CPXR vs. COPM.AS
CPXR (USCF Daily Target 2X Copper Index ETF) and COPM.AS (iShares Copper Miners UCITS ETF) are both Copper funds - CPXR tracks the SummerHaven Copper Index while COPM.AS tracks the STOXX Global Copper Miners Index. Both are passively managed. Over the past year, CPXR returned 14.65% vs 86.28% for COPM.AS. A 0.59 correlation means they provide meaningful diversification when combined. CPXR charges 1.20%/yr vs 0.55%/yr for COPM.AS.
Performance
CPXR vs. COPM.AS - Performance Comparison
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Returns By Period
In the year-to-date period, CPXR achieves a 2.23% return, which is significantly lower than COPM.AS's 13.57% return.
CPXR
- 1D
- -5.58%
- 1M
- -13.49%
- YTD
- 2.23%
- 6M
- 5.86%
- 1Y
- 14.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COPM.AS
- 1D
- 0.00%
- 1M
- -7.22%
- YTD
- 13.57%
- 6M
- 12.70%
- 1Y
- 86.28%
- 3Y*
- 30.00%
- 5Y*
- —
- 10Y*
- —
CPXR vs. COPM.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CPXR USCF Daily Target 2X Copper Index ETF | 2.23% | 35.65% |
COPM.AS iShares Copper Miners UCITS ETF | 13.57% | 71.21% |
Correlation
The correlation between CPXR and COPM.AS is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2025 | 0.59 |
The correlation between CPXR and COPM.AS has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.
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Return for Risk
CPXR vs. COPM.AS — Risk / Return Rank
CPXR
COPM.AS
CPXR vs. COPM.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USCF Daily Target 2X Copper Index ETF (CPXR) and iShares Copper Miners UCITS ETF (COPM.AS). 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 | COPM.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.33 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 3.39 | -3.08 |
| Martin ratioReturn relative to average drawdown | 0.56 | 11.65 | -11.09 |
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Drawdowns
CPXR vs. COPM.AS - Drawdown Comparison
The maximum CPXR drawdown since its inception was -47.87%, which is greater than COPM.AS's maximum drawdown of -37.12%. Use the drawdown chart below to compare losses from any high point for CPXR and COPM.AS.
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Drawdown Indicators
| CPXR | COPM.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.87% | -37.12% | -10.75% |
Max Drawdown (1Y)Largest decline over 1 year | -47.87% | -25.05% | -22.82% |
Max Drawdown (3Y)Largest decline over 3 years | — | -37.12% | — |
Current DrawdownCurrent decline from peak | -20.22% | -13.30% | -6.92% |
Average DrawdownAverage peak-to-trough decline | -19.43% | -11.50% | -7.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.05% | 7.33% | +18.72% |
Volatility
CPXR vs. COPM.AS - Volatility Comparison
USCF Daily Target 2X Copper Index ETF (CPXR) has a higher volatility of 18.23% compared to iShares Copper Miners UCITS ETF (COPM.AS) at 14.37%. This indicates that CPXR's price experiences larger fluctuations and is considered to be riskier than COPM.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CPXR | COPM.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.23% | 14.37% | +3.86% |
Volatility (6M)Calculated over the trailing 6-month period | 46.72% | 33.68% | +13.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.92% | 39.16% | +30.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.43% | 33.62% | +34.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.43% | 33.62% | +34.81% |
CPXR vs. COPM.AS - Expense Ratio Comparison
CPXR has a 1.20% expense ratio, which is higher than COPM.AS's 0.55% expense ratio.
Dividends
CPXR vs. COPM.AS - Dividend Comparison
CPXR's dividend yield for the trailing twelve months is around 0.69%, while COPM.AS has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
COPM.AS iShares Copper Miners UCITS ETF | 0.00% | 0.00% |
CPXR USCF Daily Target 2X Copper Index ETF | 0.69% | 0.70% |
Frequently Asked Questions
CPXR and COPM.AS have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, COPM.AS is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
COPM.AS is cheaper with a 0.55% expense ratio, compared with 1.20% for CPXR.
CPXR tracks SummerHaven Copper Index, while COPM.AS tracks STOXX Global Copper Miners Index. They also come from different issuers: USCF and iShares. Their fees differ too: 1.20% for CPXR and 0.55% for COPM.AS.
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