CPER vs. QQQ
Compare and contrast key facts about United States Copper Index Fund (CPER) and Invesco QQQ (QQQ).
CPER and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both CPER and QQQ 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 QQQ.
Key characteristics
| CPER | QQQ | |
|---|---|---|
| YTD Return | 10.52% | 23.99% |
| 1Y Return | 16.25% | 36.58% |
| 3Y Return (Ann) | 0.14% | 8.99% |
| 5Y Return (Ann) | 9.61% | 21.09% |
| 10Y Return (Ann) | 2.83% | 18.40% |
| Sharpe Ratio | 0.69 | 2.17 |
| Sortino Ratio | 1.06 | 2.86 |
| Omega Ratio | 1.13 | 1.39 |
| Calmar Ratio | 0.61 | 2.79 |
| Martin Ratio | 1.59 | 10.19 |
| Ulcer Index | 9.63% | 3.72% |
| Daily Std Dev | 22.08% | 17.42% |
| Max Drawdown | -54.04% | -82.98% |
| Current Drawdown | -14.98% | 0.00% |
Correlation
The correlation between CPER and QQQ is 0.28, 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. QQQ - Performance Comparison
In the year-to-date period, CPER achieves a 10.52% return, which is significantly lower than QQQ's 23.99% return. Over the past 10 years, CPER has underperformed QQQ with an annualized return of 2.83%, while QQQ has yielded a comparatively higher 18.40% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CPER vs. QQQ - Expense Ratio Comparison
CPER has a 0.80% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
CPER vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Copper Index Fund (CPER) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
CPER has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.60%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
CPER vs. QQQ - Drawdown Comparison
The maximum CPER drawdown since its inception was -54.04%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CPER and QQQ. For additional features, visit the drawdowns tool.
Volatility
CPER vs. QQQ - Volatility Comparison
United States Copper Index Fund (CPER) has a higher volatility of 6.52% compared to Invesco QQQ (QQQ) at 5.02%. This indicates that CPER's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.