HYTR vs. CPAI

Last updated Jun 5, 2026

HYTR (CP High Yield Trend ETF) and CPAI (Counterpoint Quantitative Equity ETF) are both exchange-traded funds - HYTR is a High Yield Bonds fund tracking the CP High Yield Trend Index, while CPAI is a Mid Cap Blend Equities fund actively managed by Counterpoint Funds. HYTR is passively managed, while CPAI is actively managed. Over the past year, HYTR returned 5.23% vs 47.21% for CPAI. A 0.59 correlation means they provide meaningful diversification when combined. HYTR charges 0.97%/yr vs 0.75%/yr for CPAI.

Performance

HYTR vs. CPAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CP High Yield Trend ETF (HYTR) and Counterpoint Quantitative Equity ETF (CPAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYTR achieves a 0.35% return, which is significantly lower than CPAI's 28.83% return.

HYTR

• 1D: 0.11%
• 1M: 0.37%
• YTD: 0.35%
• 6M: 0.72%
• 1Y: 5.23%
• 3Y*: 6.52%
• 5Y*: 2.09%
• 10Y*: —

CPAI

• 1D: 1.12%
• 1M: 8.90%
• YTD: 28.83%
• 6M: 30.54%
• 1Y: 47.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HYTR vs. CPAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HYTR CP High Yield Trend ETF	0.35%	5.95%	7.25%	3.10%
CPAI Counterpoint Quantitative Equity ETF	28.83%	17.79%	28.37%	6.69%

Correlation

The correlation between HYTR and CPAI is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (All Time) Calculated using the full available price history since Nov 30, 2023	0.59

The correlation between HYTR and CPAI has been stable across timeframes, ranging from 0.59 to 0.59 - a consistent structural relationship.

HYTR vs. CPAI - Sectors Allocation Comparison

Sectors	HYTR	CPAI
Energy	90.3%	3.7%
Technology	9.3%	45.4%
Real Estate	0.5%	-
Basic Materials	-	3.3%
Communication Services	-	7.9%
Consumer Cyclical	-	4.2%
Consumer Defensive	-	9.5%
Financial Services	-	4.3%
Healthcare	-	16.0%
Industrials	-	5.7%
Utilities	-	-

Return for Risk

HYTR vs. CPAI — Risk / Return Rank

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

HYTR

HYTR Risk / Return Rank: 44
HYTR Sharpe Ratio Rank: 41
HYTR Sortino Ratio Rank: 42
HYTR Omega Ratio Rank: 44
HYTR Calmar Ratio Rank: 47
HYTR Martin Ratio Rank: 47

CPAI

CPAI Risk / Return Rank: 80
CPAI Sharpe Ratio Rank: 82
CPAI Sortino Ratio Rank: 78
CPAI Omega Ratio Rank: 75
CPAI Calmar Ratio Rank: 84
CPAI Martin Ratio Rank: 83

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.

HYTR vs. CPAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CP High Yield Trend ETF (HYTR) 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.

	HYTR	CPAI	Difference
Sharpe ratio: Return per unit of total volatility	1.44	2.62	-1.18
Sortino ratio: Return per unit of downside risk	2.10	3.43	-1.33
Omega ratio: Gain probability vs. loss probability	1.28	1.44	-0.16
Calmar ratio: Return relative to maximum drawdown	2.31	4.53	-2.22
Martin ratio: Return relative to average drawdown	7.61	16.51	-8.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYTR vs. CPAI - Sharpe Ratio Comparison

The current HYTR Sharpe Ratio is 1.44, which is lower than the CPAI Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of HYTR and CPAI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HYTR	CPAI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	2.62	-1.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	1.81	-1.51

Drawdowns

HYTR vs. CPAI - Drawdown Comparison

The maximum HYTR drawdown since its inception was -13.25%, smaller than the maximum CPAI drawdown of -21.46%. Use the drawdown chart below to compare losses from any high point for HYTR and CPAI.

Drawdown Indicators

	HYTR	CPAI	Difference
Max Drawdown Largest peak-to-trough decline	-13.25%	-21.46%	+8.21%
Max Drawdown (1Y) Largest decline over 1 year	-2.28%	-10.48%	+8.20%
Max Drawdown (3Y) Largest decline over 3 years	-4.93%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.25%	—	—
Current Drawdown Current decline from peak	-0.56%	-0.75%	+0.19%
Average Drawdown Average peak-to-trough decline	-4.13%	-2.97%	-1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.69%	2.87%	-2.18%

Volatility

HYTR vs. CPAI - Volatility Comparison

The current volatility for CP High Yield Trend ETF (HYTR) is 1.09%, while Counterpoint Quantitative Equity ETF (CPAI) has a volatility of 5.40%. This indicates that HYTR experiences smaller price fluctuations and is considered to be less risky than CPAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYTR	CPAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.09%	5.40%	-4.31%
Volatility (6M) Calculated over the trailing 6-month period	2.64%	14.51%	-11.87%
Volatility (1Y) Calculated over the trailing 1-year period	3.66%	18.13%	-14.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.62%	19.18%	-13.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.86%	19.18%	-13.32%

HYTR vs. CPAI - Expense Ratio Comparison

HYTR has a 0.97% expense ratio, which is higher than CPAI's 0.75% expense ratio.

Dividends

HYTR vs. CPAI - Dividend Comparison

HYTR's dividend yield for the trailing twelve months is around 5.70%, more than CPAI's 0.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
CPAI Counterpoint Quantitative Equity ETF	0.69%	0.89%	0.41%	0.06%	0.00%	0.00%	0.00%
HYTR CP High Yield Trend ETF	5.70%	5.78%	5.55%	5.43%	1.24%	3.70%	3.05%

Frequently Asked Questions

Can I hold both HYTR and CPAI in my portfolio?

HYTR and CPAI have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYTR or CPAI?

CPAI has higher volatility (5.40%) compared to HYTR (1.09%). In terms of maximum drawdown, HYTR dropped -13.25% vs CPAI's -21.46%.

Which ETF is better, HYTR or CPAI?

On 1-year performance, CPAI leads with 47.21% vs 5.23% for HYTR. On fees, CPAI is cheaper at 0.75% per year. On volatility, HYTR has been the lower-risk option at 1.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYTR or CPAI?

Over the 1-year period, CPAI has performed better with a 47.21% return vs 5.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYTR or CPAI?

CPAI is cheaper with a 0.75% expense ratio, compared with 0.97% for HYTR.

Which ETF pays a higher dividend yield, HYTR or CPAI?

HYTR has the higher dividend yield at 5.70%, compared with 0.69% for CPAI.

What is the main difference between HYTR and CPAI?

HYTR is categorized as High Yield Bonds, while CPAI is Mid Cap Blend Equities. They also come from different issuers: Counterpoint Mutual Funds LLC and Counterpoint Funds. Their fees differ too: 0.97% for HYTR and 0.75% for CPAI.

Which has better risk-adjusted returns?

CPAI currently has the higher Sharpe Ratio (2.62 vs 1.44), 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.