GLDU.TO vs. CPXR

Last updated Jun 4, 2026

GLDU.TO (BetaPro Gold Bullion 2x Daily Bull ETF) and CPXR (USCF Daily Target 2X Copper Index ETF) are both Leveraged Commodities funds - GLDU.TO tracks the Solactive Gold Front Month MD Rolling Futures Index while CPXR tracks the SummerHaven Copper Index. Both are passively managed. Over the past year, GLDU.TO returned 45.28% vs 39.75% for CPXR. At a 0.37 correlation, their price movements are largely independent. GLDU.TO charges 1.15%/yr vs 1.20%/yr for CPXR.

Performance

GLDU.TO vs. CPXR - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BetaPro Gold Bullion 2x Daily Bull ETF (GLDU.TO) and USCF Daily Target 2X Copper Index ETF (CPXR). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GLDU.TO is traded in CAD, while CPXR is traded in USD. To make them comparable, the CPXR values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, GLDU.TO achieves a -3.92% return, which is significantly lower than CPXR's 23.16% return.

GLDU.TO

• 1D: -1.97%
• 1M: -4.19%
• YTD: -3.92%
• 6M: -0.30%
• 1Y: 45.28%
• 3Y*: 46.94%
• 5Y*: 23.38%
• 10Y*: 15.30%

CPXR

• 1D: -4.71%
• 1M: 24.41%
• YTD: 23.16%
• 6M: 33.79%
• 1Y: 39.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLDU.TO vs. CPXR - Yearly Performance Comparison

	2026 (YTD)	2025
GLDU.TO BetaPro Gold Bullion 2x Daily Bull ETF	-3.92%	107.59%
CPXR USCF Daily Target 2X Copper Index ETF	23.16%	29.83%

Correlation

The correlation between GLDU.TO and CPXR is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jan 23, 2025	0.37

Return for Risk

GLDU.TO vs. CPXR — Risk / Return Rank

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

GLDU.TO

GLDU.TO Risk / Return Rank: 25
GLDU.TO Sharpe Ratio Rank: 25
GLDU.TO Sortino Ratio Rank: 25
GLDU.TO Omega Ratio Rank: 30
GLDU.TO Calmar Ratio Rank: 26
GLDU.TO Martin Ratio Rank: 22

CPXR

CPXR Risk / Return Rank: 20
CPXR Sharpe Ratio Rank: 18
CPXR Sortino Ratio Rank: 21
CPXR Omega Ratio Rank: 27
CPXR Calmar Ratio Rank: 19
CPXR Martin Ratio Rank: 16

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.

GLDU.TO vs. CPXR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaPro Gold Bullion 2x Daily Bull ETF (GLDU.TO) and USCF Daily Target 2X Copper Index ETF (CPXR). 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.

	GLDU.TO	CPXR	Difference
Sharpe ratio: Return per unit of total volatility	0.87	0.59	+0.28
Sortino ratio: Return per unit of downside risk	1.32	1.14	+0.19
Omega ratio: Gain probability vs. loss probability	1.20	1.19	+0.01
Calmar ratio: Return relative to maximum drawdown	1.19	0.84	+0.35
Martin ratio: Return relative to average drawdown	2.71	1.59	+1.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLDU.TO vs. CPXR - Sharpe Ratio Comparison

The current GLDU.TO Sharpe Ratio is 0.87, which is higher than the CPXR Sharpe Ratio of 0.59. The chart below compares the historical Sharpe Ratios of GLDU.TO and CPXR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GLDU.TO	CPXR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	0.59	+0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.62	-0.41

Drawdowns

GLDU.TO vs. CPXR - Drawdown Comparison

The maximum GLDU.TO drawdown since its inception was -77.99%, which is greater than CPXR's maximum drawdown of -47.34%. Use the drawdown chart below to compare losses from any high point for GLDU.TO and CPXR.

Drawdown Indicators

	GLDU.TO	CPXR	Difference
Max Drawdown Largest peak-to-trough decline	-77.99%	-47.34%	-30.65%
Max Drawdown (1Y) Largest decline over 1 year	-38.13%	-47.34%	+9.21%
Max Drawdown (3Y) Largest decline over 3 years	-38.13%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-41.18%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-49.01%	—	—
Current Drawdown Current decline from peak	-37.49%	-4.71%	-32.78%
Average Drawdown Average peak-to-trough decline	-48.85%	-19.77%	-29.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.74%	25.12%	-8.38%

Volatility

GLDU.TO vs. CPXR - Volatility Comparison

The current volatility for BetaPro Gold Bullion 2x Daily Bull ETF (GLDU.TO) is 11.57%, while USCF Daily Target 2X Copper Index ETF (CPXR) has a volatility of 18.67%. This indicates that GLDU.TO experiences smaller price fluctuations and is considered to be less risky than CPXR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLDU.TO	CPXR	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.57%	18.67%	-7.10%
Volatility (6M) Calculated over the trailing 6-month period	46.17%	44.17%	+2.00%
Volatility (1Y) Calculated over the trailing 1-year period	52.60%	67.63%	-15.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.36%	67.08%	-30.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.53%	67.08%	-34.55%

GLDU.TO vs. CPXR - Expense Ratio Comparison

GLDU.TO has a 1.15% expense ratio, which is lower than CPXR's 1.20% expense ratio.

Dividends

GLDU.TO vs. CPXR - Dividend Comparison

GLDU.TO has not paid dividends to shareholders, while CPXR's dividend yield for the trailing twelve months is around 0.58%.

Position	TTM	2025
CPXR USCF Daily Target 2X Copper Index ETF	0.58%	0.70%
GLDU.TO BetaPro Gold Bullion 2x Daily Bull ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both GLDU.TO and CPXR in my portfolio?

GLDU.TO and CPXR have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GLDU.TO or CPXR?

On fees, GLDU.TO is cheaper at 1.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GLDU.TO or CPXR?

GLDU.TO is cheaper with a 1.15% expense ratio, compared with 1.20% for CPXR.

What is the main difference between GLDU.TO and CPXR?

GLDU.TO tracks Solactive Gold Front Month MD Rolling Futures Index, while CPXR tracks SummerHaven Copper Index. They also come from different issuers: Global X and USCF. Their fees differ too: 1.15% for GLDU.TO and 1.20% for CPXR.