CPER vs SPY
United States Copper Index Fund vs State Street SPDR S&P 500 ETF Trust
Which is better, CPER or SPY?
Precious Metals against Large Cap Blend.
SPY has a lower expense ratio. CPER led over 1Y, SPY over 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CPER | SPY |
|---|---|---|
| Expense Ratio | 0.88% | 0.09%Best |
| AUM | $741M | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 22 | 505 |
| YTD Return | +16.27%Best | +13.82% |
| 1Y Return | +42.10%Best | +16.96% |
| 3Y Return (annualized) | +21.22% | +22.97%Best |
| 5Y Return (annualized) | +10.00% | +13.73%Best |
| Volatility (annualized) | 19.6% | 14.0%Best |
| Max Drawdown | -54.0% | -34.1%Best |
| $10,000 over 5 years | $16,105 | $19,027Best |
| Fund Family | USCF Investments | State Street Investment Management |
| Category | Commodity | Equity |
| Style | Precious Metals | Large Cap Blend |
| Inception | Nov 14, 2011 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 15, 2011 to Sep 21, 2026 (14.9 years).
CPER vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 14.9 years both funds cover.
CPER vs SPY Performance
United States Copper Index Fund (CPER) is an ETF from USCF Investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year CPER returned +42.10% while SPY returned +16.96%. Year to date, CPER is up 16.27% versus a gain of 13.82% for SPY.
Over three years, CPER compounded at +21.22% per year against +22.97% for SPY; over five years the annualized figures are +10.00% and +13.73% respectively. Across the full 15-year window we track, SPY has the edge at +13.56% annualized vs +3.28%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CPER has been the more volatile fund, with annualized monthly volatility of 19.6% compared with 14.0% for SPY. 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 -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.43. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CPER charges 0.88% per year while SPY charges 0.09%. On a $10,000 position that is $88 vs $9 annually, a gap of $79 per year that compounds over a long holding period. On income, CPER currently yields 0.00% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 1 holding in CPER and 504 in SPY, totalling 25.2% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in CPER and 504 in SPY, against full books of 22 and 505.
You are not choosing between two funds in isolation.
Whichever of CPER and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CPER or SPY?
CPER has an expense ratio of 0.88% while SPY charges 0.09%. SPY is the cheaper option, by $79 a year on a $10,000 investment.
Which performed better, CPER or SPY?
Over the past year CPER returned +42.10% vs +16.96% for SPY, so CPER leads on 1-year performance. Over the longest common window we track (15 years), CPER annualized +3.28% vs +13.56% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CPER or SPY?
CPER has been the more volatile fund at 19.6% annualized versus 14.0% for SPY. Worst drawdown: CPER -54.0% vs SPY -34.1%.
Should I hold both CPER and SPY?
CPER and SPY have a monthly-return correlation of 0.43, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CPER or SPY?
CPER yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than CPER?
SPY has a lower expense ratio. CPER led over 1Y, SPY over 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.