ITAN vs. CPAI

Last updated Apr 2, 2026

Compare and contrast key facts about Sparkline Intangible Value ETF (ITAN) and Counterpoint Quantitative Equity ETF (CPAI).

ITAN and CPAI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ITAN is an actively managed fund by Sparkline Capital. It was launched on Jun 29, 2021. CPAI is an actively managed fund by Counterpoint Funds. It was launched on Nov 28, 2023.

Performance

ITAN vs. CPAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sparkline Intangible Value ETF (ITAN) and Counterpoint Quantitative Equity ETF (CPAI). The values are adjusted to include any dividend payments, if applicable.

ITAN vs. CPAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ITAN Sparkline Intangible Value ETF	-1.77%	20.46%	17.76%	7.25%
CPAI Counterpoint Quantitative Equity ETF	4.96%	17.79%	28.37%	6.69%

Returns By Period

In the year-to-date period, ITAN achieves a -1.77% return, which is significantly lower than CPAI's 4.96% return.

ITAN

• 1D: 1.19%
• 1M: -3.39%
• YTD: -1.77%
• 6M: 4.32%
• 1Y: 23.31%
• 3Y*: 18.64%
• 5Y*: —
• 10Y*: —

CPAI

• 1D: 0.72%
• 1M: -6.74%
• YTD: 4.96%
• 6M: 6.83%
• 1Y: 26.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ITAN vs. CPAI - Expense Ratio Comparison

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

CPAI

Counterpoint Quantitative Equity ETF

ITAN

Sparkline Intangible Value ETF

Return for Risk

ITAN vs. CPAI — Risk / Return Rank

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

ITAN

ITAN Risk / Return Rank: 65
ITAN Sharpe Ratio Rank: 64
ITAN Sortino Ratio Rank: 66
ITAN Omega Ratio Rank: 65
ITAN Calmar Ratio Rank: 64
ITAN Martin Ratio Rank: 69

CPAI

CPAI Risk / Return Rank: 65
CPAI Sharpe Ratio Rank: 65
CPAI Sortino Ratio Rank: 63
CPAI Omega Ratio Rank: 62
CPAI Calmar Ratio Rank: 69
CPAI Martin Ratio Rank: 68

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.

ITAN vs. CPAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sparkline Intangible Value ETF (ITAN) 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.

	ITAN	CPAI	Difference
Sharpe ratio Return per unit of total volatility	1.16	1.20	-0.04
Sortino ratio Return per unit of downside risk	1.72	1.68	+0.04
Omega ratio Gain probability vs. loss probability	1.25	1.24	+0.01
Calmar ratio Return relative to maximum drawdown	1.75	1.96	-0.21
Martin ratio Return relative to average drawdown	7.50	7.56	-0.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ITAN vs. CPAI - Sharpe Ratio Comparison

The current ITAN Sharpe Ratio is 1.16, which is comparable to the CPAI Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of ITAN 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

	ITAN	CPAI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	1.20	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	1.35	-0.87

Correlation

The correlation between ITAN and CPAI is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ITAN vs. CPAI - Dividend Comparison

ITAN's dividend yield for the trailing twelve months is around 1.17%, more than CPAI's 0.85% yield.

	TTM	2025	2024	2023	2022	2021
ITAN Sparkline Intangible Value ETF	1.17%	0.94%	1.14%	1.01%	0.57%	0.45%
CPAI Counterpoint Quantitative Equity ETF	0.85%	0.89%	0.41%	0.06%	0.00%	0.00%

Drawdowns

ITAN vs. CPAI - Drawdown Comparison

The maximum ITAN drawdown since its inception was -30.41%, which is greater than CPAI's maximum drawdown of -21.46%. Use the drawdown chart below to compare losses from any high point for ITAN and CPAI.

Drawdown Indicators

	ITAN	CPAI	Difference
Max Drawdown Largest peak-to-trough decline	-30.41%	-21.46%	-8.95%
Max Drawdown (1Y) Largest decline over 1 year	-13.31%	-13.63%	+0.32%
Current Drawdown Current decline from peak	-5.65%	-6.74%	+1.09%
Average Drawdown Average peak-to-trough decline	-7.85%	-3.10%	-4.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	3.54%	-0.43%

Volatility

ITAN vs. CPAI - Volatility Comparison

The current volatility for Sparkline Intangible Value ETF (ITAN) is 5.36%, while Counterpoint Quantitative Equity ETF (CPAI) has a volatility of 7.46%. This indicates that ITAN 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

	ITAN	CPAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.36%	7.46%	-2.10%
Volatility (6M) Calculated over the trailing 6-month period	11.18%	14.95%	-3.77%
Volatility (1Y) Calculated over the trailing 1-year period	20.14%	22.20%	-2.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.21%	19.20%	+0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.21%	19.20%	+0.01%