QQQ vs. CPER
QQQ (Invesco QQQ ETF) and CPER (United States Copper Index Fund) are both exchange-traded funds - QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while CPER is a Copper fund tracking the SummerHaven Copper Index Total Return. Both are passively managed. Over the past 10 years, QQQ returned 20.72%/yr vs 10.14%/yr for CPER. At a 0.29 correlation, their price movements are largely independent. QQQ charges 0.18%/yr vs 1.06%/yr for CPER.
Performance
QQQ vs. CPER - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QQQ achieves a 13.58% return, which is significantly higher than CPER's 9.90% return. Over the past 10 years, QQQ has outperformed CPER with an annualized return of 20.72%, while CPER has yielded a comparatively lower 10.14% annualized return.
QQQ
- 1D
- 0.10%
- 1M
- -5.91%
- 6M
- 12.30%
- YTD
- 13.58%
- 1Y
- 24.61%
- 3Y*
- 23.54%
- 5Y*
- 14.68%
- 10Y*
- 20.72%
- ALL TIME*
- 10.70%
CPER
- 1D
- 1.32%
- 1M
- -1.13%
- 6M
- 6.90%
- YTD
- 9.90%
- 1Y
- 10.85%
- 3Y*
- 17.70%
- 5Y*
- 7.97%
- 10Y*
- 10.14%
- ALL TIME*
- 2.94%
QQQ vs. CPER - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 13.58% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
CPER United States Copper Index Fund | 9.90% | 38.95% | 4.23% | 4.55% | -15.14% | 25.21% | 23.90% | 6.66% | -21.91% | 28.80% |
Correlation
The correlation between QQQ and CPER is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2011 | 0.29 |
Over the past year, QQQ and CPER have become more correlated (0.50) than their long-term average of 0.29, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QQQ vs. CPER — Risk / Return Rank
QQQ
CPER
QQQ vs. CPER - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) 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.
| QQQ | CPER | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.10 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 0.44 | +1.63 |
| Martin ratioReturn relative to average drawdown | 7.22 | 0.90 | +6.33 |
Loading charts...
Drawdowns
QQQ vs. CPER - Drawdown Comparison
The maximum QQQ drawdown since its inception was -82.97%, which is greater than CPER's maximum drawdown of -54.04%. Use the drawdown chart below to compare losses from any high point for QQQ and CPER.
Loading charts...
Drawdown Indicators
| QQQ | CPER | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.97% | -54.04% | -28.93% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -24.77% | +12.81% |
Max Drawdown (3Y)Largest decline over 3 years | -22.77% | -24.77% | +2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -35.12% | -34.75% | -0.37% |
Max Drawdown (10Y)Largest decline over 10 years | -35.12% | -38.42% | +3.30% |
Current DrawdownCurrent decline from peak | -6.61% | -5.37% | -1.24% |
Average DrawdownAverage peak-to-trough decline | -32.65% | -25.24% | -7.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 12.13% | -8.71% |
Volatility
QQQ vs. CPER - Volatility Comparison
Invesco QQQ ETF (QQQ) has a higher volatility of 7.41% compared to United States Copper Index Fund (CPER) at 6.94%. This indicates that QQQ'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.
Loading charts...
Volatility by Period
| QQQ | CPER | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.41% | 6.94% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 15.55% | 21.89% | -6.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.78% | 34.16% | -15.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.81% | 27.10% | -4.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.45% | 24.08% | -1.63% |
QQQ vs. CPER - Expense Ratio Comparison
QQQ has a 0.18% expense ratio, which is lower than CPER's 1.06% expense ratio.
Dividends
QQQ vs. CPER - Dividend Comparison
QQQ's dividend yield for the trailing twelve months is around 0.44%, while CPER has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
QQQ Invesco QQQ ETF | 0.44% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Frequently Asked Questions
QQQ and CPER have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQ has higher volatility (7.41%) compared to CPER (6.94%). In terms of maximum drawdown, QQQ dropped -82.97% vs CPER's -54.04%.
On 10-year performance, QQQ leads with 20.72% vs 10.14% for CPER. On fees, QQQ is cheaper at 0.18% per year. On volatility, CPER has been the lower-risk option at 6.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, QQQ has performed better with a 20.72% return vs 10.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQ is cheaper with a 0.18% expense ratio, compared with 1.06% for CPER.
QQQ has the higher dividend yield at 0.44%, compared with 0.00% for CPER.
QQQ is categorized as Nasdaq-100, while CPER is Copper. QQQ tracks NASDAQ-100 Index, while CPER tracks SummerHaven Copper Index Total Return. They also come from different issuers: Invesco and USCF. Their fees differ too: 0.18% for QQQ and 1.06% for CPER.
QQQ currently has the higher Sharpe Ratio (1.32 vs 0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for QQQ and CPER
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer