What this ETF is trying to do

The USCF Daily Target 2X Copper Index ETF (CPXR) is a leveraged ETF. This means it uses financial tools to try and double the daily return of a copper index. It is designed for investors who want more exposure to the price movements of copper than a standard fund would provide.

What the numbers show

As of October 6, 2026, the share price is $31.89.

The fund has seen growth recently:

• Year-to-Date (YTD): The price return is 20.48%.

• One Year: The price return is 45.74%.

There is a difference between "price return" and "total return." Price return only looks at the change in the share price. Total return includes the share price change plus any cash distributions paid to investors. For the last year, the total return was 46.80%.

To put this in perspective, if you had invested $10,000 based on the estimated price from roughly one year ago ($21.88), the price-only growth would have increased that amount by 45.74%.

Income and distribution explanation

This ETF pays out cash distributions, but they are irregular and less frequent. In the last 12 months, it has made one payout. The distribution yield is 0.58%.

It is important for beginners to know that a distribution yield is not the same as a total return. A yield tells you how much cash the fund paid out relative to its price, but it does not guarantee that your original investment (the principal) is safe.

NAV erosion explanation

"NAV erosion" happens when the value of an ETF's underlying assets wears away over time, often seen in leveraged funds. StockValueFinder uses an erosion-risk score to measure this.

CPXR has an erosion score of 100, and the erosion severity is labeled as "good." The data shows "No price erosion detected," and the severe erosion-risk flag is false.

Top Holdings

As of October 7, 2026, the fund's holdings include:

• First American Government Obligs X: 75.02%

Pros

• Strong one-year price and total returns.

• No detected price erosion according to the erosion-risk score.

Cons

• Irregular and low distribution yield.

• Leveraged funds can be more volatile than standard funds.

Beginner takeaway

CPXR is a leveraged tool for those tracking copper. While it has shown strong price growth over the last year, it provides very little regular income. Always remember that high yields or high returns in one year do not guarantee future results.