COPM.AS vs. 8PSG.DE
COPM.AS (iShares Copper Miners UCITS ETF) and 8PSG.DE (Invesco Physical Gold ETC) are both exchange-traded funds - COPM.AS is a Commodity Producers Equities fund tracking the STOXX Global Copper Miners Index, while 8PSG.DE is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past year, COPM.AS returned 101.70% vs 31.64% for 8PSG.DE. At a 0.45 correlation, their price movements are largely independent. COPM.AS charges 0.55%/yr vs 0.12%/yr for 8PSG.DE.
Performance
COPM.AS vs. 8PSG.DE - Performance Comparison
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Different Trading Currencies
COPM.AS is traded in USD, while 8PSG.DE is traded in EUR. To make them comparable, the 8PSG.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, COPM.AS achieves a 25.99% return, which is significantly higher than 8PSG.DE's 1.53% return.
COPM.AS
- 1D
- -1.41%
- 1M
- -1.51%
- YTD
- 25.99%
- 6M
- 34.97%
- 1Y
- 101.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
8PSG.DE
- 1D
- 0.69%
- 1M
- -4.84%
- YTD
- 1.53%
- 6M
- 4.30%
- 1Y
- 31.64%
- 3Y*
- 31.51%
- 5Y*
- 18.60%
- 10Y*
- —
COPM.AS vs. 8PSG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
COPM.AS iShares Copper Miners UCITS ETF | 25.99% | 82.17% | 0.45% | 4.44% |
8PSG.DE Invesco Physical Gold ETC | 1.53% | 68.18% | 26.61% | 7.12% |
Correlation
The correlation between COPM.AS and 8PSG.DE is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.45 |
The correlation between COPM.AS and 8PSG.DE shifts across timeframes, from 0.45 (all time) to 0.59 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
COPM.AS vs. 8PSG.DE — Risk / Return Rank
COPM.AS
8PSG.DE
COPM.AS vs. 8PSG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Copper Miners UCITS ETF (COPM.AS) and Invesco Physical Gold ETC (8PSG.DE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| COPM.AS | 8PSG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.43 | ||
| Sortino ratioReturn per unit of downside risk | +1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.25 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.09 | 1.88 | +2.21 |
| Martin ratioReturn relative to average drawdown | 14.72 | 4.79 | +9.93 |
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Drawdowns
COPM.AS vs. 8PSG.DE - Drawdown Comparison
The maximum COPM.AS drawdown since its inception was -37.12%, which is greater than 8PSG.DE's maximum drawdown of -21.38%. Use the drawdown chart below to compare losses from any high point for COPM.AS and 8PSG.DE.
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Drawdown Indicators
| COPM.AS | 8PSG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.12% | -21.38% | -15.74% |
Max Drawdown (1Y)Largest decline over 1 year | -25.05% | -17.16% | -7.89% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.16% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.38% | — |
Current DrawdownCurrent decline from peak | -3.81% | -15.62% | +11.81% |
Average DrawdownAverage peak-to-trough decline | -11.53% | -6.92% | -4.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.98% | 6.75% | +0.23% |
Volatility
COPM.AS vs. 8PSG.DE - Volatility Comparison
iShares Copper Miners UCITS ETF (COPM.AS) has a higher volatility of 13.86% compared to Invesco Physical Gold ETC (8PSG.DE) at 5.66%. This indicates that COPM.AS's price experiences larger fluctuations and is considered to be riskier than 8PSG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COPM.AS | 8PSG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.86% | 5.66% | +8.20% |
Volatility (6M)Calculated over the trailing 6-month period | 31.88% | 21.07% | +10.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.25% | 24.33% | +12.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.30% | 17.32% | +16.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.30% | 17.49% | +16.81% |
COPM.AS vs. 8PSG.DE - Expense Ratio Comparison
COPM.AS has a 0.55% expense ratio, which is higher than 8PSG.DE's 0.12% expense ratio.
Dividends
COPM.AS vs. 8PSG.DE - Dividend Comparison
Neither COPM.AS nor 8PSG.DE has paid dividends to shareholders.
Frequently Asked Questions
COPM.AS and 8PSG.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 8PSG.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
8PSG.DE is cheaper with a 0.12% expense ratio, compared with 0.55% for COPM.AS.
COPM.AS is categorized as Commodity Producers Equities, while 8PSG.DE is Gold. COPM.AS tracks STOXX Global Copper Miners Index, while 8PSG.DE tracks LBMA Gold Price PM. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.55% for COPM.AS and 0.12% for 8PSG.DE.
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