UMI vs. CPER
UMI (USCF Midstream Energy Income Fund ETF) and CPER (United States Copper Index Fund) are both exchange-traded funds - UMI is a Energy Equities fund actively managed by USCF, while CPER is a Copper fund tracking the SummerHaven Copper Index Total Return. UMI is actively managed, while CPER is passively managed. Over the past 5 years, UMI returned 22.50%/yr vs 7.64%/yr for CPER. Their 0.28 correlation means their historical movements had little consistent relationship. UMI charges 0.85%/yr vs 1.06%/yr for CPER.
Performance
UMI vs. CPER - Performance Comparison
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Returns By Period
In the year-to-date period, UMI achieves a 26.70% return, which is significantly higher than CPER's 13.16% return.
UMI
- 1D
- 0.50%
- 1M
- 3.72%
- 6M
- 18.07%
- YTD
- 26.70%
- 1Y
- 28.25%
- 3Y*
- 26.23%
- 5Y*
- 22.50%
- 10Y*
- —
- ALL TIME*
- 14.58%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.98M | $14.74M | $24.58M | |
| $1.28M | $1.03M | $1.15M |
UMI vs. CPER - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UMI USCF Midstream Energy Income Fund ETF | 26.70% | 5.11% | 42.97% | 14.60% | 20.78% | 20.97% | -8.25% | 21.06% | -10.64% | 2.76% |
CPER United States Copper Index Fund | 13.16% | 38.95% | 4.23% | 4.55% | -15.14% | 25.21% | 23.90% | 6.66% | -21.91% | 7.39% |
Correlation
The correlation between UMI and CPER is 0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2017 | 0.28 |
Over the past year, the correlation between UMI and CPER has dropped to 0.04 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
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Return for Risk
UMI vs. CPER — Risk / Return Rank
UMI
CPER
UMI vs. CPER - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USCF Midstream Energy Income Fund ETF (UMI) 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.
| UMI | CPER | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.28 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 2.70 | +1.09 |
| Martin ratioReturn relative to average drawdown | 9.51 | 8.40 | +1.10 |
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Drawdowns
UMI vs. CPER - Drawdown Comparison
The maximum UMI drawdown since its inception was -48.08%, smaller than the maximum CPER drawdown of -54.04%. Use the drawdown chart below to compare losses from any high point for UMI and CPER.
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Drawdown Indicators
| UMI | CPER | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.08% | -54.04% | +5.96% |
Max Drawdown (1Y)Largest decline over 1 year | -7.50% | -16.43% | +8.93% |
Max Drawdown (3Y)Largest decline over 3 years | -17.08% | -24.77% | +7.69% |
Max Drawdown (5Y)Largest decline over 5 years | -20.05% | -34.75% | +14.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.42% | — |
Current DrawdownCurrent decline from peak | -2.00% | -2.56% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -6.53% | -25.19% | +18.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 5.26% | -2.28% |
Volatility
UMI vs. CPER - Volatility Comparison
The current volatility for USCF Midstream Energy Income Fund ETF (UMI) is 5.19%, while United States Copper Index Fund (CPER) has a volatility of 6.29%. This indicates that UMI 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
| UMI | CPER | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 6.29% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 11.67% | 21.59% | -9.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.59% | 28.15% | -13.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.35% | 27.08% | -7.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.10% | 24.11% | -1.01% |
UMI vs. CPER - Expense Ratio Comparison
UMI has a 0.85% expense ratio, which is lower than CPER's 1.06% expense ratio.
Dividends
UMI vs. CPER - Dividend Comparison
UMI's dividend yield for the trailing twelve months is around 5.80%, while CPER has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
UMI USCF Midstream Energy Income Fund ETF | 5.80% | 6.23% | 4.39% | 4.67% | 4.36% | 3.00% | 2.18% | 2.47% | 2.48% | 0.15% |
Frequently Asked Questions
UMI and CPER have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CPER has higher volatility (6.29%) compared to UMI (5.19%). In terms of maximum drawdown, UMI dropped -48.08% vs CPER's -54.04%.
On 5-year performance, UMI leads with 22.50% vs 7.64% for CPER. On fees, UMI is cheaper at 0.85% per year. On volatility, UMI has been the lower-risk option at 5.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, UMI has performed better with a 22.50% return vs 7.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UMI is cheaper with a 0.85% expense ratio, compared with 1.06% for CPER.
UMI has the higher dividend yield at 5.80%, compared with 0.00% for CPER.
UMI is categorized as Energy Equities, while CPER is Copper. Their fees differ too: 0.85% for UMI and 1.06% for CPER.
UMI currently has the higher Sharpe Ratio (1.95 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.
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