CPER vs. GLNCY
CPER (United States Copper Index Fund) is Copper fund tracking the SummerHaven Copper Index Total Return, while GLNCY (Glencore PLC ADR) is a stock. Over the past 10 years, CPER returned 10.37%/yr vs 18.37%/yr for GLNCY. At a 0.49 correlation, their price movements are largely independent.
Performance
CPER vs. GLNCY - Performance Comparison
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Returns By Period
In the year-to-date period, CPER achieves a 6.75% return, which is significantly lower than GLNCY's 29.99% return. Over the past 10 years, CPER has underperformed GLNCY with an annualized return of 10.37%, while GLNCY has yielded a comparatively higher 18.37% annualized return.
CPER
- 1D
- -3.84%
- 1M
- -4.11%
- YTD
- 6.75%
- 6M
- 9.28%
- 1Y
- 21.76%
- 3Y*
- 16.60%
- 5Y*
- 7.10%
- 10Y*
- 10.37%
GLNCY
- 1D
- -4.94%
- 1M
- -8.53%
- YTD
- 29.99%
- 6M
- 34.04%
- 1Y
- 86.14%
- 3Y*
- 12.90%
- 5Y*
- 15.44%
- 10Y*
- 18.37%
CPER vs. GLNCY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CPER United States Copper Index Fund | 6.75% | 38.95% | 4.23% | 4.55% | -15.14% | 25.21% | 23.90% | 6.66% | -21.91% | 28.80% |
GLNCY Glencore PLC ADR | 29.99% | 28.74% | -25.38% | -1.13% | 40.92% | 66.50% | 1.46% | -10.33% | -27.77% | 56.55% |
Correlation
The correlation between CPER and GLNCY is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2011 | 0.49 |
The correlation between CPER and GLNCY shifts across timeframes, from 0.49 (all time) to 0.59 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CPER vs. GLNCY — Risk / Return Rank
CPER
GLNCY
CPER vs. GLNCY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Copper Index Fund (CPER) and Glencore PLC ADR (GLNCY). 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.
| CPER | GLNCY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.39 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 5.62 | -4.74 |
| Martin ratioReturn relative to average drawdown | 1.82 | 16.98 | -15.16 |
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Drawdowns
CPER vs. GLNCY - Drawdown Comparison
The maximum CPER drawdown since its inception was -54.04%, smaller than the maximum GLNCY drawdown of -85.04%. Use the drawdown chart below to compare losses from any high point for CPER and GLNCY.
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Drawdown Indicators
| CPER | GLNCY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.04% | -85.04% | +31.00% |
Max Drawdown (1Y)Largest decline over 1 year | -24.77% | -15.41% | -9.36% |
Max Drawdown (3Y)Largest decline over 3 years | -24.77% | -53.44% | +28.67% |
Max Drawdown (5Y)Largest decline over 5 years | -34.75% | -54.06% | +19.31% |
Max Drawdown (10Y)Largest decline over 10 years | -38.42% | -76.10% | +37.68% |
Current DrawdownCurrent decline from peak | -8.08% | -15.41% | +7.33% |
Average DrawdownAverage peak-to-trough decline | -25.32% | -32.24% | +6.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.97% | 5.10% | +6.87% |
Volatility
CPER vs. GLNCY - Volatility Comparison
The current volatility for United States Copper Index Fund (CPER) is 9.34%, while Glencore PLC ADR (GLNCY) has a volatility of 13.70%. This indicates that CPER experiences smaller price fluctuations and is considered to be less risky than GLNCY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CPER | GLNCY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.34% | 13.70% | -4.36% |
Volatility (6M)Calculated over the trailing 6-month period | 23.62% | 26.34% | -2.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.07% | 34.81% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.06% | 35.84% | -8.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.11% | 38.58% | -14.47% |
Dividends
CPER vs. GLNCY - Dividend Comparison
CPER has not paid dividends to shareholders, while GLNCY's dividend yield for the trailing twelve months is around 1.92%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
GLNCY Glencore PLC ADR | 1.92% | 1.83% | 2.98% | 8.68% | 5.56% | 3.00% | 0.00% | 5.50% | 4.70% | 1.08% | 0.00% | 13.64% |
Frequently Asked Questions
CPER and GLNCY have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLNCY has higher volatility (13.70%) compared to CPER (9.34%). In terms of maximum drawdown, CPER dropped -54.04% vs GLNCY's -85.04%.
GLNCY currently has the higher Sharpe Ratio (2.49 vs 0.62), 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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