UDI vs. CPER

Last updated Aug 2, 2026

UDI (USCF ESG Dividend Income Fund) and CPER (United States Copper Index Fund) are both exchange-traded funds - UDI is a Large Cap Value Equities fund actively managed by USCF, while CPER is a Copper fund tracking the SummerHaven Copper Index Total Return. UDI is actively managed, while CPER is passively managed. Over the past 3 years, UDI returned 17.02%/yr vs 17.80%/yr for CPER. Their 0.23 correlation means their historical movements had little consistent relationship. UDI charges 0.65%/yr vs 1.06%/yr for CPER.

Performance

UDI vs. CPER - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USCF ESG Dividend Income Fund (UDI) and United States Copper Index Fund (CPER). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UDI achieves a 16.78% return, which is significantly higher than CPER's 13.16% return.

UDI

• 1D: 0.09%
• 1M: 2.84%
• 6M: 12.51%
• YTD: 16.78%
• 1Y: 27.73%
• 3Y*: 17.02%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.87%

CPER

• 1D: 0.56%
• 1M: 6.09%
• 6M: 8.59%
• YTD: 13.16%
• 1Y: 43.49%
• 3Y*: 17.80%
• 5Y*: 7.64%
• 10Y*: 10.57%
• ALL TIME*: 3.14%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CPER United States Copper Index Fund	$16.98M	$14.74M	$24.58M
UDI USCF ESG Dividend Income Fund	$39.69K	$57.87K	$43.48K

UDI vs. CPER - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
UDI USCF ESG Dividend Income Fund	16.78%	14.23%	17.07%	6.35%	3.14%
CPER United States Copper Index Fund	13.16%	38.95%	4.23%	4.55%	-14.40%

Correlation

The correlation between UDI and CPER is 0.21, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.21
Correlation (3Y) Balances recent behavior with more history.	0.20
Correlation (All Time) Calculated using the full available price history since Jun 8, 2022	0.23

Return for Risk

UDI vs. CPER — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

UDI

UDI Risk / Return Rank: 94
UDI Sharpe Ratio Rank: 94
UDI Sortino Ratio Rank: 94
UDI Omega Ratio Rank: 92
UDI Calmar Ratio Rank: 93
UDI Martin Ratio Rank: 94

CPER

CPER Risk / Return Rank: 70
CPER Sharpe Ratio Rank: 70
CPER Sortino Ratio Rank: 65
CPER Omega Ratio Rank: 67
CPER Calmar Ratio Rank: 77
CPER Martin Ratio Rank: 69

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

UDI vs. CPER - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USCF ESG Dividend Income Fund (UDI) 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.

	UDI	CPER	Difference
Sharpe ratio: Return per unit of total volatility	2.64	1.58	+1.06
Sortino ratio: Return per unit of downside risk	3.85	2.15	+1.70
Omega ratio: Gain probability vs. loss probability	1.46	1.28	+0.18
Calmar ratio: Return relative to maximum drawdown	4.71	2.70	+2.01
Martin ratio: Return relative to average drawdown	18.68	8.40	+10.28

UDI vs. CPER - Sharpe Ratio Comparison

The current UDI Sharpe Ratio is 2.64, which is higher than the CPER Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of UDI and CPER, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UDI vs. CPER - Drawdown Comparison

The maximum UDI drawdown since its inception was -14.17%, smaller than the maximum CPER drawdown of -54.04%. Use the drawdown chart below to compare losses from any high point for UDI and CPER.

Drawdown Indicators

	UDI	CPER	Difference
Max Drawdown Largest peak-to-trough decline	-14.17%	-54.04%	+39.87%
Max Drawdown (1Y) Largest decline over 1 year	-5.66%	-16.43%	+10.77%
Max Drawdown (3Y) Largest decline over 3 years	-14.17%	-24.77%	+10.60%
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	-1.08%	-2.56%	+1.48%
Average Drawdown Average peak-to-trough decline	-3.00%	-25.19%	+22.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.42%	5.26%	-3.84%

Volatility

UDI vs. CPER - Volatility Comparison

The current volatility for USCF ESG Dividend Income Fund (UDI) is 3.13%, while United States Copper Index Fund (CPER) has a volatility of 6.29%. This indicates that UDI 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.

Volatility by Period

	UDI	CPER	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.13%	6.29%	-3.16%
Volatility (6M) Calculated over the trailing 6-month period	7.37%	21.59%	-14.22%
Volatility (1Y) Calculated over the trailing 1-year period	10.16%	28.15%	-17.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.93%	27.08%	-13.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.93%	24.11%	-10.18%

UDI vs. CPER - Expense Ratio Comparison

UDI has a 0.65% expense ratio, which is lower than CPER's 1.06% expense ratio.

Dividends

UDI vs. CPER - Dividend Comparison

UDI's dividend yield for the trailing twelve months is around 2.56%, while CPER has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
CPER United States Copper Index Fund	0.00%	0.00%	0.00%	0.00%	0.00%
UDI USCF ESG Dividend Income Fund	2.56%	2.42%	5.33%	2.61%	1.79%

Frequently Asked Questions

Can I hold both UDI and CPER in my portfolio?

UDI and CPER have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UDI or CPER?

CPER has higher volatility (6.29%) compared to UDI (3.13%). In terms of maximum drawdown, UDI dropped -14.17% vs CPER's -54.04%.

Which ETF is better, UDI or CPER?

On 3-year performance, CPER leads with 17.80% vs 17.02% for UDI. On fees, UDI is cheaper at 0.65% per year. On volatility, UDI has been the lower-risk option at 3.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UDI or CPER?

Over the 3-year period, CPER has performed better with a 17.80% return vs 17.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UDI or CPER?

UDI is cheaper with a 0.65% expense ratio, compared with 1.06% for CPER.

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

UDI has the higher dividend yield at 2.56%, compared with 0.00% for CPER.

What is the main difference between UDI and CPER?

UDI is categorized as Large Cap Value Equities, while CPER is Copper. Their fees differ too: 0.65% for UDI and 1.06% for CPER.

Which has better risk-adjusted returns?

UDI currently has the higher Sharpe Ratio (2.64 vs 1.58), 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.