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CPXR vs QLD

USCF Daily Target 2X Copper Index ETF

CPXRDNYSE Arca

ProShares Ultra QQQ

QLDANYSE Arca

Overlap

Expense ratio

QLD −0.33pt a year

CPXR1.22%QLD0.89%

Avg volume · 30D

QLD 350.8×the volume

CPXR12.9KQLD4.54M

CPXR vs QLD Performance

Nov 7, 2025 – Nov 9, 2026

+40.6%CPXR+13.1%QLD

Nov 7, 2025 to Nov 9, 2026. CPXR +40.6%. QLD +13.1%. Use the arrow keys to read each point.−20%0%60%Nov 2025May 2026Nov 2026
Expense ratio
CPXR 1.22%
QLD 0.89%, better
Fund size
CPXR $11M
QLD $11.5B
1Y total return
CPXR +40.6%, better
QLD +13.1%
Yield (12M)
CPXR No data
QLD 0.16%
Holdings
CPXR 8
QLD 114
Avg volume (30D)
CPXR 12.9K sh
QLD 4.54M sh, better
NAV per share
CPXR $28.02
QLD $74.16
52W range

ETF.net Grade

CPXR: Cost 12, Risk 59, Mission not scored, Tradability 49, Holdings not scored, Durability 48. QLD: Cost 72, Risk 61, Mission 96, Tradability 100, Holdings 65, Durability 81.
Pillar letters and Scores for CPXR, QLD, with each pillar’s weight
PillarCPXRQLD
Cost30% weightF12A72Higher
Mission25% weightNot scoredA96
Risk15% weightB59B61Higher
Tradability15% weightC49A100Higher
Holdings10% weightNot scoredB65
Durability5% weightC48A81Higher

Rank among Leveraged Long (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. CPXR and QLD are both graded against the same 95 Leveraged Long (2x & Other) funds, so their Grades compare head to head.

Leveraged Long (2x & Other)⁠

Category · 95 funds
See all 95 ›

QLD ranks 1st and CPXR 79th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 76
  2. Rank 2AUYGProShares Ultra FinancialsScore 74
  3. Rank 76DTTXUDirexion Daily Technology Top 5 Bull 2X ETFScore 35
  4. Rank 79DCPXRUSCF Daily Target 2X Copper Index ETFScore 34
  5. Rank 79DMSOXAdvisorShares MSOS Daily Leveraged ETFScore 34

Our read on each fund

ETF.net Research

CPXRDUSCF Daily Target 2X Copper Index ETF

QLDAProShares Ultra QQQ

In short

CPXR Most 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.

QLD The 2x dial on the Nasdaq-100. QLD aims for twice the index's daily move, half the dose of the 3x crowd, and it has been running that playbook since 2006. The multiple resets every session.

Stated mandate

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

QLD The fund seeks daily investment results, before fees and expenses, equal to twice the daily performance of the Nasdaq-100 Index.

Why people hold it

  • CPXR 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.
  • QLD Costs 0.89% net of a waiver through September 30, 2027 (0.96% gross), below the leveraged-bull category median and under Ultra stablemates ROM (0.93%) and DDM (0.95%).
  • Hits its stated daily 2x mark with very little drift, one of the tighter implementations among the roughly 100 leveraged bull funds in its group.
  • A multi-billion-dollar, actively traded fund, so entering and exiting rarely means hunting for the other side of the trade.
  • Trading since June 2006, which makes it one of the longest-running leveraged equity funds on the US shelf rather than a recent product-shelf experiment.

Worth knowing

  • CPXR 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.
  • QLD The 2x objective covers one day only. Hold longer and daily resets plus compounding can push results away from twice the index's move over that stretch, in either direction.proshares.com
  • Magnification runs both ways: a down day in the Nasdaq-100 lands on shareholders at roughly double size, same as an up day.
  • Cheap for geared exposure, still well above a plain unleveraged Nasdaq-100 tracker. The waiver is set to lapse September 30, 2027, after which the 0.96% gross rate applies unless renewed.

Full CPXR profile⁠

Full QLD profile⁠

CPXR vs QLD Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CPXR vs QLD Cost

Overpaying CPXR vs QLD

$5,286

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

  • CPXR 1.22%

    $22,158

  • QLD 0.89%

    $16,872

$10,000
30 years

Cost over time

  • CPXR 1.22%
  • QLD 0.89%
  • 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 $22,158QLD $16,872

Year by year

YearCPXRQLDOverpaying
10$2,131$1,576$555
20$7,931$5,953$1,978
30$22,158$16,872$5,286

Expense ratio

  • 1.22%CPXR
  • 0.89%QLD, cheaper
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

QLD 28th cheapest of 95 funds

CPXR 87th cheapest of 95 funds

CPXR vs QLD Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
CPXR No data
QLD 0.16%
Payout (12M)
CPXR No data
QLD $0.12
Last payment
CPXR $0.19
QLD $0.03
Ex-dividend
CPXR Dec 23, 2025
QLD Sep 23, 2026
Paid on
CPXR Dec 24, 2025
QLD Sep 29, 2026
Frequency
CPXR Irregular
QLD Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

CPXRIrregular · 1 paymentAll CPXR payments⁠
One bar per payment. 1 payment from 2017 to 2026 YTD. Dec 23, 2025 $0.19. Use the arrow keys to read each point.$0$0.202017202020232026YTD
QLDQuarterly · 21 paymentsAll QLD payments⁠
One bar per payment. 21 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.0012; Jun 21, 2017 $0.00044; Dec 26, 2018 $0.005; Mar 20, 2019 $0.0078; Jun 25, 2019 $0.0052; Dec 24, 2019 $0.0062; Mar 25, 2020 $0.0011; Dec 22, 2022 $0.05; Sep 20, 2023 $0.09; Dec 20, 2023 $0.04; Mar 20, 2024 $0.03; Jun 26, 2024 $0.05; Sep 25, 2024 $0.03; Dec 23, 2024 $0.03; Mar 26, 2025 $0.01; Jun 25, 2025 $0.06; Sep 24, 2025 $0.02; Dec 24, 2025 $0.02; Mar 25, 2026 $0.01; Jun 24, 2026 $0.06; Sep 23, 2026 $0.03. Use the arrow keys to read each point.$0$0.202017202020232026YTD

CPXR vs QLD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CPXR 44.5%since Feb 2025QLD 36.7%
Return per unit of riskSharpe ratio, 3 years
CPXR 0.73since Feb 2025QLD 1.04
Worst fallMax drawdown, 5 years
CPXR −47.9%since Jan 2025QLD −63.7%
Market sensitivityBeta, 5 years
CPXR 0.69QLD 2.48

CPXR and QLD in the news

All news⁠

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