PJFM vs. CPAI

Last updated Jun 4, 2026

PJFM (PGIM Jennison Focused Mid-Cap ETF) and CPAI (Counterpoint Quantitative Equity ETF) are both Mid Cap Blend Equities funds. Both are actively managed. Over the past year, PJFM returned 16.91% vs 45.47% for CPAI. A 0.78 correlation means they provide meaningful diversification when combined. PJFM charges 0.49%/yr vs 0.75%/yr for CPAI.

Performance

PJFM vs. CPAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Jennison Focused Mid-Cap ETF (PJFM) 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, PJFM achieves a 9.13% return, which is significantly lower than CPAI's 27.41% return.

PJFM

• 1D: -0.20%
• 1M: 1.15%
• YTD: 9.13%
• 6M: 9.53%
• 1Y: 16.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CPAI

• 1D: -1.84%
• 1M: 8.24%
• YTD: 27.41%
• 6M: 29.49%
• 1Y: 45.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PJFM vs. CPAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PJFM PGIM Jennison Focused Mid-Cap ETF	9.13%	7.50%	15.64%	-0.08%
CPAI Counterpoint Quantitative Equity ETF	27.41%	17.79%	28.37%	0.44%

Correlation

The correlation between PJFM and CPAI is 0.71, 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	0.71
Correlation (All Time) Calculated using the full available price history since Dec 20, 2023	0.78

The correlation between PJFM and CPAI has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.

PJFM vs. CPAI - Sectors Allocation Comparison

Sectors	PJFM	CPAI
Industrials	19.1%	5.7%
Financial Services	16.5%	4.3%
Technology	10.8%	45.4%
Consumer Cyclical	10.0%	4.2%
Healthcare	9.3%	16.0%
Basic Materials	7.0%	3.3%
Real Estate	6.9%	-
Utilities	6.6%	-
Energy	4.5%	3.7%
Communication Services	3.4%	7.9%
Consumer Defensive	3.2%	9.5%

Return for Risk

PJFM vs. CPAI — Risk / Return Rank

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

PJFM

PJFM Risk / Return Rank: 33
PJFM Sharpe Ratio Rank: 31
PJFM Sortino Ratio Rank: 31
PJFM Omega Ratio Rank: 30
PJFM Calmar Ratio Rank: 32
PJFM Martin Ratio Rank: 39

CPAI

CPAI Risk / Return Rank: 77
CPAI Sharpe Ratio Rank: 78
CPAI Sortino Ratio Rank: 73
CPAI Omega Ratio Rank: 71
CPAI Calmar Ratio Rank: 82
CPAI 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.

PJFM vs. CPAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Focused Mid-Cap ETF (PJFM) 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.

	PJFM	CPAI	Difference
Sharpe ratio: Return per unit of total volatility	1.09	2.52	-1.44
Sortino ratio: Return per unit of downside risk	1.65	3.33	-1.67
Omega ratio: Gain probability vs. loss probability	1.20	1.43	-0.23
Calmar ratio: Return relative to maximum drawdown	1.57	4.36	-2.79
Martin ratio: Return relative to average drawdown	5.97	15.90	-9.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PJFM vs. CPAI - Sharpe Ratio Comparison

The current PJFM Sharpe Ratio is 1.09, which is lower than the CPAI Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of PJFM 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

	PJFM	CPAI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.09	2.52	-1.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	1.78	-1.03

Drawdowns

PJFM vs. CPAI - Drawdown Comparison

The maximum PJFM drawdown since its inception was -22.84%, which is greater than CPAI's maximum drawdown of -21.46%. Use the drawdown chart below to compare losses from any high point for PJFM and CPAI.

Drawdown Indicators

	PJFM	CPAI	Difference
Max Drawdown Largest peak-to-trough decline	-22.84%	-21.46%	-1.38%
Max Drawdown (1Y) Largest decline over 1 year	-10.79%	-10.48%	-0.31%
Current Drawdown Current decline from peak	-1.41%	-1.84%	+0.43%
Average Drawdown Average peak-to-trough decline	-3.75%	-2.97%	-0.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	2.87%	-0.03%

Volatility

PJFM vs. CPAI - Volatility Comparison

PGIM Jennison Focused Mid-Cap ETF (PJFM) and Counterpoint Quantitative Equity ETF (CPAI) have volatilities of 5.56% and 5.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PJFM	CPAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.56%	5.35%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	12.45%	14.50%	-2.05%
Volatility (1Y) Calculated over the trailing 1-year period	15.65%	18.14%	-2.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.69%	19.19%	-1.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.69%	19.19%	-1.50%

PJFM vs. CPAI - Expense Ratio Comparison

PJFM has a 0.49% expense ratio, which is lower than CPAI's 0.75% expense ratio.

Dividends

PJFM vs. CPAI - Dividend Comparison

PJFM's dividend yield for the trailing twelve months is around 0.57%, less than CPAI's 0.70% yield.

Position	TTM	2025	2024	2023
CPAI Counterpoint Quantitative Equity ETF	0.70%	0.89%	0.41%	0.06%
PJFM PGIM Jennison Focused Mid-Cap ETF	0.57%	0.62%	0.83%	0.00%

Frequently Asked Questions

Can I hold both PJFM and CPAI in my portfolio?

PJFM and CPAI have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PJFM or CPAI?

PJFM has higher volatility (5.56%) compared to CPAI (5.35%). In terms of maximum drawdown, PJFM dropped -22.84% vs CPAI's -21.46%.

Which ETF is better, PJFM or CPAI?

On 1-year performance, CPAI leads with 45.47% vs 16.91% for PJFM. On fees, PJFM is cheaper at 0.49% per year. On volatility, CPAI has been the lower-risk option at 5.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PJFM or CPAI?

Over the 1-year period, CPAI has performed better with a 45.47% return vs 16.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PJFM or CPAI?

PJFM is cheaper with a 0.49% expense ratio, compared with 0.75% for CPAI.

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

CPAI has the higher dividend yield at 0.70%, compared with 0.57% for PJFM.

What is the main difference between PJFM and CPAI?

They also come from different issuers: PGIM and Counterpoint Funds. Their fees differ too: 0.49% for PJFM and 0.75% for CPAI.

Which has better risk-adjusted returns?

CPAI currently has the higher Sharpe Ratio (2.52 vs 1.09), 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.