CPER ETF — United States Copper Index Fund

United States Copper Index Fund (CPER)

CPER is an ETF that tracks the SummerHaven Copper Index Total Return. As of August 28, 2026, its expense ratio is 0.88%. Fund total return is 57.5% over the past 14.8 years, 632.9 points behind SPY at 690.4%.

United States Copper Index Fund is an ETF that tracks the daily price performance of copper through a portfolio of copper futures contracts traded on the COMEX exchange. The fund does not distribute income to shareholders, and carries an expense ratio of 0.88%. It appeals to investors seeking direct copper price exposure as part of a diversified portfolio or commodity allocation strategy.

CPER performance versus SPY

Data as of August 28, 2026.

Fund total return is 57.5% over the past 14.8 years, 632.9 points behind SPY at 690.4%. Its deepest 1-year drawdown was 16.4%.

CPER key facts

Data as of August 28, 2026.

Issuer

USCF Investments

Asset type

ETF

Asset class

Commodity

Inception date

11/14/2011

Expense ratio

0.88%

Distribution frequency

None

Last close

$39.67

AUM

$755,741,436

Average volume

476171.0

Beta

0.48

P/E ratio

4.596

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 28, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 28, 2026.

Primary sources: USCF Investments fund page; Index: SummerHaven Copper Index Total Return; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

CPER risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 16.4%.

Who may consider CPER — and who may not

It is a weaker fit for investors who need monthly cash flow (CPER does not currently distribute); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from USCF Investments.