CPXR vs. COPA.L
CPXR (USCF Daily Target 2X Copper Index ETF) and COPA.L (WisdomTree Copper) are both Copper funds - CPXR tracks the SummerHaven Copper Index while COPA.L tracks the Bloomberg Copper Subindex. Both are passively managed. Over the past year, CPXR returned 14.65% vs 19.34% for COPA.L. Their correlation of 0.84 suggests significant overlap in exposure. CPXR charges 1.20%/yr vs 0.49%/yr for COPA.L.
Performance
CPXR vs. COPA.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CPXR achieves a 2.23% return, which is significantly lower than COPA.L's 4.45% return.
CPXR
- 1D
- -5.58%
- 1M
- -13.49%
- YTD
- 2.23%
- 6M
- 5.86%
- 1Y
- 14.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COPA.L
- 1D
- -2.78%
- 1M
- -5.88%
- YTD
- 4.45%
- 6M
- 5.28%
- 1Y
- 19.34%
- 3Y*
- 15.31%
- 5Y*
- 6.44%
- 10Y*
- 9.44%
CPXR vs. COPA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CPXR USCF Daily Target 2X Copper Index ETF | 2.23% | 35.65% |
COPA.L WisdomTree Copper | 4.45% | 27.19% |
Correlation
The correlation between CPXR and COPA.L is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2025 | 0.84 |
The correlation between CPXR and COPA.L has been stable across timeframes, ranging from 0.84 to 0.84 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CPXR vs. COPA.L — Risk / Return Rank
CPXR
COPA.L
CPXR vs. COPA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USCF Daily Target 2X Copper Index ETF (CPXR) and WisdomTree Copper (COPA.L). 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.
| CPXR | COPA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.16 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 0.76 | -0.46 |
| Martin ratioReturn relative to average drawdown | 0.56 | 1.64 | -1.07 |
Loading charts...
Drawdowns
CPXR vs. COPA.L - Drawdown Comparison
The maximum CPXR drawdown since its inception was -47.87%, smaller than the maximum COPA.L drawdown of -67.44%. Use the drawdown chart below to compare losses from any high point for CPXR and COPA.L.
Loading charts...
Drawdown Indicators
| CPXR | COPA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.87% | -67.44% | +19.57% |
Max Drawdown (1Y)Largest decline over 1 year | -47.87% | -25.25% | -22.62% |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.25% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.76% | — |
Current DrawdownCurrent decline from peak | -20.22% | -10.39% | -9.83% |
Average DrawdownAverage peak-to-trough decline | -19.43% | -33.14% | +13.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.05% | 11.80% | +14.25% |
Volatility
CPXR vs. COPA.L - Volatility Comparison
USCF Daily Target 2X Copper Index ETF (CPXR) has a higher volatility of 18.23% compared to WisdomTree Copper (COPA.L) at 8.12%. This indicates that CPXR's price experiences larger fluctuations and is considered to be riskier than COPA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CPXR | COPA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.23% | 8.12% | +10.11% |
Volatility (6M)Calculated over the trailing 6-month period | 46.72% | 19.28% | +27.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.92% | 33.65% | +36.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.43% | 26.23% | +42.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.43% | 23.26% | +45.17% |
CPXR vs. COPA.L - Expense Ratio Comparison
CPXR has a 1.20% expense ratio, which is higher than COPA.L's 0.49% expense ratio.
Dividends
CPXR vs. COPA.L - Dividend Comparison
CPXR's dividend yield for the trailing twelve months is around 0.69%, while COPA.L has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
COPA.L WisdomTree Copper | 0.00% | 0.00% |
CPXR USCF Daily Target 2X Copper Index ETF | 0.69% | 0.70% |
Frequently Asked Questions
CPXR and COPA.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, COPA.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
COPA.L is cheaper with a 0.49% expense ratio, compared with 1.20% for CPXR.
CPXR tracks SummerHaven Copper Index, while COPA.L tracks Bloomberg Copper Subindex. They also come from different issuers: USCF and WisdomTree. Their fees differ too: 1.20% for CPXR and 0.49% for COPA.L.
Find the right allocation for CPXR and COPA.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer