COPG.L vs. AVGO

Last updated Jun 5, 2026

COPG.L (Global X Copper Miners UCITS ETF USD Acc) is Commodity Producers Equities fund tracking the Solactive Global Copper Miners Total Return Index, while AVGO (Broadcom Inc.) is a stock. Over the past 3 years, COPG.L returned 34.51%/yr vs 71.39%/yr for AVGO. At a 0.17 correlation, their price movements are largely independent.

Performance

COPG.L vs. AVGO - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Global X Copper Miners UCITS ETF USD Acc (COPG.L) and Broadcom Inc. (AVGO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

COPG.L is traded in GBP, while AVGO is traded in USD. To make them comparable, the AVGO values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, COPG.L achieves a 24.91% return, which is significantly higher than AVGO's 21.78% return.

COPG.L

• 1D: -0.95%
• 1M: 15.82%
• YTD: 24.91%
• 6M: 35.76%
• 1Y: 119.81%
• 3Y*: 34.51%
• 5Y*: —
• 10Y*: —

AVGO

• 1D: -12.59%
• 1M: -1.08%
• YTD: 21.78%
• 6M: 9.62%
• 1Y: 63.32%
• 3Y*: 71.39%
• 5Y*: 59.38%
• 10Y*: 42.98%

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

COPG.L vs. AVGO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
COPG.L Global X Copper Miners UCITS ETF USD Acc	24.91%	82.05%	3.66%	3.03%	14.35%	-1.92%
AVGO Broadcom Inc.	21.78%	39.90%	114.17%	93.98%	-2.96%	3.93%

Correlation

The correlation between COPG.L and AVGO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (All Time) Calculated using the full available price history since Dec 13, 2021	0.17

Return for Risk

COPG.L vs. AVGO — Risk / Return Rank

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

COPG.L

COPG.L Risk / Return Rank: 82
COPG.L Sharpe Ratio Rank: 91
COPG.L Sortino Ratio Rank: 81
COPG.L Omega Ratio Rank: 76
COPG.L Calmar Ratio Rank: 84
COPG.L Martin Ratio Rank: 77

AVGO

AVGO Risk / Return Rank: 76
AVGO Sharpe Ratio Rank: 80
AVGO Sortino Ratio Rank: 75
AVGO Omega Ratio Rank: 75
AVGO Calmar Ratio Rank: 76
AVGO Martin Ratio Rank: 76

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.

COPG.L vs. AVGO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Copper Miners UCITS ETF USD Acc (COPG.L) and Broadcom Inc. (AVGO). 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.

	COPG.L	AVGO	Difference
Sharpe ratio: Return per unit of total volatility	3.14	1.45	+1.69
Sortino ratio: Return per unit of downside risk	3.58	2.03	+1.55
Omega ratio: Gain probability vs. loss probability	1.44	1.27	+0.17
Calmar ratio: Return relative to maximum drawdown	4.53	2.31	+2.23
Martin ratio: Return relative to average drawdown	14.57	5.24	+9.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COPG.L vs. AVGO - Sharpe Ratio Comparison

The current COPG.L Sharpe Ratio is 3.14, which is higher than the AVGO Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of COPG.L and AVGO, 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

	COPG.L	AVGO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.14	1.45	+1.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.41	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	1.17	-0.40

Drawdowns

COPG.L vs. AVGO - Drawdown Comparison

The maximum COPG.L drawdown since its inception was -38.84%, smaller than the maximum AVGO drawdown of -42.16%. Use the drawdown chart below to compare losses from any high point for COPG.L and AVGO.

Drawdown Indicators

	COPG.L	AVGO	Difference
Max Drawdown Largest peak-to-trough decline	-38.84%	-42.16%	+3.32%
Max Drawdown (1Y) Largest decline over 1 year	-26.29%	-27.60%	+1.31%
Max Drawdown (3Y) Largest decline over 3 years	-38.84%	-42.09%	+3.25%
Max Drawdown (5Y) Largest decline over 5 years	—	-42.09%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.16%	—
Current Drawdown Current decline from peak	-5.64%	-12.70%	+7.06%
Average Drawdown Average peak-to-trough decline	-13.96%	-7.45%	-6.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.19%	12.13%	-3.94%

Volatility

COPG.L vs. AVGO - Volatility Comparison

The current volatility for Global X Copper Miners UCITS ETF USD Acc (COPG.L) is 14.11%, while Broadcom Inc. (AVGO) has a volatility of 18.21%. This indicates that COPG.L experiences smaller price fluctuations and is considered to be less risky than AVGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COPG.L	AVGO	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.11%	18.21%	-4.10%
Volatility (6M) Calculated over the trailing 6-month period	32.19%	32.64%	-0.45%
Volatility (1Y) Calculated over the trailing 1-year period	37.96%	43.93%	-5.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.82%	42.32%	-8.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.82%	38.92%	-5.10%

Dividends

COPG.L vs. AVGO - Dividend Comparison

COPG.L has not paid dividends to shareholders, while AVGO's dividend yield for the trailing twelve months is around 0.59%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVGO Broadcom Inc.	0.59%	0.70%	0.94%	1.71%	3.02%	2.24%	3.05%	3.54%	3.11%	1.87%	1.43%	1.13%
COPG.L Global X Copper Miners UCITS ETF USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both COPG.L and AVGO in my portfolio?

COPG.L and AVGO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.