4COP.DE vs. NQSE.DE
4COP.DE (Global X Copper Miners UCITS ETF USD Accumulating) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - 4COP.DE is a Copper fund tracking the Solactive Global Copper Miners v2 Index, while NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 3 years, 4COP.DE returned 24.85%/yr vs 20.13%/yr for NQSE.DE. At a 0.46 correlation, their price movements are largely independent. 4COP.DE charges 0.55%/yr vs 0.33%/yr for NQSE.DE.
Performance
4COP.DE vs. NQSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 4COP.DE achieves a 3.65% return, which is significantly lower than NQSE.DE's 10.53% return.
4COP.DE
- 1D
- -3.07%
- 1M
- -14.14%
- 6M
- -7.51%
- YTD
- 3.65%
- 1Y
- 73.88%
- 3Y*
- 24.85%
- 5Y*
- —
- 10Y*
- —
NQSE.DE
- 1D
- -2.24%
- 1M
- -5.74%
- 6M
- 10.53%
- YTD
- 10.53%
- 1Y
- 21.18%
- 3Y*
- 20.13%
- 5Y*
- 11.89%
- 10Y*
- —
4COP.DE vs. NQSE.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% |
NQSE.DE iShares NASDAQ 100 UCITS ETF | 10.53% | 18.19% | 24.02% | 52.15% | -36.27% | 1.73% |
Correlation
The correlation between 4COP.DE and NQSE.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2021 | 0.46 |
The correlation between 4COP.DE and NQSE.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. NQSE.DE — Risk / Return Rank
4COP.DE
NQSE.DE
4COP.DE vs. NQSE.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 iShares NASDAQ 100 UCITS ETF (NQSE.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 | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.21 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 1.78 | +1.05 |
| Martin ratioReturn relative to average drawdown | 7.53 | 5.78 | +1.74 |
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Drawdowns
4COP.DE vs. NQSE.DE - Drawdown Comparison
The maximum 4COP.DE drawdown since its inception was -39.13%, roughly equal to the maximum NQSE.DE drawdown of -37.62%. Use the drawdown chart below to compare losses from any high point for 4COP.DE and NQSE.DE.
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Drawdown Indicators
| 4COP.DE | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.13% | -37.62% | -1.51% |
Max Drawdown (1Y)Largest decline over 1 year | -26.21% | -11.88% | -14.33% |
Max Drawdown (3Y)Largest decline over 3 years | -39.13% | -22.41% | -16.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.62% | — |
Current DrawdownCurrent decline from peak | -21.29% | -6.95% | -14.34% |
Average DrawdownAverage peak-to-trough decline | -14.67% | -8.49% | -6.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.85% | 3.67% | +6.18% |
Volatility
4COP.DE vs. NQSE.DE - Volatility Comparison
Global X Copper Miners UCITS ETF USD Accumulating (4COP.DE) has a higher volatility of 12.75% compared to iShares NASDAQ 100 UCITS ETF (NQSE.DE) at 6.20%. This indicates that 4COP.DE's price experiences larger fluctuations and is considered to be riskier than NQSE.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 | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.75% | 6.20% | +6.55% |
Volatility (6M)Calculated over the trailing 6-month period | 35.70% | 13.90% | +21.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.04% | 17.71% | +24.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.60% | 21.19% | +12.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.60% | 21.60% | +12.00% |
4COP.DE vs. NQSE.DE - Expense Ratio Comparison
4COP.DE has a 0.55% expense ratio, which is higher than NQSE.DE's 0.33% expense ratio.
Dividends
4COP.DE vs. NQSE.DE - Dividend Comparison
Neither 4COP.DE nor NQSE.DE has paid dividends to shareholders.
Frequently Asked Questions
4COP.DE and NQSE.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NQSE.DE is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NQSE.DE is cheaper with a 0.33% expense ratio, compared with 0.55% for 4COP.DE.
4COP.DE is categorized as Copper, while NQSE.DE is Nasdaq-100. 4COP.DE tracks Solactive Global Copper Miners v2 Index, while NQSE.DE tracks NASDAQ-100 Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.55% for 4COP.DE and 0.33% for NQSE.DE.
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