CPXR vs. OILU
CPXR (USCF Daily Target 2X Copper Index ETF) and OILU (MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN) are both exchange-traded funds - CPXR is a Copper fund tracking the SummerHaven Copper Index, while OILU is a Leveraged Equities fund tracking the Solactive MicroSectors Oil & Gas Exploration & Production Index. Both are passively managed. Over the past year, CPXR returned 84.43% vs 99.31% for OILU. Their 0.10 correlation means their historical movements had little consistent relationship. CPXR charges 1.20%/yr vs 0.95%/yr for OILU.
Performance
CPXR vs. OILU - Performance Comparison
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Returns By Period
In the year-to-date period, CPXR achieves a 20.70% return, which is significantly lower than OILU's 87.02% return.
CPXR
- 1D
- 0.41%
- 1M
- 12.40%
- 6M
- 16.06%
- YTD
- 20.70%
- 1Y
- 84.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 38.09%
OILU
- 1D
- -4.14%
- 1M
- 32.93%
- 6M
- 40.98%
- YTD
- 87.02%
- 1Y
- 99.31%
- 3Y*
- 0.08%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $387.13K | $344.43K | $735.78K | |
| $8.15M | $7.77M | $7.91M |
CPXR vs. OILU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CPXR USCF Daily Target 2X Copper Index ETF | 20.70% | 35.65% |
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 87.02% | -34.29% |
Correlation
The correlation between CPXR and OILU is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2025 | 0.10 |
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Return for Risk
CPXR vs. OILU — Risk / Return Rank
CPXR
OILU
CPXR vs. OILU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USCF Daily Target 2X Copper Index ETF (CPXR) and MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU). 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 | OILU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 2.15 | +0.53 |
| Martin ratioReturn relative to average drawdown | 7.77 | 5.28 | +2.49 |
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Drawdowns
CPXR vs. OILU - Drawdown Comparison
The maximum CPXR drawdown since its inception was -47.87%, smaller than the maximum OILU drawdown of -81.00%. Use the drawdown chart below to compare losses from any high point for CPXR and OILU.
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Drawdown Indicators
| CPXR | OILU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.87% | -81.00% | +33.13% |
Max Drawdown (1Y)Largest decline over 1 year | -31.64% | -46.49% | +14.85% |
Max Drawdown (3Y)Largest decline over 3 years | — | -69.09% | — |
Current DrawdownCurrent decline from peak | -5.81% | -49.70% | +43.89% |
Average DrawdownAverage peak-to-trough decline | -18.93% | -50.69% | +31.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.90% | 18.87% | -7.97% |
Volatility
CPXR vs. OILU - Volatility Comparison
The current volatility for USCF Daily Target 2X Copper Index ETF (CPXR) is 12.08%, while MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) has a volatility of 20.09%. This indicates that CPXR experiences smaller price fluctuations and is considered to be less risky than OILU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CPXR | OILU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.08% | 20.09% | -8.01% |
Volatility (6M)Calculated over the trailing 6-month period | 40.11% | 52.12% | -12.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.37% | 64.31% | -8.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.83% | 80.79% | -13.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.83% | 80.79% | -13.96% |
CPXR vs. OILU - Expense Ratio Comparison
CPXR has a 1.20% expense ratio, which is higher than OILU's 0.95% expense ratio.
Dividends
CPXR vs. OILU - Dividend Comparison
CPXR's dividend yield for the trailing twelve months is around 0.58%, while OILU has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
CPXR USCF Daily Target 2X Copper Index ETF | 0.58% | 0.70% |
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 0.00% | 0.00% |
Frequently Asked Questions
CPXR and OILU have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILU has higher volatility (20.09%) compared to CPXR (12.08%). In terms of maximum drawdown, CPXR dropped -47.87% vs OILU's -81.00%.
On 1-year performance, OILU leads with 99.31% vs 84.43% for CPXR. On fees, OILU is cheaper at 0.95% per year. On volatility, CPXR has been the lower-risk option at 12.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, OILU has performed better with a 99.31% return vs 84.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OILU is cheaper with a 0.95% expense ratio, compared with 1.20% for CPXR.
CPXR has the higher dividend yield at 0.58%, compared with 0.00% for OILU.
CPXR is categorized as Copper, while OILU is Leveraged Equities. CPXR tracks SummerHaven Copper Index, while OILU tracks Solactive MicroSectors Oil & Gas Exploration & Production Index. They also come from different issuers: USCF and BMO. Their fees differ too: 1.20% for CPXR and 0.95% for OILU.
OILU currently has the higher Sharpe Ratio (1.56 vs 1.54), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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