CPER vs. IGV
CPER (United States Copper Index Fund) and IGV (iShares Expanded Tech-Software Sector ETF) are both exchange-traded funds - CPER is a Metals fund tracking the SummerHaven Copper Index Total Return, while IGV is a Technology Equities fund tracking the S&P North American Expanded Technology Software Index. Both are passively managed. Over the past 10 years, CPER returned 11.08%/yr vs 16.44%/yr for IGV. At a 0.24 correlation, their price movements are largely independent. CPER charges 1.06%/yr vs 0.39%/yr for IGV.
Performance
CPER vs. IGV - Performance Comparison
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Returns By Period
In the year-to-date period, CPER achieves a 10.27% return, which is significantly higher than IGV's -9.50% return. Over the past 10 years, CPER has underperformed IGV with an annualized return of 11.08%, while IGV has yielded a comparatively higher 16.44% annualized return.
CPER
- 1D
- 1.23%
- 1M
- 0.73%
- YTD
- 10.27%
- 6M
- 15.97%
- 1Y
- 27.52%
- 3Y*
- 18.31%
- 5Y*
- 6.72%
- 10Y*
- 11.08%
IGV
- 1D
- -0.21%
- 1M
- 4.94%
- YTD
- -9.50%
- 6M
- -12.57%
- 1Y
- -9.75%
- 3Y*
- 13.14%
- 5Y*
- 5.60%
- 10Y*
- 16.44%
CPER vs. IGV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CPER United States Copper Index Fund | 10.27% | 38.95% | 4.23% | 4.55% | -15.14% | 25.21% | 23.90% | 6.66% | -21.91% | 28.80% |
IGV iShares Expanded Tech-Software Sector ETF | -9.50% | 5.56% | 23.41% | 58.56% | -35.65% | 12.30% | 52.86% | 34.33% | 12.44% | 42.16% |
Correlation
The correlation between CPER and IGV is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2011 | 0.24 |
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Return for Risk
CPER vs. IGV — Risk / Return Rank
CPER
IGV
CPER vs. IGV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Copper Index Fund (CPER) and iShares Expanded Tech-Software Sector ETF (IGV). 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 | IGV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.96 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | -0.27 | +1.38 |
| Martin ratioReturn relative to average drawdown | 2.31 | -0.56 | +2.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CPER | IGV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | -0.35 | +1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.20 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.63 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.36 | -0.23 |
Drawdowns
CPER vs. IGV - Drawdown Comparison
The maximum CPER drawdown since its inception was -54.04%, smaller than the maximum IGV drawdown of -63.45%. Use the drawdown chart below to compare losses from any high point for CPER and IGV.
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Drawdown Indicators
| CPER | IGV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.04% | -63.45% | +9.41% |
Max Drawdown (1Y)Largest decline over 1 year | -24.77% | -36.61% | +11.84% |
Max Drawdown (3Y)Largest decline over 3 years | -24.77% | -36.61% | +11.84% |
Max Drawdown (5Y)Largest decline over 5 years | -34.75% | -45.85% | +11.10% |
Max Drawdown (10Y)Largest decline over 10 years | -38.42% | -45.85% | +7.43% |
Current DrawdownCurrent decline from peak | -5.05% | -18.80% | +13.75% |
Average DrawdownAverage peak-to-trough decline | -25.39% | -14.45% | -10.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.94% | 17.33% | -5.39% |
Volatility
CPER vs. IGV - Volatility Comparison
The current volatility for United States Copper Index Fund (CPER) is 10.22%, while iShares Expanded Tech-Software Sector ETF (IGV) has a volatility of 12.20%. This indicates that CPER experiences smaller price fluctuations and is considered to be less risky than IGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CPER | IGV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.22% | 12.20% | -1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 23.14% | 24.65% | -1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.78% | 27.93% | +6.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.04% | 27.90% | -0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.07% | 26.38% | -2.31% |
CPER vs. IGV - Expense Ratio Comparison
CPER has a 1.06% expense ratio, which is higher than IGV's 0.39% expense ratio.
Dividends
CPER vs. IGV - Dividend Comparison
Neither CPER nor IGV has paid dividends to shareholders.
| 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% |
IGV iShares Expanded Tech-Software Sector ETF | 0.00% | 0.00% | 0.00% | 0.01% | 0.01% | 0.00% | 0.35% | 0.02% | 0.16% | 0.09% | 0.82% | 0.22% |
Frequently Asked Questions
CPER and IGV have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGV has higher volatility (12.20%) compared to CPER (10.22%). In terms of maximum drawdown, CPER dropped -54.04% vs IGV's -63.45%.
On 10-year performance, IGV leads with 16.44% vs 11.08% for CPER. On fees, IGV is cheaper at 0.39% per year. On volatility, CPER has been the lower-risk option at 10.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IGV has performed better with a 16.44% return vs 11.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGV is cheaper with a 0.39% expense ratio, compared with 1.06% for CPER.
CPER and IGV have nearly identical dividend yields, around 0.00%.
CPER is categorized as Metals, while IGV is Technology Equities. CPER tracks SummerHaven Copper Index Total Return, while IGV tracks S&P North American Expanded Technology Software Index. They also come from different issuers: USCF and iShares. Their fees differ too: 1.06% for CPER and 0.39% for IGV.
CPER currently has the higher Sharpe Ratio (0.80 vs -0.35), 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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