Asked Questions

Can I hold both CPAI and SCHM in my portfolio?

CPAI and SCHM have a correlation of 0.75, 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 SCHM?

CPAI has higher volatility (7.96%) compared to SCHM (5.75%). In terms of maximum drawdown, CPAI dropped -21.46% vs SCHM's -42.43%.

Which ETF is better, CPAI or SCHM?

On 1-year performance, CPAI leads with 41.30% vs 31.33% for SCHM. On fees, SCHM is cheaper at 0.04% per year. On volatility, SCHM has been the lower-risk option at 5.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CPAI or SCHM?

Over the 1-year period, CPAI has performed better with a 41.30% return vs 31.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CPAI or SCHM?

SCHM is cheaper with a 0.04% expense ratio, compared with 0.75% for CPAI.

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

SCHM has the higher dividend yield at 1.22%, compared with 0.71% for CPAI.

What is the main difference between CPAI and SCHM?

They also come from different issuers: Counterpoint Funds and Charles Schwab. Their fees differ too: 0.75% for CPAI and 0.04% for SCHM.

Which has better risk-adjusted returns?

CPAI currently has the higher Sharpe Ratio (2.16 vs 1.93), 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.