BHP vs. COPX
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BHP or COPX.
Key characteristics
| BHP | COPX | |
|---|---|---|
| YTD Return | -11.90% | 18.40% |
| 1Y Return | 4.66% | 13.57% |
| 3Y Return (Ann) | 1.93% | 6.76% |
| 5Y Return (Ann) | 10.52% | 17.46% |
| 10Y Return (Ann) | 5.54% | 6.63% |
| Sharpe Ratio | 0.21 | 0.47 |
| Daily Std Dev | 25.74% | 28.10% |
| Max Drawdown | -75.95% | -83.16% |
| Current Drawdown | -12.64% | -4.99% |
Correlation
The correlation between BHP and COPX is 0.80, 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.
Performance
BHP vs. COPX - Performance Comparison
In the year-to-date period, BHP achieves a -11.90% return, which is significantly lower than COPX's 18.40% return. Over the past 10 years, BHP has underperformed COPX with an annualized return of 5.54%, while COPX has yielded a comparatively higher 6.63% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BHP vs. COPX - Risk-Adjusted Performance 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.
Dividends
BHP vs. COPX - Dividend Comparison
BHP's dividend yield for the trailing twelve months is around 5.18%, more than COPX's 2.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHP BHP Group | 5.18% | 4.98% | 10.27% | 9.98% | 3.67% | 8.59% | 4.89% | 3.61% | 1.68% | 9.32% | 5.11% | 3.40% |
COPX Global X Copper Miners ETF | 2.02% | 2.39% | 3.14% | 1.48% | 1.30% | 1.37% | 2.59% | 1.57% | 0.60% | 1.20% | 2.31% | 0.71% |
Drawdowns
BHP vs. COPX - Drawdown Comparison
The maximum BHP drawdown since its inception was -75.95%, 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. For additional features, visit the drawdowns tool.
Volatility
BHP vs. COPX - Volatility Comparison
BHP Group (BHP) has a higher volatility of 7.23% compared to Global X Copper Miners ETF (COPX) at 6.73%. This indicates that BHP's price experiences larger fluctuations and is considered to be riskier than COPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.