CPIEX vs. SGOV

Last updated Apr 2, 2026

Compare and contrast key facts about Counterpoint Tactical Equity Fund (CPIEX) and iShares 0-3 Month Treasury Bond ETF (SGOV).

CPIEX is managed by Counterpoint Mutual Funds. It was launched on Nov 29, 2015. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Securities Index. It was launched on May 26, 2020.

Performance

CPIEX vs. SGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Counterpoint Tactical Equity Fund (CPIEX) and iShares 0-3 Month Treasury Bond ETF (SGOV). The values are adjusted to include any dividend payments, if applicable.

CPIEX vs. SGOV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CPIEX Counterpoint Tactical Equity Fund	-1.43%	10.21%	37.75%	6.18%	12.15%	54.08%	-13.80%
SGOV iShares 0-3 Month Treasury Bond ETF	0.88%	4.24%	5.27%	5.12%	1.58%	0.04%	0.05%

Returns By Period

In the year-to-date period, CPIEX achieves a -1.43% return, which is significantly lower than SGOV's 0.88% return.

CPIEX

• 1D: 0.09%
• 1M: -3.65%
• YTD: -1.43%
• 6M: -1.85%
• 1Y: 3.43%
• 3Y*: 18.02%
• 5Y*: 23.12%
• 10Y*: 7.67%

SGOV

• 1D: 0.02%
• 1M: 0.30%
• YTD: 0.88%
• 6M: 1.89%
• 1Y: 4.07%
• 3Y*: 4.80%
• 5Y*: 3.41%
• 10Y*: —

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

CPIEX vs. SGOV - Expense Ratio Comparison

CPIEX has a 1.75% expense ratio, which is higher than SGOV's 0.09% expense ratio.

CPIEX

Counterpoint Tactical Equity Fund

SGOV

iShares 0-3 Month Treasury Bond ETF

Return for Risk

CPIEX vs. SGOV — Risk / Return Rank

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

CPIEX

CPIEX Risk / Return Rank: 14
CPIEX Sharpe Ratio Rank: 12
CPIEX Sortino Ratio Rank: 11
CPIEX Omega Ratio Rank: 10
CPIEX Calmar Ratio Rank: 20
CPIEX Martin Ratio Rank: 19

SGOV

SGOV Risk / Return Rank: 100
SGOV Sharpe Ratio Rank: 100
SGOV Sortino Ratio Rank: 100
SGOV Omega Ratio Rank: 100
SGOV Calmar Ratio Rank: 100
SGOV Martin Ratio Rank: 100

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. SGOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Counterpoint Tactical Equity Fund (CPIEX) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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	SGOV	Difference
Sharpe ratio Return per unit of total volatility	0.36	20.61	-20.25
Sortino ratio Return per unit of downside risk	0.56	283.87	-283.31
Omega ratio Gain probability vs. loss probability	1.07	201.33	-200.26
Calmar ratio Return relative to maximum drawdown	0.64	411.31	-410.66
Martin ratio Return relative to average drawdown	2.08	4,618.08	-4,616.00
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. SGOV - Sharpe Ratio Comparison

The current CPIEX Sharpe Ratio is 0.36, which is lower than the SGOV Sharpe Ratio of 20.61. The chart below compares the historical Sharpe Ratios of CPIEX and SGOV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CPIEX	SGOV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.36	20.61	-20.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.81	14.12	-12.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	12.34	-11.82

Correlation

The correlation between CPIEX and SGOV is 0.01, 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.

Dividends

CPIEX vs. SGOV - Dividend Comparison

CPIEX's dividend yield for the trailing twelve months is around 5.65%, more than SGOV's 3.95% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CPIEX Counterpoint Tactical Equity Fund	5.65%	5.56%	2.16%	2.44%	3.05%	0.00%	0.00%	0.00%	3.40%	5.93%
SGOV iShares 0-3 Month Treasury Bond ETF	3.95%	4.10%	5.10%	4.87%	1.45%	0.03%	0.05%	0.00%	0.00%	0.00%

Drawdowns

CPIEX vs. SGOV - Drawdown Comparison

The maximum CPIEX drawdown since its inception was -48.20%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for CPIEX and SGOV.

Drawdown Indicators

	CPIEX	SGOV	Difference
Max Drawdown Largest peak-to-trough decline	-48.20%	-0.03%	-48.17%
Max Drawdown (1Y) Largest decline over 1 year	-7.14%	-0.01%	-7.13%
Max Drawdown (5Y) Largest decline over 5 years	-9.76%	-0.03%	-9.73%
Max Drawdown (10Y) Largest decline over 10 years	-48.20%	—	—
Current Drawdown Current decline from peak	-4.98%	0.00%	-4.98%
Average Drawdown Average peak-to-trough decline	-10.03%	0.00%	-10.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	0.00%	+2.21%

Volatility

CPIEX vs. SGOV - Volatility Comparison

Counterpoint Tactical Equity Fund (CPIEX) has a higher volatility of 2.94% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that CPIEX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPIEX	SGOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.94%	0.06%	+2.88%
Volatility (6M) Calculated over the trailing 6-month period	9.04%	0.13%	+8.91%
Volatility (1Y) Calculated over the trailing 1-year period	11.06%	0.20%	+10.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.85%	0.24%	+12.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.71%	0.24%	+12.47%