BLES vs. COPY

Last updated Jul 17, 2026

BLES (Inspire Global Hope ETF) and COPY (Tweedy, Browne Insider + Value ETF) are both Global Equities funds. BLES is passively managed, while COPY is actively managed. Over the past year, BLES returned 19.94% vs 30.93% for COPY. Their correlation of 0.85 suggests significant overlap in exposure. BLES charges 0.58%/yr vs 0.80%/yr for COPY.

Performance

BLES vs. COPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Inspire Global Hope ETF (BLES) and Tweedy, Browne Insider + Value ETF (COPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BLES achieves a 12.46% return, which is significantly lower than COPY's 18.84% return.

BLES

• 1D: 0.13%
• 1M: 0.33%
• 6M: 7.79%
• YTD: 12.46%
• 1Y: 19.94%
• 3Y*: 13.98%
• 5Y*: 8.22%
• 10Y*: —

COPY

• 1D: 0.95%
• 1M: 2.00%
• 6M: 13.89%
• YTD: 18.84%
• 1Y: 30.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BLES vs. COPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BLES Inspire Global Hope ETF	12.46%	19.25%	-2.01%
COPY Tweedy, Browne Insider + Value ETF	18.84%	29.52%	0.05%

Correlation

The correlation between BLES and COPY is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (All Time) Calculated using the full available price history since Dec 27, 2024	0.85

The correlation between BLES and COPY has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.

Return for Risk

BLES vs. COPY — Risk / Return Rank

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

BLES

BLES Risk / Return Rank: 59
BLES Sharpe Ratio Rank: 58
BLES Sortino Ratio Rank: 58
BLES Omega Ratio Rank: 56
BLES Calmar Ratio Rank: 60
BLES Martin Ratio Rank: 64

COPY

COPY Risk / Return Rank: 86
COPY Sharpe Ratio Rank: 89
COPY Sortino Ratio Rank: 90
COPY Omega Ratio Rank: 87
COPY Calmar Ratio Rank: 81
COPY Martin Ratio Rank: 84

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.

BLES vs. COPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Inspire Global Hope ETF (BLES) and Tweedy, Browne Insider + Value ETF (COPY). 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.

	BLES	COPY	Difference
Sharpe ratio: Return per unit of total volatility	1.57	2.37	-0.80
Sortino ratio: Return per unit of downside risk	2.24	3.45	-1.21
Omega ratio: Gain probability vs. loss probability	1.28	1.42	-0.14
Calmar ratio: Return relative to maximum drawdown	2.42	3.43	-1.01
Martin ratio: Return relative to average drawdown	9.01	13.14	-4.13

BLES vs. COPY - Sharpe Ratio Comparison

The current BLES Sharpe Ratio is 1.57, which is lower than the COPY Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of BLES and COPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BLES vs. COPY - Drawdown Comparison

The maximum BLES drawdown since its inception was -40.35%, which is greater than COPY's maximum drawdown of -14.05%. Use the drawdown chart below to compare losses from any high point for BLES and COPY.

Drawdown Indicators

	BLES	COPY	Difference
Max Drawdown Largest peak-to-trough decline	-40.35%	-14.05%	-26.30%
Max Drawdown (1Y) Largest decline over 1 year	-8.29%	-9.07%	+0.78%
Max Drawdown (3Y) Largest decline over 3 years	-15.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.61%	—	—
Current Drawdown Current decline from peak	-0.35%	0.00%	-0.35%
Average Drawdown Average peak-to-trough decline	-5.98%	-1.52%	-4.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	2.36%	-0.14%

Volatility

BLES vs. COPY - Volatility Comparison

Inspire Global Hope ETF (BLES) has a higher volatility of 3.10% compared to Tweedy, Browne Insider + Value ETF (COPY) at 2.50%. This indicates that BLES's price experiences larger fluctuations and is considered to be riskier than COPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLES	COPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.10%	2.50%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	10.21%	10.24%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	12.77%	13.12%	-0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.46%	16.98%	-0.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.88%	16.98%	+1.90%

BLES vs. COPY - Expense Ratio Comparison

BLES has a 0.58% expense ratio, which is lower than COPY's 0.80% expense ratio.

Dividends

BLES vs. COPY - Dividend Comparison

BLES's dividend yield for the trailing twelve months is around 1.82%, more than COPY's 0.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BLES Inspire Global Hope ETF	1.82%	1.97%	1.90%	1.80%	1.64%	9.28%	1.61%	2.16%	1.73%	2.01%
COPY Tweedy, Browne Insider + Value ETF	0.80%	0.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BLES and COPY in my portfolio?

BLES and COPY have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BLES or COPY?

BLES has higher volatility (3.10%) compared to COPY (2.50%). In terms of maximum drawdown, BLES dropped -40.35% vs COPY's -14.05%.

Which ETF is better, BLES or COPY?

On 1-year performance, COPY leads with 30.93% vs 19.94% for BLES. On fees, BLES is cheaper at 0.58% per year. On volatility, COPY has been the lower-risk option at 2.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BLES or COPY?

Over the 1-year period, COPY has performed better with a 30.93% return vs 19.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BLES or COPY?

BLES is cheaper with a 0.58% expense ratio, compared with 0.80% for COPY.

Which ETF pays a higher dividend yield, BLES or COPY?

BLES has the higher dividend yield at 1.82%, compared with 0.80% for COPY.

What is the main difference between BLES and COPY?

They also come from different issuers: Inspire and Tweedy, Browne. Their fees differ too: 0.58% for BLES and 0.80% for COPY.

Which has better risk-adjusted returns?

COPY currently has the higher Sharpe Ratio (2.37 vs 1.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.