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Global X Copper Miners UCITS ETF USD (Acc) (COPX.L) Sharpe Ratio: 1.76

ETF · Currency in USD · Last updated Jul 16, 2026

The Global X Copper Miners UCITS ETF provides diversified equity exposure to global companies involved in copper mining and related operations.

COPX.L's Sharpe Ratio of 1.76 indicates that for each unit of volatility, it generates 1.76 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 16, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

COPX.L Sharpe Ratio Rank

COPX.L Sharpe Ratio Rank: 67.167
Above Average

COPX.L ranks above 67.1% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

COPX.L Sharpe Ratio Market Positioning

The chart shows COPX.L's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.75 or lower
  • Yellow zone (middle 50%): 0.75 to 1.91
  • Green zone (top 25%): 1.91 or higher
  • Top 1%: 6.52+
  • Median: 1.42 — half of all investments score higher

How it compares to other similar ETFs

The table compares Global X Copper Miners UCITS ETF USD (Acc)'s Sharpe Ratio with other ETFs in the Copper, Commodity Producers Equities, Materials category across multiple time periods, showing how COPX.L's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 16, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
COPG.LGlobal X Copper Miners UCITS ETF USD Acc2.00
COPX.LGlobal X Copper Miners UCITS ETF USD (Acc)1.76
DMAD.LGlobal X Disruptive Materials UCITS ETF USD (Dist)1.55
GDIG.LVanEck S&P Global Mining UCITS ETF1.45
COPP.LSprott Pure Play Copper Miners UCITS ETF1.45
GDX.LVanEck Gold Miners UCITS ETF0.89
GDXJ.LVanEck Junior Gold Miners UCITS ETF0.83
IMSU.LiShares S&P 500 Materials Sector UCITS ETF USD (Acc)0.83
IUMS.LiShares S&P 500 Materials Sector UCITS ETF USD (Acc)0.81
COPA.LWisdomTree Copper0.37

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows COPX.L's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when COPX.L consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does COPX.L fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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