CPITX vs. TLT
CPITX (Counterpoint Tactical Income Fund) and TLT (iShares 20+ Year Treasury Bond ETF) are both funds - CPITX is a Nontraditional Bonds fund managed by Counterpoint Mutual Funds, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Over the past 10 years, CPITX returned 4.74%/yr vs -1.66%/yr for TLT. At a 0.16 correlation, their price movements are largely independent. CPITX charges 1.46%/yr vs 0.15%/yr for TLT.
Performance
CPITX vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, CPITX achieves a -0.42% return, which is significantly lower than TLT's -0.27% return. Over the past 10 years, CPITX has outperformed TLT with an annualized return of 4.74%, while TLT has yielded a comparatively lower -1.66% annualized return.
CPITX
- 1D
- 0.09%
- 1M
- 0.33%
- YTD
- -0.42%
- 6M
- -0.01%
- 1Y
- 4.33%
- 3Y*
- 5.86%
- 5Y*
- 3.68%
- 10Y*
- 4.74%
TLT
- 1D
- -0.40%
- 1M
- 0.81%
- YTD
- -0.27%
- 6M
- -2.02%
- 1Y
- 4.93%
- 3Y*
- -1.80%
- 5Y*
- -6.31%
- 10Y*
- -1.66%
CPITX vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CPITX Counterpoint Tactical Income Fund | -0.42% | 4.58% | 6.76% | 9.81% | -2.40% | 2.53% | 8.47% | 9.85% | -2.80% | 4.93% |
TLT iShares 20+ Year Treasury Bond ETF | -0.27% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Correlation
The correlation between CPITX and TLT is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2014 | 0.16 |
Over the past year, CPITX and TLT have become more correlated (0.40) than their long-term average of 0.16, meaning their price movements have been converging.
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Return for Risk
CPITX vs. TLT — Risk / Return Rank
CPITX
TLT
CPITX vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Counterpoint Tactical Income Fund (CPITX) and iShares 20+ Year Treasury Bond ETF (TLT). 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 | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.09 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 0.65 | +1.63 |
| Martin ratioReturn relative to average drawdown | 6.21 | 1.63 | +4.58 |
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
| CPITX | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 0.51 | +1.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.34 | -0.40 | +1.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.59 | -0.11 | +1.70 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.66 | 0.26 | +1.40 |
Drawdowns
CPITX vs. TLT - Drawdown Comparison
The maximum CPITX drawdown since its inception was -4.59%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for CPITX and TLT.
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Drawdown Indicators
| CPITX | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.59% | -48.35% | +43.76% |
Max Drawdown (1Y)Largest decline over 1 year | -1.99% | -7.58% | +5.59% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | -19.18% | +15.38% |
Max Drawdown (5Y)Largest decline over 5 years | -4.59% | -43.70% | +39.11% |
Max Drawdown (10Y)Largest decline over 10 years | -4.59% | -48.35% | +43.76% |
Current DrawdownCurrent decline from peak | -0.97% | -40.44% | +39.47% |
Average DrawdownAverage peak-to-trough decline | -0.95% | -13.82% | +12.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 3.04% | -2.31% |
Volatility
CPITX vs. TLT - Volatility Comparison
The current volatility for Counterpoint Tactical Income Fund (CPITX) is 0.79%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 2.76%. This indicates that CPITX experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CPITX | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 2.76% | -1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 1.80% | 6.50% | -4.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.54% | 9.77% | -7.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.77% | 15.87% | -13.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.99% | 14.91% | -11.92% |
CPITX vs. TLT - Expense Ratio Comparison
CPITX has a 1.46% expense ratio, which is higher than TLT's 0.15% expense ratio.
Dividends
CPITX vs. TLT - Dividend Comparison
CPITX's dividend yield for the trailing twelve months is around 4.86%, more than TLT's 4.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPITX Counterpoint Tactical Income Fund | 4.86% | 5.18% | 5.92% | 5.80% | 2.62% | 3.93% | 2.25% | 3.68% | 3.52% | 4.60% | 4.60% | 1.39% |
TLT iShares 20+ Year Treasury Bond ETF | 4.59% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Frequently Asked Questions
CPITX and TLT have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLT has higher volatility (2.76%) compared to CPITX (0.79%). In terms of maximum drawdown, CPITX dropped -4.59% vs TLT's -48.35%.
CPITX currently has the higher Sharpe Ratio (1.79 vs 0.51), 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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