CPER vs. KCOP

Last updated Jun 23, 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 suggests significant overlap in exposure. 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: -0.13%
• 1M: -0.28%
• YTD: 11.01%
• 6M: 15.06%
• 1Y: 28.13%
• 3Y*: 18.14%
• 5Y*: 8.01%
• 10Y*: 10.81%

KCOP

• 1D: -0.41%
• 1M: 0.87%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CPER vs. KCOP - Yearly Performance Comparison

	2026 (YTD)
CPER United States Copper Index Fund	9.29%
KCOP Kurv Copper & Mining Enhanced Income ETF	1.18%

Correlation

The correlation between CPER and KCOP is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	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 risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CPER

CPER Risk / Return Rank: 24
CPER Sharpe Ratio Rank: 23
CPER Sortino Ratio Rank: 22
CPER Omega Ratio Rank: 29
CPER Calmar Ratio Rank: 24
CPER Martin Ratio Rank: 20

KCOP

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

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. 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	0.81	—	—
Sortino ratio: Return per unit of downside risk	1.16	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.14	—	—
Martin ratio: Return relative to average drawdown	2.36	—	—

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	-24.77%	—	—
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	-4.41%	-7.45%	+3.04%
Average Drawdown Average peak-to-trough decline	-25.33%	-8.38%	-16.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.96%	—	—

Volatility

Volatility by Period

	CPER	KCOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	34.91%	43.46%	-8.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.02%	43.46%	-16.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.09%	43.46%	-19.37%

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 4.99%.

Position	TTM
CPER United States Copper Index Fund	0.00%
KCOP Kurv Copper & Mining Enhanced Income ETF	4.99%

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 4.99%, 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.