CPER vs. SCOP

Last updated Jun 23, 2026

CPER (United States Copper Index Fund) and SCOP (Sprott Physical Copper Trust) are both Copper funds. CPER is passively managed, while SCOP is actively managed. A 0.59 correlation means they provide meaningful diversification when combined. CPER charges 1.06%/yr vs 1.30%/yr for SCOP.

Performance

CPER vs. SCOP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in United States Copper Index Fund (CPER) and Sprott Physical Copper Trust (SCOP). 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%

SCOP

• 1D: 1.61%
• 1M: -1.07%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CPER vs. SCOP - Yearly Performance Comparison

	2026 (YTD)
CPER United States Copper Index Fund	7.12%
SCOP Sprott Physical Copper Trust	0.08%

Correlation

The correlation between CPER and SCOP 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 (All Time) Calculated using the full available price history since May 4, 2026	0.59

Return for Risk

CPER vs. SCOP — 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

SCOP

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. SCOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for United States Copper Index Fund (CPER) and Sprott Physical Copper Trust (SCOP). 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	SCOP	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. SCOP - Drawdown Comparison

The maximum CPER drawdown since its inception was -54.04%, which is greater than SCOP's maximum drawdown of -11.09%. Use the drawdown chart below to compare losses from any high point for CPER and SCOP.

Drawdown Indicators

	CPER	SCOP	Difference
Max Drawdown Largest peak-to-trough decline	-54.04%	-11.09%	-42.95%
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%	-8.11%	+3.70%
Average Drawdown Average peak-to-trough decline	-25.33%	-5.90%	-19.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.96%	—	—

Volatility

Volatility by Period

	CPER	SCOP	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%	41.05%	-6.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.02%	41.05%	-14.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.09%	41.05%	-16.96%

CPER vs. SCOP - Expense Ratio Comparison

CPER has a 1.06% expense ratio, which is lower than SCOP's 1.30% expense ratio.

Dividends

CPER vs. SCOP - Dividend Comparison

Neither CPER nor SCOP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CPER and SCOP in my portfolio?

CPER and SCOP 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.

Which ETF is better, CPER or SCOP?

On fees, CPER is cheaper at 1.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CPER or SCOP?

CPER is cheaper with a 1.06% expense ratio, compared with 1.30% for SCOP.

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

CPER and SCOP have nearly identical dividend yields, around 0.00%.

What is the main difference between CPER and SCOP?

They also come from different issuers: USCF and Sprott. Their fees differ too: 1.06% for CPER and 1.30% for SCOP.