CPITX vs. PYLD
CPITX (Counterpoint Tactical Income Fund) and PYLD (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 3 years, CPITX returned 4.99%/yr vs 7.93%/yr for PYLD. Their 0.53 correlation means they have sometimes moved together and sometimes differently. CPITX charges 1.46%/yr vs 0.55%/yr for PYLD.
Performance
CPITX vs. PYLD - Performance Comparison
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Returns By Period
In the year-to-date period, CPITX achieves a -0.70% return, which is significantly lower than PYLD's 0.98% return.
CPITX
- 1D
- 0.09%
- 1M
- -0.44%
- 6M
- -1.17%
- YTD
- -0.70%
- 1Y
- 2.41%
- 3Y*
- 4.99%
- 5Y*
- 3.40%
- 10Y*
- 4.43%
- ALL TIME*
- 4.81%
PYLD
- 1D
- 0.15%
- 1M
- -0.76%
- 6M
- 0.38%
- YTD
- 0.98%
- 1Y
- 4.94%
- 3Y*
- 7.93%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $87.11M | $100.81M | $103.51M |
CPITX vs. PYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CPITX Counterpoint Tactical Income Fund | -0.70% | 4.58% | 6.76% | 5.83% |
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund | 0.98% | 9.57% | 7.69% | 5.46% |
Correlation
The correlation between CPITX and PYLD is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2023 | 0.53 |
The correlation between CPITX and PYLD shifts across timeframes, from 0.51 (3 years) to 0.64 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CPITX vs. PYLD — Risk / Return Rank
CPITX
PYLD
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 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CPITX | PYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.30 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 1.53 | -0.40 |
| Martin ratioReturn relative to average drawdown | 2.65 | 6.57 | -3.93 |
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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.
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Drawdown Indicators
| CPITX | PYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest 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% | -3.88% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -4.59% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -4.59% | — | — |
Current DrawdownCurrent decline from peak | -1.26% | -0.98% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -0.95% | -0.64% | -0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 0.75% | +0.09% |
Volatility
CPITX vs. PYLD - Volatility Comparison
The current volatility for Counterpoint Tactical Income Fund (CPITX) is 0.60%, while PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) has a volatility of 0.88%. 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.
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Volatility by Period
| CPITX | PYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 0.88% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 1.93% | 2.73% | -0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.55% | 3.08% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.77% | 3.96% | -1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.89% | 3.96% | -1.07% |
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 4.94%, less than PYLD's 6.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPITX Counterpoint Tactical Income Fund | 4.94% | 5.18% | 5.92% | 5.80% | 2.62% | 3.93% | 2.25% | 3.68% | 3.52% | 4.60% | 4.60% | 1.39% |
PYLD PIMCO Multisector Bond Active Exchange-Traded Fund | 6.44% | 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
CPITX and PYLD have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PYLD has higher volatility (0.88%) compared to CPITX (0.60%). In terms of maximum drawdown, CPITX dropped -4.59% vs PYLD's -4.52%.
PYLD currently has the higher Sharpe Ratio (1.61 vs 0.88), 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.
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