CPAIvsMSSSETF Comparison
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Counterpoint Quantitative Equity ETF (CPAI) and Monarch Select Subsector Index ETF (MSSS) belong to the same industry segment: US Multi-Factor. CPAI's top 3 sector exposures are Technology, Healthcare and Energy. In contrast, MSSS's top sector exposures are Healthcare, Technology and Finance. CPAI is less expensive with a Total Expense Ratio (TER) of 0.97%, versus 1.42% for MSSS. CPAI is up 32.05% year-to-date (YTD) with +$271M in YTD flows. MSSS performs worse with 18.86% YTD performance, and +$15M in YTD flows. Run a side-by-side ETF comparison of CPAI and MSSS below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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CPAI vs MSSS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CPAI MSSS | +2.40%+2.14% | +4.61%+0.11% | +32.05%+18.86% | +34.77%+17.04% | n/an/a | n/an/a |
| Flows | CPAI MSSS | +$53M+$1M | +$119M+$6M | +$271M+$15M | +$316M+$11M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CPAI MSSS | +17.21%+11.45% | +20.28%+12.99% | n/an/a | n/an/a |
| Max drawdown | CPAI MSSS | -4.16%-7.67% | -10.51%-10.24% | n/an/a | n/an/a |
| Max drawdown duration | CPAI MSSS | 60d60d | 43d45d | n/an/a | n/an/a |
Trading data
CPAI | MSSS | |
Last sale 10/16/2026 at 1:30 PM | $52.05 | $35.88 |
| Previous close 10/16/2026 | $52.80 | $35.85 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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CPAI
is actively managed and doesn’t replicate an indexCPAI | MSSS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
CPAI | MSSS | |
|---|---|---|
| Last price | $52.05 | $35.88 |
| 1D performance | -1.42% | +0.08% |
| AuM | $508.13 M | $151.16 M |
| E/R | 0.97% | 1.42% |
Characteristics
CPAI | MSSS | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | CP ETFs | Monarch Fund |
| Benchmark | - | Monarch Select Subsector Index |
| N° of holdings | 50 | 492 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 28, 2023 | March 6, 2024 |
| ESG | No | No |
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Exposure
Countries
CPAI
USA
92.81%
Other
7.19%
MSSS
USA
90.89%
Other
9.11%
Sectors
CPAI
Technology
31.96%
Healthcare
28.66%
Energy
14.74%
Other
24.65%
MSSS
Healthcare
28.61%
Technology
21.88%
Finance
19.6%
Consumer Services
12.61%
Industrials
9.06%
Other
8.24%
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Diversification
CPAI
Total weight of top 15 holdings out of 15
38.86%
MSSS
Total weight of top 15 holdings out of 15
17.51%
Top 15 holdings
Data as of August 31, 2026
CPAI
10X Genomics, Inc.
3.34%
PBF Energy, Inc.
3.32%
AbCellera Biologics, Inc.
3.04%
Fastly, Inc.
2.61%
HP, Inc.
2.58%
APA Corp.
2.56%
Cenovus Energy, Inc.
2.54%
ConocoPhillips
2.45%
Cboe Global Markets, Inc.
2.44%
Super Micro Computer, Inc.
2.39%
NetApp, Inc.
2.39%
Occidental Petroleum Corp.
2.36%
Hewlett Packard Enterprise Co.
2.34%
McKesson Corp.
2.27%
Dell Technologies, Inc.
2.23%
MSSS
UnitedHealth Group, Inc.
2.06%
Abbott Laboratories
1.90%
Meta Platforms, Inc.
1.70%
CVS Health Corp.
1.35%
Intuitive Surgical, Inc.
1.32%
Stryker Corp.
1.10%
The Travelers Cos., Inc.
1.06%
Alphabet, Inc.
1.04%
Marsh & McLennan Cos., Inc.
0.99%
The Progressive Corp.
0.95%
Aon Plc
0.91%
Chubb Ltd.
0.90%
Alphabet, Inc.
0.83%
Elevance Health, Inc.
0.72%
Willis Towers Watson Plc
0.68%
Frequently asked questions about CPAI and MSSS
How have the CPAI and MSSS ETFs performed in 2026?
As of October 15, 2026, CPAI is up 32.05% year-to-date (YTD), while MSSS has returned 18.86%. That puts CPAI better performer ahead so far this year.
Which ETF is attracting more investor money: CPAI or MSSS?
Year-to-date, the CPAI ETF saw +$271M in flows, compared to +$15M for MSSS.
Which ETF is more volatile: CPAI or MSSS?
Over the past year, CPAI had a volatility of 20.28%, while MSSS experienced 12.99%.
Which ETF is bigger: CPAI or MSSS?
As of October 15, 2026, CPAI holds $508.13 M in assets under management (AUM), while MSSS manages $151.16 M.
What sectors do the CPAI and MSSS ETFs invest in?
CPAI leans toward sectors like Technology, Healthcare and Energy. Meanwhile, MSSS focuses on Healthcare, Technology and Finance.
What are the top holdings of the CPAI ETF and MSSS ETF?
CPAI top holdings include 10X Genomics, Inc., PBF Energy, Inc. and AbCellera Biologics, Inc.. MSSS holds in its top three: UnitedHealth Group, Inc., Abbott Laboratories and Meta Platforms, Inc..
Which ETF is more diversified: CPAI or MSSS?
CPAI holds 50 securities with 38.86% of its assets in the top 15. MSSS has 495 securities and a top 15 weight of 17.51%.
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