Fundology

ETC · CoreShares

CPER CoreShares Copper ETC

ISIN XS2702787875London Stock Exchange: CPERLeverage Shares LLC

Latest close

LSE

£21.95

on

Ongoing charge
0.35% a year
Fund size
£1.4m

As of , at least 15 min delayed

At a glance

As of 13/11/2026, CPER (CoreShares Copper ETC, ISIN XS2702787875) closed at £21.95 on the London Stock Exchange. Its ongoing charge is 0.35% a year (about £35 on £10,000). Over the three years to 13/11/2026 its total return was +38.2%, or +24.9% after UK CPIH inflation.

Past returns

Total return: the change in the fund’s value with any income reinvested, after its ongoing charges. Periods to .
1 year to 13/11/2026
+17.8%
+13.7% after inflation
3 years to 13/11/2026
+38.2%
+24.9% after inflation

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH

Calendar-year and 12-month returns

Calendar-year returns of CoreShares Copper ETC in pounds (price only; the fund pays no income): 2024 +7.6%, 2025 +24.9%; 2026 to 13/11/2026 +5.8%. Returns of CoreShares Copper ETC in pounds (price only; the fund pays no income) over the 12 months to 30/09/2026: +26.3%; to 30/09/2025: +7.7%.

Calendar-year returns of CPER, in pounds (price only; the fund pays no income), to 13/11/2026
YearReturnAfter inflationReturn shown as a bar
to +5.8%+2.4%
to +24.9%+20.6%
to +7.6%+4.0%
Returns of CPER over 12-month periods to 30/09/2026, in pounds (price only; the fund pays no income)
12 months toReturnAfter inflation
from +26.3%+21.8%
from +7.7%+3.5%

As of , inflation: UK CPIH

How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing

Risk: volatility and largest fall

How far the price has swung and fallen. The same record as the returns, in pounds.

Volatility (annualised)

25.0%over 3 years

Volatility, annualised from weekly returns, by period
1 year16.8%
3 years25.0%

Annualised from weekly returns. Higher means bumpier.

Largest fall since November 2023
−22.5%
From to
Lowest 12-month return
−13.2%
12 months to
Highest 12-month return
+41.2%
12 months to
Below its highest weekly close since November 2023
8.7%
High of , latest

In words: Volatility of CoreShares Copper ETC in pounds, annualised from weekly returns to 13/11/2026: 16.8% over 1 year, 25.0% over 3 years. Largest fall in the price of CoreShares Copper ETC since November 2023, in pounds: −22.5% from 25/07/2025 to 22/08/2025. The lowest 12-month return of CoreShares Copper ETC in pounds (price only; the fund pays no income) since November 2023 was −13.2% (12 months to 16/05/2025); the highest was +41.2% (12 months to 07/08/2026). On 13/11/2026 the price of CoreShares Copper ETC was 8.7% below its highest weekly close since November 2023 (09/10/2026), in pounds.

As of , price only; the fund pays no income

How we work it out:Risk figuresFallsVolatilityLargest fall

Charges compared with similar funds

The ongoing charge is taken from the fund’s value every day, so the returns on this page are already after it. Platform and dealing fees are charged separately.
Ongoing charge
0.35%
a year
On £10,000
£35
a year, roughly
Over five years
£174
of £10,000, before growth
Among 150 gold and commodity funds, share classes counted once
  • 55 charge less
  • 10 the same
  • 84 charge more

Ongoing charge of CoreShares Copper ETC 0.35% a year. Compared on 14/11/2026, 84 of the 149 other gold and commodity funds charge more, 10 the same and 55 less (share classes counted once).

As of

A lower charge is not a promise of a higher return: what the fund holds matters more.

As of

Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up

In plain English

CoreShares Copper ETC is an exchange-traded commodity (ETC) from CoreShares, launched in 2023.

It tracks the No Underlying Index.

You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.

Its ongoing charge is 0.35% a year — about £35 a year on every £10,000 invested, taken from the fund's value rather than billed to you.

Gold & commodities: Gold, silver, oil and other raw materials. They pay no dividends or interest — returns come only from price changes.

Terms:Share classISIN

Key facts

Ticker
CPER
ISIN
XS2702787875
Also listed as
CULS (London Stock Exchange, US dollars)
Provider
CoreShares
Tracks
No index — the manager chooses the holdings
Structure
ETC
An exchange-traded commodity: a security backed by a commodity such as gold, traded like a share.
Ongoing charge
0.35% a year · about £35 on £10,000
Fund size
£1.4m
Launched
Domicile
Ireland
UK reporting fund status
Yes — on HMRC’s list of reporting funds (list of )
Reporting fund since . What reporting fund status means
Can usually be held in
ISA and SIPP
Check with your platform: each decides which funds it offers.
Currency hedged
No
Price currency
Pounds (GBP)

Price chart

Closing price
£21.95+14.5% over 1 year · closing price
CPER closing price: £19.17 on 14/11/2025, £21.95 on 13/11/2026 (+14.5%); low £18.95, high £24.03.

Over the last year, the closing price went from £19.17 on 14/11/2025 to £21.95 on 13/11/2026 (+14.5%). The lowest close shown was £18.95 on 21/11/2025 and the highest £24.03 on 09/10/2026.

One close a week. Before 21/08/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Price as traded.

As of , at least 15 min delayed

Five years of prices, and after inflation

154 weekly closes, from 10/11/2023 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.

Create a free account to see the 5-year price chart and the after-inflation chart

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How we work it out:Prices and returnsNAV and price

Risk and return in depth

Ratios that weigh return against its ups and downs, every rolling period rather than a few fixed ones, and each large fall with how long it took to recover.
  • Sharpe, Sortino and Calmar ratios

    Sharpe, Sortino and Calmar ratios over 1 and 3 years, from weekly returns in pounds.

    With a free account
  • Rolling returns

    The full range of 102 rolling 12-month returns since November 2023, in pounds, with how often they were above zero.

    With a free account
  • Largest falls and recoveries

    The 3 largest falls since November 2023, in pounds, with how many weeks each took to reach its low and to recover.

    With a free account

Create a free account to see the risk ratios, every rolling return and each large fall and its recovery

Sign-up takes an email address. There is no card to enter and nothing to pay.

Questions people ask

What is the ongoing charge of CPER?

The ongoing charge of CPER is 0.35% a year — about £35 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of CoreShares Copper ETC 0.35% a year. Compared on 14/11/2026, 84 of the 149 other gold and commodity funds charge more, 10 the same and 55 less (share classes counted once).

What is the ISIN of CPER?

The ISIN of CPER is XS2702787875. An ISIN identifies one exact share class of a fund; CPER is its ticker on the London Stock Exchange. The same share class is also listed as CULS (London Stock Exchange, US dollars).

What were CPER’s returns in each of the last five years?

Calendar-year returns of CPER in pounds (price only; the fund pays no income): 2024 +7.6%, 2025 +24.9%; 2026 to 13/11/2026 +5.8%. Past performance is not a guide to future returns.

How has CPER done after inflation?

Over the three years to 13/11/2026 CPER’s total return was +38.2%, or +24.9% after UK CPIH inflation. Past performance is not a guide to future returns.

Similar funds

More gold and commodity funds, largest first. Size is a fact, not a verdict.

Fund documents and methods

Methodology:ReturnsCategoriesAll methods

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