TMNIX vs. CPIEX
Compare and contrast key facts about Counterpoint Tactical Municipal Fund (TMNIX) and Counterpoint Tactical Equity Fund (CPIEX).
TMNIX is managed by Counterpoint Mutual Funds. It was launched on Jun 10, 2018. CPIEX is managed by Counterpoint Mutual Funds. It was launched on Nov 29, 2015.
Performance
TMNIX vs. CPIEX - Performance Comparison
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TMNIX vs. CPIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TMNIX Counterpoint Tactical Municipal Fund | -0.24% | 2.56% | 3.92% | 6.85% | -3.12% | 2.96% | 6.73% | 8.70% | 0.12% |
CPIEX Counterpoint Tactical Equity Fund | -1.52% | 10.21% | 37.75% | 6.18% | 12.15% | 54.08% | -29.20% | -7.69% | -2.92% |
Returns By Period
In the year-to-date period, TMNIX achieves a -0.24% return, which is significantly higher than CPIEX's -1.52% return.
TMNIX
- 1D
- 0.03%
- 1M
- -2.18%
- YTD
- -0.24%
- 6M
- 0.90%
- 1Y
- 3.88%
- 3Y*
- 3.41%
- 5Y*
- 2.37%
- 10Y*
- —
CPIEX
- 1D
- -0.61%
- 1M
- -3.81%
- YTD
- -1.52%
- 6M
- -1.62%
- 1Y
- 3.83%
- 3Y*
- 17.99%
- 5Y*
- 23.35%
- 10Y*
- 7.66%
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TMNIX vs. CPIEX - Expense Ratio Comparison
TMNIX has a 1.00% expense ratio, which is lower than CPIEX's 1.75% expense ratio.
Return for Risk
TMNIX vs. CPIEX — Risk / Return Rank
TMNIX
CPIEX
TMNIX vs. CPIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Counterpoint Tactical Municipal Fund (TMNIX) 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.
| TMNIX | CPIEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 0.41 | +1.30 |
Sortino ratioReturn per unit of downside risk | 2.55 | 0.64 | +1.91 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.08 | +0.36 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 0.70 | +1.13 |
Martin ratioReturn relative to average drawdown | 6.57 | 2.27 | +4.30 |
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
| TMNIX | CPIEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 0.41 | +1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 1.83 | -1.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.35 | 0.53 | +0.82 |
Correlation
The correlation between TMNIX and CPIEX is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
TMNIX vs. CPIEX - Dividend Comparison
TMNIX's dividend yield for the trailing twelve months is around 3.07%, less than CPIEX's 5.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TMNIX Counterpoint Tactical Municipal Fund | 3.07% | 2.79% | 3.31% | 3.40% | 0.36% | 4.39% | 2.36% | 3.69% | 1.10% | 0.00% |
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% |
Drawdowns
TMNIX vs. CPIEX - Drawdown Comparison
The maximum TMNIX drawdown since its inception was -4.63%, smaller than the maximum CPIEX drawdown of -48.20%. Use the drawdown chart below to compare losses from any high point for TMNIX and CPIEX.
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Drawdown Indicators
| TMNIX | CPIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.63% | -48.20% | +43.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.21% | -7.14% | +4.93% |
Max Drawdown (5Y)Largest decline over 5 years | -4.63% | -9.76% | +5.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.20% | — |
Current DrawdownCurrent decline from peak | -2.18% | -5.06% | +2.88% |
Average DrawdownAverage peak-to-trough decline | -1.48% | -10.03% | +8.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 2.19% | -1.58% |
Volatility
TMNIX vs. CPIEX - Volatility Comparison
The current volatility for Counterpoint Tactical Municipal Fund (TMNIX) is 1.10%, while Counterpoint Tactical Equity Fund (CPIEX) has a volatility of 2.93%. This indicates that TMNIX experiences smaller price fluctuations and is considered to be less risky 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
| TMNIX | CPIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 2.93% | -1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 1.69% | 9.05% | -7.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.35% | 11.08% | -8.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.00% | 12.86% | -9.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.68% | 12.71% | -10.03% |