CPAI vs IVV
Counterpoint Quantitative Equity ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. CPAI delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | CPAI | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.03% | |
| AUM | $437M | $907.0B | |
| Dividend Yield | 0.71% | 1.10% | |
| Holdings | 52 | 508 | |
| YTD Return | +29.28% | +12.71% | |
| 1Y Return | +44.98% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 17.0% | 15.1% | |
| Max Drawdown | -21.5% | -56.5% | |
| Fund Family | Counterpoint Mutual Funds | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Nov 28, 2023 | May 15, 2000 |
CPAI vs IVV Performance
Counterpoint Quantitative Equity ETF (CPAI) is a ETF from Counterpoint Mutual Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CPAI returned +44.98% while IVV returned +21.89%. Year to date, CPAI is up 29.28% versus a gain of 12.71% for IVV.
Risk: Volatility and Drawdowns
CPAI has been the more volatile fund, with annualized monthly volatility of 17.0% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -21.5% for CPAI and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CPAI charges 0.75% per year while IVV charges 0.03%. On a $10,000 position that is $75 vs $3 annually, a gap of $72 per year that compounds over a long holding period. On income, CPAI currently yields 0.71% against 1.10% for IVV.
Holdings Overlap
CPAI and IVV share 23 holdings out of 532 unique holdings combined, representing a 7.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CPAI or IVV?
CPAI has an expense ratio of 0.75% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $72 per year of difference.
Which performed better, CPAI or IVV?
Over the past year CPAI returned +44.98% vs +21.89% for IVV, so CPAI leads on 1-year performance. Over the longest common window we track (3 years), CPAI annualized +31.45% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, CPAI or IVV?
CPAI has been the more volatile fund at 17.0% annualized versus 15.1% for IVV. Worst drawdown: CPAI -21.5% vs IVV -56.5%.
Should I hold both CPAI and IVV?
CPAI and IVV have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CPAI and IVV?
CPAI and IVV share 23 common holdings with a 7.8% weight overlap. Combined, they hold 532 unique securities.
Which pays a higher dividend, CPAI or IVV?
CPAI yields 0.71% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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