RSHO vs. CPAI

Last updated Jun 4, 2026

RSHO (Tema American Reshoring ETF) and CPAI (Counterpoint Quantitative Equity ETF) are both Mid Cap Blend Equities funds. Both are actively managed. Over the past year, RSHO returned 57.71% vs 45.47% for CPAI. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

RSHO vs. CPAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema American Reshoring ETF (RSHO) 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, RSHO achieves a 33.69% return, which is significantly higher than CPAI's 27.41% return.

RSHO

• 1D: 0.12%
• 1M: 7.69%
• YTD: 33.69%
• 6M: 33.85%
• 1Y: 57.71%
• 3Y*: 31.02%
• 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)

RSHO vs. CPAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RSHO Tema American Reshoring ETF	33.69%	19.23%	17.28%	10.79%
CPAI Counterpoint Quantitative Equity ETF	27.41%	17.79%	28.37%	6.69%

Correlation

The correlation between RSHO and CPAI is 0.55, 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	0.55
Correlation (All Time) Calculated using the full available price history since Nov 30, 2023	0.70

The correlation between RSHO and CPAI shifts across timeframes, from 0.55 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.

RSHO vs. CPAI - Sectors Allocation Comparison

Sectors	RSHO	CPAI
Industrials	73.1%	5.7%
Technology	11.4%	45.4%
Basic Materials	8.5%	3.3%
Consumer Cyclical	3.7%	4.2%
Energy	1.0%	3.7%
Financial Services	0.9%	4.3%
Communication Services	-	7.9%
Consumer Defensive	-	9.5%
Healthcare	-	16.0%
Real Estate	-	-
Utilities	-	-

Return for Risk

RSHO vs. CPAI — Risk / Return Rank

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

RSHO

RSHO Risk / Return Rank: 73
RSHO Sharpe Ratio Rank: 74
RSHO Sortino Ratio Rank: 72
RSHO Omega Ratio Rank: 66
RSHO Calmar Ratio Rank: 77
RSHO Martin Ratio Rank: 78

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.

RSHO vs. CPAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema American Reshoring ETF (RSHO) 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.

	RSHO	CPAI	Difference
Sharpe ratio: Return per unit of total volatility	2.44	2.52	-0.08
Sortino ratio: Return per unit of downside risk	3.28	3.33	-0.05
Omega ratio: Gain probability vs. loss probability	1.40	1.43	-0.02
Calmar ratio: Return relative to maximum drawdown	3.96	4.36	-0.40
Martin ratio: Return relative to average drawdown	15.16	15.90	-0.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSHO vs. CPAI - Sharpe Ratio Comparison

The current RSHO Sharpe Ratio is 2.44, which is comparable to the CPAI Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of RSHO 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

	RSHO	CPAI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.44	2.52	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	1.48	1.78	-0.30

Drawdowns

RSHO vs. CPAI - Drawdown Comparison

The maximum RSHO drawdown since its inception was -27.31%, which is greater than CPAI's maximum drawdown of -21.46%. Use the drawdown chart below to compare losses from any high point for RSHO and CPAI.

Drawdown Indicators

	RSHO	CPAI	Difference
Max Drawdown Largest peak-to-trough decline	-27.31%	-21.46%	-5.85%
Max Drawdown (1Y) Largest decline over 1 year	-14.64%	-10.48%	-4.16%
Max Drawdown (3Y) Largest decline over 3 years	-27.31%	—	—
Current Drawdown Current decline from peak	0.00%	-1.84%	+1.84%
Average Drawdown Average peak-to-trough decline	-4.32%	-2.97%	-1.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.82%	2.87%	+0.95%

Volatility

RSHO vs. CPAI - Volatility Comparison

Tema American Reshoring ETF (RSHO) has a higher volatility of 9.22% compared to Counterpoint Quantitative Equity ETF (CPAI) at 5.35%. This indicates that RSHO's price experiences larger fluctuations and is considered to be riskier than CPAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSHO	CPAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.22%	5.35%	+3.87%
Volatility (6M) Calculated over the trailing 6-month period	20.09%	14.50%	+5.59%
Volatility (1Y) Calculated over the trailing 1-year period	23.74%	18.14%	+5.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.55%	19.19%	+3.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.55%	19.19%	+3.36%

RSHO vs. CPAI - Expense Ratio Comparison

Both RSHO and CPAI have an expense ratio of 0.75%.

Dividends

RSHO vs. CPAI - Dividend Comparison

RSHO's dividend yield for the trailing twelve months is around 0.22%, 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%
RSHO Tema American Reshoring ETF	0.22%	0.30%	0.26%	0.25%

Frequently Asked Questions

Can I hold both RSHO and CPAI in my portfolio?

RSHO and CPAI have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSHO or CPAI?

RSHO has higher volatility (9.22%) compared to CPAI (5.35%). In terms of maximum drawdown, RSHO dropped -27.31% vs CPAI's -21.46%.

Which ETF is better, RSHO or CPAI?

On 1-year performance, RSHO leads with 57.71% vs 45.47% for CPAI. Both ETFs have the same 0.75% expense ratio. 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, RSHO or CPAI?

Over the 1-year period, RSHO has performed better with a 57.71% return vs 45.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSHO or CPAI?

RSHO and CPAI have the same expense ratio: 0.75% per year.

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

CPAI has the higher dividend yield at 0.70%, compared with 0.22% for RSHO.

What is the main difference between RSHO and CPAI?

They also come from different issuers: Tema and Counterpoint Funds.

Which has better risk-adjusted returns?

CPAI currently has the higher Sharpe Ratio (2.52 vs 2.44), 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.