CPXR vs UYG

CPXRDUSCF Daily Target 2X Copper Index ETF

UYGAProShares Ultra Financials

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.

UYG Listed in January 2007, a year before the banking crash, UYG targets 2x the daily move of the financial stocks in the S&P 500. A veteran of the leveraged shelf, priced at 0.93% with no fee waiver propping that number up.

Stated mandate

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

UYG UYG seeks pre-expense daily results equal to 2x the daily performance of the S&P Financial Select Sector Index. It is designed to provide magnified financials-sector exposure on a daily basis.

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.

• UYG One of the originals: on the tape since January 30, 2007, still running the same mandate of 2x the daily performance of the S&P Financial Select Sector Index.proshares.com
• At 0.93% with no waiver doing the work, it sits near the median fee of its leveraged peer group and level with sibling ROM (0.93%). QLD is 0.89%, but net of a waiver through September 30, 2027.
• The whole sector in one ticker: banks, insurers and capital-markets firms from the S&P 500, roughly 80 names, geared daily.proshares.com
• Stands in the top tier of the leveraged bull funds we grade, a group of close to a hundred tickers.

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.

• UYG The 2x target is a one-day target and resets each day. Over longer holds the result comes from compounding daily moves, and in choppy markets that can land well off twice the index's return for the period.proshares.com
• One sector, doubled. Financials move with rates, credit conditions and deal flow, and UYG amplifies that daily swing in both directions.
• It changes hands less than the headline leveraged funds, so the spread is worth a look before you place an order.

Full CPXR profile⁠

Full UYG profile⁠