CPIEX vs. TMNIX
Compare and contrast key facts about Counterpoint Tactical Equity Fund (CPIEX) and Counterpoint Tactical Municipal Fund (TMNIX).
CPIEX is managed by Counterpoint Mutual Funds. It was launched on Nov 29, 2015. TMNIX is managed by Counterpoint Mutual Funds. It was launched on Jun 10, 2018.
Performance
CPIEX vs. TMNIX - Performance Comparison
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CPIEX vs. TMNIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CPIEX Counterpoint Tactical Equity Fund | -1.43% | 10.21% | 37.75% | 6.18% | 12.15% | 54.08% | -29.20% | -7.69% | -2.92% |
TMNIX Counterpoint Tactical Municipal Fund | -0.24% | 2.56% | 3.92% | 6.85% | -3.12% | 2.96% | 6.73% | 8.70% | 0.12% |
Returns By Period
In the year-to-date period, CPIEX achieves a -1.43% return, which is significantly lower than TMNIX's -0.24% 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%
TMNIX
- 1D
- 0.00%
- 1M
- -1.82%
- YTD
- -0.24%
- 6M
- 0.81%
- 1Y
- 3.88%
- 3Y*
- 3.41%
- 5Y*
- 2.35%
- 10Y*
- —
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CPIEX vs. TMNIX - Expense Ratio Comparison
CPIEX has a 1.75% expense ratio, which is higher than TMNIX's 1.00% expense ratio.
Return for Risk
CPIEX vs. TMNIX — Risk / Return Rank
CPIEX
TMNIX
CPIEX vs. TMNIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Counterpoint Tactical Equity Fund (CPIEX) and Counterpoint Tactical Municipal Fund (TMNIX). 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 | TMNIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.36 | 1.67 | -1.31 |
Sortino ratioReturn per unit of downside risk | 0.56 | 2.48 | -1.92 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.43 | -0.36 |
Calmar ratioReturn relative to maximum drawdown | 0.64 | 1.80 | -1.15 |
Martin ratioReturn relative to average drawdown | 2.08 | 6.33 | -4.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CPIEX | TMNIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | 1.67 | -1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.81 | 0.79 | +1.02 |
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 | 1.35 | -0.82 |
Correlation
The correlation between CPIEX and TMNIX is -0.04. 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.
Dividends
CPIEX vs. TMNIX - Dividend Comparison
CPIEX's dividend yield for the trailing twelve months is around 5.65%, more than TMNIX's 3.07% 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% |
TMNIX Counterpoint Tactical Municipal Fund | 3.07% | 2.79% | 3.31% | 3.40% | 0.36% | 4.39% | 2.36% | 3.69% | 1.10% | 0.00% |
Drawdowns
CPIEX vs. TMNIX - Drawdown Comparison
The maximum CPIEX drawdown since its inception was -48.20%, which is greater than TMNIX's maximum drawdown of -4.63%. Use the drawdown chart below to compare losses from any high point for CPIEX and TMNIX.
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Drawdown Indicators
| CPIEX | TMNIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.20% | -4.63% | -43.57% |
Max Drawdown (1Y)Largest decline over 1 year | -7.14% | -2.21% | -4.93% |
Max Drawdown (5Y)Largest decline over 5 years | -9.76% | -4.63% | -5.13% |
Max Drawdown (10Y)Largest decline over 10 years | -48.20% | — | — |
Current DrawdownCurrent decline from peak | -4.98% | -2.18% | -2.80% |
Average DrawdownAverage peak-to-trough decline | -10.03% | -1.48% | -8.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 0.63% | +1.58% |
Volatility
CPIEX vs. TMNIX - Volatility Comparison
Counterpoint Tactical Equity Fund (CPIEX) has a higher volatility of 2.94% compared to Counterpoint Tactical Municipal Fund (TMNIX) at 1.07%. This indicates that CPIEX's price experiences larger fluctuations and is considered to be riskier than TMNIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CPIEX | TMNIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 1.07% | +1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 9.04% | 1.69% | +7.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.06% | 2.34% | +8.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.85% | 3.00% | +9.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.71% | 2.68% | +10.03% |