BTC-USD vs. COPX
BTC-USD (Bitcoin) is a cryptocurrency, while COPX (Global X Copper Miners ETF) is Materials fund tracking the Solactive Global Copper Miners Total Return Index. Over the past 10 years, BTC-USD returned 57.32%/yr vs 21.86%/yr for COPX. At a 0.10 correlation, their price movements are largely independent.
Performance
BTC-USD vs. COPX - Performance Comparison
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Returns By Period
In the year-to-date period, BTC-USD achieves a -27.32% return, which is significantly lower than COPX's 19.75% return. Over the past 10 years, BTC-USD has outperformed COPX with an annualized return of 57.32%, while COPX has yielded a comparatively lower 21.86% annualized return.
BTC-USD
- 1D
- 0.05%
- 1M
- -19.79%
- YTD
- -27.32%
- 6M
- -29.56%
- 1Y
- -39.85%
- 3Y*
- 34.86%
- 5Y*
- 10.27%
- 10Y*
- 57.32%
COPX
- 1D
- 3.38%
- 1M
- -6.46%
- YTD
- 19.75%
- 6M
- 29.13%
- 1Y
- 103.76%
- 3Y*
- 33.96%
- 5Y*
- 19.28%
- 10Y*
- 21.86%
BTC-USD vs. COPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -27.32% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
COPX Global X Copper Miners ETF | 19.75% | 93.50% | 3.57% | 8.38% | -0.76% | 23.39% | 51.66% | 12.48% | -31.31% | 38.92% |
Correlation
The correlation between BTC-USD and COPX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2012 | 0.10 |
The correlation between BTC-USD and COPX shifts across timeframes, from 0.10 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BTC-USD vs. COPX — Risk / Return Rank
BTC-USD
COPX
BTC-USD vs. COPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) 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.
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.
| BTC-USD | COPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.32 | ||
| Sortino ratioReturn per unit of downside risk | -4.01 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.36 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 3.75 | -4.53 |
| Martin ratioReturn relative to average drawdown | -1.36 | 11.60 | -12.96 |
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Drawdowns
BTC-USD vs. COPX - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, roughly equal to the maximum COPX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for BTC-USD and COPX.
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Drawdown Indicators
| BTC-USD | COPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -83.16% | -2.14% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -27.82% | -23.39% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -39.72% | -11.49% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -42.12% | -34.55% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -65.41% | -18.39% |
Current DrawdownCurrent decline from peak | -49.01% | -10.17% | -38.84% |
Average DrawdownAverage peak-to-trough decline | -42.35% | -39.28% | -3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.02% | 8.98% | +26.04% |
Volatility
BTC-USD vs. COPX - Volatility Comparison
The current volatility for Bitcoin (BTC-USD) is 12.11%, while Global X Copper Miners ETF (COPX) has a volatility of 19.30%. This indicates that BTC-USD 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.
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Volatility by Period
| BTC-USD | COPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.11% | 19.30% | -7.19% |
Volatility (6M)Calculated over the trailing 6-month period | 34.59% | 38.15% | -3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.62% | 43.66% | -8.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.71% | 37.00% | +7.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.62% | 35.75% | +20.87% |
Frequently Asked Questions
BTC-USD and COPX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COPX has higher volatility (19.30%) compared to BTC-USD (12.11%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs COPX's -83.16%.
COPX currently has the higher Sharpe Ratio (2.39 vs -0.93), 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.
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