COPG.L vs. SILG.L

Last updated Apr 2, 2026

Compare and contrast key facts about Global X Copper Miners UCITS ETF USD Acc (COPG.L) and Global X Silver Miners UCITS ETF USD Accumulating (SILG.L).

COPG.L and SILG.L 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. SILG.L is a passively managed fund by Global X that tracks the performance of the EMIX Global Mining Global Gold TR USD. It was launched on May 6, 2022. Both COPG.L and SILG.L 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. SILG.L - 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 Global X Silver Miners UCITS ETF USD Accumulating (SILG.L). The values are adjusted to include any dividend payments, if applicable.

COPG.L vs. SILG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
COPG.L Global X Copper Miners UCITS ETF USD Acc	9.97%	82.05%	3.66%	3.03%	-0.86%
SILG.L Global X Silver Miners UCITS ETF USD Accumulating	14.25%	153.98%	13.53%	-6.34%	-8.01%

Returns By Period

In the year-to-date period, COPG.L achieves a 9.97% return, which is significantly lower than SILG.L's 14.25% return.

COPG.L

• 1D: 6.05%
• 1M: -14.87%
• YTD: 9.97%
• 6M: 35.56%
• 1Y: 99.44%
• 3Y*: 26.56%
• 5Y*: —
• 10Y*: —

SILG.L

• 1D: 7.78%
• 1M: -17.14%
• YTD: 14.25%
• 6M: 35.43%
• 1Y: 144.54%
• 3Y*: 43.55%
• 5Y*: —
• 10Y*: —

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

COPG.L vs. SILG.L - Expense Ratio Comparison

Both COPG.L and SILG.L have an expense ratio of 0.65%.

COPG.L

Global X Copper Miners UCITS ETF USD Acc

SILG.L

Global X Silver Miners UCITS ETF USD Accumulating

Return for Risk

COPG.L vs. SILG.L — 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: 93
COPG.L Sharpe Ratio Rank: 96
COPG.L Sortino Ratio Rank: 94
COPG.L Omega Ratio Rank: 89
COPG.L Calmar Ratio Rank: 93
COPG.L Martin Ratio Rank: 94

SILG.L

SILG.L Risk / Return Rank: 95
SILG.L Sharpe Ratio Rank: 97
SILG.L Sortino Ratio Rank: 95
SILG.L Omega Ratio Rank: 92
SILG.L Calmar Ratio Rank: 96
SILG.L Martin Ratio Rank: 95

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. SILG.L - 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 Silver Miners UCITS ETF USD Accumulating (SILG.L). 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	SILG.L	Difference
Sharpe ratio Return per unit of total volatility	2.63	3.04	-0.41
Sortino ratio Return per unit of downside risk	2.99	3.17	-0.19
Omega ratio Gain probability vs. loss probability	1.39	1.42	-0.03
Calmar ratio Return relative to maximum drawdown	3.87	4.75	-0.88
Martin ratio Return relative to average drawdown	15.49	15.52	-0.02
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. SILG.L - Sharpe Ratio Comparison

The current COPG.L Sharpe Ratio is 2.63, which is comparable to the SILG.L Sharpe Ratio of 3.04. The chart below compares the historical Sharpe Ratios of COPG.L and SILG.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	COPG.L	SILG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	3.04	-0.41
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.79	-0.09

Correlation

The correlation between COPG.L and SILG.L is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

COPG.L vs. SILG.L - Dividend Comparison

Neither COPG.L nor SILG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

COPG.L vs. SILG.L - Drawdown Comparison

The maximum COPG.L drawdown since its inception was -38.84%, which is greater than SILG.L's maximum drawdown of -32.00%. Use the drawdown chart below to compare losses from any high point for COPG.L and SILG.L.

Drawdown Indicators

	COPG.L	SILG.L	Difference
Max Drawdown Largest peak-to-trough decline	-38.84%	-32.00%	-6.84%
Max Drawdown (1Y) Largest decline over 1 year	-26.29%	-30.90%	+4.61%
Current Drawdown Current decline from peak	-16.93%	-18.40%	+1.47%
Average Drawdown Average peak-to-trough decline	-14.03%	-12.15%	-1.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.57%	9.46%	-2.89%

Volatility

COPG.L vs. SILG.L - Volatility Comparison

The current volatility for Global X Copper Miners UCITS ETF USD Acc (COPG.L) is 16.02%, while Global X Silver Miners UCITS ETF USD Accumulating (SILG.L) has a volatility of 20.05%. This indicates that COPG.L experiences smaller price fluctuations and is considered to be less risky than SILG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COPG.L	SILG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.02%	20.05%	-4.03%
Volatility (6M) Calculated over the trailing 6-month period	30.87%	40.97%	-10.10%
Volatility (1Y) Calculated over the trailing 1-year period	37.62%	47.32%	-9.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.37%	38.74%	-5.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.37%	38.74%	-5.37%