CPITX vs. QQQ
Compare and contrast key facts about Counterpoint Tactical Income Fund (CPITX) and Invesco QQQ (QQQ).
CPITX is managed by Counterpoint Mutual Funds. It was launched on Dec 3, 2014. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CPITX or QQQ.
Performance
CPITX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, CPITX achieves a 6.65% return, which is significantly lower than QQQ's 24.04% return.
CPITX
6.65%
0.84%
4.35%
9.82%
5.37%
N/A
QQQ
24.04%
3.57%
10.78%
30.56%
20.99%
18.03%
Key characteristics
| CPITX | QQQ | |
|---|---|---|
| Sharpe Ratio | 4.80 | 1.76 |
| Sortino Ratio | 7.61 | 2.35 |
| Omega Ratio | 2.27 | 1.32 |
| Calmar Ratio | 10.09 | 2.25 |
| Martin Ratio | 44.62 | 8.18 |
| Ulcer Index | 0.22% | 3.74% |
| Daily Std Dev | 2.05% | 17.36% |
| Max Drawdown | -5.18% | -82.98% |
| Current Drawdown | -0.09% | -1.62% |
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CPITX vs. QQQ - Expense Ratio Comparison
CPITX has a 1.46% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between CPITX and QQQ is 0.29, 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.
Risk-Adjusted Performance
CPITX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Counterpoint Tactical Income Fund (CPITX) and Invesco QQQ (QQQ). 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.
Dividends
CPITX vs. QQQ - Dividend Comparison
CPITX's dividend yield for the trailing twelve months is around 5.82%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPITX Counterpoint Tactical Income Fund | 5.82% | 5.81% | 2.64% | 3.95% | 2.26% | 3.68% | 2.14% | 4.59% | 3.24% | 1.39% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
CPITX vs. QQQ - Drawdown Comparison
The maximum CPITX drawdown since its inception was -5.18%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CPITX and QQQ. For additional features, visit the drawdowns tool.
Volatility
CPITX vs. QQQ - Volatility Comparison
The current volatility for Counterpoint Tactical Income Fund (CPITX) is 0.54%, while Invesco QQQ (QQQ) has a volatility of 5.36%. This indicates that CPITX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.