CPER — United States Copper Index Fund, LP

CPER Price Performance — Growth of $10,000

Value of a $10,000 investment in CPER over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

CPER Drawdown

The "underwater" chart: CPER's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The United States Copper Index Fund, LP is a commodities ETF issued by USCF Investments with $713 million in assets under management. It holds a C grade (56.2/100) and ranks 9th out of 22 peers in its category, placing it in the middle of the pack. The fund carries an expense ratio of 0.88%, which is notably higher than the category median of 0.595%. It does not pay dividends, contrasting with the category median yield of 2.89%. Holdings breakdown data is not available for this fund.

The fund has delivered a 1-year return of +26.12%, significantly outperforming the category median of +9.06%. Short-term momentum has slowed, with a 1-month decline of -3.91% following a 6-month gain of +5.74%. Over the longer term, the 3-year return stands at +71.62%. The current price of $39.06 sits at 77.7% of its 52-week range. The ETFValuer grade of C has remained unchanged over the last 35 tracked days, based on 3.0 years of price history.

With an annualized volatility of 28.08%, the fund is classified as High risk. Its beta of 0.42 indicates it moves less than the broader market. The Sharpe ratio of 0.75 suggests moderate risk-adjusted returns relative to the risk taken. The maximum drawdown recorded is -24.77%. Liquidity is supported by an average daily volume of 507,453 shares.

AI-generated summary based on the data on this page.

Market Backdrop

10-Year Treasury Yield: 4.96% (as of 2026-10-22) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 19.03 (as of 2026-10-22) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

CPER Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 507K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $713M provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: CPER is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

CPER Performance History

How CPER Compares to Other Commodities ETFs