Copper (HG-F)
Commodities · Industrial metal · data since 2000-08-30 · last close 2026-09-09
Copper (HG-F) monthly returns (%)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.7 | 1.8 | -6.9 | 6.1 | 7.3 | -2.6 | 3.9 | 2.5 | 4.0 | · | · | · |
| 2025 | 6.9 | 5.9 | 11.2 | -9.2 | 2.0 | 8.1 | -13.9 | 4.3 | 6.3 | 5.4 | 2.4 | 8.6 |
| 2024 | 0.6 | -1.7 | 4.4 | 14.0 | 1.0 | -4.8 | -5.3 | -0.4 | 8.5 | -4.1 | -5.4 | -2.3 |
| 2023 | 11.1 | -3.1 | 0.2 | -5.7 | -6.2 | 3.0 | 6.8 | -5.6 | -1.2 | -2.3 | 5.2 | 1.4 |
| 2022 | -3.1 | 2.9 | 6.7 | -7.3 | -2.3 | -13.5 | -3.5 | -1.8 | -2.2 | -0.8 | 9.3 | 2.0 |
| 2021 | 1.7 | 14.6 | -2.2 | 11.9 | 4.5 | -8.2 | 4.3 | -2.7 | -6.2 | 7.0 | -2.2 | 4.1 |
| 2020 | -9.8 | 1.0 | -12.0 | 5.1 | 3.1 | 11.8 | 5.4 | 6.4 | -0.4 | 0.5 | 12.4 | 2.7 |
| 2019 | 6.1 | 5.8 | -0.5 | -1.2 | -8.8 | 2.3 | -1.8 | -4.7 | 1.2 | 2.7 | 0.3 | 5.8 |
| 2018 | -2.9 | -2.4 | -2.9 | 1.1 | 0.2 | -3.5 | -4.5 | -6.0 | 5.2 | -4.4 | 4.3 | -5.4 |
| 2017 | 9.0 | -0.6 | -2.1 | -1.9 | -0.8 | 4.7 | 7.0 | 6.6 | -4.6 | 5.3 | -1.8 | 8.0 |
| 2016 | -2.9 | 3.1 | 2.5 | 4.5 | -8.0 | 4.6 | 1.2 | -6.8 | 6.4 | -0.1 | 19.1 | -4.7 |
| 2015 | -10.9 | 7.4 | 1.1 | 5.1 | -4.4 | -4.9 | -9.8 | -1.3 | 0.3 | -1.4 | -11.6 | 4.0 |
| 2014 | -6.4 | 0.6 | -5.9 | -0.6 | 3.5 | 1.7 | 1.1 | -2.7 | -4.1 | 1.9 | -6.6 | -0.8 |
| 2013 | 2.3 | -5.3 | -3.8 | -6.1 | 3.2 | -7.3 | 2.2 | 3.4 | 3.0 | -0.8 | -1.9 | 6.5 |
| 2012 | 10.4 | 2.2 | -1.2 | 0.3 | -12.3 | 3.8 | -2.0 | 1.0 | 9.2 | -6.5 | 2.9 | 0.3 |
| 2011 | 0.3 | 0.6 | -4.0 | -3.1 | 0.2 | 2.4 | 4.7 | -6.4 | -24.9 | 15.4 | -1.8 | -3.7 |
| 2010 | -8.5 | 7.3 | 8.5 | -5.9 | -7.2 | -5.2 | 12.6 | 1.6 | 8.5 | 2.4 | 2.4 | 16.1 |
| 2009 | 4.8 | 4.4 | 20.5 | 11.6 | 7.0 | 2.8 | 15.9 | 7.3 | 0.0 | 4.9 | 6.8 | 5.7 |
| 2008 | 8.6 | 17.1 | 0.3 | 1.8 | -7.8 | 7.4 | -4.6 | -7.7 | -15.8 | -36.1 | -12.0 | -14.1 |
| 2007 | -9.5 | 5.8 | 15.0 | 12.7 | -4.2 | 1.8 | 5.8 | -6.6 | 6.4 | -4.5 | -9.0 | -4.0 |
| 2006 | 3.4 | -2.2 | 13.8 | 34.1 | 11.4 | -6.8 | 4.3 | -3.9 | -0.3 | -3.6 | -4.9 | -10.0 |
| 2005 | -1.6 | 2.5 | 0.6 | -0.7 | 0.5 | 3.2 | 8.6 | 0.4 | 6.3 | 5.3 | 9.4 | 4.2 |
| 2004 | 9.6 | 17.5 | 1.1 | -11.0 | 5.7 | -5.7 | 8.6 | -2.1 | 9.3 | -3.8 | 7.1 | 3.0 |
| 2003 | 13.6 | -2.1 | -8.1 | 1.8 | 7.6 | -4.1 | 9.4 | -1.8 | 1.3 | 15.3 | -3.2 | 15.0 |
| 2002 | 11.9 | -2.3 | 6.5 | -3.7 | 4.0 | 0.8 | -11.7 | 1.4 | -3.9 | 8.2 | 5.0 | -7.0 |
| 2001 | 0.2 | -4.5 | -6.4 | 1.1 | -1.9 | -6.3 | -3.8 | 0.1 | -4.8 | -3.7 | 16.1 | -9.6 |
| 2000 | · | · | · | · | · | · | · | 0.0 | 3.5 | -7.5 | -0.7 | 0.7 |
| Avg | 1.9 | 2.9 | 1.4 | 2.1 | -0.1 | -0.6 | 1.6 | -0.9 | 0.4 | -0.2 | 1.6 | 1.0 |
Values in %. Current and first-listed months are partial (greyed).
returnsview.com
HG-F seasonality — average by calendar month
Copper has monthly history back to 2000. Its strongest month by median is July — positive in 16 of 26 years, median +3.1%. August is the soft spot, down in 16 of 27 with a median of -1.3%. Across its full record it has closed 56% of months higher, swings ±7.3% in an average month and has fallen 69.4% peak to trough.
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avg | +1.9% | +2.9% | +1.4% | +2.1% | -0.1% | -0.6% | +1.6% | -0.9% | +0.3% | -0.2% | +1.6% | +1.0% |
| Win rate | 65%/26 | 65%/26 | 54%/26 | 54%/26 | 58%/26 | 54%/26 | 62%/26 | 41%/27 | 58%/26 | 46%/26 | 54%/26 | 62%/26 |
Win rate = share of positive months / sample size.
HG-F risk & extremes
HG-F drawdown & rolling returns
Percent below the all-time high at each month-end — how far underwater the asset was.
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Frequently asked questions
What was Copper's best month?+
Copper's strongest completed month on record is April 2006, at +34.06%.
What was Copper's worst month?+
Its weakest completed month on record is October 2008, at -36.15%.
Is Copper up this year?+
Copper is up 21.75% year to date, measured from its last close before 1 January.
What is Copper's 1-year return?+
+52.29% over the past twelve months, comparing the latest close with the most recent close on or before the same date a year earlier.
What is Copper's biggest drawdown?+
The deepest peak-to-trough fall on record is 69.4%, measured on month-end closes since 2000.
Which calendar month is historically best for Copper?+
February has the highest average return across every completed February since 2000. An average is not a forecast.
About Copper
Copper is an industrial metal business. It measures its order book in years, not quarters — with price receipts on this site going back to 2000. And the long game: $100 at its first close here (2000) would be about $745 today.
Did you know?
- Its best month on record was April 2006 at +34.06%; its worst, October 2008 at -36.15%.
Trivia for entertainment — the numbers come from our price data; the jokes don't.