CPITX vs. PYLD

Last updated Jun 3, 2026

CPITX (Counterpoint Tactical Income Fund) and PYLD (PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund) are both funds - CPITX is a Nontraditional Bonds fund managed by Counterpoint Mutual Funds, while PYLD is a Multisector Bonds fund actively managed by PIMCO. Over the past year, CPITX returned 4.43% vs 7.73% for PYLD. A 0.52 correlation means they provide meaningful diversification when combined. CPITX charges 1.46%/yr vs 0.55%/yr for PYLD.

Performance

CPITX vs. PYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Counterpoint Tactical Income Fund (CPITX) and PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CPITX achieves a -0.51% return, which is significantly lower than PYLD's 1.18% return.

CPITX

• 1D: -0.09%
• 1M: 0.06%
• YTD: -0.51%
• 6M: -0.02%
• 1Y: 4.43%
• 3Y*: 5.83%
• 5Y*: 3.66%
• 10Y*: 4.73%

PYLD

• 1D: 0.04%
• 1M: 0.57%
• YTD: 1.18%
• 6M: 1.73%
• 1Y: 7.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CPITX vs. PYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CPITX Counterpoint Tactical Income Fund	-0.51%	4.58%	6.76%	6.02%
PYLD PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund	1.18%	9.57%	7.69%	5.60%

Correlation

The correlation between CPITX and PYLD is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jun 23, 2023	0.52

The correlation between CPITX and PYLD has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.

Return for Risk

CPITX vs. PYLD — Risk / Return Rank

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

CPITX

CPITX Risk / Return Rank: 34
CPITX Sharpe Ratio Rank: 34
CPITX Sortino Ratio Rank: 36
CPITX Omega Ratio Rank: 40
CPITX Calmar Ratio Rank: 35
CPITX Martin Ratio Rank: 24

PYLD

PYLD Risk / Return Rank: 70
PYLD Sharpe Ratio Rank: 77
PYLD Sortino Ratio Rank: 83
PYLD Omega Ratio Rank: 83
PYLD Calmar Ratio Rank: 47
PYLD Martin Ratio Rank: 60

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.

CPITX vs. PYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Counterpoint Tactical Income Fund (CPITX) and PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD). 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.

	CPITX	PYLD	Difference
Sharpe ratio Return per unit of total volatility	1.71	2.53	-0.82
Sortino ratio Return per unit of downside risk	2.53	3.74	-1.21
Omega ratio Gain probability vs. loss probability	1.34	1.51	-0.17
Calmar ratio Return relative to maximum drawdown	2.28	2.34	-0.07
Martin ratio Return relative to average drawdown	6.21	10.71	-4.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CPITX vs. PYLD - Sharpe Ratio Comparison

The current CPITX Sharpe Ratio is 1.71, which is lower than the PYLD Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of CPITX and PYLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CPITX	PYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	2.53	-0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.33	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.66	2.07	-0.41

Drawdowns

CPITX vs. PYLD - Drawdown Comparison

The maximum CPITX drawdown since its inception was -4.59%, roughly equal to the maximum PYLD drawdown of -4.52%. Use the drawdown chart below to compare losses from any high point for CPITX and PYLD.

Drawdown Indicators

	CPITX	PYLD	Difference
Max Drawdown Largest peak-to-trough decline	-4.59%	-4.52%	-0.07%
Max Drawdown (1Y) Largest decline over 1 year	-1.99%	-3.25%	+1.26%
Max Drawdown (3Y) Largest decline over 3 years	-3.80%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-4.59%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-4.59%	—	—
Current Drawdown Current decline from peak	-1.06%	-0.21%	-0.85%
Average Drawdown Average peak-to-trough decline	-0.95%	-0.65%	-0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.73%	0.71%	+0.02%

Volatility

CPITX vs. PYLD - Volatility Comparison

The current volatility for Counterpoint Tactical Income Fund (CPITX) is 0.79%, while PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) has a volatility of 1.23%. This indicates that CPITX experiences smaller price fluctuations and is considered to be less risky than PYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPITX	PYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.79%	1.23%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	1.80%	2.50%	-0.70%
Volatility (1Y) Calculated over the trailing 1-year period	2.55%	3.07%	-0.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.77%	3.99%	-1.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.99%	3.99%	-1.00%

CPITX vs. PYLD - Expense Ratio Comparison

CPITX has a 1.46% expense ratio, which is higher than PYLD's 0.55% expense ratio.

Dividends

CPITX vs. PYLD - Dividend Comparison

CPITX's dividend yield for the trailing twelve months is around 4.87%, less than PYLD's 6.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CPITX Counterpoint Tactical Income Fund	4.87%	5.18%	5.92%	5.80%	2.62%	3.93%	2.25%	3.68%	3.52%	4.60%	4.60%	1.39%
PYLD PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund	6.28%	6.21%	6.40%	2.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CPITX and PYLD in my portfolio?

CPITX and PYLD have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CPITX or PYLD?

PYLD has higher volatility (1.23%) compared to CPITX (0.79%). In terms of maximum drawdown, CPITX dropped -4.59% vs PYLD's -4.52%.

Which has better risk-adjusted returns?

PYLD currently has the higher Sharpe Ratio (2.53 vs 1.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.