NHYDY vs. CPER

Last updated Apr 2, 2026

Compare and contrast key facts about Norsk Hydro ASA ADR (NHYDY) 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.

Performance

NHYDY vs. CPER - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Norsk Hydro ASA ADR (NHYDY) and United States Copper Index Fund (CPER). The values are adjusted to include any dividend payments, if applicable.

NHYDY vs. CPER - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NHYDY Norsk Hydro ASA ADR	37.71%	47.30%	-14.94%	-4.18%	5.95%	76.35%	34.91%	-15.68%	-38.01%	65.31%
CPER United States Copper Index Fund	-1.77%	38.95%	4.23%	4.55%	-15.14%	25.21%	23.90%	6.66%	-21.91%	28.80%

Returns By Period

In the year-to-date period, NHYDY achieves a 37.71% return, which is significantly higher than CPER's -1.77% return. Over the past 10 years, NHYDY has outperformed CPER with an annualized return of 15.97%, while CPER has yielded a comparatively lower 9.08% annualized return.

NHYDY

• 1D: -0.19%
• 1M: 12.45%
• YTD: 37.71%
• 6M: 52.86%
• 1Y: 91.47%
• 3Y*: 18.51%
• 5Y*: 16.97%
• 10Y*: 15.97%

CPER

• 1D: -0.26%
• 1M: -5.63%
• YTD: -1.77%
• 6M: 13.90%
• 1Y: 8.95%
• 3Y*: 11.25%
• 5Y*: 6.76%
• 10Y*: 9.08%

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

Return for Risk

NHYDY vs. CPER — Risk / Return Rank

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

NHYDY

NHYDY Risk / Return Rank: 94
NHYDY Sharpe Ratio Rank: 95
NHYDY Sortino Ratio Rank: 94
NHYDY Omega Ratio Rank: 92
NHYDY Calmar Ratio Rank: 94
NHYDY Martin Ratio Rank: 96

CPER

CPER Risk / Return Rank: 19
CPER Sharpe Ratio Rank: 18
CPER Sortino Ratio Rank: 19
CPER Omega Ratio Rank: 22
CPER Calmar Ratio Rank: 19
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.

NHYDY vs. CPER - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Norsk Hydro ASA ADR (NHYDY) 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.

	NHYDY	CPER	Difference
Sharpe ratio Return per unit of total volatility	2.80	0.24	+2.55
Sortino ratio Return per unit of downside risk	3.45	0.54	+2.91
Omega ratio Gain probability vs. loss probability	1.45	1.09	+0.36
Calmar ratio Return relative to maximum drawdown	5.25	0.35	+4.90
Martin ratio Return relative to average drawdown	20.15	0.71	+19.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NHYDY vs. CPER - Sharpe Ratio Comparison

The current NHYDY Sharpe Ratio is 2.80, which is higher than the CPER Sharpe Ratio of 0.24. The chart below compares the historical Sharpe Ratios of NHYDY and CPER, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NHYDY	CPER	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.80	0.24	+2.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.25	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	0.38	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.09	+0.33

Correlation

The correlation between NHYDY and CPER is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

NHYDY vs. CPER - Dividend Comparison

NHYDY's dividend yield for the trailing twelve months is around 1.93%, while CPER has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
NHYDY Norsk Hydro ASA ADR	1.93%	2.65%	4.30%	8.10%	9.59%	1.86%	5.44%	3.92%	4.96%	1.91%	2.60%
CPER United States Copper Index Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

NHYDY vs. CPER - Drawdown Comparison

The maximum NHYDY drawdown since its inception was -73.90%, which is greater than CPER's maximum drawdown of -54.04%. Use the drawdown chart below to compare losses from any high point for NHYDY and CPER.

Drawdown Indicators

	NHYDY	CPER	Difference
Max Drawdown Largest peak-to-trough decline	-73.90%	-54.04%	-19.86%
Max Drawdown (1Y) Largest decline over 1 year	-16.25%	-24.77%	+8.52%
Max Drawdown (5Y) Largest decline over 5 years	-46.67%	-34.75%	-11.92%
Max Drawdown (10Y) Largest decline over 10 years	-73.90%	-38.42%	-35.48%
Current Drawdown Current decline from peak	-0.19%	-11.29%	+11.10%
Average Drawdown Average peak-to-trough decline	-25.67%	-25.65%	-0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.52%	12.19%	-7.67%

Volatility

NHYDY vs. CPER - Volatility Comparison

Norsk Hydro ASA ADR (NHYDY) has a higher volatility of 14.95% compared to United States Copper Index Fund (CPER) at 9.07%. This indicates that NHYDY'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.

Volatility by Period

	NHYDY	CPER	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.95%	9.07%	+5.88%
Volatility (6M) Calculated over the trailing 6-month period	24.67%	21.93%	+2.74%
Volatility (1Y) Calculated over the trailing 1-year period	32.88%	36.82%	-3.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.26%	26.85%	+12.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.37%	23.86%	+15.51%