HARD vs. CPER
Compare and contrast key facts about Simplify Commodities Strategy No K-1 ETF (HARD) and United States Copper Index Fund (CPER).
HARD and CPER are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HARD is an actively managed fund by Simplify. It was launched on Mar 27, 2023. CPER is a passively managed fund by Concierge Technologies that tracks the performance of the SummerHaven Copper Index Total Return. It was launched on Nov 15, 2011.
Performance
HARD vs. CPER - Performance Comparison
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HARD vs. CPER - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HARD Simplify Commodities Strategy No K-1 ETF | 20.41% | 12.19% | 20.48% | -5.04% |
CPER United States Copper Index Fund | -1.52% | 38.95% | 4.23% | -2.94% |
Returns By Period
In the year-to-date period, HARD achieves a 20.41% return, which is significantly higher than CPER's -1.52% return.
HARD
- 1D
- -1.39%
- 1M
- 8.55%
- YTD
- 20.41%
- 6M
- 18.31%
- 1Y
- 17.15%
- 3Y*
- 15.77%
- 5Y*
- —
- 10Y*
- —
CPER
- 1D
- 2.50%
- 1M
- -6.64%
- YTD
- -1.52%
- 6M
- 14.77%
- 1Y
- 8.96%
- 3Y*
- 11.35%
- 5Y*
- 6.82%
- 10Y*
- 9.10%
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HARD vs. CPER - Expense Ratio Comparison
HARD has a 0.75% expense ratio, which is lower than CPER's 0.80% expense ratio.
Return for Risk
HARD vs. CPER — Risk / Return Rank
HARD
CPER
HARD vs. CPER - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Commodities Strategy No K-1 ETF (HARD) and United States Copper Index Fund (CPER). 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.
| HARD | CPER | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 0.24 | +0.48 |
Sortino ratioReturn per unit of downside risk | 1.04 | 0.54 | +0.49 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.09 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.34 | 0.31 | +1.03 |
Martin ratioReturn relative to average drawdown | 2.53 | 0.64 | +1.89 |
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
| HARD | CPER | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 0.24 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.26 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.09 | +0.80 |
Correlation
The correlation between HARD and CPER is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
HARD vs. CPER - Dividend Comparison
HARD's dividend yield for the trailing twelve months is around 2.49%, while CPER has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HARD Simplify Commodities Strategy No K-1 ETF | 2.49% | 2.36% | 3.51% | 1.95% |
CPER United States Copper Index Fund | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HARD vs. CPER - Drawdown Comparison
The maximum HARD drawdown since its inception was -13.51%, smaller than the maximum CPER drawdown of -54.04%. Use the drawdown chart below to compare losses from any high point for HARD and CPER.
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Drawdown Indicators
| HARD | CPER | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.51% | -54.04% | +40.53% |
Max Drawdown (1Y)Largest decline over 1 year | -13.51% | -24.77% | +11.26% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.42% | — |
Current DrawdownCurrent decline from peak | -1.39% | -11.06% | +9.67% |
Average DrawdownAverage peak-to-trough decline | -5.44% | -25.65% | +20.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.17% | 12.19% | -5.02% |
Volatility
HARD vs. CPER - Volatility Comparison
Simplify Commodities Strategy No K-1 ETF (HARD) has a higher volatility of 11.53% compared to United States Copper Index Fund (CPER) at 9.29%. This indicates that HARD's price experiences larger fluctuations and is considered to be riskier than CPER based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HARD | CPER | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.53% | 9.29% | +2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 17.94% | 21.96% | -4.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.78% | 36.84% | -13.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.48% | 26.85% | -9.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.48% | 23.87% | -6.39% |