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 moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CPIEX vs. MMTM - Performance Comparison
Key characteristics
CPIEX:
1.52
MMTM:
-0.24
CPIEX:
2.04
MMTM:
-0.18
CPIEX:
1.27
MMTM:
0.98
CPIEX:
2.58
MMTM:
-0.23
CPIEX:
6.92
MMTM:
-1.05
CPIEX:
2.91%
MMTM:
4.50%
CPIEX:
13.27%
MMTM:
20.03%
CPIEX:
-50.21%
MMTM:
-33.85%
CPIEX:
-3.25%
MMTM:
-20.98%
Returns By Period
In the year-to-date period, CPIEX achieves a 3.98% return, which is significantly higher than MMTM's -16.87% return.
CPIEX
3.98%
0.13%
7.21%
21.49%
14.97%
N/A
MMTM
-16.87%
-14.57%
-14.15%
-3.41%
16.46%
12.42%
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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 1.08% 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 | 1.08% | 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 3.05%, while SPDR S&P 1500 Momentum Tilt ETF (MMTM) has a volatility of 11.11%. 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.