COPA.L vs. ^GSPC
Compare and contrast key facts about WisdomTree Copper (COPA.L) and S&P 500 (^GSPC).
COPA.L is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg Copper. It was launched on Sep 22, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: COPA.L or ^GSPC.
Key characteristics
| COPA.L | ^GSPC | |
|---|---|---|
| YTD Return | 19.61% | 9.49% |
| 1Y Return | 26.62% | 26.44% |
| 3Y Return (Ann) | -0.62% | 7.96% |
| 5Y Return (Ann) | 10.27% | 12.64% |
| 10Y Return (Ann) | 2.58% | 10.67% |
| Sharpe Ratio | 1.46 | 2.27 |
| Daily Std Dev | 18.02% | 11.56% |
| Max Drawdown | -67.45% | -56.78% |
| Current Drawdown | -19.44% | -0.60% |
Correlation
The correlation between COPA.L and ^GSPC is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
COPA.L vs. ^GSPC - Performance Comparison
In the year-to-date period, COPA.L achieves a 19.61% return, which is significantly higher than ^GSPC's 9.49% return. Over the past 10 years, COPA.L has underperformed ^GSPC with an annualized return of 2.58%, while ^GSPC has yielded a comparatively higher 10.67% 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
COPA.L vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Copper (COPA.L) and S&P 500 (^GSPC). 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.
Drawdowns
COPA.L vs. ^GSPC - Drawdown Comparison
The maximum COPA.L drawdown since its inception was -67.45%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for COPA.L and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
COPA.L vs. ^GSPC - Volatility Comparison
WisdomTree Copper (COPA.L) has a higher volatility of 5.55% compared to S&P 500 (^GSPC) at 3.93%. This indicates that COPA.L's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.