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Launched

USCF Daily Target 2X Copper Index ETF

CPXRNYSE ArcaUSCFDThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$28.09−1.19 (−4.06%)

As of Nov 10, 2026, 11:25 AM ET

D34/ 100

Rank 79 of 99 in Leveraged Long (2x & Other)

D34/100Rank 79 of 99inLeveraged Long (2x & Other)
Intraday session: down, 23 prints from 29.28 to 28.09. Range 28.09 to 28.45. Use the arrow keys to read each point.28.2528.5028.7529.0010 AM12 PM2 PM4 PM
Expense ratio
1.22%
Fund size
$11M
1Y total return
+40.6%
Yield · Last 12 months
No data
Holdings
8
Avg volume · 30D
12.9K sh
52W range
low $20.96high $34.91
Launched

The ETF.net CPXR Grade

Based on 4 of 6 pillars

D

Score 34 out of 100

Category
Leveraged Long (2x & Other)⁠
Rank
79 of 99
Six-pillar profile for CPXR. Scores out of 100: Cost 12, Risk 59, Mission not scored, Tradability 49, Holdings not scored, Durability 48. Strongest: Risk (59). Weakest: Cost (12). Based on 4 of 6 pillars.

Score 34 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F12 out of 100
    Rank 87 of 99

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B59 out of 100
    Rank 36 of 98

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C49 out of 100
    Rank 55 of 99

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C48 out of 100
    Rank 53 of 99

Our read on CPXR

ETF.net Research

In short

DMost leveraged ETFs double down on stock indexes. CPXR points the same machinery at copper, aiming for twice the daily move of a copper futures index, at 1.22% with no fee waiver in place.

Stated mandate

The fund is presented as a daily leveraged vehicle seeking twice the daily movement of a copper index.

Why people hold it

  • The leveraged shelf is wall-to-wall stock indexes, then there's copper: CPXR aims for twice the daily move of the SummerHaven Copper Index.sec.gov
  • Its index measures a portfolio of copper futures traded on COMEX, so the metal's price action arrives in a brokerage ticker instead of a futures account.alpsinc.com
  • One sticker price, no asterisk: gross and net expenses are both 1.22%, with no waiver propping the figure up and no scheduled step-up when one lapses.

Worth knowing

  • That 1.22% sits above the typical leveraged-bull fee. ProShares' QLD charges 0.89% net of a waiver through September 30, 2027, and UYG charges 0.93%.
  • The 2x target resets every day. Hold past that and compounding takes over, so multi-day results can land far from twice the index's move, especially in choppy copper tape.
  • Small and lightly traded since its 2025 launch, so spreads can run wider than the big leveraged stock-index names.

CPXR Holdings

Asset class
Other
Holdings
8
Top-10 weight
100%
Largest holding
First American Government Obligations Fund 12/01/203128.7%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataFirst American Government Obligations Fund 12/01/203128.65%9,870,937$9.87M466
2No dataCOPPER FUTURE May2721.83%47$7.52M1
3No dataCOPPER FUTURE Dec2621.73%48$7.49M6
4No dataCOPPER FUTURE Mar2721.62%47$7.45M1
5No dataCash & Other4.70%1,618,026$1.62M688
6No dataMICRO COPPER Mar270.60%13$206K1
7No dataMICRO COPPER Dec260.45%10$156K1
8No dataMICRO COPPER May270.42%9$144K1

Showing 1–8 of 8 holdings

CPXR Performance

Launched Jan 21, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
CPXR$14,058
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. CPXR $14,058. SPY $11,339. Use the arrow keys to read each point.$10,000$12,500$15,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for CPXR. Periods over one year show the average yearly return.
PeriodCPXR
Year to date+10.6%
1 month−9.7%
3 months−9.3%
1 year+40.6%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CPXR
YearReturn barCPXR
2026 YTD+10.6%
2025+33.3%

Since listing, Jan 21, 2025

CPXR in the news

CPXR Dividends

Last payment
$0.19 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 23, 2025 $0.19. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 23, 2025Dec 24, 2025$0.19

$10,000 in CPXR 1 year ago paid $84.78 in dividends.

CPXR Risk

Risk pillarB59 out of 100Rank 36 of 98 in Leveraged Long (2x & Other)

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
44.5%
Annualised · 21 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.73
vs 3-month T-bills · 21 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−47.9%
21 months · trough Aug 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.69
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

CPXR Cost

Compare CPXR and WX

Overpaying vs WX, cheapest in Leveraged Long (2x & Other)

$18,003

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CPXR 1.22%

    $22,158

  • WX 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • CPXR 1.22%
  • WX 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530CPXR $22,158WX $4,155

Year by year

YearCPXRWXOverpaying
10$2,131$365$1,766
20$7,931$1,421$6,510
30$22,158$4,155$18,003

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