USCF Daily Target 2X Copper ETF (CPXR) Performance
CPXR total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +14.9% since Dec 31, 2025
- 1 year
- +38.7% total return
- Since first price
- +53.2% since 2025
CPXR trailing returns vs SPY, QQQ, AGG
| Period | CPXR total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −8.0% | −8.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.4% | +2.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.4% | +6.4% | +7.8% | +8.4% | −1.5% |
| YTD | +14.9% | +14.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +38.7% | +37.6% | +14.4% | +15.9% | −1.1% |
| Since inceptionJan 21, 2025 | +53.2% | +52.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: CPXR vs SPY
From Jan 21, 2025: CPXR grew to $15,321, SPY to $12,850.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CPXR returns by calendar year
2026 is year to date.
CPXR annual returns table
| Year | CPXR | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +14.9% | −31.6% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
CPXR largest drawdowns
Now 11.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 24, 2025 | −47.9% | Aug 5, 2025 | May 12, 2026 | 12 days | 10 months |
| Mar 26, 2025 | −38.9% | Apr 8, 2025 | Jul 8, 2025 | 13 days | 3 months |
| Jun 2, 2026 | −20.2% | Jun 24, 2026 | Sep 9, 2026 | 22 days | 3 months |
| Sep 22, 2026 | −14.3% | Oct 22, 2026 | not yet | 30 days | 31 days so far |
| May 12, 2026 | −13.4% | May 19, 2026 | Jun 2, 2026 | 7 days | 21 days |
| Sep 9, 2026 | −13.3% | Sep 14, 2026 | Sep 22, 2026 | 5 days | 13 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
CPXR risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +32.9% |
| Volatility (annualized) | 45.1% |
| Sharpe ratio | 0.79 |
| Sortino ratio | 1.11 |
| Best month | +22.3% |
| Worst month | −31.5% |
| Best 12 months | +85.3% |
| Worst 12 months | −5.0% |
| Positive months | 75% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
CPXR rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 10 | −5.0% | +40.4% | +85.3% | 90% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
CPXR performance overview
USCF Daily Target 2X Copper ETF (CPXR) returned +38.7% over the past year, with distributions reinvested. Since its first recorded price on Jan 21, 2025 it has returned +53.2%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −47.9%, from Jul 24, 2025 to Aug 5, 2025, and it took 9 months to get back to the old high. Volatility has been 45.1% a year.
Related: CPXR chart, CPXR dividends. See the CPXR overview for the latest quote and fund facts.
CPXR performance FAQ
What is the CPXR return over the past year?
CPXR returned +38.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 37.6%.
How much would $10,000 invested in CPXR be worth?
$10,000 invested in CPXR at its first recorded close on January 21, 2025 would be worth about $15,321 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of CPXR?
The largest peak-to-trough decline was −47.9% between July 24, 2025 and August 5, 2025. It recovered to the old high on May 12, 2026, 9 months after the bottom.
How volatile is CPXR?
Over the past history CPXR had an annualized volatility of 45.1% and a Sharpe ratio of 0.79 (excess return over 1–3 month T-bills per unit of risk).