KCOP vs. CPER

Last updated Jun 24, 2026

KCOP (Kurv Copper & Mining Enhanced Income ETF) and CPER (United States Copper Index Fund) are both Copper funds. KCOP is actively managed, while CPER is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. KCOP charges 0.99%/yr vs 1.06%/yr for CPER.

Performance

KCOP vs. CPER - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Copper & Mining Enhanced Income ETF (KCOP) and United States Copper Index Fund (CPER). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KCOP

• 1D: -5.58%
• 1M: -4.75%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CPER

• 1D: -3.84%
• 1M: -4.11%
• YTD: 6.75%
• 6M: 9.28%
• 1Y: 21.76%
• 3Y*: 16.60%
• 5Y*: 7.10%
• 10Y*: 10.37%

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

KCOP vs. CPER - Yearly Performance Comparison

	2026 (YTD)
KCOP Kurv Copper & Mining Enhanced Income ETF	-4.46%
CPER United States Copper Index Fund	5.10%

Correlation

The correlation between KCOP and CPER is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 13, 2026	0.91

Return for Risk

KCOP vs. CPER — Risk / Return Rank

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

KCOP

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

CPER

CPER Risk / Return Rank: 20
CPER Sharpe Ratio Rank: 19
CPER Sortino Ratio Rank: 18
CPER Omega Ratio Rank: 23
CPER Calmar Ratio Rank: 20
CPER Martin Ratio Rank: 17

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.

KCOP vs. CPER - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Copper & Mining Enhanced Income ETF (KCOP) 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.

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.

	KCOP	CPER	Difference
Sharpe ratio: Return per unit of total volatility	—	0.62	—
Sortino ratio: Return per unit of downside risk	—	0.97	—
Omega ratio: Gain probability vs. loss probability	—	1.16	—
Calmar ratio: Return relative to maximum drawdown	—	0.88	—
Martin ratio: Return relative to average drawdown	—	1.82	—

Drawdowns

KCOP vs. CPER - Drawdown Comparison

The maximum KCOP drawdown since its inception was -21.55%, smaller than the maximum CPER drawdown of -54.04%. Use the drawdown chart below to compare losses from any high point for KCOP and CPER.

Drawdown Indicators

	KCOP	CPER	Difference
Max Drawdown Largest peak-to-trough decline	-21.55%	-54.04%	+32.49%
Max Drawdown (1Y) Largest decline over 1 year	—	-24.77%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-24.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.75%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.42%	—
Current Drawdown Current decline from peak	-12.61%	-8.08%	-4.53%
Average Drawdown Average peak-to-trough decline	-8.42%	-25.32%	+16.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.97%	—

Volatility

Volatility by Period

	KCOP	CPER	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.34%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.62%	—
Volatility (1Y) Calculated over the trailing 1-year period	44.23%	35.07%	+9.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.23%	27.06%	+17.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.23%	24.11%	+20.12%

KCOP vs. CPER - Expense Ratio Comparison

KCOP has a 0.99% expense ratio, which is lower than CPER's 1.06% expense ratio.

Dividends

KCOP vs. CPER - Dividend Comparison

KCOP's dividend yield for the trailing twelve months is around 5.29%, while CPER has not paid dividends to shareholders.

Position	TTM
CPER United States Copper Index Fund	0.00%
KCOP Kurv Copper & Mining Enhanced Income ETF	5.29%

Frequently Asked Questions

Can I hold both KCOP and CPER in my portfolio?

With a correlation of 0.91, KCOP and CPER move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, KCOP or CPER?

On fees, KCOP 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, KCOP or CPER?

KCOP is cheaper with a 0.99% expense ratio, compared with 1.06% for CPER.

Which ETF pays a higher dividend yield, KCOP or CPER?

KCOP has the higher dividend yield at 5.29%, compared with 0.00% for CPER.

What is the main difference between KCOP and CPER?

They also come from different issuers: Kurv and USCF. Their fees differ too: 0.99% for KCOP and 1.06% for CPER.