CPER vs. GLD
Compare and contrast key facts about United States Copper Index Fund (CPER) and SPDR Gold Trust (GLD).
CPER and GLD 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. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004. Both CPER and GLD 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 GLD.
Key characteristics
| CPER | GLD | |
|---|---|---|
| YTD Return | 7.95% | 25.57% |
| 1Y Return | 14.15% | 32.98% |
| 3Y Return (Ann) | -1.41% | 11.27% |
| 5Y Return (Ann) | 9.60% | 11.66% |
| 10Y Return (Ann) | 2.58% | 7.71% |
| Sharpe Ratio | 0.71 | 2.29 |
| Sortino Ratio | 1.09 | 3.03 |
| Omega Ratio | 1.13 | 1.40 |
| Calmar Ratio | 0.68 | 4.89 |
| Martin Ratio | 1.64 | 14.85 |
| Ulcer Index | 9.79% | 2.27% |
| Daily Std Dev | 22.76% | 14.75% |
| Max Drawdown | -54.04% | -45.56% |
| Current Drawdown | -16.95% | -6.78% |
Correlation
The correlation between CPER and GLD is 0.23, 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.
Performance
CPER vs. GLD - Performance Comparison
In the year-to-date period, CPER achieves a 7.95% return, which is significantly lower than GLD's 25.57% return. Over the past 10 years, CPER has underperformed GLD with an annualized return of 2.58%, while GLD has yielded a comparatively higher 7.71% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
CPER vs. GLD - Expense Ratio Comparison
CPER has a 0.80% expense ratio, which is higher than GLD's 0.40% expense ratio.
Risk-Adjusted Performance
CPER vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Copper Index Fund (CPER) and SPDR Gold Trust (GLD). 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. GLD - Dividend Comparison
Neither CPER nor GLD has paid dividends to shareholders.
Drawdowns
CPER vs. GLD - Drawdown Comparison
The maximum CPER drawdown since its inception was -54.04%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for CPER and GLD. For additional features, visit the drawdowns tool.
Volatility
CPER vs. GLD - Volatility Comparison
United States Copper Index Fund (CPER) has a higher volatility of 8.34% compared to SPDR Gold Trust (GLD) at 5.42%. This indicates that CPER's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.