BHP vs. COPX

Last updated Apr 2, 2026

Compare and contrast key facts about BHP Group (BHP) and Global X Copper Miners ETF (COPX).

COPX is a passively managed fund by Global X that tracks the performance of the Solactive Global Copper Miners Index. It was launched on Apr 19, 2010.

Performance

BHP vs. COPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BHP Group (BHP) and Global X Copper Miners ETF (COPX). The values are adjusted to include any dividend payments, if applicable.

BHP vs. COPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BHP BHP Group	24.25%	28.91%	-24.64%	16.50%	44.34%	0.91%	25.37%	24.50%	10.55%	33.87%
COPX Global X Copper Miners ETF	8.86%	93.50%	3.57%	8.38%	-0.76%	23.39%	51.66%	12.48%	-31.31%	38.92%

Returns By Period

In the year-to-date period, BHP achieves a 24.25% return, which is significantly higher than COPX's 8.86% return. Both investments have delivered pretty close results over the past 10 years, with BHP having a 20.88% annualized return and COPX not far ahead at 21.11%.

BHP

• 1D: 1.13%
• 1M: -9.64%
• YTD: 24.25%
• 6M: 34.54%
• 1Y: 57.16%
• 3Y*: 10.16%
• 5Y*: 13.41%
• 10Y*: 20.88%

COPX

• 1D: 2.36%
• 1M: -16.51%
• YTD: 8.86%
• 6M: 32.14%
• 1Y: 104.43%
• 3Y*: 29.35%
• 5Y*: 19.27%
• 10Y*: 21.11%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BHP vs. COPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BHP

BHP Risk / Return Rank: 85
BHP Sharpe Ratio Rank: 87
BHP Sortino Ratio Rank: 83
BHP Omega Ratio Rank: 81
BHP Calmar Ratio Rank: 85
BHP Martin Ratio Rank: 90

COPX

COPX Risk / Return Rank: 93
COPX Sharpe Ratio Rank: 95
COPX Sortino Ratio Rank: 92
COPX Omega Ratio Rank: 90
COPX Calmar Ratio Rank: 94
COPX Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BHP vs. COPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BHP Group (BHP) and Global X Copper Miners ETF (COPX). 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.

	BHP	COPX	Difference
Sharpe ratio Return per unit of total volatility	1.77	2.49	-0.72
Sortino ratio Return per unit of downside risk	2.34	2.81	-0.47
Omega ratio Gain probability vs. loss probability	1.30	1.39	-0.09
Calmar ratio Return relative to maximum drawdown	2.93	3.81	-0.88
Martin ratio Return relative to average drawdown	10.75	14.52	-3.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BHP vs. COPX - Sharpe Ratio Comparison

The current BHP Sharpe Ratio is 1.77, which is comparable to the COPX Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of BHP and COPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BHP	COPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.77	2.49	-0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.54	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.60	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.17	+0.15

Correlation

The correlation between BHP and COPX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

BHP vs. COPX - Dividend Comparison

BHP's dividend yield for the trailing twelve months is around 3.62%, more than COPX's 2.46% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BHP BHP Group	3.62%	3.64%	5.98%	4.98%	22.44%	9.98%	3.67%	8.59%	4.89%	3.61%	1.68%	9.38%
COPX Global X Copper Miners ETF	2.46%	2.68%	1.80%	2.39%	3.14%	1.48%	1.30%	1.37%	2.59%	1.57%	0.60%	1.20%

Drawdowns

BHP vs. COPX - Drawdown Comparison

The maximum BHP drawdown since its inception was -76.22%, smaller than the maximum COPX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for BHP and COPX.

Drawdown Indicators

	BHP	COPX	Difference
Max Drawdown Largest peak-to-trough decline	-76.22%	-83.16%	+6.94%
Max Drawdown (1Y) Largest decline over 1 year	-19.80%	-27.82%	+8.02%
Max Drawdown (5Y) Largest decline over 5 years	-37.21%	-42.12%	+4.91%
Max Drawdown (10Y) Largest decline over 10 years	-44.29%	-65.41%	+21.12%
Current Drawdown Current decline from peak	-9.64%	-18.34%	+8.70%
Average Drawdown Average peak-to-trough decline	-21.37%	-39.59%	+18.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.39%	7.29%	-1.90%

Volatility

BHP vs. COPX - Volatility Comparison

The current volatility for BHP Group (BHP) is 11.75%, while Global X Copper Miners ETF (COPX) has a volatility of 18.01%. This indicates that BHP experiences smaller price fluctuations and is considered to be less risky than COPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BHP	COPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.75%	18.01%	-6.26%
Volatility (6M) Calculated over the trailing 6-month period	22.72%	33.81%	-11.09%
Volatility (1Y) Calculated over the trailing 1-year period	32.44%	42.19%	-9.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.93%	36.05%	-4.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.59%	35.51%	-2.92%