USCI vs. CPER
Compare and contrast key facts about United States Commodity Index Fund (USCI) and United States Copper Index Fund (CPER).
USCI and CPER are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USCI is a passively managed fund by Concierge Technologies that tracks the performance of the SummerHaven Dynamic Commodity (TR). It was launched on Aug 10, 2010. 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. Both USCI and CPER are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
USCI vs. CPER - Performance Comparison
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USCI vs. CPER - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USCI United States Commodity Index Fund | 22.82% | 17.63% | 17.24% | -0.00% | 29.47% | 33.07% | -11.47% | -1.68% | -11.76% | 6.32% |
CPER United States Copper Index Fund | -1.52% | 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, USCI achieves a 22.82% return, which is significantly higher than CPER's -1.52% return. Both investments have delivered pretty close results over the past 10 years, with USCI having a 9.00% annualized return and CPER not far ahead at 9.10%.
USCI
- 1D
- -0.70%
- 1M
- 11.64%
- YTD
- 22.82%
- 6M
- 22.37%
- 1Y
- 32.16%
- 3Y*
- 20.66%
- 5Y*
- 21.59%
- 10Y*
- 9.00%
CPER
- 1D
- 2.50%
- 1M
- -6.64%
- YTD
- -1.52%
- 6M
- 14.77%
- 1Y
- 8.96%
- 3Y*
- 11.35%
- 5Y*
- 6.82%
- 10Y*
- 9.10%
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USCI vs. CPER - Expense Ratio Comparison
USCI has a 1.03% expense ratio, which is higher than CPER's 0.80% expense ratio.
Return for Risk
USCI vs. CPER — Risk / Return Rank
USCI
CPER
USCI vs. CPER - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Commodity Index Fund (USCI) 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.
| USCI | CPER | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.76 | 0.24 | +1.51 |
Sortino ratioReturn per unit of downside risk | 2.28 | 0.54 | +1.73 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.09 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 2.76 | 0.31 | +2.45 |
Martin ratioReturn relative to average drawdown | 9.39 | 0.64 | +8.75 |
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
| USCI | CPER | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 0.24 | +1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.18 | 0.26 | +0.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.38 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.09 | +0.19 |
Correlation
The correlation between USCI and CPER is 0.46, 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
USCI vs. CPER - Dividend Comparison
Neither USCI nor CPER has paid dividends to shareholders.
Drawdowns
USCI vs. CPER - Drawdown Comparison
The maximum USCI drawdown since its inception was -66.41%, which is greater than CPER's maximum drawdown of -54.04%. Use the drawdown chart below to compare losses from any high point for USCI and CPER.
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Drawdown Indicators
| USCI | CPER | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.41% | -54.04% | -12.37% |
Max Drawdown (1Y)Largest decline over 1 year | -12.01% | -24.77% | +12.76% |
Max Drawdown (5Y)Largest decline over 5 years | -18.84% | -34.75% | +15.91% |
Max Drawdown (10Y)Largest decline over 10 years | -45.82% | -38.42% | -7.40% |
Current DrawdownCurrent decline from peak | -0.70% | -11.06% | +10.36% |
Average DrawdownAverage peak-to-trough decline | -29.82% | -25.65% | -4.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 12.19% | -8.66% |
Volatility
USCI vs. CPER - Volatility Comparison
The current volatility for United States Commodity Index Fund (USCI) is 6.98%, while United States Copper Index Fund (CPER) has a volatility of 9.29%. This indicates that USCI 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
| USCI | CPER | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.98% | 9.29% | -2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 13.85% | 21.96% | -8.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.38% | 36.84% | -18.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.42% | 26.85% | -8.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.78% | 23.87% | -8.09% |