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COPP.TO vs. COPX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

COPP.TO vs. COPX

Last updated Jun 24, 2026

COPP.TO (Global X Copper Producers Index ETF) and COPX (Global X Copper Miners ETF) are both Copper funds from Global X - COPP.TO tracks the Solactive North American Listed Copper Producers Index while COPX tracks the Solactive Global Copper Miners Total Return Index. Both are passively managed. Over the past 3 years, COPP.TO returned 28.96%/yr vs 34.88%/yr for COPX. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.65% expense ratio.

Performance

COPP.TO vs. COPX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Copper Producers Index ETF (COPP.TO) and Global X Copper Miners ETF (COPX). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

COPP.TO is traded in CAD, while COPX is traded in USD. To make them comparable, the COPX values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, COPP.TO achieves a 11.11% return, which is significantly lower than COPX's 14.46% return.

COPP.TO

1D
-5.77%
1M
-0.80%
YTD
11.11%
6M
9.69%
1Y
74.28%
3Y*
28.96%
5Y*
—
10Y*
—

COPX

1D
-6.48%
1M
-2.00%
YTD
14.46%
6M
13.29%
1Y
98.23%
3Y*
34.88%
5Y*
22.47%
10Y*
22.00%
*Multi-year figures are annualized to reflect compound growth (CAGR)

COPP.TO vs. COPX - Yearly Performance Comparison

2026 (YTD)2025202420232022
COPP.TO
Global X Copper Producers Index ETF		11.11%66.80%15.35%11.74%-5.03%
COPX
Global X Copper Miners ETF		14.46%84.67%12.34%5.80%6.54%

Correlation

The correlation between COPP.TO and COPX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.88

Correlation (3Y)
Calculated over the trailing 3-year period

0.77

Correlation (All Time)
Calculated using the full available price history since May 17, 2022

0.68

The correlation between COPP.TO and COPX shifts across timeframes, from 0.68 (all time) to 0.88 (1 year), reflecting how their relationship changes across market environments.

COPP.TO vs. COPX - Sectors Allocation Comparison

Sectors
COPP.TO
COPX

Basic Materials

100.0%
96.7%

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

3.3%

Real Estate

-

-

Technology

-

-

Utilities

-

-

Basic Materials

COPP.TO
100.0%
COPX
96.7%

Communication Services

COPP.TO

-

COPX

-

Consumer Cyclical

COPP.TO

-

COPX

-

Consumer Defensive

COPP.TO

-

COPX

-

Energy

COPP.TO

-

COPX

-

Financial Services

COPP.TO

-

COPX

-

Healthcare

COPP.TO

-

COPX

-

Industrials

COPP.TO

-

COPX
3.3%

Real Estate

COPP.TO

-

COPX

-

Technology

COPP.TO

-

COPX

-

Utilities

COPP.TO

-

COPX

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X Copper Producers Index ETF

Global X Copper Miners ETF

Often compared with COPP.TO:
COPP.TO vs. COPPCOPP.TO vs. SETMCOPP.TO vs. CPCC.TOCOPP.TO vs. GLDX.TOCOPP.TO vs. HLIT.TOCOPP.TO vs. NRGY.TOCOPP.TO vs. METL
Often compared with COPX:
COPX vs. CPERCOPX vs. ICOPCOPX vs. COPPCOPX vs. COPA.LCOPX vs. COPJCOPX vs. GDXCOPX vs. REMX

Return for Risk

COPP.TO vs. COPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
COPP.TO
COPP.TO Risk / Return Rank: 5252
Overall Rank
COPP.TO Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
COPP.TO Sortino Ratio Rank: 4747
Sortino Ratio Rank
COPP.TO Omega Ratio Rank: 4848
Omega Ratio Rank
COPP.TO Calmar Ratio Rank: 5858
Calmar Ratio Rank
COPP.TO Martin Ratio Rank: 5454
Martin Ratio Rank
COPX
COPX Risk / Return Rank: 6060
Overall Rank
COPX Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
COPX Sortino Ratio Rank: 5252
Sortino Ratio Rank
COPX Omega Ratio Rank: 5454
Omega Ratio Rank
COPX Calmar Ratio Rank: 6969
Calmar Ratio Rank
COPX Martin Ratio Rank: 5959
Martin Ratio Rank
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.

COPP.TO vs. COPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Copper Producers Index ETF (COPP.TO) 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.

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.

COPP.TOCOPXDifference
Sharpe ratioReturn per unit of total volatility
1.73
2.23

-0.50

Sortino ratioReturn per unit of downside risk
2.17
2.57

-0.40

Omega ratioGain probability vs. loss probability

1.29

1.34

-0.05

Calmar ratioReturn relative to maximum drawdown

2.66

3.59

-0.93

Martin ratioReturn relative to average drawdown

8.61

11.23

-2.62

COPP.TO vs. COPX - Sharpe Ratio Comparison

The current COPP.TO Sharpe Ratio is 1.73, which is comparable to the COPX Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of COPP.TO and COPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

COPP.TO vs. COPX - Drawdown Comparison

The maximum COPP.TO drawdown since its inception was -40.80%, smaller than the maximum COPX drawdown of -75.20%. Use the drawdown chart below to compare losses from any high point for COPP.TO and COPX.

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Drawdown Indicators

COPP.TOCOPXDifference

Max Drawdown

Largest peak-to-trough decline

-40.80%

-75.20%

+34.40%

Max Drawdown (1Y)

Largest decline over 1 year

-28.09%

-27.50%

-0.59%

Max Drawdown (3Y)

Largest decline over 3 years

-40.80%

-36.93%

-3.87%

Max Drawdown (5Y)

Largest decline over 5 years

—

-39.94%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-60.04%

—

Current Drawdown

Current decline from peak

-15.35%

-14.02%

-1.33%

Average Drawdown

Average peak-to-trough decline

-14.00%

-31.50%

+17.50%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.65%

8.77%

-0.12%

Volatility

COPP.TO vs. COPX - Volatility Comparison

The current volatility for Global X Copper Producers Index ETF (COPP.TO) is 17.97%, while Global X Copper Miners ETF (COPX) has a volatility of 19.19%. This indicates that COPP.TO 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

COPP.TOCOPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

17.97%

19.19%

-1.22%

Volatility (6M)

Calculated over the trailing 6-month period

37.10%

39.16%

-2.06%

Volatility (1Y)

Calculated over the trailing 1-year period

43.08%

44.24%

-1.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

38.90%

37.27%

+1.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

38.90%

36.06%

+2.84%

COPP.TO vs. COPX - Expense Ratio Comparison

Both COPP.TO and COPX have an expense ratio of 0.65%.

Dividends

COPP.TO vs. COPX - Dividend Comparison

COPP.TO's dividend yield for the trailing twelve months is around 0.16%, less than COPX's 2.42% yield.

PositionTTM20252024202320222021202020192018201720162015
COPP.TO
Global X Copper Producers Index ETF		0.16%0.18%0.19%0.73%1.19%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
COPX
Global X Copper Miners ETF		2.42%2.68%1.80%2.39%3.14%1.48%1.30%1.37%2.59%1.57%0.60%1.20%

Frequently Asked Questions

COPP.TO and COPX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

COPP.TO and COPX have the same expense ratio: 0.65% per year.

COPP.TO tracks Solactive North American Listed Copper Producers Index, while COPX tracks Solactive Global Copper Miners Total Return Index.

Portfolio Optimizer

Find the right allocation for COPP.TO and COPX

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