THHYX vs. CPITX
THHYX (Toews Tactical Income Fund) and CPITX (Counterpoint Tactical Income Fund) are both mutual funds - THHYX is a High Yield Bonds fund managed by Toews Funds, while CPITX is a Nontraditional Bonds fund managed by Counterpoint Mutual Funds. Over the past 10 years, THHYX returned 2.74%/yr vs 4.76%/yr for CPITX. A 0.60 correlation means they provide meaningful diversification when combined. Both charge a 1.46% expense ratio.
Performance
THHYX vs. CPITX - Performance Comparison
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Returns By Period
In the year-to-date period, THHYX achieves a 0.58% return, which is significantly higher than CPITX's -0.42% return. Over the past 10 years, THHYX has underperformed CPITX with an annualized return of 2.74%, while CPITX has yielded a comparatively higher 4.76% annualized return.
THHYX
- 1D
- 0.20%
- 1M
- 0.47%
- YTD
- 0.58%
- 6M
- 0.81%
- 1Y
- 3.67%
- 3Y*
- 4.69%
- 5Y*
- 1.53%
- 10Y*
- 2.74%
CPITX
- 1D
- -0.09%
- 1M
- 0.33%
- YTD
- -0.42%
- 6M
- -0.24%
- 1Y
- 3.59%
- 3Y*
- 5.67%
- 5Y*
- 3.58%
- 10Y*
- 4.76%
THHYX vs. CPITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
THHYX Toews Tactical Income Fund | 0.58% | 3.44% | 5.48% | 4.51% | -5.33% | 0.28% | 5.21% | 7.37% | -0.80% | 2.57% |
CPITX Counterpoint Tactical Income Fund | -0.42% | 4.58% | 6.76% | 9.81% | -2.40% | 2.53% | 8.47% | 9.85% | -2.80% | 4.93% |
Correlation
The correlation between THHYX and CPITX is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2014 | 0.60 |
The correlation between THHYX and CPITX shifts across timeframes, from 0.60 (all time) to 0.80 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
THHYX vs. CPITX — Risk / Return Rank
THHYX
CPITX
THHYX vs. CPITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Toews Tactical Income Fund (THHYX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| THHYX | CPITX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.29 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 1.91 | +1.57 |
| Martin ratioReturn relative to average drawdown | 7.50 | 4.88 | +2.62 |
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Drawdowns
THHYX vs. CPITX - Drawdown Comparison
The maximum THHYX drawdown since its inception was -8.83%, which is greater than CPITX's maximum drawdown of -4.59%. Use the drawdown chart below to compare losses from any high point for THHYX and CPITX.
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Drawdown Indicators
| THHYX | CPITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.83% | -4.59% | -4.24% |
Max Drawdown (1Y)Largest decline over 1 year | -1.12% | -1.99% | +0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -3.35% | -3.80% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -8.83% | -4.59% | -4.24% |
Max Drawdown (10Y)Largest decline over 10 years | -8.83% | -4.59% | -4.24% |
Current DrawdownCurrent decline from peak | -0.40% | -0.97% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -1.62% | -0.95% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 0.77% | -0.25% |
Volatility
THHYX vs. CPITX - Volatility Comparison
Toews Tactical Income Fund (THHYX) has a higher volatility of 0.85% compared to Counterpoint Tactical Income Fund (CPITX) at 0.77%. This indicates that THHYX'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.
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Volatility by Period
| THHYX | CPITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 0.77% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 1.72% | 1.88% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.58% | 2.59% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.93% | 2.78% | +1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.66% | 2.97% | +0.69% |
THHYX vs. CPITX - Expense Ratio Comparison
Both THHYX and CPITX have an expense ratio of 1.46%.
Dividends
THHYX vs. CPITX - Dividend Comparison
THHYX's dividend yield for the trailing twelve months is around 5.42%, 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% |
THHYX Toews Tactical Income Fund | 5.42% | 4.91% | 5.44% | 4.33% | 1.61% | 2.79% | 2.21% | 3.84% | 2.43% | 6.56% | 3.30% | 1.59% |
Frequently Asked Questions
THHYX and CPITX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
THHYX has higher volatility (0.85%) compared to CPITX (0.77%). In terms of maximum drawdown, THHYX dropped -8.83% vs CPITX's -4.59%.
THHYX currently has the higher Sharpe Ratio (1.51 vs 1.47), 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.
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