CPER vs. CSTM

Last updated Apr 2, 2026

Compare and contrast key facts about United States Copper Index Fund (CPER) and Constellium SE (CSTM).

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. CSTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in United States Copper Index Fund (CPER) and Constellium SE (CSTM). The values are adjusted to include any dividend payments, if applicable.

CPER vs. CSTM - 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%
CSTM Constellium SE	44.93%	83.54%	-48.55%	68.72%	-33.95%	28.02%	4.40%	91.70%	-37.31%	88.98%

Returns By Period

In the year-to-date period, CPER achieves a -1.77% return, which is significantly lower than CSTM's 44.93% return. Over the past 10 years, CPER has underperformed CSTM with an annualized return of 9.08%, while CSTM has yielded a comparatively higher 18.27% 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%

CSTM

• 1D: 11.15%
• 1M: 4.83%
• YTD: 44.93%
• 6M: 81.41%
• 1Y: 169.69%
• 3Y*: 21.37%
• 5Y*: 12.92%
• 10Y*: 18.27%

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

Return for Risk

CPER vs. CSTM — 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

CSTM

CSTM Risk / Return Rank: 96
CSTM Sharpe Ratio Rank: 97
CSTM Sortino Ratio Rank: 95
CSTM Omega Ratio Rank: 93
CSTM Calmar Ratio Rank: 96
CSTM Martin Ratio Rank: 98

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. CSTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for United States Copper Index Fund (CPER) and Constellium SE (CSTM). 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	CSTM	Difference
Sharpe ratio Return per unit of total volatility	0.24	3.30	-3.05
Sortino ratio Return per unit of downside risk	0.54	3.65	-3.10
Omega ratio Gain probability vs. loss probability	1.09	1.45	-0.36
Calmar ratio Return relative to maximum drawdown	0.35	6.76	-6.41
Martin ratio Return relative to average drawdown	0.71	25.73	-25.02
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. CSTM - Sharpe Ratio Comparison

The current CPER Sharpe Ratio is 0.24, which is lower than the CSTM Sharpe Ratio of 3.30. The chart below compares the historical Sharpe Ratios of CPER and CSTM, 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	CSTM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.24	3.30	-3.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	0.28	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	0.32	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.09	+0.01

Correlation

The correlation between CPER and CSTM is 0.25, 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.

Dividends

CPER vs. CSTM - Dividend Comparison

Neither CPER nor CSTM has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

CPER vs. CSTM - Drawdown Comparison

The maximum CPER drawdown since its inception was -54.04%, smaller than the maximum CSTM drawdown of -88.70%. Use the drawdown chart below to compare losses from any high point for CPER and CSTM.

Drawdown Indicators

	CPER	CSTM	Difference
Max Drawdown Largest peak-to-trough decline	-54.04%	-88.70%	+34.66%
Max Drawdown (1Y) Largest decline over 1 year	-24.77%	-25.24%	+0.47%
Max Drawdown (5Y) Largest decline over 5 years	-34.75%	-66.35%	+31.60%
Max Drawdown (10Y) Largest decline over 10 years	-38.42%	-72.30%	+33.88%
Current Drawdown Current decline from peak	-11.29%	-15.65%	+4.36%
Average Drawdown Average peak-to-trough decline	-25.65%	-54.50%	+28.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.19%	6.64%	+5.55%

Volatility

CPER vs. CSTM - Volatility Comparison

The current volatility for United States Copper Index Fund (CPER) is 9.07%, while Constellium SE (CSTM) has a volatility of 20.12%. This indicates that CPER experiences smaller price fluctuations and is considered to be less risky than CSTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPER	CSTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.07%	20.12%	-11.05%
Volatility (6M) Calculated over the trailing 6-month period	21.93%	33.27%	-11.34%
Volatility (1Y) Calculated over the trailing 1-year period	36.82%	51.78%	-14.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.85%	46.63%	-19.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.86%	56.62%	-32.76%