CPER vs. KCOP

Last updated Aug 2, 2026

CPER (United States Copper Index Fund) and KCOP (Kurv Copper & Mining Enhanced Income ETF) are both Copper funds. CPER is passively managed, while KCOP is actively managed. Their correlation of 0.91 means they have usually moved in the same direction. CPER charges 1.06%/yr vs 0.99%/yr for KCOP.

Performance

CPER vs. KCOP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in United States Copper Index Fund (CPER) and Kurv Copper & Mining Enhanced Income ETF (KCOP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CPER

• 1D: 0.56%
• 1M: 6.09%
• 6M: 8.59%
• YTD: 13.16%
• 1Y: 43.49%
• 3Y*: 17.80%
• 5Y*: 7.64%
• 10Y*: 10.57%
• ALL TIME*: 3.14%

KCOP

• 1D: -0.82%
• 1M: 4.57%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CPER United States Copper Index Fund	$16.98M	$14.74M	$24.58M
KCOP Kurv Copper & Mining Enhanced Income ETF	$249.14K	$314.36K	$548.92K

CPER vs. KCOP - Yearly Performance Comparison

	2026 (YTD)
CPER United States Copper Index Fund	11.41%
KCOP Kurv Copper & Mining Enhanced Income ETF	-2.34%

Correlation

The correlation between CPER and KCOP is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 13, 2026	0.91

Return for Risk

CPER vs. KCOP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CPER

CPER Risk / Return Rank: 70
CPER Sharpe Ratio Rank: 70
CPER Sortino Ratio Rank: 65
CPER Omega Ratio Rank: 67
CPER Calmar Ratio Rank: 77
CPER Martin Ratio Rank: 69

KCOP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CPER vs. KCOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for United States Copper Index Fund (CPER) and Kurv Copper & Mining Enhanced Income ETF (KCOP). 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	KCOP	Difference
Sharpe ratio: Return per unit of total volatility	1.58	—	—
Sortino ratio: Return per unit of downside risk	2.15	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.70	—	—
Martin ratio: Return relative to average drawdown	8.40	—	—

Drawdowns

CPER vs. KCOP - Drawdown Comparison

The maximum CPER drawdown since its inception was -54.04%, which is greater than KCOP's maximum drawdown of -21.55%. Use the drawdown chart below to compare losses from any high point for CPER and KCOP.

Drawdown Indicators

	CPER	KCOP	Difference
Max Drawdown Largest peak-to-trough decline	-54.04%	-21.55%	-32.49%
Max Drawdown (1Y) Largest decline over 1 year	-16.43%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-24.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.75%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.42%	—	—
Current Drawdown Current decline from peak	-2.56%	-10.67%	+8.11%
Average Drawdown Average peak-to-trough decline	-25.19%	-9.65%	-15.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.26%	—	—

Volatility

Volatility by Period

	CPER	KCOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.59%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.15%	42.43%	-14.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.08%	42.43%	-15.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.11%	42.43%	-18.32%

CPER vs. KCOP - Expense Ratio Comparison

CPER has a 1.06% expense ratio, which is higher than KCOP's 0.99% expense ratio.

Dividends

CPER vs. KCOP - Dividend Comparison

CPER has not paid dividends to shareholders, while KCOP's dividend yield for the trailing twelve months is around 6.55%.

Position	TTM
CPER United States Copper Index Fund	0.00%
KCOP Kurv Copper & Mining Enhanced Income ETF	6.55%

Frequently Asked Questions

Can I hold both CPER and KCOP in my portfolio?

With a correlation of 0.91, CPER and KCOP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, CPER or KCOP?

On fees, KCOP is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CPER or KCOP?

KCOP is cheaper with a 0.99% expense ratio, compared with 1.06% for CPER.

Which ETF pays a higher dividend yield, CPER or KCOP?

KCOP has the higher dividend yield at 6.55%, compared with 0.00% for CPER.

What is the main difference between CPER and KCOP?

They also come from different issuers: USCF and Kurv. Their fees differ too: 1.06% for CPER and 0.99% for KCOP.