SCHD vs. CPER
SCHD (Schwab U.S. Dividend Equity ETF) and CPER (United States Copper Index Fund) are both exchange-traded funds - SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index, while CPER is a Metals fund tracking the SummerHaven Copper Index Total Return. Both are passively managed. Over the past 10 years, SCHD returned 12.65%/yr vs 11.08%/yr for CPER. At a 0.28 correlation, their price movements are largely independent. SCHD charges 0.06%/yr vs 1.06%/yr for CPER.
Performance
SCHD vs. CPER - Performance Comparison
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Returns By Period
In the year-to-date period, SCHD achieves a 18.71% return, which is significantly higher than CPER's 10.27% return. Over the past 10 years, SCHD has outperformed CPER with an annualized return of 12.65%, while CPER has yielded a comparatively lower 11.08% annualized return.
SCHD
- 1D
- -0.03%
- 1M
- 2.12%
- YTD
- 18.71%
- 6M
- 19.28%
- 1Y
- 26.37%
- 3Y*
- 14.73%
- 5Y*
- 8.49%
- 10Y*
- 12.65%
CPER
- 1D
- 1.23%
- 1M
- 0.73%
- YTD
- 10.27%
- 6M
- 15.97%
- 1Y
- 27.52%
- 3Y*
- 18.31%
- 5Y*
- 6.72%
- 10Y*
- 11.08%
SCHD vs. CPER - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHD Schwab U.S. Dividend Equity ETF | 18.71% | 4.34% | 11.66% | 4.54% | -3.26% | 29.87% | 15.03% | 27.29% | -5.56% | 20.85% |
CPER United States Copper Index Fund | 10.27% | 38.95% | 4.23% | 4.55% | -15.14% | 25.21% | 23.90% | 6.66% | -21.91% | 28.80% |
Correlation
The correlation between SCHD and CPER is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2011 | 0.28 |
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Return for Risk
SCHD vs. CPER — Risk / Return Rank
SCHD
CPER
SCHD vs. CPER - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Dividend Equity ETF (SCHD) 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.
| SCHD | CPER | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.63 | ||
| Sortino ratioReturn per unit of downside risk | +2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.19 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 5.74 | 1.12 | +4.62 |
| Martin ratioReturn relative to average drawdown | 14.06 | 2.31 | +11.75 |
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
| SCHD | CPER | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.43 | 0.80 | +1.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.25 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.46 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.13 | +0.73 |
Drawdowns
SCHD vs. CPER - Drawdown Comparison
The maximum SCHD drawdown since its inception was -33.37%, smaller than the maximum CPER drawdown of -54.04%. Use the drawdown chart below to compare losses from any high point for SCHD and CPER.
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Drawdown Indicators
| SCHD | CPER | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.37% | -54.04% | +20.67% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -24.77% | +20.16% |
Max Drawdown (3Y)Largest decline over 3 years | -16.13% | -24.77% | +8.64% |
Max Drawdown (5Y)Largest decline over 5 years | -16.85% | -34.75% | +17.90% |
Max Drawdown (10Y)Largest decline over 10 years | -33.37% | -38.42% | +5.05% |
Current DrawdownCurrent decline from peak | -1.64% | -5.05% | +3.41% |
Average DrawdownAverage peak-to-trough decline | -3.32% | -25.39% | +22.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 11.94% | -10.06% |
Volatility
SCHD vs. CPER - Volatility Comparison
The current volatility for Schwab U.S. Dividend Equity ETF (SCHD) is 2.83%, while United States Copper Index Fund (CPER) has a volatility of 10.22%. This indicates that SCHD experiences smaller price fluctuations and is considered to be less risky 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
| SCHD | CPER | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 10.22% | -7.39% |
Volatility (6M)Calculated over the trailing 6-month period | 7.60% | 23.14% | -15.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.94% | 34.78% | -23.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.38% | 27.04% | -12.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.72% | 24.07% | -7.35% |
SCHD vs. CPER - Expense Ratio Comparison
SCHD has a 0.06% expense ratio, which is lower than CPER's 1.06% expense ratio.
Dividends
SCHD vs. CPER - Dividend Comparison
SCHD's dividend yield for the trailing twelve months is around 3.27%, 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% |
SCHD Schwab U.S. Dividend Equity ETF | 3.27% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
Frequently Asked Questions
SCHD and CPER have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CPER has higher volatility (10.22%) compared to SCHD (2.83%). In terms of maximum drawdown, SCHD dropped -33.37% vs CPER's -54.04%.
On 10-year performance, SCHD leads with 12.65% vs 11.08% for CPER. On fees, SCHD is cheaper at 0.06% per year. On volatility, SCHD has been the lower-risk option at 2.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SCHD has performed better with a 12.65% return vs 11.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHD is cheaper with a 0.06% expense ratio, compared with 1.06% for CPER.
SCHD has the higher dividend yield at 3.27%, compared with 0.00% for CPER.
SCHD is categorized as Dividend, while CPER is Metals. SCHD tracks Dow Jones U.S. Dividend 100 Index, while CPER tracks SummerHaven Copper Index Total Return. They also come from different issuers: Charles Schwab and USCF. Their fees differ too: 0.06% for SCHD and 1.06% for CPER.
SCHD currently has the higher Sharpe Ratio (2.43 vs 0.80), 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.
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