CPITX vs. TMNIX
CPITX (Counterpoint Tactical Income Fund) and TMNIX (Counterpoint Tactical Municipal Fund) are both mutual funds - CPITX is a Nontraditional Bonds fund managed by Counterpoint Mutual Funds, while TMNIX is a High Yield Muni fund managed by Counterpoint Mutual Funds. Over the past 5 years, CPITX returned 3.68%/yr vs 2.27%/yr for TMNIX. At a 0.14 correlation, their price movements are largely independent. CPITX charges 1.46%/yr vs 1.00%/yr for TMNIX.
Performance
CPITX vs. TMNIX - 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 TMNIX's 1.46% 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%
TMNIX
- 1D
- 0.19%
- 1M
- 0.92%
- YTD
- 1.46%
- 6M
- 1.59%
- 1Y
- 5.86%
- 3Y*
- 4.13%
- 5Y*
- 2.27%
- 10Y*
- —
CPITX vs. TMNIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CPITX Counterpoint Tactical Income Fund | -0.42% | 4.58% | 6.76% | 9.81% | -2.40% | 2.53% | 8.47% | 9.85% | -1.16% |
TMNIX Counterpoint Tactical Municipal Fund | 1.46% | 2.56% | 3.92% | 6.85% | -3.12% | 2.96% | 6.73% | 8.70% | 0.12% |
Correlation
The correlation between CPITX and TMNIX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2018 | 0.14 |
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Return for Risk
CPITX vs. TMNIX — Risk / Return Rank
CPITX
TMNIX
CPITX vs. TMNIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Counterpoint Tactical Income Fund (CPITX) 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.
| CPITX | TMNIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.60 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 2.56 | -0.27 |
| Martin ratioReturn relative to average drawdown | 6.21 | 7.13 | -0.92 |
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 | TMNIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 2.28 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.34 | 0.75 | +0.58 |
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 | 1.40 | +0.26 |
Drawdowns
CPITX vs. TMNIX - Drawdown Comparison
The maximum CPITX drawdown since its inception was -4.59%, roughly equal to the maximum TMNIX drawdown of -4.63%. Use the drawdown chart below to compare losses from any high point for CPITX and TMNIX.
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Drawdown Indicators
| CPITX | TMNIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.59% | -4.63% | +0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -1.99% | -2.26% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | -4.61% | +0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -4.59% | -4.63% | +0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -4.59% | — | — |
Current DrawdownCurrent decline from peak | -0.97% | -0.52% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -0.95% | -1.48% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 0.81% | -0.08% |
Volatility
CPITX vs. TMNIX - Volatility Comparison
The current volatility for Counterpoint Tactical Income Fund (CPITX) is 0.79%, while Counterpoint Tactical Municipal Fund (TMNIX) has a volatility of 1.09%. This indicates that CPITX experiences smaller price fluctuations and is considered to be less risky 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
| CPITX | TMNIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 1.09% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 1.80% | 1.99% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.54% | 2.53% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.77% | 3.04% | -0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.99% | 2.69% | +0.30% |
CPITX vs. TMNIX - Expense Ratio Comparison
CPITX has a 1.46% expense ratio, which is higher than TMNIX's 1.00% expense ratio.
Dividends
CPITX vs. TMNIX - Dividend Comparison
CPITX's dividend yield for the trailing twelve months is around 4.86%, more than TMNIX's 3.13% 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% |
TMNIX Counterpoint Tactical Municipal Fund | 3.13% | 2.79% | 3.31% | 3.40% | 0.36% | 4.39% | 2.36% | 3.69% | 1.10% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CPITX and TMNIX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMNIX has higher volatility (1.09%) compared to CPITX (0.79%). In terms of maximum drawdown, CPITX dropped -4.59% vs TMNIX's -4.63%.
TMNIX currently has the higher Sharpe Ratio (2.28 vs 1.79), 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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