CPAI vs QQQ
Counterpoint Quantitative Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, CPAI or QQQ?
Mid Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. CPAI led over 1Y, 3Y and the full window. CPAI is less concentrated, with 22.7% of the fund in its ten largest positions against 46.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CPAI | QQQ |
|---|---|---|
| Expense Ratio | 0.75% | 0.18%Best |
| AUM | $508M | $437.3B |
| Dividend Yield | 0.68% | 0.43% |
| Holdings | 102 | 208 |
| YTD Return | +27.41%Best | +12.98% |
| 1Y Return | +31.02%Best | +11.59% |
| 3Y Return (annualized) | +28.11%Best | +23.05% |
| 5Y Return (annualized) | - | +12.74% |
| Volatility (annualized) | 16.5%Best | 17.1% |
| Max Drawdown | -21.5%Best | -22.8% |
| $10,000 over 3 years | $21,026Best | $18,190 |
| Top 10 Weight | 22.7%Best | 46.9% |
| Fund Family | Counterpoint Mutual Funds | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Growth |
| Inception | Nov 28, 2023 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Nov 29, 2023 to Nov 11, 2026 (3 years).
CPAI vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3 years both funds cover.
CPAI vs QQQ Performance
Counterpoint Quantitative Equity ETF (CPAI) is an ETF from Counterpoint Mutual Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year CPAI returned +31.02% while QQQ returned +11.59%. Year to date, CPAI is up 27.41% versus a gain of 12.98% for QQQ.
Over three years, CPAI compounded at +28.11% per year against +23.05% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.1% compared with 16.5% for CPAI. 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 -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CPAI charges 0.75% per year while QQQ charges 0.18%. On a $10,000 position that is $75 vs $18 annually, a gap of $57 per year that compounds over a long holding period. On income, CPAI currently yields 0.68% against 0.43% for QQQ.
Holdings Overlap
12.9% of CPAI's money is in holdings QQQ also owns. 9.3% of QQQ's money is in holdings CPAI also owns.
CPAI and QQQ share little of their money.
7 positions in common, counted across the 50 positions we hold weights for in CPAI and 101 in QQQ, against full books of 102 and 208.
What only one of them owns
Our book lists 87 positions for QQQ that do not appear in our book for CPAI (87.8% of the fund), and 42 for CPAI that do not appear in QQQ (84.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CPAI | Weight in QQQ | Difference |
|---|---|---|---|
| MUMicron Technology, Inc. | 1.82% | 4.47% | 2.65% |
| INTCIntel Corp. | 1.75% | 2.13% | 0.38% |
| MRVLMarvell Technology Inc | 1.99% | 0.90% | 1.09% |
| SNDKVSandisk Corp. | 1.59% | 0.87% | 0.72% |
| PYPLPaypal Holdings Inc | 2.15% | 0.21% | 1.94% |
| ALABAstera Labs Inc - Common | 2.00% | 0.22% | 1.78% |
| WDCWestern Digital Corp. | 1.60% | 0.55% | 1.05% |
You are not choosing between two funds in isolation.
Whichever of CPAI and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CPAI or QQQ?
CPAI has an expense ratio of 0.75% while QQQ charges 0.18%. QQQ is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, CPAI or QQQ?
Over the past year CPAI returned +31.02% vs +11.59% for QQQ, so CPAI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CPAI or QQQ?
QQQ has been the more volatile fund at 17.1% annualized versus 16.5% for CPAI. Worst drawdown: CPAI -21.5% vs QQQ -22.8%.
Should I hold both CPAI and QQQ?
CPAI and QQQ have a monthly-return correlation of 0.69, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CPAI and QQQ?
12.9% of CPAI's money is in holdings QQQ also owns. 9.3% of QQQ's is in holdings CPAI also owns. They hold 7 positions in common, counted across the 50 positions we hold weights for in CPAI and 101 in QQQ.
Which pays a higher dividend, CPAI or QQQ?
CPAI yields 0.68% while QQQ yields 0.43%, so CPAI currently pays the higher dividend yield.
Is QQQ better than CPAI?
QQQ has a lower expense ratio. CPAI led over 1Y, 3Y and the full window. CPAI is less concentrated, with 22.7% of the fund in its ten largest positions against 46.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.