CPIEX vs. MMTM
Compare and contrast key facts about Counterpoint Tactical Equity Fund (CPIEX) and SPDR S&P 1500 Momentum Tilt ETF (MMTM).
CPIEX is managed by Counterpoint Mutual Funds. It was launched on Nov 29, 2015. MMTM is a passively managed fund by State Street that tracks the performance of the S&P 1500 Positive Momentum Tilt Index. It was launched on Oct 24, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CPIEX or MMTM.
Correlation
The correlation between CPIEX and MMTM is 0.40, 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. MMTM - Performance Comparison
Key characteristics
CPIEX:
2.30
MMTM:
1.56
CPIEX:
3.04
MMTM:
2.16
CPIEX:
1.42
MMTM:
1.28
CPIEX:
3.81
MMTM:
2.36
CPIEX:
12.30
MMTM:
9.40
CPIEX:
2.41%
MMTM:
2.75%
CPIEX:
12.92%
MMTM:
16.64%
CPIEX:
-50.21%
MMTM:
-33.85%
CPIEX:
-1.52%
MMTM:
0.00%
Returns By Period
In the year-to-date period, CPIEX achieves a 5.84% return, which is significantly higher than MMTM's 5.20% return.
CPIEX
5.84%
1.43%
12.43%
31.21%
12.49%
N/A
MMTM
5.20%
2.47%
10.98%
27.98%
15.25%
15.39%
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CPIEX vs. MMTM - Expense Ratio Comparison
CPIEX has a 1.75% expense ratio, which is higher than MMTM's 0.12% expense ratio.
Risk-Adjusted Performance
CPIEX vs. MMTM — Risk-Adjusted Performance Rank
CPIEX
MMTM
CPIEX vs. MMTM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Counterpoint Tactical Equity Fund (CPIEX) and SPDR S&P 1500 Momentum Tilt ETF (MMTM). 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. MMTM - Dividend Comparison
CPIEX's dividend yield for the trailing twelve months is around 0.07%, less than MMTM's 0.79% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPIEX Counterpoint Tactical Equity Fund | 0.07% | 0.08% | 2.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MMTM SPDR S&P 1500 Momentum Tilt ETF | 0.79% | 0.83% | 1.16% | 1.67% | 0.95% | 1.14% | 1.55% | 1.63% | 1.52% | 1.98% | 1.68% | 1.54% |
Drawdowns
CPIEX vs. MMTM - Drawdown Comparison
The maximum CPIEX drawdown since its inception was -50.21%, which is greater than MMTM's maximum drawdown of -33.85%. Use the drawdown chart below to compare losses from any high point for CPIEX and MMTM. For additional features, visit the drawdowns tool.
Volatility
CPIEX vs. MMTM - Volatility Comparison
The current volatility for Counterpoint Tactical Equity Fund (CPIEX) is 3.03%, while SPDR S&P 1500 Momentum Tilt ETF (MMTM) has a volatility of 5.09%. This indicates that CPIEX experiences smaller price fluctuations and is considered to be less risky than MMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.