# CoreShares Copper ETC (CPER)

**Page:** https://fundology.uk/fund/cper · ISIN XS2702787875

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

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.

## Summary

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.

Latest close: **£21.95** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | CPER |
| ISIN | XS2702787875 |
| Also listed as | CULS (London Stock Exchange, US dollars) |
| Category | Gold & commodities |
| Type | ETC |
| Provider | CoreShares |
| Ongoing charge | 0.35% a year (£35 per £10,000) |
| Fund size | £1.4m |
| Launched | 2023 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 07/11/2023 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +17.83% | +13.66% | income reinvested |
| 3 years | +38.23% | +24.89% | income reinvested |

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

## Calendar-year 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%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2024 | +7.6% | +4.0% | Price |
| 2025 | +24.9% | +20.6% | Price |
| 2026 to 13/11/2026 | +5.8% | +2.4% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 16.82% | -10.14% |
| 3 years | 24.99% | -22.54% |

## Largest fall

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.

## Charges compared with similar funds

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).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.35%** per year (as of 13/11/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## 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.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.