HYTR vs. GAIN

Last updated Apr 2, 2026

Compare and contrast key facts about CP High Yield Trend ETF (HYTR) and Gladstone Investment Corporation (GAIN).

HYTR is a passively managed fund by Counterpoint Mutual Funds LLC that tracks the performance of the CP High Yield Trend Index. It was launched on Jan 21, 2020.

Performance

HYTR vs. GAIN - Performance Comparison

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

HYTR vs. GAIN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
HYTR CP High Yield Trend ETF	-1.02%	5.95%	7.25%	8.31%	-11.29%	2.75%	-0.95%
GAIN Gladstone Investment Corporation	4.44%	17.11%	5.33%	31.01%	-17.55%	82.14%	-20.57%

Returns By Period

In the year-to-date period, HYTR achieves a -1.02% return, which is significantly lower than GAIN's 4.44% return.

HYTR

• 1D: 0.07%
• 1M: -1.52%
• YTD: -1.02%
• 6M: 0.06%
• 1Y: 3.60%
• 3Y*: 5.95%
• 5Y*: 2.00%
• 10Y*: —

GAIN

• 1D: 0.99%
• 1M: 4.28%
• YTD: 4.44%
• 6M: 6.57%
• 1Y: 18.30%
• 3Y*: 16.66%
• 5Y*: 14.94%
• 10Y*: 18.61%

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

Return for Risk

HYTR vs. GAIN — Risk / Return Rank

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

HYTR

HYTR Risk / Return Rank: 36
HYTR Sharpe Ratio Rank: 39
HYTR Sortino Ratio Rank: 35
HYTR Omega Ratio Rank: 37
HYTR Calmar Ratio Rank: 33
HYTR Martin Ratio Rank: 36

GAIN

GAIN Risk / Return Rank: 70
GAIN Sharpe Ratio Rank: 70
GAIN Sortino Ratio Rank: 66
GAIN Omega Ratio Rank: 65
GAIN Calmar Ratio Rank: 70
GAIN Martin Ratio Rank: 81

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. GAIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CP High Yield Trend ETF (HYTR) and Gladstone Investment Corporation (GAIN). 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	GAIN	Difference
Sharpe ratio Return per unit of total volatility	0.77	0.85	-0.08
Sortino ratio Return per unit of downside risk	1.07	1.45	-0.39
Omega ratio Gain probability vs. loss probability	1.16	1.19	-0.03
Calmar ratio Return relative to maximum drawdown	0.89	1.47	-0.58
Martin ratio Return relative to average drawdown	3.44	6.29	-2.86
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. GAIN - Sharpe Ratio Comparison

The current HYTR Sharpe Ratio is 0.77, which is comparable to the GAIN Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of HYTR and GAIN, 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

	HYTR	GAIN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	0.85	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.69	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.24	+0.03

Correlation

The correlation between HYTR and GAIN is 0.30, 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

HYTR vs. GAIN - Dividend Comparison

HYTR's dividend yield for the trailing twelve months is around 5.88%, less than GAIN's 10.46% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYTR CP High Yield Trend ETF	5.88%	5.78%	5.55%	5.43%	1.24%	3.70%	3.05%	0.00%	0.00%	0.00%	0.00%	0.00%
GAIN Gladstone Investment Corporation	10.46%	10.74%	12.53%	17.24%	9.88%	6.06%	9.22%	7.06%	9.24%	7.94%	8.87%	9.68%

Drawdowns

HYTR vs. GAIN - Drawdown Comparison

The maximum HYTR drawdown since its inception was -13.25%, smaller than the maximum GAIN drawdown of -80.87%. Use the drawdown chart below to compare losses from any high point for HYTR and GAIN.

Drawdown Indicators

	HYTR	GAIN	Difference
Max Drawdown Largest peak-to-trough decline	-13.25%	-80.87%	+67.62%
Max Drawdown (1Y) Largest decline over 1 year	-3.97%	-13.01%	+9.04%
Max Drawdown (5Y) Largest decline over 5 years	-13.25%	-26.26%	+13.01%
Max Drawdown (10Y) Largest decline over 10 years	—	-56.28%	—
Current Drawdown Current decline from peak	-1.91%	-0.26%	-1.65%
Average Drawdown Average peak-to-trough decline	-4.22%	-16.03%	+11.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.03%	3.05%	-2.02%

Volatility

HYTR vs. GAIN - Volatility Comparison

The current volatility for CP High Yield Trend ETF (HYTR) is 1.81%, while Gladstone Investment Corporation (GAIN) has a volatility of 7.40%. This indicates that HYTR experiences smaller price fluctuations and is considered to be less risky than GAIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYTR	GAIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.81%	7.40%	-5.59%
Volatility (6M) Calculated over the trailing 6-month period	2.60%	12.19%	-9.59%
Volatility (1Y) Calculated over the trailing 1-year period	4.67%	21.60%	-16.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.60%	21.91%	-16.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.90%	25.40%	-19.50%