HG=F vs. CPER
Compare and contrast key facts about Copper (HG=F) and United States Copper Index Fund (CPER).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HG=F or CPER.
Key characteristics
| HG=F | CPER | |
|---|---|---|
| YTD Return | 13.14% | 12.72% |
| 1Y Return | 17.36% | 17.28% |
| 3Y Return (Ann) | 0.77% | 1.24% |
| 5Y Return (Ann) | 10.26% | 10.19% |
| 10Y Return (Ann) | 2.99% | 2.23% |
| Sharpe Ratio | 0.62 | 0.94 |
| Daily Std Dev | 19.64% | 19.79% |
| Max Drawdown | -62.54% | -54.04% |
| Current Drawdown | -14.23% | -13.29% |
Correlation
The correlation between HG=F and CPER is 0.84, 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.
Performance
HG=F vs. CPER - Performance Comparison
The year-to-date returns for both stocks are quite close, with HG=F having a 13.14% return and CPER slightly lower at 12.72%. Over the past 10 years, HG=F has outperformed CPER with an annualized return of 2.99%, while CPER has yielded a comparatively lower 2.23% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
HG=F vs. CPER - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Copper (HG=F) 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.
Drawdowns
HG=F vs. CPER - Drawdown Comparison
The maximum HG=F drawdown since its inception was -62.54%, which is greater than CPER's maximum drawdown of -54.04%. Use the drawdown chart below to compare losses from any high point for HG=F and CPER. For additional features, visit the drawdowns tool.
Volatility
HG=F vs. CPER - Volatility Comparison
Copper (HG=F) has a higher volatility of 7.56% compared to United States Copper Index Fund (CPER) at 6.71%. This indicates that HG=F'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.