CPER vs. COPX
Compare and contrast key facts about United States Copper Index Fund (CPER) and Global X Copper Miners ETF (COPX).
CPER and COPX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. COPX is a passively managed fund by Global X that tracks the performance of the Solactive Global Copper Miners Index. It was launched on Apr 19, 2010. Both CPER and COPX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CPER or COPX.
Key characteristics
| CPER | COPX | |
|---|---|---|
| YTD Return | 15.99% | 21.87% |
| 1Y Return | 18.74% | 20.20% |
| 3Y Return (Ann) | 0.08% | 7.08% |
| 5Y Return (Ann) | 9.70% | 18.95% |
| 10Y Return (Ann) | 3.27% | 6.97% |
| Sharpe Ratio | 1.01 | 0.70 |
| Daily Std Dev | 17.94% | 28.55% |
| Max Drawdown | -54.04% | -83.16% |
| Current Drawdown | -6.35% | -4.83% |
Correlation
The correlation between CPER and COPX is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CPER vs. COPX - Performance Comparison
In the year-to-date period, CPER achieves a 15.99% return, which is significantly lower than COPX's 21.87% return. Over the past 10 years, CPER has underperformed COPX with an annualized return of 3.27%, while COPX has yielded a comparatively higher 6.97% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CPER vs. COPX - Expense Ratio Comparison
CPER has a 0.80% expense ratio, which is higher than COPX's 0.65% expense ratio.
Risk-Adjusted Performance
CPER vs. COPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Copper Index Fund (CPER) and Global X Copper Miners ETF (COPX). 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.
Dividends
CPER vs. COPX - Dividend Comparison
CPER has not paid dividends to shareholders, while COPX's dividend yield for the trailing twelve months is around 1.96%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPER United States Copper Index Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
COPX Global X Copper Miners ETF | 1.96% | 2.39% | 3.14% | 1.48% | 1.30% | 1.37% | 2.59% | 1.57% | 0.60% | 1.20% | 2.31% | 0.71% |
Drawdowns
CPER vs. COPX - Drawdown Comparison
The maximum CPER drawdown since its inception was -54.04%, smaller than the maximum COPX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for CPER and COPX. For additional features, visit the drawdowns tool.
Volatility
CPER vs. COPX - Volatility Comparison
The current volatility for United States Copper Index Fund (CPER) is 6.12%, while Global X Copper Miners ETF (COPX) has a volatility of 8.67%. This indicates that CPER experiences smaller price fluctuations and is considered to be less risky than COPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.