CPXR vs. COPX
Compare and contrast key facts about USCF Daily Target 2X Copper Index ETF (CPXR) and Global X Copper Miners ETF (COPX).
CPXR and COPX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CPXR is a passively managed fund by USCF that tracks the performance of the SummerHaven Copper Index. It was launched on Jan 21, 2025. COPX is a passively managed fund by Global X that tracks the performance of the Solactive Global Copper Miners Index. It was launched on Apr 19, 2010. Both CPXR and COPX 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
CPXR vs. COPX - Performance Comparison
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CPXR vs. COPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CPXR USCF Daily Target 2X Copper Index ETF | -6.04% | 36.03% |
COPX Global X Copper Miners ETF | 6.35% | 88.42% |
Returns By Period
In the year-to-date period, CPXR achieves a -6.04% return, which is significantly lower than COPX's 6.35% return.
CPXR
- 1D
- 4.58%
- 1M
- -13.97%
- YTD
- -6.04%
- 6M
- 22.56%
- 1Y
- -5.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COPX
- 1D
- 7.92%
- 1M
- -20.22%
- YTD
- 6.35%
- 6M
- 30.65%
- 1Y
- 101.10%
- 3Y*
- 28.34%
- 5Y*
- 18.72%
- 10Y*
- 20.82%
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CPXR vs. COPX - Expense Ratio Comparison
CPXR has a 1.20% expense ratio, which is higher than COPX's 0.65% expense ratio.
Return for Risk
CPXR vs. COPX — Risk / Return Rank
CPXR
COPX
CPXR vs. COPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USCF Daily Target 2X Copper Index ETF (CPXR) and Global X Copper Miners ETF (COPX). 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.
| CPXR | COPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.07 | 2.41 | -2.48 |
Sortino ratioReturn per unit of downside risk | 0.42 | 2.75 | -2.33 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.38 | -0.31 |
Calmar ratioReturn relative to maximum drawdown | -0.15 | 3.46 | -3.61 |
Martin ratioReturn relative to average drawdown | -0.27 | 13.40 | -13.66 |
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
| CPXR | COPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.07 | 2.41 | -2.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.52 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.16 | +0.17 |
Correlation
The correlation between CPXR and COPX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CPXR vs. COPX - Dividend Comparison
CPXR's dividend yield for the trailing twelve months is around 0.75%, less than COPX's 2.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPXR USCF Daily Target 2X Copper Index ETF | 0.75% | 0.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
COPX Global X Copper Miners ETF | 2.52% | 2.68% | 1.80% | 2.39% | 3.14% | 1.48% | 1.30% | 1.37% | 2.59% | 1.57% | 0.60% | 1.20% |
Drawdowns
CPXR vs. COPX - Drawdown Comparison
The maximum CPXR drawdown since its inception was -47.87%, smaller than the maximum COPX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for CPXR and COPX.
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Drawdown Indicators
| CPXR | COPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.87% | -83.16% | +35.29% |
Max Drawdown (1Y)Largest decline over 1 year | -47.87% | -27.82% | -20.05% |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -65.41% | — |
Current DrawdownCurrent decline from peak | -22.99% | -20.22% | -2.77% |
Average DrawdownAverage peak-to-trough decline | -21.15% | -39.60% | +18.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.53% | 7.20% | +19.33% |
Volatility
CPXR vs. COPX - Volatility Comparison
USCF Daily Target 2X Copper Index ETF (CPXR) and Global X Copper Miners ETF (COPX) have volatilities of 18.18% and 18.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CPXR | COPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.18% | 18.96% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 44.09% | 33.75% | +10.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.45% | 42.22% | +31.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.44% | 36.05% | +34.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.44% | 35.51% | +34.93% |