CPAI
Counterpoint Quantitative Equity ETF
Counterpoint Quantitative Equity ETF seeks to provide long-term capital appreciation by investing in a diversified portfolio of U.S. equities identified through a systematic quantitative investment process.
US
EQUITY
Active
MANAGEMENT STYLE
$ 364.9 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Inception date | Nov 28, 2023 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| A-MARK PRECIOUS METALS, INC. | 1,000.0 % |
| ASTERA LABS INC | 79.7 % |
| MICRON TECHNOLOGY INC | 71.0 % |
| CREDO TECHNOLOGY GROUP HOLDING LTD. | 61.6 % |
| CENTENE CORP | 39.4 % |
| AMN HEALTHCARE SERVICES INC | 35.8 % |
| TENABLE HOLDINGS, INC. | 33.7 % |
| LIGHTPATH TECHNOLOGIES INC-A | 32.0 % |
| TERADYNE INC | 31.3 % |
| VIAVI SOLUTIONS INC. | 30.0 % |
Constituent Breakdown
| Number of holdings | 51 |
| Herfindahl-Hirschman Index | 1,037,428 |
| Wgt avg mkt cap (mns) | $1,422,447 |
| Large cap (>$10bn) | 606.9% |
| Mid cap ($2-10bn) | 349.9% |
| Small cap (<$2bn) | 1,170.5% |
| Developed mkts. | 1,108.6% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 1,000.0 % |
 |
GREECE | 23.9 % |
 |
LUXEMBOURG | 23.9 % |
 |
CANADA | 22.7 % |
 |
ISRAEL | 22.0 % |
 |
BERMUDA | 16.1 % |
Historical Performance
Standardized Performance (as of 07/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 26.1% | 41.5% | 25.5% | -- | -- | -- | -- | 29.8% |
| Dividend Yield | 0.0% | 0.0% | 0.2% | -- | -- | -- | -- | 0.2% |
| Total Returns | 26.1% | 41.5% | 25.7% | -- | -- | -- | -- | 30.1% | Ann. Volatility | 22.2% | 19.8% | 21.0% | -- | -- | -- | -- | 19.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.18 | 59% |
| MSCI EAFE | 0.86 | 47% |
| MSCI Emg Mkts | 0.58 | 52% |
Liquidity Measures
| Avg. volume (000) | 59 |
| ADV traded (mns) | $3 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.16% |
Technical Indicators
| 30d moving avg. (EMA) | $50.40 |
| Relative strength (RSI) | 53 |
| MACD/Signal | -0.05/0.02 |
| Bollinger Bands (Upper/Lower) | $51.91/$49.33 |
| Short interest (% of AUM) | 0.2% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CPAI |
Expenses vs. CPAI |
ALTAR Score™ vs. CPAI |
|---|---|---|---|---|
| CVY | Invesco Zacks Multi-Asset Income ETF | 39.2% | +31 bp | +5.2% |
| IHE | iShares U.S. Pharmaceuticals ETF | 34.4% | -35 bp | -0.6% |
| PPH | VanEck Pharmaceutical ETF | 28.1% | -39 bp | +2.2% |
| VLUE | iShares MSCI USA Value Factor ETF | 26.3% | -60 bp | +1.1% |
| IGPT | Invesco AI and Next Gen Software ETF | 24.8% | -15 bp | -2.2% |
| MEDX | Horizon Kinetics Medical ETF | 24.3% | +10 bp | -4.0% |
| JIVE | JPMorgan International Value ETF | 23.9% | -20 bp | +3.1% |
| KNO | AXS Knowledge Leaders ETF | 23.4% | +3 bp | -1.3% |
| LVDS | JPMorgan Fundamental Data Science Large Value ETF | 23.0% | -26 bp | -0.4% |
| MEDI | Harbor Health Care ETF | 21.6% | +5 bp | -6.4% |
Risk and Returns: CPAI vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 8/9/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
5.5%
ALTAR SCORE™
56th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 1,402 funds in the US Equity category with an average
ALTAR Score™ of 5.2% and a standard deviation
of 2.0%. CPAI's ALTAR Score™ is approximately 0.1 standard
deviations above the category average. This places CPAI in the 56th percentile
among funds in the category.
Sell-Side Consensus
$63.82
PRICE TARGET
+25.0%
UPSIDE