CPXR vs. GLDW

Last updated Jun 25, 2026

CPXR (USCF Daily Target 2X Copper Index ETF) and GLDW (Roundhill Gold WeeklyPay ETF) are both exchange-traded funds - CPXR is a Copper fund tracking the SummerHaven Copper Index, while GLDW is a Derivative Income fund actively managed by State Street. CPXR is passively managed, while GLDW is actively managed. A 0.56 correlation means they provide meaningful diversification when combined. CPXR charges 1.20%/yr vs 0.99%/yr for GLDW.

Performance

CPXR vs. GLDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USCF Daily Target 2X Copper Index ETF (CPXR) and Roundhill Gold WeeklyPay ETF (GLDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CPXR achieves a 2.23% return, which is significantly higher than GLDW's -11.70% return.

CPXR

• 1D: -5.58%
• 1M: -13.49%
• YTD: 2.23%
• 6M: 5.86%
• 1Y: 14.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLDW

• 1D: -3.89%
• 1M: -14.20%
• YTD: -11.70%
• 6M: -15.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CPXR vs. GLDW - Yearly Performance Comparison

	2026 (YTD)	2025
CPXR USCF Daily Target 2X Copper Index ETF	2.23%	14.85%
GLDW Roundhill Gold WeeklyPay ETF	-11.70%	9.36%

Correlation

The correlation between CPXR and GLDW is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 30, 2025	0.56

Return for Risk

CPXR vs. GLDW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CPXR

CPXR Risk / Return Rank: 14
CPXR Sharpe Ratio Rank: 12
CPXR Sortino Ratio Rank: 16
CPXR Omega Ratio Rank: 19
CPXR Calmar Ratio Rank: 12
CPXR Martin Ratio Rank: 12

GLDW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CPXR vs. GLDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USCF Daily Target 2X Copper Index ETF (CPXR) and Roundhill Gold WeeklyPay ETF (GLDW). 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	GLDW	Difference
Sharpe ratio: Return per unit of total volatility	0.21	—	—
Sortino ratio: Return per unit of downside risk	0.75	—	—
Omega ratio: Gain probability vs. loss probability	1.12	—	—
Calmar ratio: Return relative to maximum drawdown	0.31	—	—
Martin ratio: Return relative to average drawdown	0.56	—	—

Drawdowns

CPXR vs. GLDW - Drawdown Comparison

The maximum CPXR drawdown since its inception was -47.87%, which is greater than GLDW's maximum drawdown of -32.25%. Use the drawdown chart below to compare losses from any high point for CPXR and GLDW.

Drawdown Indicators

	CPXR	GLDW	Difference
Max Drawdown Largest peak-to-trough decline	-47.87%	-32.25%	-15.62%
Max Drawdown (1Y) Largest decline over 1 year	-47.87%	—	—
Current Drawdown Current decline from peak	-20.22%	-32.25%	+12.03%
Average Drawdown Average peak-to-trough decline	-19.43%	-10.44%	-8.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.05%	—	—

Volatility

Volatility by Period

	CPXR	GLDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	46.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	69.92%	37.38%	+32.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.43%	37.38%	+31.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.43%	37.38%	+31.05%

CPXR vs. GLDW - Expense Ratio Comparison

CPXR has a 1.20% expense ratio, which is higher than GLDW's 0.99% expense ratio.

Dividends

CPXR vs. GLDW - Dividend Comparison

CPXR's dividend yield for the trailing twelve months is around 0.69%, less than GLDW's 24.03% yield.

Position	TTM	2025
CPXR USCF Daily Target 2X Copper Index ETF	0.69%	0.70%
GLDW Roundhill Gold WeeklyPay ETF	24.03%	3.75%

Frequently Asked Questions

Can I hold both CPXR and GLDW in my portfolio?

CPXR and GLDW have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CPXR or GLDW?

On fees, GLDW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CPXR or GLDW?

GLDW is cheaper with a 0.99% expense ratio, compared with 1.20% for CPXR.

Which ETF pays a higher dividend yield, CPXR or GLDW?

GLDW has the higher dividend yield at 24.03%, compared with 0.69% for CPXR.

What is the main difference between CPXR and GLDW?

CPXR is categorized as Copper, while GLDW is Derivative Income. They also come from different issuers: USCF and State Street. Their fees differ too: 1.20% for CPXR and 0.99% for GLDW.