4COP.DE vs. MVOL.L
4COP.DE (Global X Copper Miners UCITS ETF USD Accumulating) and MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) are both exchange-traded funds - 4COP.DE is a Copper fund tracking the Solactive Global Copper Miners v2 Index, while MVOL.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 3 years, 4COP.DE returned 27.63%/yr vs 7.54%/yr for MVOL.L. At a 0.17 correlation, their price movements are largely independent. 4COP.DE charges 0.55%/yr vs 0.35%/yr for MVOL.L.
Performance
4COP.DE vs. MVOL.L - Performance Comparison
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Different Trading Currencies
4COP.DE is traded in EUR, while MVOL.L is traded in USD. To make them comparable, the MVOL.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 4COP.DE achieves a 8.23% return, which is significantly higher than MVOL.L's 3.21% return.
4COP.DE
- 1D
- 0.02%
- 1M
- -9.78%
- YTD
- 8.23%
- 6M
- 9.47%
- 1Y
- 88.54%
- 3Y*
- 27.63%
- 5Y*
- —
- 10Y*
- —
MVOL.L
- 1D
- -0.10%
- 1M
- 1.02%
- YTD
- 3.21%
- 6M
- 3.53%
- 1Y
- 4.60%
- 3Y*
- 7.54%
- 5Y*
- 5.99%
- 10Y*
- 6.82%
4COP.DE vs. MVOL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
4COP.DE Global X Copper Miners UCITS ETF USD Accumulating | 8.23% | 73.65% | 9.36% | 4.93% | 6.75% | 1.24% |
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS | 3.21% | -2.16% | 18.41% | 4.07% | -4.02% | 2.30% |
Correlation
The correlation between 4COP.DE and MVOL.L is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2021 | 0.17 |
The correlation between 4COP.DE and MVOL.L shifts across timeframes, from -0.01 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
4COP.DE vs. MVOL.L — Risk / Return Rank
4COP.DE
MVOL.L
4COP.DE vs. MVOL.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 Edge MSCI World Minimum Volatility UCITS (MVOL.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.
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 | MVOL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.62 | ||
| Sortino ratioReturn per unit of downside risk | +1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.09 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 0.88 | +2.50 |
| Martin ratioReturn relative to average drawdown | 10.14 | 2.14 | +8.00 |
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Drawdowns
4COP.DE vs. MVOL.L - Drawdown Comparison
The maximum 4COP.DE drawdown since its inception was -39.13%, which is greater than MVOL.L's maximum drawdown of -28.24%. Use the drawdown chart below to compare losses from any high point for 4COP.DE and MVOL.L.
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Drawdown Indicators
| 4COP.DE | MVOL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.13% | -28.24% | -10.89% |
Max Drawdown (1Y)Largest decline over 1 year | -26.21% | -5.24% | -20.97% |
Max Drawdown (3Y)Largest decline over 3 years | -39.13% | -11.81% | -27.32% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.24% | — |
Current DrawdownCurrent decline from peak | -17.82% | -5.35% | -12.47% |
Average DrawdownAverage peak-to-trough decline | -14.62% | -4.60% | -10.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.73% | 2.15% | +6.58% |
Volatility
4COP.DE vs. MVOL.L - Volatility Comparison
Global X Copper Miners UCITS ETF USD Accumulating (4COP.DE) has a higher volatility of 15.52% compared to iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) at 2.49%. This indicates that 4COP.DE's price experiences larger fluctuations and is considered to be riskier than MVOL.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 | MVOL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.52% | 2.49% | +13.03% |
Volatility (6M)Calculated over the trailing 6-month period | 35.49% | 6.49% | +29.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.26% | 8.77% | +32.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.44% | 10.74% | +22.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.44% | 12.14% | +21.30% |
4COP.DE vs. MVOL.L - Expense Ratio Comparison
4COP.DE has a 0.55% expense ratio, which is higher than MVOL.L's 0.35% expense ratio.
Dividends
4COP.DE vs. MVOL.L - Dividend Comparison
Neither 4COP.DE nor MVOL.L has paid dividends to shareholders.
Frequently Asked Questions
4COP.DE and MVOL.L have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVOL.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVOL.L is cheaper with a 0.35% expense ratio, compared with 0.55% for 4COP.DE.
4COP.DE is categorized as Copper, while MVOL.L is Global Equities. 4COP.DE tracks Solactive Global Copper Miners v2 Index, while MVOL.L tracks MSCI ACWI NR USD. They also come from different issuers: Global X and iShares. Their fees differ too: 0.55% for 4COP.DE and 0.35% for MVOL.L.
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