^SPNY vs. CPER

Last updated Apr 2, 2026

Compare and contrast key facts about S&P 500 Energy Index (^SPNY) and United States Copper Index Fund (CPER).

CPER is a passively managed fund by Concierge Technologies that tracks the performance of the SummerHaven Copper Index Total Return. It was launched on Nov 15, 2011.

Performance

^SPNY vs. CPER - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in S&P 500 Energy Index (^SPNY) and United States Copper Index Fund (CPER). The values are adjusted to include any dividend payments, if applicable.

^SPNY vs. CPER - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^SPNY S&P 500 Energy Index	37.24%	4.96%	2.31%	-4.80%	59.04%	47.74%	-37.31%	7.64%	-20.50%	-3.80%
CPER United States Copper Index Fund	-1.77%	38.95%	4.23%	4.55%	-15.14%	25.21%	23.90%	6.66%	-21.91%	28.80%

Returns By Period

In the year-to-date period, ^SPNY achieves a 37.24% return, which is significantly higher than CPER's -1.77% return. Over the past 10 years, ^SPNY has underperformed CPER with an annualized return of 7.54%, while CPER has yielded a comparatively higher 9.08% annualized return.

^SPNY

• 1D: -1.12%
• 1M: 8.20%
• YTD: 37.24%
• 6M: 38.20%
• 1Y: 31.03%
• 3Y*: 14.11%
• 5Y*: 19.96%
• 10Y*: 7.54%

CPER

• 1D: -0.26%
• 1M: -5.63%
• YTD: -1.77%
• 6M: 13.90%
• 1Y: 8.95%
• 3Y*: 11.25%
• 5Y*: 6.76%
• 10Y*: 9.08%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

^SPNY vs. CPER — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^SPNY

^SPNY Risk / Return Rank: 72
^SPNY Sharpe Ratio Rank: 82
^SPNY Sortino Ratio Rank: 79
^SPNY Omega Ratio Rank: 80
^SPNY Calmar Ratio Rank: 72
^SPNY Martin Ratio Rank: 49

CPER

CPER Risk / Return Rank: 19
CPER Sharpe Ratio Rank: 18
CPER Sortino Ratio Rank: 19
CPER Omega Ratio Rank: 22
CPER Calmar Ratio Rank: 19
CPER Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^SPNY vs. CPER - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for S&P 500 Energy Index (^SPNY) and United States Copper Index Fund (CPER). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	^SPNY	CPER	Difference
Sharpe ratio Return per unit of total volatility	1.30	0.24	+1.06
Sortino ratio Return per unit of downside risk	1.72	0.54	+1.17
Omega ratio Gain probability vs. loss probability	1.25	1.09	+0.16
Calmar ratio Return relative to maximum drawdown	1.80	0.35	+1.45
Martin ratio Return relative to average drawdown	4.28	0.71	+3.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^SPNY vs. CPER - Sharpe Ratio Comparison

The current ^SPNY Sharpe Ratio is 1.30, which is higher than the CPER Sharpe Ratio of 0.24. The chart below compares the historical Sharpe Ratios of ^SPNY and CPER, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	^SPNY	CPER	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	0.24	+1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.25	+0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.26	0.38	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.09	+0.18

Correlation

The correlation between ^SPNY and CPER is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

^SPNY vs. CPER - Drawdown Comparison

The maximum ^SPNY drawdown since its inception was -75.59%, which is greater than CPER's maximum drawdown of -54.04%. Use the drawdown chart below to compare losses from any high point for ^SPNY and CPER.

Drawdown Indicators

	^SPNY	CPER	Difference
Max Drawdown Largest peak-to-trough decline	-75.59%	-54.04%	-21.55%
Max Drawdown (1Y) Largest decline over 1 year	-18.43%	-24.77%	+6.34%
Max Drawdown (5Y) Largest decline over 5 years	-26.33%	-34.75%	+8.42%
Max Drawdown (10Y) Largest decline over 10 years	-68.94%	-38.42%	-30.52%
Current Drawdown Current decline from peak	-1.97%	-11.29%	+9.32%
Average Drawdown Average peak-to-trough decline	-16.81%	-25.65%	+8.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.76%	12.19%	-4.43%

Volatility

^SPNY vs. CPER - Volatility Comparison

The current volatility for S&P 500 Energy Index (^SPNY) is 5.10%, while United States Copper Index Fund (CPER) has a volatility of 9.07%. This indicates that ^SPNY experiences smaller price fluctuations and is considered to be less risky than CPER based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^SPNY	CPER	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.10%	9.07%	-3.97%
Volatility (6M) Calculated over the trailing 6-month period	14.02%	21.93%	-7.91%
Volatility (1Y) Calculated over the trailing 1-year period	24.60%	36.82%	-12.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.08%	26.85%	-0.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.45%	23.86%	+5.59%