CPER vs. SPY
Compare and contrast key facts about United States Copper Index Fund (CPER) and SPDR S&P 500 ETF (SPY).
CPER and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both CPER and SPY 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 SPY.
Key characteristics
| CPER | SPY | |
|---|---|---|
| YTD Return | 6.21% | 26.83% |
| 1Y Return | 11.77% | 34.88% |
| 3Y Return (Ann) | -1.94% | 10.16% |
| 5Y Return (Ann) | 9.10% | 15.71% |
| 10Y Return (Ann) | 2.41% | 13.33% |
| Sharpe Ratio | 0.54 | 3.08 |
| Sortino Ratio | 0.88 | 4.10 |
| Omega Ratio | 1.11 | 1.58 |
| Calmar Ratio | 0.53 | 4.46 |
| Martin Ratio | 1.25 | 20.22 |
| Ulcer Index | 9.86% | 1.85% |
| Daily Std Dev | 22.76% | 12.18% |
| Max Drawdown | -54.04% | -55.19% |
| Current Drawdown | -18.29% | -0.26% |
Correlation
The correlation between CPER and SPY is 0.31, 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. SPY - Performance Comparison
In the year-to-date period, CPER achieves a 6.21% return, which is significantly lower than SPY's 26.83% return. Over the past 10 years, CPER has underperformed SPY with an annualized return of 2.41%, while SPY has yielded a comparatively higher 13.33% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
CPER vs. SPY - Expense Ratio Comparison
CPER has a 0.80% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
CPER vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Copper Index Fund (CPER) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
CPER has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.17%.
| 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% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
CPER vs. SPY - Drawdown Comparison
The maximum CPER drawdown since its inception was -54.04%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CPER and SPY. For additional features, visit the drawdowns tool.
Volatility
CPER vs. SPY - Volatility Comparison
United States Copper Index Fund (CPER) has a higher volatility of 8.38% compared to SPDR S&P 500 ETF (SPY) at 3.77%. This indicates that CPER's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.