COPG.L vs. ICLN
COPG.L (Global X Copper Miners UCITS ETF USD Acc) and ICLN (iShares Global Clean Energy ETF) are both exchange-traded funds - COPG.L is a Commodity Producers Equities fund tracking the Solactive Global Copper Miners Total Return Index, while ICLN is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index. Both are passively managed. Over the past 3 years, COPG.L returned 34.51%/yr vs 6.33%/yr for ICLN. At a 0.31 correlation, their price movements are largely independent. COPG.L charges 0.65%/yr vs 0.39%/yr for ICLN.
Performance
COPG.L vs. ICLN - Performance Comparison
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Different Trading Currencies
COPG.L is traded in GBP, while ICLN is traded in USD. To make them comparable, the ICLN 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 lower than ICLN's 41.17% return.
COPG.L
- 1D
- -0.95%
- 1M
- 15.82%
- YTD
- 24.91%
- 6M
- 35.76%
- 1Y
- 119.81%
- 3Y*
- 34.51%
- 5Y*
- —
- 10Y*
- —
ICLN
- 1D
- 0.04%
- 1M
- 9.50%
- YTD
- 41.17%
- 6M
- 36.23%
- 1Y
- 85.44%
- 3Y*
- 6.33%
- 5Y*
- 3.21%
- 10Y*
- 12.62%
COPG.L vs. ICLN - 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% |
ICLN iShares Global Clean Energy ETF | 41.17% | 36.57% | -24.42% | -24.38% | 5.82% | -5.93% |
Correlation
The correlation between COPG.L and ICLN is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2021 | 0.31 |
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Return for Risk
COPG.L vs. ICLN — Risk / Return Rank
COPG.L
ICLN
COPG.L vs. ICLN - 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 iShares Global Clean Energy ETF (ICLN). 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 | ICLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.51 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.53 | 6.56 | -2.03 |
| Martin ratioReturn relative to average drawdown | 14.57 | 19.34 | -4.77 |
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 | ICLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.14 | 3.44 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.13 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | -0.01 | +0.78 |
Drawdowns
COPG.L vs. ICLN - Drawdown Comparison
The maximum COPG.L drawdown since its inception was -38.84%, smaller than the maximum ICLN drawdown of -84.40%. Use the drawdown chart below to compare losses from any high point for COPG.L and ICLN.
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Drawdown Indicators
| COPG.L | ICLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.84% | -84.40% | +45.56% |
Max Drawdown (1Y)Largest decline over 1 year | -26.29% | -13.09% | -13.20% |
Max Drawdown (3Y)Largest decline over 3 years | -38.84% | -43.39% | +4.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.04% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.68% | — |
Current DrawdownCurrent decline from peak | -5.64% | -25.11% | +19.47% |
Average DrawdownAverage peak-to-trough decline | -13.96% | -57.64% | +43.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.19% | 4.43% | +3.76% |
Volatility
COPG.L vs. ICLN - Volatility Comparison
Global X Copper Miners UCITS ETF USD Acc (COPG.L) has a higher volatility of 14.11% compared to iShares Global Clean Energy ETF (ICLN) at 9.10%. This indicates that COPG.L's price experiences larger fluctuations and is considered to be riskier than ICLN 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 | ICLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.11% | 9.10% | +5.01% |
Volatility (6M)Calculated over the trailing 6-month period | 32.19% | 19.12% | +13.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.96% | 25.00% | +12.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.82% | 25.31% | +8.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.82% | 26.15% | +7.67% |
COPG.L vs. ICLN - Expense Ratio Comparison
COPG.L has a 0.65% expense ratio, which is higher than ICLN's 0.39% expense ratio.
Dividends
COPG.L vs. ICLN - Dividend Comparison
COPG.L has not paid dividends to shareholders, while ICLN's dividend yield for the trailing twelve months is around 1.16%.
| Position | 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% |
ICLN iShares Global Clean Energy ETF | 1.16% | 1.63% | 1.85% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% |
Frequently Asked Questions
COPG.L and ICLN have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICLN is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICLN is cheaper with a 0.39% expense ratio, compared with 0.65% for COPG.L.
COPG.L is categorized as Commodity Producers Equities, while ICLN is Alternative Energy Equities. COPG.L tracks Solactive Global Copper Miners Total Return Index, while ICLN tracks S&P Global Clean Energy Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.65% for COPG.L and 0.39% for ICLN.
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