Copper vs the S&P 500 (CPER): is it outperforming?
As of 12 October 2026, Copper (CPER) is beating the S&P 500, over the past month and over the longer run. CPER beats the S&P 500 by 1.6 points over one month and ranks #15 of 115 groups Zensei tracks.
Where copper stands now
As of 12 October 2026, Copper (CPER) ranks #15 of the 115 groups Zensei tracks by one-month return against the S&P 500. It sits in the Outperformers quadrant of the rotation map: it has clearly beaten the S&P 500 by 1.6 points over the past month, on top of a 1.3-point advantage over the longer, time-shifted window.
On the shorter tape, CPER's momentum is weakening: the intraday trend that carried the move is cooling across the shorter windows. CPER's relative-strength line — its price ratio against the S&P 500 — is trading above its moving averages, the healthiest configuration we track. The longer trend remains healthier than the recent tape suggests — the kind of divergence worth rechecking in a week.
The thing to watch from here is durability: outperformers that hold their one-month spread while the longer window keeps building tend to stay out front; a fading spread is the early exit signal.
CPER vs SPY: head-to-head returns
Over the week to 12 October 2026, CPER rose 1.9% while the S&P 500 rose 0.4%. CPER and SPY (the S&P 500) over every window Zensei tracks. The spread is the difference: positive means CPER won that window.
Prices as of · computed from daily adjusted closes · how we measure
Copper on the rotation map, against the 11 broad S&P 500 sectors. Vertical: 1-month spread vs the S&P 500. Horizontal: the longer, time-shifted window.
Copper vs the market — common questions
Is copper outperforming the S&P 500?
Yes. As of 12 October 2026, CPER has beaten the S&P 500 by 1.6 points over the past month.
Is it a good time to invest in copper?
Zensei does not give investment advice, but it measures the trend. As of 12 October 2026, copper is ahead of the S&P 500 on both the recent and the longer window. The rotation map and the read on this page show whether that trend is building or fading.
What is CPER?
CPER is United States Copper Index Fund. Zensei uses it to measure copper against the S&P 500 (SPY).
What quadrant is copper in right now?
As of 12 October 2026, copper is in the Outperformers quadrant — outperforming the S&P 500 on both the recent and the longer, time-shifted window. The Zensei methodology page explains the quadrants.
Recent changes
- ·Losing ground → beating the market
- ·First tracked: losing ground
Related sectors
Track copper against the whole market
Zensei Edge maps 100+ sectors and themes against the S&P 500 — with the stocks inside each one, rotation history and alerts when leadership changes hands.