COPLX vs. CPER
COPLX (Copley Fund) and CPER (United States Copper Index Fund) are both funds - COPLX is a Large Cap Value Equities fund managed by Copley, while CPER is a Copper fund tracking the SummerHaven Copper Index Total Return. Over the past 10 years, COPLX returned 11.15%/yr vs 10.57%/yr for CPER. Their 0.25 correlation means their historical movements had little consistent relationship. COPLX charges 2.37%/yr vs 1.06%/yr for CPER.
Performance
COPLX vs. CPER - Performance Comparison
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Returns By Period
In the year-to-date period, COPLX achieves a 10.44% return, which is significantly lower than CPER's 13.16% return. Over the past 10 years, COPLX has outperformed CPER with an annualized return of 11.15%, while CPER has yielded a comparatively lower 10.57% annualized return.
COPLX
- 1D
- 0.33%
- 1M
- 1.98%
- 6M
- 10.55%
- YTD
- 10.44%
- 1Y
- 19.09%
- 3Y*
- 16.08%
- 5Y*
- 10.24%
- 10Y*
- 11.15%
- ALL TIME*
- 7.80%
CPER
- 1D
- 0.56%
- 1M
- 6.09%
- 6M
- 8.59%
- YTD
- 13.16%
- 1Y
- 43.49%
- 3Y*
- 17.80%
- 5Y*
- 7.64%
- 10Y*
- 10.57%
- ALL TIME*
- 3.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
COPLX Copley Fund | $0.00 | $0.00 | $0.00 |
| $16.98M | $14.74M | $24.58M |
COPLX vs. CPER - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COPLX Copley Fund | 10.44% | 16.24% | 18.18% | 17.33% | -15.21% | 18.39% | 1.09% | 25.59% | 15.65% | 9.49% |
CPER United States Copper Index Fund | 13.16% | 38.95% | 4.23% | 4.55% | -15.14% | 25.21% | 23.90% | 6.66% | -21.91% | 28.80% |
Correlation
The correlation between COPLX and CPER is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2011 | 0.25 |
The correlation between COPLX and CPER shifts across timeframes, from 0.25 (all time) to 0.41 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
COPLX vs. CPER — Risk / Return Rank
COPLX
CPER
COPLX vs. CPER - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Copley Fund (COPLX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| COPLX | CPER | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.28 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 2.70 | -0.46 |
| Martin ratioReturn relative to average drawdown | 7.58 | 8.40 | -0.82 |
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Drawdowns
COPLX vs. CPER - Drawdown Comparison
The maximum COPLX drawdown since its inception was -44.70%, smaller than the maximum CPER drawdown of -54.04%. Use the drawdown chart below to compare losses from any high point for COPLX and CPER.
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Drawdown Indicators
| COPLX | CPER | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.70% | -54.04% | +9.34% |
Max Drawdown (1Y)Largest decline over 1 year | -7.88% | -16.43% | +8.55% |
Max Drawdown (3Y)Largest decline over 3 years | -18.21% | -24.77% | +6.56% |
Max Drawdown (5Y)Largest decline over 5 years | -20.23% | -34.75% | +14.52% |
Max Drawdown (10Y)Largest decline over 10 years | -36.61% | -38.42% | +1.81% |
Current DrawdownCurrent decline from peak | -0.71% | -2.56% | +1.85% |
Average DrawdownAverage peak-to-trough decline | -8.92% | -25.19% | +16.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 5.26% | -2.93% |
Volatility
COPLX vs. CPER - Volatility Comparison
The current volatility for Copley Fund (COPLX) is 3.06%, while United States Copper Index Fund (CPER) has a volatility of 6.29%. This indicates that COPLX 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.
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Volatility by Period
| COPLX | CPER | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 6.29% | -3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 8.18% | 21.59% | -13.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.76% | 28.15% | -17.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.03% | 27.08% | -13.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 24.11% | -7.48% |
COPLX vs. CPER - Expense Ratio Comparison
COPLX has a 2.37% expense ratio, which is higher than CPER's 1.06% expense ratio.
Dividends
COPLX vs. CPER - Dividend Comparison
Neither COPLX nor CPER has paid dividends to shareholders.
Frequently Asked Questions
COPLX and CPER have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CPER has higher volatility (6.29%) compared to COPLX (3.06%). In terms of maximum drawdown, COPLX dropped -44.70% vs CPER's -54.04%.
COPLX currently has the higher Sharpe Ratio (1.64 vs 1.58), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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