4COP.DE vs. DEAM.DE
4COP.DE (Global X Copper Miners UCITS ETF USD Accumulating) and DEAM.DE (Invesco MDAX UCITS ETF A) are both exchange-traded funds - 4COP.DE is a Copper fund tracking the Solactive Global Copper Miners v2 Index, while DEAM.DE is a Europe Equities fund tracking the MDAX®. Both are passively managed. Over the past 3 years, 4COP.DE returned 24.85%/yr vs 3.87%/yr for DEAM.DE. A 0.51 correlation means they provide meaningful diversification when combined. 4COP.DE charges 0.55%/yr vs 0.19%/yr for DEAM.DE.
Performance
4COP.DE vs. DEAM.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with 4COP.DE having a 3.65% return and DEAM.DE slightly higher at 3.71%.
4COP.DE
- 1D
- -3.07%
- 1M
- -14.14%
- 6M
- -7.51%
- YTD
- 3.65%
- 1Y
- 73.88%
- 3Y*
- 24.85%
- 5Y*
- —
- 10Y*
- —
DEAM.DE
- 1D
- 0.06%
- 1M
- -1.89%
- 6M
- -0.55%
- YTD
- 3.71%
- 1Y
- 2.10%
- 3Y*
- 3.87%
- 5Y*
- -1.95%
- 10Y*
- —
4COP.DE vs. DEAM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
4COP.DE Global X Copper Miners UCITS ETF USD Accumulating | 3.65% | 73.65% | 9.36% | 4.93% | 6.75% | 1.24% |
DEAM.DE Invesco MDAX UCITS ETF A | 3.71% | 19.33% | -6.04% | 7.34% | -28.80% | 0.34% |
Correlation
The correlation between 4COP.DE and DEAM.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2021 | 0.51 |
The correlation between 4COP.DE and DEAM.DE has been stable across timeframes, ranging from 0.45 to 0.51 - a consistent structural relationship.
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Return for Risk
4COP.DE vs. DEAM.DE — Risk / Return Rank
4COP.DE
DEAM.DE
4COP.DE vs. DEAM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Copper Miners UCITS ETF USD Accumulating (4COP.DE) and Invesco MDAX UCITS ETF A (DEAM.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| 4COP.DE | DEAM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.64 | ||
| Sortino ratioReturn per unit of downside risk | +2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.04 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 0.15 | +2.67 |
| Martin ratioReturn relative to average drawdown | 7.53 | 0.43 | +7.10 |
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Drawdowns
4COP.DE vs. DEAM.DE - Drawdown Comparison
The maximum 4COP.DE drawdown since its inception was -39.13%, roughly equal to the maximum DEAM.DE drawdown of -40.04%. Use the drawdown chart below to compare losses from any high point for 4COP.DE and DEAM.DE.
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Drawdown Indicators
| 4COP.DE | DEAM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.13% | -40.04% | +0.91% |
Max Drawdown (1Y)Largest decline over 1 year | -26.21% | -14.95% | -11.26% |
Max Drawdown (3Y)Largest decline over 3 years | -39.13% | -18.48% | -20.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.04% | — |
Current DrawdownCurrent decline from peak | -21.29% | -13.92% | -7.37% |
Average DrawdownAverage peak-to-trough decline | -14.67% | -16.18% | +1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.85% | 5.36% | +4.49% |
Volatility
4COP.DE vs. DEAM.DE - Volatility Comparison
Global X Copper Miners UCITS ETF USD Accumulating (4COP.DE) has a higher volatility of 12.75% compared to Invesco MDAX UCITS ETF A (DEAM.DE) at 4.94%. This indicates that 4COP.DE's price experiences larger fluctuations and is considered to be riskier than DEAM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 4COP.DE | DEAM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.75% | 4.94% | +7.81% |
Volatility (6M)Calculated over the trailing 6-month period | 35.70% | 15.96% | +19.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.04% | 18.83% | +23.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.60% | 19.40% | +14.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.60% | 19.56% | +14.04% |
4COP.DE vs. DEAM.DE - Expense Ratio Comparison
4COP.DE has a 0.55% expense ratio, which is higher than DEAM.DE's 0.19% expense ratio.
Dividends
4COP.DE vs. DEAM.DE - Dividend Comparison
Neither 4COP.DE nor DEAM.DE has paid dividends to shareholders.
Frequently Asked Questions
4COP.DE and DEAM.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DEAM.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DEAM.DE is cheaper with a 0.19% expense ratio, compared with 0.55% for 4COP.DE.
4COP.DE is categorized as Copper, while DEAM.DE is Europe Equities. 4COP.DE tracks Solactive Global Copper Miners v2 Index, while DEAM.DE tracks MDAX®. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.55% for 4COP.DE and 0.19% for DEAM.DE.
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