CPER vs. USCI
Compare and contrast key facts about United States Copper Index Fund (CPER) and United States Commodity Index Fund (USCI).
CPER and USCI 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. USCI is a passively managed fund by Concierge Technologies that tracks the performance of the SummerHaven Dynamic Commodity (TR). It was launched on Aug 10, 2010. Both CPER and USCI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CPER vs. USCI - Performance Comparison
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CPER vs. USCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CPER United States Copper Index Fund | -1.77% | 38.95% | 4.23% | 4.55% | -15.14% | 25.21% | 23.90% | 6.66% | -21.91% | 28.80% |
USCI United States Commodity Index Fund | 22.25% | 17.63% | 17.24% | -0.00% | 29.47% | 33.07% | -11.47% | -1.68% | -11.76% | 6.32% |
Returns By Period
In the year-to-date period, CPER achieves a -1.77% return, which is significantly lower than USCI's 22.25% return. Both investments have delivered pretty close results over the past 10 years, with CPER having a 9.08% annualized return and USCI not far behind at 8.95%.
CPER
- 1D
- -0.26%
- 1M
- -5.63%
- YTD
- -1.77%
- 6M
- 13.90%
- 1Y
- 8.95%
- 3Y*
- 11.25%
- 5Y*
- 6.76%
- 10Y*
- 9.08%
USCI
- 1D
- -0.46%
- 1M
- 9.12%
- YTD
- 22.25%
- 6M
- 21.55%
- 1Y
- 29.71%
- 3Y*
- 20.48%
- 5Y*
- 21.48%
- 10Y*
- 8.95%
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CPER vs. USCI - Expense Ratio Comparison
CPER has a 0.80% expense ratio, which is lower than USCI's 1.03% expense ratio.
Return for Risk
CPER vs. USCI — Risk / Return Rank
CPER
USCI
CPER vs. USCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Copper Index Fund (CPER) and United States Commodity Index Fund (USCI). 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.
| CPER | USCI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.24 | 1.63 | -1.38 |
Sortino ratioReturn per unit of downside risk | 0.54 | 2.13 | -1.59 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.28 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 0.35 | 2.63 | -2.28 |
Martin ratioReturn relative to average drawdown | 0.71 | 8.94 | -8.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CPER | USCI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 1.63 | -1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 1.17 | -0.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.57 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.28 | -0.19 |
Correlation
The correlation between CPER and USCI is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CPER vs. USCI - Dividend Comparison
Neither CPER nor USCI has paid dividends to shareholders.
Drawdowns
CPER vs. USCI - Drawdown Comparison
The maximum CPER drawdown since its inception was -54.04%, smaller than the maximum USCI drawdown of -66.41%. Use the drawdown chart below to compare losses from any high point for CPER and USCI.
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Drawdown Indicators
| CPER | USCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.04% | -66.41% | +12.37% |
Max Drawdown (1Y)Largest decline over 1 year | -24.77% | -12.01% | -12.76% |
Max Drawdown (5Y)Largest decline over 5 years | -34.75% | -18.84% | -15.91% |
Max Drawdown (10Y)Largest decline over 10 years | -38.42% | -45.82% | +7.40% |
Current DrawdownCurrent decline from peak | -11.29% | -1.15% | -10.14% |
Average DrawdownAverage peak-to-trough decline | -25.65% | -29.82% | +4.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.19% | 3.53% | +8.66% |
Volatility
CPER vs. USCI - Volatility Comparison
United States Copper Index Fund (CPER) has a higher volatility of 9.07% compared to United States Commodity Index Fund (USCI) at 6.97%. This indicates that CPER's price experiences larger fluctuations and is considered to be riskier than USCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CPER | USCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.07% | 6.97% | +2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 21.93% | 13.85% | +8.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.82% | 18.38% | +18.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.85% | 18.42% | +8.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.86% | 15.78% | +8.08% |