MMTM vs. CPIEX
Compare and contrast key facts about SPDR S&P 1500 Momentum Tilt ETF (MMTM) and Counterpoint Tactical Equity Fund (CPIEX).
MMTM is a passively managed fund by State Street that tracks the performance of the S&P 1500 Positive Momentum Tilt Index. It was launched on Oct 24, 2012. CPIEX is managed by Counterpoint Mutual Funds. It was launched on Nov 29, 2015.
Performance
MMTM vs. CPIEX - Performance Comparison
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MMTM vs. CPIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MMTM SPDR S&P 1500 Momentum Tilt ETF | -2.62% | 13.26% | 29.94% | 22.49% | -16.12% | 26.33% | 19.27% | 29.98% | -4.62% | 24.41% |
CPIEX Counterpoint Tactical Equity Fund | -1.43% | 10.21% | 37.75% | 6.18% | 12.15% | 54.08% | -29.20% | -7.69% | -3.17% | 14.15% |
Returns By Period
In the year-to-date period, MMTM achieves a -2.62% return, which is significantly lower than CPIEX's -1.43% return. Over the past 10 years, MMTM has outperformed CPIEX with an annualized return of 13.89%, while CPIEX has yielded a comparatively lower 7.67% annualized return.
MMTM
- 1D
- 1.29%
- 1M
- -3.99%
- YTD
- -2.62%
- 6M
- -0.30%
- 1Y
- 18.11%
- 3Y*
- 20.04%
- 5Y*
- 12.33%
- 10Y*
- 13.89%
CPIEX
- 1D
- 0.09%
- 1M
- -3.65%
- YTD
- -1.43%
- 6M
- -1.85%
- 1Y
- 3.43%
- 3Y*
- 18.02%
- 5Y*
- 23.12%
- 10Y*
- 7.67%
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MMTM vs. CPIEX - Expense Ratio Comparison
MMTM has a 0.12% expense ratio, which is lower than CPIEX's 1.75% expense ratio.
Return for Risk
MMTM vs. CPIEX — Risk / Return Rank
MMTM
CPIEX
MMTM vs. CPIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 1500 Momentum Tilt ETF (MMTM) and Counterpoint Tactical Equity Fund (CPIEX). 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.
| MMTM | CPIEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.36 | +0.50 |
Sortino ratioReturn per unit of downside risk | 1.34 | 0.56 | +0.78 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.07 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.44 | 0.64 | +0.79 |
Martin ratioReturn relative to average drawdown | 6.58 | 2.08 | +4.50 |
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
| MMTM | CPIEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.36 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 1.81 | -1.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.60 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.53 | +0.27 |
Correlation
The correlation between MMTM and CPIEX is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MMTM vs. CPIEX - Dividend Comparison
MMTM's dividend yield for the trailing twelve months is around 0.88%, less than CPIEX's 5.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMTM SPDR S&P 1500 Momentum Tilt ETF | 0.88% | 0.86% | 0.83% | 1.16% | 1.67% | 0.95% | 1.14% | 1.55% | 1.64% | 1.52% | 1.98% | 1.68% |
CPIEX Counterpoint Tactical Equity Fund | 5.65% | 5.56% | 2.16% | 2.44% | 3.05% | 0.00% | 0.00% | 0.00% | 3.40% | 5.93% | 0.00% | 0.00% |
Drawdowns
MMTM vs. CPIEX - Drawdown Comparison
The maximum MMTM drawdown since its inception was -33.85%, smaller than the maximum CPIEX drawdown of -48.20%. Use the drawdown chart below to compare losses from any high point for MMTM and CPIEX.
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Drawdown Indicators
| MMTM | CPIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.85% | -48.20% | +14.35% |
Max Drawdown (1Y)Largest decline over 1 year | -13.12% | -7.14% | -5.98% |
Max Drawdown (5Y)Largest decline over 5 years | -23.72% | -9.76% | -13.96% |
Max Drawdown (10Y)Largest decline over 10 years | -33.85% | -48.20% | +14.35% |
Current DrawdownCurrent decline from peak | -5.57% | -4.98% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -10.03% | +5.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.21% | +0.66% |
Volatility
MMTM vs. CPIEX - Volatility Comparison
SPDR S&P 1500 Momentum Tilt ETF (MMTM) has a higher volatility of 6.53% compared to Counterpoint Tactical Equity Fund (CPIEX) at 2.94%. This indicates that MMTM's price experiences larger fluctuations and is considered to be riskier than CPIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMTM | CPIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.53% | 2.94% | +3.59% |
Volatility (6M)Calculated over the trailing 6-month period | 12.12% | 9.04% | +3.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.28% | 11.06% | +10.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.29% | 12.85% | +5.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.68% | 12.71% | +5.97% |