CPER vs. ^SPNY

Last updated Apr 2, 2026

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

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

CPER vs. ^SPNY - Performance Comparison

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

CPER vs. ^SPNY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
^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%

Returns By Period

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

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%

^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%

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

Return for Risk

CPER vs. ^SPNY — Risk / Return Rank

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

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

^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

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.

CPER vs. ^SPNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for United States Copper Index Fund (CPER) and S&P 500 Energy Index (^SPNY). 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.

	CPER	^SPNY	Difference
Sharpe ratio Return per unit of total volatility	0.24	1.30	-1.06
Sortino ratio Return per unit of downside risk	0.54	1.72	-1.17
Omega ratio Gain probability vs. loss probability	1.09	1.25	-0.16
Calmar ratio Return relative to maximum drawdown	0.35	1.80	-1.45
Martin ratio Return relative to average drawdown	0.71	4.28	-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.

CPER vs. ^SPNY - Sharpe Ratio Comparison

The current CPER Sharpe Ratio is 0.24, which is lower than the ^SPNY Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of CPER and ^SPNY, 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

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

Correlation

The correlation between CPER and ^SPNY 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

CPER vs. ^SPNY - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

CPER vs. ^SPNY - Volatility Comparison

United States Copper Index Fund (CPER) has a higher volatility of 9.07% compared to S&P 500 Energy Index (^SPNY) at 5.10%. This indicates that CPER's price experiences larger fluctuations and is considered to be riskier than ^SPNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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