CPIEX vs. BRK-B

Last updated Jun 5, 2026

CPIEX (Counterpoint Tactical Equity Fund) is Long-Short fund managed by Counterpoint Mutual Funds, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, CPIEX returned 8.95%/yr vs 12.93%/yr for BRK-B. At a 0.31 correlation, their price movements are largely independent.

Performance

CPIEX vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Counterpoint Tactical Equity Fund (CPIEX) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CPIEX achieves a 11.41% return, which is significantly higher than BRK-B's -4.78% return. Over the past 10 years, CPIEX has underperformed BRK-B with an annualized return of 8.95%, while BRK-B has yielded a comparatively higher 12.93% annualized return.

CPIEX

• 1D: 0.00%
• 1M: 4.82%
• YTD: 11.41%
• 6M: 12.68%
• 1Y: 17.47%
• 3Y*: 22.25%
• 5Y*: 23.37%
• 10Y*: 8.95%

BRK-B

• 1D: 0.69%
• 1M: 2.82%
• YTD: -4.78%
• 6M: -4.89%
• 1Y: -2.52%
• 3Y*: 13.36%
• 5Y*: 10.35%
• 10Y*: 12.93%

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

CPIEX vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CPIEX Counterpoint Tactical Equity Fund	11.41%	10.21%	37.75%	6.18%	12.15%	54.08%	-29.20%	-7.69%	-3.17%	14.15%
BRK-B Berkshire Hathaway Inc.	-4.78%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%

Correlation

The correlation between CPIEX and BRK-B is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.31

Over the past year, the correlation between CPIEX and BRK-B has dropped to 0.02 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.

Return for Risk

CPIEX vs. BRK-B — Risk / Return Rank

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

CPIEX

CPIEX Risk / Return Rank: 30
CPIEX Sharpe Ratio Rank: 26
CPIEX Sortino Ratio Rank: 24
CPIEX Omega Ratio Rank: 25
CPIEX Calmar Ratio Rank: 39
CPIEX Martin Ratio Rank: 37

BRK-B

BRK-B Risk / Return Rank: 31
BRK-B Sharpe Ratio Rank: 34
BRK-B Sortino Ratio Rank: 28
BRK-B Omega Ratio Rank: 27
BRK-B Calmar Ratio Rank: 33
BRK-B Martin Ratio Rank: 32

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.

CPIEX vs. BRK-B - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Counterpoint Tactical Equity Fund (CPIEX) and Berkshire Hathaway Inc. (BRK-B). 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.

	CPIEX	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	1.48	-0.18	+1.66
Sortino ratio: Return per unit of downside risk	2.06	-0.15	+2.21
Omega ratio: Gain probability vs. loss probability	1.26	0.98	+0.28
Calmar ratio: Return relative to maximum drawdown	2.36	-0.27	+2.63
Martin ratio: Return relative to average drawdown	8.06	-0.57	+8.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CPIEX vs. BRK-B - Sharpe Ratio Comparison

The current CPIEX Sharpe Ratio is 1.48, which is higher than the BRK-B Sharpe Ratio of -0.18. The chart below compares the historical Sharpe Ratios of CPIEX and BRK-B, 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

	CPIEX	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	-0.18	+1.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.87	0.61	+1.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.67	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.48	+0.14

Drawdowns

CPIEX vs. BRK-B - Drawdown Comparison

The maximum CPIEX drawdown since its inception was -48.20%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for CPIEX and BRK-B.

Drawdown Indicators

	CPIEX	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-48.20%	-53.86%	+5.66%
Max Drawdown (1Y) Largest decline over 1 year	-7.14%	-9.42%	+2.28%
Max Drawdown (3Y) Largest decline over 3 years	-7.30%	-14.95%	+7.65%
Max Drawdown (5Y) Largest decline over 5 years	-9.76%	-26.58%	+16.82%
Max Drawdown (10Y) Largest decline over 10 years	-48.20%	-29.57%	-18.63%
Current Drawdown Current decline from peak	0.00%	-11.33%	+11.33%
Average Drawdown Average peak-to-trough decline	-9.88%	-11.07%	+1.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	4.46%	-2.37%

Volatility

CPIEX vs. BRK-B - Volatility Comparison

The current volatility for Counterpoint Tactical Equity Fund (CPIEX) is 3.18%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 3.72%. This indicates that CPIEX experiences smaller price fluctuations and is considered to be less risky than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPIEX	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.18%	3.72%	-0.54%
Volatility (6M) Calculated over the trailing 6-month period	7.09%	10.70%	-3.61%
Volatility (1Y) Calculated over the trailing 1-year period	11.41%	14.32%	-2.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.59%	17.11%	-4.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.72%	19.43%	-6.71%

Dividends

CPIEX vs. BRK-B - Dividend Comparison

CPIEX's dividend yield for the trailing twelve months is around 4.99%, while BRK-B has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRK-B Berkshire Hathaway Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CPIEX Counterpoint Tactical Equity Fund	4.99%	5.56%	2.16%	2.44%	3.05%	0.00%	0.00%	0.00%	3.40%	5.93%

Frequently Asked Questions

Can I hold both CPIEX and BRK-B in my portfolio?

CPIEX and BRK-B have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CPIEX or BRK-B?

BRK-B has higher volatility (3.72%) compared to CPIEX (3.18%). In terms of maximum drawdown, CPIEX dropped -48.20% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

CPIEX currently has the higher Sharpe Ratio (1.48 vs -0.18), 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.