STBNX vs. CPITX

Last updated Jun 4, 2026

STBNX (Sierra Tactical Bond Fund) and CPITX (Counterpoint Tactical Income Fund) are both Nontraditional Bonds funds. Over the past 5 years, STBNX returned 1.63%/yr vs 3.68%/yr for CPITX. A 0.70 correlation means they provide meaningful diversification when combined. STBNX charges 1.63%/yr vs 1.46%/yr for CPITX.

Performance

STBNX vs. CPITX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sierra Tactical Bond Fund (STBNX) and Counterpoint Tactical Income Fund (CPITX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STBNX achieves a 1.08% return, which is significantly higher than CPITX's -0.42% return.

STBNX

• 1D: 0.08%
• 1M: 0.49%
• YTD: 1.08%
• 6M: 1.38%
• 1Y: 5.51%
• 3Y*: 4.00%
• 5Y*: 1.63%
• 10Y*: —

CPITX

• 1D: 0.09%
• 1M: 0.33%
• YTD: -0.42%
• 6M: -0.01%
• 1Y: 4.33%
• 3Y*: 5.86%
• 5Y*: 3.68%
• 10Y*: 4.74%

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

STBNX vs. CPITX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
STBNX Sierra Tactical Bond Fund	1.08%	-0.37%	6.36%	6.76%	-4.47%	1.11%	15.56%	2.41%
CPITX Counterpoint Tactical Income Fund	-0.42%	4.58%	6.76%	9.81%	-2.40%	2.53%	8.47%	2.20%

Correlation

The correlation between STBNX and CPITX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Oct 2, 2019	0.70

The correlation between STBNX and CPITX shifts across timeframes, from 0.70 (all time) to 0.89 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

STBNX vs. CPITX — Risk / Return Rank

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

STBNX

STBNX Risk / Return Rank: 45
STBNX Sharpe Ratio Rank: 41
STBNX Sortino Ratio Rank: 46
STBNX Omega Ratio Rank: 45
STBNX Calmar Ratio Rank: 39
STBNX Martin Ratio Rank: 52

CPITX

CPITX Risk / Return Rank: 37
CPITX Sharpe Ratio Rank: 38
CPITX Sortino Ratio Rank: 40
CPITX Omega Ratio Rank: 43
CPITX Calmar Ratio Rank: 37
CPITX Martin Ratio Rank: 25

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.

STBNX vs. CPITX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sierra Tactical Bond Fund (STBNX) and Counterpoint Tactical Income Fund (CPITX). 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.

	STBNX	CPITX	Difference
Sharpe ratio: Return per unit of total volatility	1.89	1.79	+0.10
Sortino ratio: Return per unit of downside risk	2.85	2.64	+0.21
Omega ratio: Gain probability vs. loss probability	1.37	1.36	+0.01
Calmar ratio: Return relative to maximum drawdown	2.34	2.29	+0.05
Martin ratio: Return relative to average drawdown	10.61	6.21	+4.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

STBNX vs. CPITX - Sharpe Ratio Comparison

The current STBNX Sharpe Ratio is 1.89, which is comparable to the CPITX Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of STBNX and CPITX, 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

	STBNX	CPITX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	1.79	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	1.34	-0.92
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	1.66	-0.83

Drawdowns

STBNX vs. CPITX - Drawdown Comparison

The maximum STBNX drawdown since its inception was -8.04%, which is greater than CPITX's maximum drawdown of -4.59%. Use the drawdown chart below to compare losses from any high point for STBNX and CPITX.

Drawdown Indicators

	STBNX	CPITX	Difference
Max Drawdown Largest peak-to-trough decline	-8.04%	-4.59%	-3.45%
Max Drawdown (1Y) Largest decline over 1 year	-2.44%	-1.99%	-0.45%
Max Drawdown (3Y) Largest decline over 3 years	-6.96%	-3.80%	-3.16%
Max Drawdown (5Y) Largest decline over 5 years	-8.04%	-4.59%	-3.45%
Max Drawdown (10Y) Largest decline over 10 years	—	-4.59%	—
Current Drawdown Current decline from peak	-0.93%	-0.97%	+0.04%
Average Drawdown Average peak-to-trough decline	-2.64%	-0.95%	-1.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.54%	0.73%	-0.19%

Volatility

STBNX vs. CPITX - Volatility Comparison

Sierra Tactical Bond Fund (STBNX) has a higher volatility of 0.96% compared to Counterpoint Tactical Income Fund (CPITX) at 0.79%. This indicates that STBNX's price experiences larger fluctuations and is considered to be riskier than CPITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STBNX	CPITX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.96%	0.79%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	2.38%	1.80%	+0.58%
Volatility (1Y) Calculated over the trailing 1-year period	3.02%	2.54%	+0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.96%	2.77%	+1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.95%	2.99%	+1.96%

STBNX vs. CPITX - Expense Ratio Comparison

STBNX has a 1.63% expense ratio, which is higher than CPITX's 1.46% expense ratio.

Dividends

STBNX vs. CPITX - Dividend Comparison

STBNX's dividend yield for the trailing twelve months is around 5.25%, more than CPITX's 4.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CPITX Counterpoint Tactical Income Fund	4.86%	5.18%	5.92%	5.80%	2.62%	3.93%	2.25%	3.68%	3.52%	4.60%	4.60%	1.39%
STBNX Sierra Tactical Bond Fund	5.25%	4.98%	5.17%	4.53%	1.41%	2.74%	6.55%	0.87%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both STBNX and CPITX in my portfolio?

STBNX and CPITX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, STBNX or CPITX?

STBNX has higher volatility (0.96%) compared to CPITX (0.79%). In terms of maximum drawdown, STBNX dropped -8.04% vs CPITX's -4.59%.

Which has better risk-adjusted returns?

STBNX currently has the higher Sharpe Ratio (1.89 vs 1.79), 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.