- ISIN
- IE0003Z9E2Y3
- Issuer
- Global X
- Inception Date
- Nov 22, 2021
- Region
- Global ()
- Category
- Copper, Commodity Producers Equities, Materials
- Leveraged
- 1x (No leverage)
- Index Tracked
- Solactive Global Copper Miners v2 Index
- Domicile
- Ireland
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
COPX.L Performance Chart
Global X Copper Miners UCITS ETF USD (Acc) (COPX.L) is up 6.6% since the beginning of the year. COPX.L is currently trading at $60 per share.
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Returns By Period
Global X Copper Miners UCITS ETF USD (Acc) (COPX.L) has returned 6.60% so far this year and 77.96% over the past 12 months.
Global X Copper Miners UCITS ETF USD (Acc)
- 1D
- -0.91%
- 1M
- -14.88%
- 6M
- -6.16%
- YTD
- 6.60%
- 1Y
- 77.96%
- 3Y*
- 27.60%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
COPX.L Monthly Returns History
Based on dividend-adjusted daily data since Nov 22, 2021, COPX.L's average daily return is +0.10%, while the average monthly return is +2.01%. At this rate, an investment would double in approximately 2.9 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2022 with a return of +23.0%, while the worst month was Mar 2026 at -23.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, COPX.L closed higher 51% of trading days. The best single day was Apr 8, 2026 with a return of +9.5%, while the worst single day was Aug 5, 2024 at -10.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 19.44% | 11.28% | -23.13% | 7.18% | 11.82% | -12.68% | -0.28% | 6.60% | |||||
| 2025 | 2.46% | -2.03% | 1.41% | -2.31% | 7.80% | 10.27% | -4.36% | 15.77% | 19.23% | 3.73% | 4.71% | 15.10% | 95.08% |
| 2024 | -3.22% | -2.30% | 17.35% | 9.50% | 3.38% | -3.49% | -5.69% | -1.02% | 11.41% | -8.78% | -2.58% | -8.84% | 2.12% |
| 2023 | 14.91% | -7.81% | 2.41% | 1.56% | -12.77% | 10.16% | 11.91% | -9.73% | -2.96% | -9.99% | 4.09% | 12.13% | 9.04% |
| 2022 | 0.60% | 14.29% | 9.42% | -11.69% | -4.34% | -20.21% | -1.26% | -0.12% | -4.35% | 0.12% | 22.96% | 2.11% | 0.56% |
| 2021 | 0.02% | 2.00% | 2.02% |
Benchmark Metrics
Global X Copper Miners UCITS ETF USD (Acc) has an annualized alpha of 15.08%, beta of 0.70, and R2 of 0.10 versus S&P 500 Index. Calculated based on daily prices since November 22, 2021.
- This ETF captured 130.81% of S&P 500 Index gains and 108.50% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.10 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 15.08%
- Beta
- 0.70
- R²
- 0.10
- Upside Capture
- 130.81%
- Downside Capture
- 108.50%
Expense Ratio
COPX.L has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Risk / Return Rank
COPX.L ranks 61 for risk / return — better than 61% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Global X Copper Miners UCITS ETF USD (Acc) (COPX.L) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| COPX.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.31 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 2.35 | +0.44 |
| Martin ratioReturn relative to average drawdown | 7.24 | 10.19 | -2.95 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Global X Copper Miners UCITS ETF USD (Acc). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Global X Copper Miners UCITS ETF USD (Acc) was 42.34%, occurring on Jul 14, 2022. Recovery took 434 trading sessions.
The current Global X Copper Miners UCITS ETF USD (Acc) drawdown is 20.44%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-42.34%Jul 2022 | 3mo 10d | 1y 8mo | 2yApr 2022 - Apr 2024 | Bear market2022 |
-37.96%Apr 2025 | 10mo 23d | 4mo 27d | 1y 3moMay 2024 - Sep 2025 | 2025 selloff2025 |
-27.82%Mar 2026 | 22d | — | 4mo 20dFeb 2026 - now | — |
-11.83%Feb 2026 | 6d | 20d | 26dJan 2026 - Feb 2026 | — |
-10.36%Jan 2022 | 7d | 13d | 20dJan 2022 - Feb 2022 | Bear market2022 |
Drawdown Indicators
| COPX.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.34% | -56.78% | +14.44% |
Max Drawdown (1Y)Largest decline over 1 year | -27.82% | -9.10% | -18.72% |
Max Drawdown (3Y)Largest decline over 3 years | -37.96% | -18.90% | -19.06% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -20.44% | -0.49% | -19.95% |
Average DrawdownAverage peak-to-trough decline | -15.44% | -10.70% | -4.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.72% | 2.09% | +8.63% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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