CPAI vs. MJ ETF Comparison

Comparison of Counterpoint Quantitative Equity ETF (CPAI) to ETFMG Alternative Harvest ETF (MJ)
CPAI

Counterpoint Quantitative Equity ETF

CPAI Description

CPAI employs a quantitative, model-driven strategy that integrates quantitative analysis and machine learning insights to navigate diverse market conditions. The portfolio consists of at least 50 US-listed companies of any capitalization or ADRs. The selection process relies on advanced quantitative models leveraging machine learning technology, considering over 30 variables related to value, long-term reversal, momentum, profitability, investor sentiment, and stock price stability. Additionally, the Adviser backtests variable combinations considered to be supported by economic reasoning or investor behavioral biases. The models continually learn and adapt relationships between input variables and realized historic returns, updating during quarterly portfolio rebalances. Moreover, rebalancing ensures the portfolio aligns with the models' rankings, with adjustments made to limit sector exposure to 35% or less.

Grade (RS Rating)

Last Trade

$33.56

Average Daily Volume

5,708

Number of Holdings *

50

* may have additional holdings in another (foreign) market
MJ

ETFMG Alternative Harvest ETF

MJ Description MJ tracks the Prime Alternative Harvest Index, designed to measure the performance of companies within the cannabis ecosystem benefitting from global medicinal and recreational cannabis legalization initiatives. First U.S. and world’s largest ETF to target the global cannabis industry. Many other significant applications for cannabis and THC based medicines and treatments ranging from epilepsy to cancer treatment to non-opioid pain management. The global cannabis market is expected to grow at a CAGR of around 17% and reach $55.8 billion by 2025.¹

Grade (RS Rating)

Last Trade

$3.20

Average Daily Volume

729,415

Number of Holdings *

14

* may have additional holdings in another (foreign) market
Performance
Period CPAI MJ
30 Days 1.52% 0.00%
60 Days 4.82% 2.13%
90 Days 11.66% -3.33%
12 Months 18.03%
0 Overlapping Holdings
Symbol Grade Weight in CPAI Weight in MJ Overlap
CPAI Overweight 50 Positions Relative to MJ
Symbol Grade Weight
TDS B 2.39%
TRGP A 2.25%
SKYW A 2.23%
IAG B 2.19%
SFM A 2.19%
CLBT A 2.17%
CARG B 2.14%
EQH B 2.14%
OKE B 2.12%
UNM A 2.09%
BRBR A 2.09%
LDOS A 2.09%
FTI B 2.07%
COR A 2.07%
RTX C 2.06%
GDDY A 2.05%
MSI B 2.05%
ORCL B 2.04%
FTDR B 2.04%
LLY F 2.04%
NTGR A 2.03%
META B 2.02%
WES D 2.0%
CAH B 2.0%
GOOGL A 2.0%
PRM A 2.0%
WBA C 2.0%
NYT A 1.99%
MSFT D 1.99%
CNO A 1.99%
PBI A 1.99%
AAPL C 1.99%
VIRT A 1.99%
GNW D 1.98%
LESL F 1.94%
ACIW C 1.94%
PAA D 1.93%
PAGP D 1.92%
HTZ F 1.92%
TJX D 1.92%
BRC D 1.91%
PGR D 1.91%
ROST F 1.89%
ZIM A 1.85%
MHO D 1.85%
HCA D 1.79%
CVLT B 1.76%
UHS D 1.73%
THC C 1.71%
AGL F 1.41%
CPAI Underweight 14 Positions Relative to MJ
Symbol Grade Weight
IIPR C -7.69%
TLRY F -6.84%
SNDL B -5.88%
REFI D -2.46%
HITI B -2.07%
AFCG F -1.71%
OGI D -1.5%
GRWG C -1.32%
TPB A -0.74%
SMG A -0.73%
PM A -0.71%
MAPS F -0.71%
MO A -0.62%
JAZZ D -0.61%
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