MSSSvsCPAIETF Comparison
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Monarch Select Subsector Index ETF (MSSS) and Counterpoint Quantitative Equity ETF (CPAI) belong to the same industry segment: US Multi-Factor. MSSS's top 3 sector exposures are Healthcare, Technology and Finance. In contrast, CPAI's top sector exposures are Technology, Healthcare and Energy. MSSS is more expensive with a Total Expense Ratio (TER) of 1.42%, versus 0.97% for CPAI. MSSS is up 18.86% year-to-date (YTD) with +$15M in YTD flows. CPAI performs better with 32.05% YTD performance, and +$271M in YTD flows. Run a side-by-side ETF comparison of MSSS and CPAI 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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MSSS vs CPAI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MSSS CPAI | +2.14%+2.40% | +0.11%+4.61% | +18.86%+32.05% | +17.04%+34.77% | n/an/a | n/an/a |
| Flows | MSSS CPAI | +$1M+$53M | +$6M+$119M | +$15M+$271M | +$11M+$316M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MSSS CPAI | +11.45%+17.21% | +12.99%+20.28% | n/an/a | n/an/a |
| Max drawdown | MSSS CPAI | -7.67%-4.16% | -10.24%-10.51% | n/an/a | n/an/a |
| Max drawdown duration | MSSS CPAI | 60d60d | 45d43d | n/an/a | n/an/a |
Trading data
MSSS | CPAI | |
Last sale 10/16/2026 at 1:30 PM | $35.88 | $52.05 |
| Previous close 10/15/2026 | $35.85 | $52.80 |
| Consolidated volume 10/15/2026 | ||
| 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 indexMSSS | CPAI | |
|---|---|---|
| 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
MSSS | CPAI | |
|---|---|---|
| Last price | $35.88 | $52.05 |
| 1D performance | +0.08% | -1.42% |
| AuM | $151.16 M | $508.13 M |
| E/R | 1.42% | 0.97% |
Characteristics
MSSS | CPAI | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Monarch Fund | CP ETFs |
| Benchmark | Monarch Select Subsector Index | - |
| N° of holdings | 492 | 50 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 6, 2024 | November 28, 2023 |
| ESG | No | No |
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Exposure
Countries
MSSS
USA
90.89%
Other
9.11%
CPAI
USA
92.81%
Other
7.19%
Sectors
MSSS
Healthcare
28.61%
Technology
21.88%
Finance
19.6%
Consumer Services
12.61%
Industrials
9.06%
Other
8.24%
CPAI
Technology
31.96%
Healthcare
28.66%
Energy
14.74%
Other
24.65%
Diversification
MSSS
Total weight of top 15 holdings out of 15
17.51%
CPAI
Total weight of top 15 holdings out of 15
38.86%
Top 15 holdings
Data as of August 31, 2026
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%
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%
Frequently asked questions about MSSS and CPAI
How have the MSSS and CPAI ETFs performed in 2026?
As of October 15, 2026, MSSS is up 18.86% year-to-date (YTD), while CPAI has returned 32.05%. That puts CPAI better performer ahead so far this year.
Which ETF is attracting more investor money: MSSS or CPAI?
Year-to-date, the MSSS ETF saw +$15M in flows, compared to +$271M for CPAI.
Which ETF is more volatile: MSSS or CPAI?
Over the past year, MSSS had a volatility of 12.99%, while CPAI experienced 20.28%.
Which ETF is bigger: MSSS or CPAI?
As of October 15, 2026, MSSS holds $151.16 M in assets under management (AUM), while CPAI manages $508.13 M.
What sectors do the MSSS and CPAI ETFs invest in?
MSSS leans toward sectors like Healthcare, Technology and Finance. Meanwhile, CPAI focuses on Technology, Healthcare and Energy.
What are the top holdings of the MSSS ETF and CPAI ETF?
MSSS top holdings include UnitedHealth Group, Inc., Abbott Laboratories and Meta Platforms, Inc.. CPAI holds in its top three: 10X Genomics, Inc., PBF Energy, Inc. and AbCellera Biologics, Inc..
Which ETF is more diversified: MSSS or CPAI?
MSSS holds 495 securities with 17.51% of its assets in the top 15. CPAI has 50 securities and a top 15 weight of 38.86%.
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