VFQY vs. CPAI

Last updated Jun 26, 2026

VFQY (Vanguard U.S. Quality Factor ETF) and CPAI (Counterpoint Quantitative Equity ETF) are both Mid Cap Blend Equities funds. Both are actively managed. Over the past year, VFQY returned 20.32% vs 41.30% for CPAI. A 0.77 correlation means they provide meaningful diversification when combined. VFQY charges 0.13%/yr vs 0.75%/yr for CPAI.

Performance

VFQY vs. CPAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard U.S. Quality Factor ETF (VFQY) 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, VFQY achieves a 9.93% return, which is significantly lower than CPAI's 26.83% return.

VFQY

• 1D: 0.65%
• 1M: 2.78%
• YTD: 9.93%
• 6M: 7.73%
• 1Y: 20.32%
• 3Y*: 16.45%
• 5Y*: 8.54%
• 10Y*: —

CPAI

• 1D: 0.85%
• 1M: 1.23%
• YTD: 26.83%
• 6M: 25.15%
• 1Y: 41.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VFQY vs. CPAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VFQY Vanguard U.S. Quality Factor ETF	9.93%	10.24%	12.93%	8.93%
CPAI Counterpoint Quantitative Equity ETF	26.83%	17.79%	28.37%	5.67%

Correlation

The correlation between VFQY and CPAI is 0.67, 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	0.67
Correlation (All Time) Calculated using the full available price history since Nov 29, 2023	0.77

The correlation between VFQY and CPAI has been stable across timeframes, ranging from 0.67 to 0.77 - a consistent structural relationship.

VFQY vs. CPAI - Sectors Allocation Comparison

Sectors	VFQY	CPAI
Technology	25.8%	48.5%
Financial Services	18.9%	3.8%
Industrials	16.8%	7.4%
Consumer Cyclical	13.3%	3.6%
Consumer Defensive	9.2%	8.0%
Healthcare	8.9%	15.4%
Communication Services	2.8%	7.2%
Basic Materials	2.2%	3.1%
Energy	2.2%	3.1%
Real Estate	-	-
Utilities	-	-

Return for Risk

VFQY vs. CPAI — Risk / Return Rank

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

VFQY

VFQY Risk / Return Rank: 51
VFQY Sharpe Ratio Rank: 50
VFQY Sortino Ratio Rank: 51
VFQY Omega Ratio Rank: 45
VFQY Calmar Ratio Rank: 52
VFQY Martin Ratio Rank: 55

CPAI

CPAI Risk / Return Rank: 77
CPAI Sharpe Ratio Rank: 78
CPAI Sortino Ratio Rank: 72
CPAI Omega Ratio Rank: 72
CPAI Calmar Ratio Rank: 83
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.

VFQY vs. CPAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Quality Factor ETF (VFQY) 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.

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.

	VFQY	CPAI	Difference
Sharpe ratio: Return per unit of total volatility	1.51	2.17	-0.67
Sortino ratio: Return per unit of downside risk	2.19	2.84	-0.65
Omega ratio: Gain probability vs. loss probability	1.26	1.37	-0.11
Calmar ratio: Return relative to maximum drawdown	2.24	3.96	-1.72
Martin ratio: Return relative to average drawdown	8.31	13.88	-5.57

VFQY vs. CPAI - Sharpe Ratio Comparison

The current VFQY Sharpe Ratio is 1.51, which is lower than the CPAI Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of VFQY 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.

Drawdowns

VFQY vs. CPAI - Drawdown Comparison

The maximum VFQY drawdown since its inception was -37.41%, which is greater than CPAI's maximum drawdown of -21.46%. Use the drawdown chart below to compare losses from any high point for VFQY and CPAI.

Drawdown Indicators

	VFQY	CPAI	Difference
Max Drawdown Largest peak-to-trough decline	-37.41%	-21.46%	-15.95%
Max Drawdown (1Y) Largest decline over 1 year	-9.12%	-10.48%	+1.36%
Max Drawdown (3Y) Largest decline over 3 years	-20.67%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.93%	—	—
Current Drawdown Current decline from peak	-0.03%	-2.29%	+2.26%
Average Drawdown Average peak-to-trough decline	-6.64%	-2.98%	-3.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	2.98%	-0.53%

Volatility

VFQY vs. CPAI - Volatility Comparison

The current volatility for Vanguard U.S. Quality Factor ETF (VFQY) is 3.74%, while Counterpoint Quantitative Equity ETF (CPAI) has a volatility of 7.66%. This indicates that VFQY experiences smaller price fluctuations and is considered to be less risky than CPAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VFQY	CPAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.74%	7.66%	-3.92%
Volatility (6M) Calculated over the trailing 6-month period	9.86%	15.79%	-5.93%
Volatility (1Y) Calculated over the trailing 1-year period	13.54%	19.12%	-5.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.35%	19.45%	-1.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.83%	19.45%	+1.38%

VFQY vs. CPAI - Expense Ratio Comparison

VFQY has a 0.13% expense ratio, which is lower than CPAI's 0.75% expense ratio.

Dividends

VFQY vs. CPAI - Dividend Comparison

VFQY's dividend yield for the trailing twelve months is around 1.07%, more than CPAI's 0.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CPAI Counterpoint Quantitative Equity ETF	0.70%	0.89%	0.41%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%
VFQY Vanguard U.S. Quality Factor ETF	1.07%	1.17%	1.34%	1.38%	1.43%	0.98%	1.22%	1.34%	1.31%

Frequently Asked Questions

Can I hold both VFQY and CPAI in my portfolio?

VFQY and CPAI have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VFQY or CPAI?

CPAI has higher volatility (7.66%) compared to VFQY (3.74%). In terms of maximum drawdown, VFQY dropped -37.41% vs CPAI's -21.46%.

Which ETF is better, VFQY or CPAI?

On 1-year performance, CPAI leads with 41.30% vs 20.32% for VFQY. On fees, VFQY is cheaper at 0.13% per year. On volatility, VFQY has been the lower-risk option at 3.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VFQY or CPAI?

Over the 1-year period, CPAI has performed better with a 41.30% return vs 20.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VFQY or CPAI?

VFQY is cheaper with a 0.13% expense ratio, compared with 0.75% for CPAI.

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

VFQY has the higher dividend yield at 1.07%, compared with 0.70% for CPAI.

What is the main difference between VFQY and CPAI?

They also come from different issuers: Vanguard and Counterpoint Funds. Their fees differ too: 0.13% for VFQY and 0.75% for CPAI.

Which has better risk-adjusted returns?

CPAI currently has the higher Sharpe Ratio (2.17 vs 1.51), 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.