CPER vs QQQ
United States Copper Index Fund vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. CPER delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | CPER | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.88% | 0.18% | |
| AUM | $738M | $455.8B | |
| Dividend Yield | 0.00% | 0.41% | |
| Holdings | 10 | 108 | |
| YTD Return | +13.92% | +19.68% | |
| 1Y Return | +42.58% | +26.75% | |
| 3Y Return (annualized) | +19.98% | +26.25% | |
| 5Y Return (annualized) | +8.25% | +15.39% | |
| Volatility (annualized) | 19.7% | 30.6% | |
| Max Drawdown | -54.0% | -83.0% | |
| Fund Family | USCF Investments | Invesco (US) | |
| Category | Commodity | Equity | |
| Inception | Nov 14, 2011 | Mar 10, 1999 |
CPER vs QQQ Performance
United States Copper Index Fund (CPER) is a ETF from USCF Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CPER returned +42.58% while QQQ returned +26.75%. Year to date, CPER is up 13.92% versus a gain of 19.68% for QQQ.
Over three years, CPER compounded at +19.98% per year against +26.25% for QQQ; over five years the annualized figures are +8.25% and +15.39% respectively. Across the full 15-year window we track, QQQ has the edge at +13.15% annualized vs +3.16%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 19.7% for CPER. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -54.0% for CPER and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CPER charges 0.88% per year while QQQ charges 0.18%. On a $10,000 position that is $88 vs $18 annually, a gap of $70 per year that compounds over a long holding period. On income, CPER currently yields 0.00% against 0.41% for QQQ.
Holdings Overlap
CPER and QQQ share 0 holdings out of 104 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CPER or QQQ?
CPER has an expense ratio of 0.88% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $70 per year of difference.
Which performed better, CPER or QQQ?
Over the past year CPER returned +42.58% vs +26.75% for QQQ, so CPER leads on 1-year performance. Over the longest common window we track (15 years), CPER annualized +3.16% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, CPER or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 19.7% for CPER. Worst drawdown: CPER -54.0% vs QQQ -83.0%.
Should I hold both CPER and QQQ?
CPER and QQQ have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CPER and QQQ?
CPER and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, CPER or QQQ?
CPER yields 0.00% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
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