United States Copper Index Fund (CPER) — Stock Correlations & Overview
Over the past year, CPER has moved most closely with CPXR, DBB, COPX. Explore the stocks most correlated and inversely correlated with CPER below, along with its price, financials, and company profile.
Stocks correlated with CPER
Correlation of daily returns. Higher positive values move with CPER; negative values move opposite it. Informational only, not investment advice.
Most correlated with CPER
| Symbol | Company | Correlation |
|---|---|---|
| CPXR | USCF Daily Target 2X Copper Index ETF | 1.00 |
| DBB | Invesco DB Base Metals FundCOMMODITY CONTRACTS BROKERS & DEALERS | 0.88 |
| COPX | Global X Copper Miners ETF (NEW) | 0.81 |
| COPP | Sprott Copper Miners ETF | 0.81 |
| ICOP | iShares Copper and Metals Mining ETF | 0.80 |
Most inversely correlated with CPER
| Symbol | Company | Correlation |
|---|---|---|
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.66 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.62 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.61 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.61 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.61 |
Frequently asked questions about CPER correlations
- Which stocks are most correlated with CPER?
- Based on one year of daily returns, the stocks most correlated with United States Copper Index Fund (CPER) are CPXR (1.00), DBB (0.88) and COPX (0.81). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with CPER?
- Over the past year, the stocks most inversely correlated with United States Copper Index Fund (CPER) are ZSL (-0.66), EFZ (-0.62) and EUM (-0.61). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these CPER correlations calculated?
- We compute the correlation of daily returns between CPER and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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