Correlation
The correlation between CPIEX and QMNNX is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
CPIEX vs. QMNNX
Compare and contrast key facts about Counterpoint Tactical Equity Fund (CPIEX) and AQR Equity Market Neutral Fund N (QMNNX).
CPIEX is managed by Counterpoint Mutual Funds. It was launched on Nov 29, 2015. QMNNX is managed by AQR Funds. It was launched on Oct 7, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CPIEX or QMNNX.
Performance
CPIEX vs. QMNNX - Performance Comparison
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Key characteristics
CPIEX:
1.52
QMNNX:
3.38
CPIEX:
2.25
QMNNX:
4.90
CPIEX:
1.29
QMNNX:
1.70
CPIEX:
2.81
QMNNX:
5.17
CPIEX:
8.66
QMNNX:
18.98
CPIEX:
2.37%
QMNNX:
1.22%
CPIEX:
12.51%
QMNNX:
6.51%
CPIEX:
-48.20%
QMNNX:
-39.22%
CPIEX:
-2.00%
QMNNX:
-0.18%
Returns By Period
In the year-to-date period, CPIEX achieves a 4.07% return, which is significantly lower than QMNNX's 13.89% return.
CPIEX
4.07%
-0.65%
1.26%
18.90%
14.98%
17.79%
N/A
QMNNX
13.89%
2.76%
16.19%
21.81%
18.36%
18.04%
6.84%
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CPIEX vs. QMNNX - Expense Ratio Comparison
CPIEX has a 1.75% expense ratio, which is lower than QMNNX's 5.28% expense ratio.
Risk-Adjusted Performance
CPIEX vs. QMNNX — Risk-Adjusted Performance Rank
CPIEX
QMNNX
CPIEX vs. QMNNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Counterpoint Tactical Equity Fund (CPIEX) and AQR Equity Market Neutral Fund N (QMNNX). 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.
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Dividends
CPIEX vs. QMNNX - Dividend Comparison
CPIEX's dividend yield for the trailing twelve months is around 2.08%, less than QMNNX's 5.33% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPIEX Counterpoint Tactical Equity Fund | 2.08% | 2.16% | 2.44% | 3.05% | 0.00% | 0.00% | 0.00% | 3.40% | 5.93% | 0.00% | 0.00% | 0.00% |
QMNNX AQR Equity Market Neutral Fund N | 5.33% | 6.07% | 21.59% | 5.78% | 1.41% | 17.64% | 3.86% | 0.49% | 3.37% | 1.19% | 2.50% | 5.79% |
Drawdowns
CPIEX vs. QMNNX - Drawdown Comparison
The maximum CPIEX drawdown since its inception was -48.20%, which is greater than QMNNX's maximum drawdown of -39.22%. Use the drawdown chart below to compare losses from any high point for CPIEX and QMNNX.
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Volatility
CPIEX vs. QMNNX - Volatility Comparison
Counterpoint Tactical Equity Fund (CPIEX) has a higher volatility of 2.17% compared to AQR Equity Market Neutral Fund N (QMNNX) at 1.21%. This indicates that CPIEX's price experiences larger fluctuations and is considered to be riskier than QMNNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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