COPG.L vs. COPX
Compare and contrast key facts about Global X Copper Miners UCITS ETF USD Acc (COPG.L) and Global X Copper Miners ETF (COPX).
COPG.L and COPX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. COPG.L is a passively managed fund by Global X that tracks the performance of the Solactive Global Copper Miners Total Return Index. It was launched on Nov 22, 2021. COPX is a passively managed fund by Global X that tracks the performance of the Solactive Global Copper Miners Index. It was launched on Apr 19, 2010. Both COPG.L and COPX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
COPG.L vs. COPX - Performance Comparison
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COPG.L vs. COPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
COPG.L Global X Copper Miners UCITS ETF USD Acc | 3.70% | 82.05% | 3.66% | 3.03% | 14.35% | -1.92% |
COPX Global X Copper Miners ETF | 8.37% | 79.71% | 5.38% | 2.96% | 11.04% | 0.04% |
Different Trading Currencies
COPG.L is traded in GBP, while COPX is traded in USD. To make them comparable, the COPX 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 3.70% return, which is significantly lower than COPX's 8.37% return.
COPG.L
- 1D
- 2.20%
- 1M
- -21.65%
- YTD
- 3.70%
- 6M
- 29.50%
- 1Y
- 90.62%
- 3Y*
- 24.11%
- 5Y*
- —
- 10Y*
- —
COPX
- 1D
- 7.60%
- 1M
- -18.65%
- YTD
- 8.37%
- 6M
- 32.88%
- 1Y
- 96.48%
- 3Y*
- 25.40%
- 5Y*
- 19.79%
- 10Y*
- 21.72%
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COPG.L vs. COPX - Expense Ratio Comparison
Both COPG.L and COPX have an expense ratio of 0.65%.
Return for Risk
COPG.L vs. COPX — Risk / Return Rank
COPG.L
COPX
COPG.L vs. COPX - 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 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.
| COPG.L | COPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.42 | 2.43 | -0.01 |
Sortino ratioReturn per unit of downside risk | 2.80 | 2.77 | +0.03 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.39 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 3.35 | 3.40 | -0.05 |
Martin ratioReturn relative to average drawdown | 12.86 | 13.40 | -0.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| COPG.L | COPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 2.43 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.61 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.20 | +0.44 |
Correlation
The correlation between COPG.L and COPX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
COPG.L vs. COPX - Dividend Comparison
COPG.L has not paid dividends to shareholders, while COPX's dividend yield for the trailing twelve months is around 2.52%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
COPX Global X Copper Miners ETF | 2.52% | 2.68% | 1.80% | 2.39% | 3.14% | 1.48% | 1.30% | 1.37% | 2.59% | 1.57% | 0.60% | 1.20% |
Drawdowns
COPG.L vs. COPX - Drawdown Comparison
The maximum COPG.L drawdown since its inception was -38.84%, smaller than the maximum COPX drawdown of -81.19%. Use the drawdown chart below to compare losses from any high point for COPG.L and COPX.
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Drawdown Indicators
| COPG.L | COPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.84% | -83.16% | +44.32% |
Max Drawdown (1Y)Largest decline over 1 year | -26.29% | -27.82% | +1.53% |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -65.41% | — |
Current DrawdownCurrent decline from peak | -21.67% | -20.22% | -1.45% |
Average DrawdownAverage peak-to-trough decline | -14.03% | -39.60% | +25.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.85% | 7.20% | -0.35% |
Volatility
COPG.L vs. COPX - Volatility Comparison
The current volatility for Global X Copper Miners UCITS ETF USD Acc (COPG.L) is 15.35%, while Global X Copper Miners ETF (COPX) has a volatility of 18.09%. This indicates that COPG.L 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
| COPG.L | COPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.35% | 18.09% | -2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 30.35% | 31.90% | -1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.38% | 39.94% | -2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.26% | 32.66% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.26% | 33.14% | +0.12% |