CPAI vs QQQ
Counterpoint Quantitative Equity ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. CPAI delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | CPAI | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.18% | |
| AUM | $437M | $496.3B | |
| Dividend Yield | 0.71% | 0.44% | |
| Holdings | 52 | 108 | |
| YTD Return | +29.28% | +16.64% | |
| 1Y Return | +44.98% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 17.0% | 30.6% | |
| Max Drawdown | -21.5% | -83.0% | |
| Fund Family | Counterpoint Mutual Funds | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 28, 2023 | Mar 10, 1999 |
CPAI vs QQQ Performance
Counterpoint Quantitative Equity ETF (CPAI) is a ETF from Counterpoint Mutual Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CPAI returned +44.98% while QQQ returned +27.27%. Year to date, CPAI is up 29.28% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 17.0% 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 -83.0% for QQQ. 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 0.73. They usually move together, but the gap leaves some room for diversification.
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 0.71% against 0.44% for QQQ.
Holdings Overlap
CPAI and QQQ share 8 holdings out of 144 unique holdings combined, representing a 9.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $57 per year of difference.
Which performed better, CPAI or QQQ?
Over the past year CPAI returned +44.98% vs +27.27% for QQQ, so CPAI leads on 1-year performance. Over the longest common window we track (3 years), CPAI annualized +31.45% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, CPAI or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 17.0% for CPAI. Worst drawdown: CPAI -21.5% vs QQQ -83.0%.
Should I hold both CPAI and QQQ?
CPAI and QQQ have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CPAI and QQQ?
CPAI and QQQ share 8 common holdings with a 9.7% weight overlap. Combined, they hold 144 unique securities.
Which pays a higher dividend, CPAI or QQQ?
CPAI yields 0.71% while QQQ yields 0.44%, so CPAI currently pays the higher dividend yield.
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