Skip to content
etf.net

Launched

USCF Daily Target 2X Copper Index ETF

CPXRNYSE ArcaCThis 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.

$32.61−0.34 (−1.03%)

At close: Oct 13, 2026, 4:00 PM

C40/ 100

Rank 40 of 99 in Leveraged Long (2x & Other)

C40/100Rank 40 of 99inLeveraged Long (2x & Other)
Intraday session: down, 68 prints from 32.95 to 32.61. Range 32.49 to 32.91. Use the arrow keys to read each point.32.5032.7032.8010 AM12 PM2 PM4 PM
Expense ratio
1.20%
Fund size
$14M
1Y total return
+60.9%
Yield · Last 12 months
Data unavailable
Holdings
8
Avg volume · 30D
0M sh
NAV per share
$32.32
52W range
low $20.75high $34.91
Launched

The ETF.net CPXR Grade

Based on 4 of 6 pillars

C

Score 40 out of 100

Category
Leveraged Long (2x & Other)⁠
Rank
40 of 99
Six-pillar profile for CPXR. Scores out of 100: Cost 30, Risk 55, Mission not scored, Tradability 46, Holdings not scored, Durability 50. Strongest: Risk (55). Weakest: Cost (30). Based on 4 of 6 pillars.

Score 40 of 100 falls in the C 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.
    D30 out of 100
    Rank 70 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.
    B55 out of 100
    Rank 45 of 96

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C46 out of 100
    Rank 59 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.
    C50 out of 100
    Rank 53 of 99

Our read on CPXR

ETF.net Research

CCopper, geared. CPXR targets twice the daily move of the SummerHaven Copper Index through copper futures, so it tracks the metal itself rather than the miners. The daily reset makes it a short-hold instrument by design.

Stated mandate

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

Why people hold it

  1. 01Rare thing in the copper aisle: leverage on the metal. It aims for 2x the daily move of the SummerHaven Copper Index, the same futures benchmark behind the plain-vanilla copper ETF.sec.gov
  2. 02Built from cash-settled copper futures plus collateral, so the exposure is the copper price itself. No mine strikes, permit fights, or company earnings in the mix.money.usnews.com
  3. 03Trades like a stock: geared copper exposure from a brokerage account, with no futures account or margin maintenance.money.usnews.com

Worth knowing

  1. 01Charges 1.20% a year, above what the big equity-based geared funds run (QLD at 0.98%, FAS at 0.92%). Leverage on a niche commodity carries a niche price tag.
  2. 02Leverage resets daily. Hold longer than a day and compounding takes over: results can diverge from 2x the index move over that stretch, and choppy markets widen the gap.
  3. 03Small and thinly traded since its 2025 launch, so spreads can run wider than the household names of the leveraged aisle, and the track record is short.

CPXR Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
8
Top-10 weight
100%
Largest holding
First American Government Obligations Fund 12/01/203128.6%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—First American Government Obligations Fund 12/01/203128.63%11,544,827$12M529
002—COPPER FUTURE May2721.46%50$9M1
003—COPPER FUTURE Mar2721.24%50$9M1
004—COPPER FUTURE Dec2620.91%50$8M5
005—Cash & Other4.76%1,918,954$2M672
006—MICRO COPPER Dec261.34%32$540K1
007—MICRO COPPER Mar271.02%24$411K1
008—MICRO COPPER May270.64%15$260K1

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$16,091
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. CPXR $16,091. SPY $12,044. Use the arrow keys to read each point.$9,200$13,298$17,396Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+24.5%
1 month+6.5%
3 months+12.1%
1 year+60.9%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, 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+24.5%
2025+33.3%

Since listing, Jan 21, 2025

CPXR in the news

Filtered to CPXR · Leveraged Long (2x & Other)

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

CPXR Risk

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.
45.3%
Annualised · 20 months to Sep 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.
0.82
vs 3-month T-bills · 20 months to Sep 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%
20 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.
0.64
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.

CPXR Cost

Expense ratio1.20%
  • The middle half of Leveraged Long (2x & Other) funds
  • Median 1.00%

69 of the 95 Leveraged Long (2x & Other) funds charge less.

CPXR costs $120.00 a year on $10,000. The median Leveraged Long (2x & Other) fund costs $100.00.

Other funds in Leveraged Long (2x & Other)

See others