CPIEX vs. DBMF
Compare and contrast key facts about Counterpoint Tactical Equity Fund (CPIEX) and iM DBi Managed Futures Strategy ETF (DBMF).
CPIEX is managed by Counterpoint Mutual Funds. It was launched on Nov 29, 2015. DBMF is an actively managed fund by Litman Gregory Capital Partners LLC. It was launched on May 8, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CPIEX or DBMF.
Key characteristics
| CPIEX | DBMF | |
|---|---|---|
| YTD Return | 28.94% | 10.19% |
| 1Y Return | 30.23% | 3.39% |
| 3Y Return (Ann) | 24.83% | 7.40% |
| 5Y Return (Ann) | 12.49% | 7.68% |
| Sharpe Ratio | 2.90 | 0.35 |
| Daily Std Dev | 10.75% | 11.66% |
| Max Drawdown | -48.20% | -20.39% |
| Current Drawdown | 0.00% | -9.52% |
Correlation
The correlation between CPIEX and DBMF is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CPIEX vs. DBMF - Performance Comparison
In the year-to-date period, CPIEX achieves a 28.94% return, which is significantly higher than DBMF's 10.19% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CPIEX vs. DBMF - Expense Ratio Comparison
CPIEX has a 1.75% expense ratio, which is higher than DBMF's 0.85% expense ratio.
Risk-Adjusted Performance
CPIEX vs. DBMF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Counterpoint Tactical Equity Fund (CPIEX) and iM DBi Managed Futures Strategy ETF (DBMF). 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.
Dividends
CPIEX vs. DBMF - Dividend Comparison
CPIEX's dividend yield for the trailing twelve months is around 1.90%, less than DBMF's 4.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
CPIEX Counterpoint Tactical Equity Fund | 1.90% | 2.44% | 3.05% | 0.00% | 0.00% | 0.00% | 3.40% | 5.93% |
DBMF iM DBi Managed Futures Strategy ETF | 4.15% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% | 0.00% | 0.00% |
Drawdowns
CPIEX vs. DBMF - Drawdown Comparison
The maximum CPIEX drawdown since its inception was -48.20%, which is greater than DBMF's maximum drawdown of -20.39%. Use the drawdown chart below to compare losses from any high point for CPIEX and DBMF. For additional features, visit the drawdowns tool.
Volatility
CPIEX vs. DBMF - Volatility Comparison
Counterpoint Tactical Equity Fund (CPIEX) has a higher volatility of 3.48% compared to iM DBi Managed Futures Strategy ETF (DBMF) at 1.93%. This indicates that CPIEX's price experiences larger fluctuations and is considered to be riskier than DBMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.