EUAD vs. CPAI

Last updated Apr 1, 2026

Compare and contrast key facts about Select STOXX Europe Aerospace & Defense ETF (EUAD) and Counterpoint Quantitative Equity ETF (CPAI).

EUAD and CPAI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EUAD is a passively managed fund by Select Funds that tracks the performance of the STOXX Europe Total Market Aerospace & Defense Index. It was launched on Oct 22, 2024. CPAI is an actively managed fund by Counterpoint Funds. It was launched on Nov 28, 2023.

Performance

EUAD vs. CPAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Select STOXX Europe Aerospace & Defense ETF (EUAD) and Counterpoint Quantitative Equity ETF (CPAI). The values are adjusted to include any dividend payments, if applicable.

EUAD vs. CPAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EUAD Select STOXX Europe Aerospace & Defense ETF	-3.30%	74.51%	-3.62%
CPAI Counterpoint Quantitative Equity ETF	4.21%	17.79%	0.73%

Returns By Period

In the year-to-date period, EUAD achieves a -3.30% return, which is significantly lower than CPAI's 4.21% return.

EUAD

• 1D: 4.97%
• 1M: -12.63%
• YTD: -3.30%
• 6M: -12.91%
• 1Y: 22.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CPAI

• 1D: 3.44%
• 1M: -6.20%
• YTD: 4.21%
• 6M: 6.74%
• 1Y: 25.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EUAD vs. CPAI - Expense Ratio Comparison

EUAD has a 0.50% expense ratio, which is lower than CPAI's 0.75% expense ratio.

CPAI

Counterpoint Quantitative Equity ETF

EUAD

Select STOXX Europe Aerospace & Defense ETF

Return for Risk

EUAD vs. CPAI — Risk / Return Rank

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

EUAD

EUAD Risk / Return Rank: 43
EUAD Sharpe Ratio Rank: 45
EUAD Sortino Ratio Rank: 45
EUAD Omega Ratio Rank: 41
EUAD Calmar Ratio Rank: 47
EUAD Martin Ratio Rank: 37

CPAI

CPAI Risk / Return Rank: 68
CPAI Sharpe Ratio Rank: 66
CPAI Sortino Ratio Rank: 64
CPAI Omega Ratio Rank: 64
CPAI Calmar Ratio Rank: 73
CPAI Martin Ratio Rank: 71

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.

EUAD vs. CPAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Select STOXX Europe Aerospace & Defense ETF (EUAD) and Counterpoint Quantitative Equity ETF (CPAI). 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.

	EUAD	CPAI	Difference
Sharpe ratio Return per unit of total volatility	0.77	1.17	-0.40
Sortino ratio Return per unit of downside risk	1.18	1.65	-0.47
Omega ratio Gain probability vs. loss probability	1.15	1.24	-0.08
Calmar ratio Return relative to maximum drawdown	1.09	1.89	-0.80
Martin ratio Return relative to average drawdown	3.21	7.33	-4.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUAD vs. CPAI - Sharpe Ratio Comparison

The current EUAD Sharpe Ratio is 0.77, which is lower than the CPAI Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of EUAD and CPAI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EUAD	CPAI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	1.17	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	1.44	1.33	+0.11

Correlation

The correlation between EUAD and CPAI is 0.39, 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.

Dividends

EUAD vs. CPAI - Dividend Comparison

EUAD's dividend yield for the trailing twelve months is around 0.41%, less than CPAI's 0.86% yield.

	TTM	2025	2024	2023
EUAD Select STOXX Europe Aerospace & Defense ETF	0.41%	0.40%	0.10%	0.00%
CPAI Counterpoint Quantitative Equity ETF	0.86%	0.89%	0.41%	0.06%

Drawdowns

EUAD vs. CPAI - Drawdown Comparison

The maximum EUAD drawdown since its inception was -19.61%, smaller than the maximum CPAI drawdown of -21.46%. Use the drawdown chart below to compare losses from any high point for EUAD and CPAI.

Drawdown Indicators

	EUAD	CPAI	Difference
Max Drawdown Largest peak-to-trough decline	-19.61%	-21.46%	+1.85%
Max Drawdown (1Y) Largest decline over 1 year	-19.61%	-13.63%	-5.98%
Current Drawdown Current decline from peak	-15.62%	-7.40%	-8.22%
Average Drawdown Average peak-to-trough decline	-4.56%	-3.10%	-1.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.68%	3.52%	+3.16%

Volatility

EUAD vs. CPAI - Volatility Comparison

Select STOXX Europe Aerospace & Defense ETF (EUAD) has a higher volatility of 12.28% compared to Counterpoint Quantitative Equity ETF (CPAI) at 7.88%. This indicates that EUAD's price experiences larger fluctuations and is considered to be riskier than CPAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUAD	CPAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.28%	7.88%	+4.40%
Volatility (6M) Calculated over the trailing 6-month period	19.72%	14.94%	+4.78%
Volatility (1Y) Calculated over the trailing 1-year period	28.77%	22.20%	+6.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.32%	19.21%	+9.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.32%	19.21%	+9.11%