4COP.DE vs. IUSE.L
4COP.DE (Global X Copper Miners UCITS ETF USD Accumulating) and IUSE.L (iShares S&P 500 EUR Hedged UCITS ETF Acc) are both exchange-traded funds - 4COP.DE is a Commodity Producers Equities fund tracking the Solactive Global Copper Miners v2 Index, while IUSE.L is a S&P 500 fund tracking the S&P 500 EUR Hedged Index. Both are passively managed. Over the past 3 years, 4COP.DE returned 34.58%/yr vs 19.47%/yr for IUSE.L. At a 0.48 correlation, their price movements are largely independent. 4COP.DE charges 0.55%/yr vs 0.20%/yr for IUSE.L.
Performance
4COP.DE vs. IUSE.L - Performance Comparison
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Returns By Period
In the year-to-date period, 4COP.DE achieves a 24.89% return, which is significantly higher than IUSE.L's 9.10% return.
4COP.DE
- 1D
- -0.93%
- 1M
- 15.31%
- YTD
- 24.89%
- 6M
- 36.74%
- 1Y
- 112.94%
- 3Y*
- 34.58%
- 5Y*
- —
- 10Y*
- —
IUSE.L
- 1D
- 0.01%
- 1M
- 4.39%
- YTD
- 9.10%
- 6M
- 9.70%
- 1Y
- 24.63%
- 3Y*
- 19.47%
- 5Y*
- 11.10%
- 10Y*
- 12.48%
4COP.DE vs. IUSE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
4COP.DE Global X Copper Miners UCITS ETF USD Accumulating | 24.89% | 73.62% | 9.38% | 4.93% | 6.78% | 1.33% |
IUSE.L iShares S&P 500 EUR Hedged UCITS ETF Acc | 9.10% | 14.95% | 23.20% | 23.05% | -21.17% | 1.55% |
Correlation
The correlation between 4COP.DE and IUSE.L is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2021 | 0.48 |
The correlation between 4COP.DE and IUSE.L has been stable across timeframes, ranging from 0.47 to 0.50 - a consistent structural relationship.
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Return for Risk
4COP.DE vs. IUSE.L — Risk / Return Rank
4COP.DE
IUSE.L
4COP.DE vs. IUSE.L - 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 iShares S&P 500 EUR Hedged UCITS ETF Acc (IUSE.L). 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.
| 4COP.DE | IUSE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.38 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.28 | 2.83 | +1.46 |
| Martin ratioReturn relative to average drawdown | 13.68 | 12.09 | +1.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 4COP.DE | IUSE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.91 | 2.12 | +0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.79 | -0.05 |
Drawdowns
4COP.DE vs. IUSE.L - Drawdown Comparison
The maximum 4COP.DE drawdown since its inception was -39.12%, which is greater than IUSE.L's maximum drawdown of -34.75%. Use the drawdown chart below to compare losses from any high point for 4COP.DE and IUSE.L.
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Drawdown Indicators
| 4COP.DE | IUSE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.12% | -34.75% | -4.37% |
Max Drawdown (1Y)Largest decline over 1 year | -26.21% | -8.67% | -17.54% |
Max Drawdown (3Y)Largest decline over 3 years | -39.12% | -18.33% | -20.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.75% | — |
Current DrawdownCurrent decline from peak | -5.17% | -0.55% | -4.62% |
Average DrawdownAverage peak-to-trough decline | -14.66% | -4.31% | -10.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.22% | 2.03% | +6.19% |
Volatility
4COP.DE vs. IUSE.L - Volatility Comparison
Global X Copper Miners UCITS ETF USD Accumulating (4COP.DE) has a higher volatility of 13.96% compared to iShares S&P 500 EUR Hedged UCITS ETF Acc (IUSE.L) at 3.24%. This indicates that 4COP.DE's price experiences larger fluctuations and is considered to be riskier than IUSE.L 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 | IUSE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.96% | 3.24% | +10.72% |
Volatility (6M)Calculated over the trailing 6-month period | 33.13% | 8.53% | +24.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.63% | 11.58% | +27.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.97% | 16.00% | +16.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.97% | 16.33% | +16.64% |
4COP.DE vs. IUSE.L - Expense Ratio Comparison
4COP.DE has a 0.55% expense ratio, which is higher than IUSE.L's 0.20% expense ratio.
Dividends
4COP.DE vs. IUSE.L - Dividend Comparison
Neither 4COP.DE nor IUSE.L has paid dividends to shareholders.
Frequently Asked Questions
4COP.DE and IUSE.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSE.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSE.L is cheaper with a 0.20% expense ratio, compared with 0.55% for 4COP.DE.
4COP.DE is categorized as Commodity Producers Equities, while IUSE.L is S&P 500. 4COP.DE tracks Solactive Global Copper Miners v2 Index, while IUSE.L tracks S&P 500 EUR Hedged Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.55% for 4COP.DE and 0.20% for IUSE.L.
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