CHAT vs. COPX

Last updated Jun 9, 2026

CHAT (Roundhill Generative AI & Technology ETF) and COPX (Global X Copper Miners ETF) are both exchange-traded funds - CHAT is a Technology Equities fund actively managed by Roundhill, while COPX is a Materials fund tracking the Solactive Global Copper Miners Total Return Index. CHAT is actively managed, while COPX is passively managed. Over the past 3 years, CHAT returned 50.33%/yr vs 32.33%/yr for COPX. A 0.50 correlation means they provide meaningful diversification when combined. CHAT charges 0.75%/yr vs 0.65%/yr for COPX.

Performance

CHAT vs. COPX - Performance Comparison

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

Returns By Period

In the year-to-date period, CHAT achieves a 58.75% return, which is significantly higher than COPX's 13.23% return.

CHAT

• 1D: 3.25%
• 1M: 8.61%
• YTD: 58.75%
• 6M: 54.05%
• 1Y: 117.08%
• 3Y*: 50.33%
• 5Y*: —
• 10Y*: —

COPX

• 1D: 0.81%
• 1M: -5.44%
• YTD: 13.23%
• 6M: 23.36%
• 1Y: 93.73%
• 3Y*: 32.33%
• 5Y*: 18.13%
• 10Y*: 20.76%

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

CHAT vs. COPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CHAT Roundhill Generative AI & Technology ETF	58.75%	49.85%	30.98%	21.04%
COPX Global X Copper Miners ETF	13.23%	93.50%	3.57%	1.99%

Correlation

The correlation between CHAT and COPX is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (All Time) Calculated using the full available price history since May 18, 2023	0.50

The correlation between CHAT and COPX has been stable across timeframes, ranging from 0.50 to 0.55 - a consistent structural relationship.

CHAT vs. COPX - Sectors Allocation Comparison

Sectors	CHAT	COPX
Technology	76.5%	-
Communication Services	16.6%	-
Consumer Cyclical	5.6%	-
Industrials	0.8%	3.7%
Financial Services	0.0%	-
Basic Materials	-	96.3%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

CHAT vs. COPX — Risk / Return Rank

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

CHAT

CHAT Risk / Return Rank: 93
CHAT Sharpe Ratio Rank: 96
CHAT Sortino Ratio Rank: 90
CHAT Omega Ratio Rank: 91
CHAT Calmar Ratio Rank: 95
CHAT Martin Ratio Rank: 92

COPX

COPX Risk / Return Rank: 67
COPX Sharpe Ratio Rank: 76
COPX Sortino Ratio Rank: 60
COPX Omega Ratio Rank: 62
COPX Calmar Ratio Rank: 74
COPX Martin Ratio Rank: 65

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.

CHAT vs. COPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Generative AI & Technology ETF (CHAT) 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.

	CHAT	COPX	Difference
Sharpe ratio: Return per unit of total volatility	3.63	2.20	+1.43
Sortino ratio: Return per unit of downside risk	3.82	2.54	+1.28
Omega ratio: Gain probability vs. loss probability	1.54	1.34	+0.19
Calmar ratio: Return relative to maximum drawdown	7.23	3.39	+3.84
Martin ratio: Return relative to average drawdown	21.00	10.72	+10.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CHAT vs. COPX - Sharpe Ratio Comparison

The current CHAT Sharpe Ratio is 3.63, which is higher than the COPX Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of CHAT and COPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CHAT	COPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.63	2.20	+1.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.50	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.78	0.17	+1.61

Drawdowns

CHAT vs. COPX - Drawdown Comparison

The maximum CHAT drawdown since its inception was -31.34%, smaller than the maximum COPX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for CHAT and COPX.

Drawdown Indicators

	CHAT	COPX	Difference
Max Drawdown Largest peak-to-trough decline	-31.34%	-83.16%	+51.82%
Max Drawdown (1Y) Largest decline over 1 year	-16.28%	-27.82%	+11.54%
Max Drawdown (3Y) Largest decline over 3 years	-31.34%	-39.72%	+8.38%
Max Drawdown (5Y) Largest decline over 5 years	—	-42.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-65.41%	—
Current Drawdown Current decline from peak	-9.52%	-15.06%	+5.54%
Average Drawdown Average peak-to-trough decline	-5.36%	-39.28%	+33.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.60%	8.78%	-3.18%

Volatility

CHAT vs. COPX - Volatility Comparison

The current volatility for Roundhill Generative AI & Technology ETF (CHAT) is 15.95%, while Global X Copper Miners ETF (COPX) has a volatility of 18.19%. This indicates that CHAT 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

	CHAT	COPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.95%	18.19%	-2.24%
Volatility (6M) Calculated over the trailing 6-month period	27.06%	37.27%	-10.21%
Volatility (1Y) Calculated over the trailing 1-year period	32.47%	42.89%	-10.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.45%	36.80%	-6.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.45%	35.68%	-5.23%

CHAT vs. COPX - Expense Ratio Comparison

CHAT has a 0.75% expense ratio, which is higher than COPX's 0.65% expense ratio.

Dividends

CHAT vs. COPX - Dividend Comparison

CHAT's dividend yield for the trailing twelve months is around 1.80%, less than COPX's 2.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHAT Roundhill Generative AI & Technology ETF	1.80%	2.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
COPX Global X Copper Miners ETF	2.36%	2.68%	1.80%	2.39%	3.14%	1.48%	1.30%	1.37%	2.59%	1.57%	0.60%	1.20%

Frequently Asked Questions

Can I hold both CHAT and COPX in my portfolio?

CHAT and COPX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CHAT or COPX?

COPX has higher volatility (18.19%) compared to CHAT (15.95%). In terms of maximum drawdown, CHAT dropped -31.34% vs COPX's -83.16%.

Which ETF is better, CHAT or COPX?

On 3-year performance, CHAT leads with 50.33% vs 32.33% for COPX. On fees, COPX is cheaper at 0.65% per year. On volatility, CHAT has been the lower-risk option at 15.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHAT or COPX?

Over the 3-year period, CHAT has performed better with a 50.33% return vs 32.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHAT or COPX?

COPX is cheaper with a 0.65% expense ratio, compared with 0.75% for CHAT.

Which ETF pays a higher dividend yield, CHAT or COPX?

COPX has the higher dividend yield at 2.36%, compared with 1.80% for CHAT.

What is the main difference between CHAT and COPX?

CHAT is categorized as Technology Equities, while COPX is Materials. They also come from different issuers: Roundhill and Global X. Their fees differ too: 0.75% for CHAT and 0.65% for COPX.

Which has better risk-adjusted returns?

CHAT currently has the higher Sharpe Ratio (3.63 vs 2.20), 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.