COPP.TO vs. CS.TO

Last updated Jun 25, 2026

COPP.TO (Global X Copper Producers Index ETF) is Copper fund tracking the Solactive North American Listed Copper Producers Index, while CS.TO (Capstone Copper Corp.) is a stock. Over the past 3 years, COPP.TO returned 26.64%/yr vs 31.25%/yr for CS.TO. A 0.68 correlation means they provide meaningful diversification when combined.

Performance

COPP.TO vs. CS.TO - 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 Capstone Copper Corp. (CS.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COPP.TO achieves a 5.24% return, which is significantly higher than CS.TO's -6.31% return.

COPP.TO

• 1D: -5.28%
• 1M: -10.68%
• YTD: 5.24%
• 6M: 4.52%
• 1Y: 63.17%
• 3Y*: 26.64%
• 5Y*: —
• 10Y*: —

CS.TO

• 1D: -6.11%
• 1M: -8.76%
• YTD: -6.31%
• 6M: -5.49%
• 1Y: 64.04%
• 3Y*: 31.25%
• 5Y*: 19.44%
• 10Y*: 33.84%

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

COPP.TO vs. CS.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
COPP.TO Global X Copper Producers Index ETF	5.24%	66.80%	15.35%	11.74%	-5.03%
CS.TO Capstone Copper Corp.	-6.31%	55.01%	37.83%	30.57%	3.78%

Correlation

The correlation between COPP.TO and CS.TO is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (All Time) Calculated using the full available price history since May 17, 2022	0.68

The correlation between COPP.TO and CS.TO shifts across timeframes, from 0.68 (all time) to 0.84 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

COPP.TO vs. CS.TO — 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: 47
COPP.TO Sharpe Ratio Rank: 47
COPP.TO Sortino Ratio Rank: 42
COPP.TO Omega Ratio Rank: 43
COPP.TO Calmar Ratio Rank: 52
COPP.TO Martin Ratio Rank: 48

CS.TO

CS.TO Risk / Return Rank: 72
CS.TO Sharpe Ratio Rank: 75
CS.TO Sortino Ratio Rank: 70
CS.TO Omega Ratio Rank: 69
CS.TO Calmar Ratio Rank: 71
CS.TO Martin Ratio Rank: 72

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. CS.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Copper Producers Index ETF (COPP.TO) and Capstone Copper Corp. (CS.TO). 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.TO	CS.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.46	1.06	+0.40
Sortino ratio: Return per unit of downside risk	1.93	1.64	+0.28
Omega ratio: Gain probability vs. loss probability	1.25	1.21	+0.05
Calmar ratio: Return relative to maximum drawdown	2.26	1.49	+0.77
Martin ratio: Return relative to average drawdown	7.25	3.79	+3.46

COPP.TO vs. CS.TO - Sharpe Ratio Comparison

The current COPP.TO Sharpe Ratio is 1.46, which is higher than the CS.TO Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of COPP.TO and CS.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

COPP.TO vs. CS.TO - Drawdown Comparison

The maximum COPP.TO drawdown since its inception was -40.80%, smaller than the maximum CS.TO drawdown of -94.14%. Use the drawdown chart below to compare losses from any high point for COPP.TO and CS.TO.

Drawdown Indicators

	COPP.TO	CS.TO	Difference
Max Drawdown Largest peak-to-trough decline	-40.80%	-94.14%	+53.34%
Max Drawdown (1Y) Largest decline over 1 year	-28.09%	-43.28%	+15.19%
Max Drawdown (3Y) Largest decline over 3 years	-40.80%	-52.05%	+11.25%
Max Drawdown (5Y) Largest decline over 5 years	—	-69.39%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-80.23%	—
Current Drawdown Current decline from peak	-19.83%	-22.51%	+2.68%
Average Drawdown Average peak-to-trough decline	-14.01%	-45.43%	+31.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.74%	16.97%	-8.23%

Volatility

COPP.TO vs. CS.TO - Volatility Comparison

The current volatility for Global X Copper Producers Index ETF (COPP.TO) is 18.69%, while Capstone Copper Corp. (CS.TO) has a volatility of 22.52%. This indicates that COPP.TO experiences smaller price fluctuations and is considered to be less risky than CS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COPP.TO	CS.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.69%	22.52%	-3.83%
Volatility (6M) Calculated over the trailing 6-month period	37.43%	48.12%	-10.69%
Volatility (1Y) Calculated over the trailing 1-year period	43.42%	60.48%	-17.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.97%	56.85%	-17.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.97%	58.85%	-19.88%

Dividends

COPP.TO vs. CS.TO - Dividend Comparison

COPP.TO's dividend yield for the trailing twelve months is around 0.17%, while CS.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
COPP.TO Global X Copper Producers Index ETF	0.17%	0.18%	0.19%	0.73%	1.19%
CS.TO Capstone Copper Corp.	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both COPP.TO and CS.TO in my portfolio?

COPP.TO and CS.TO have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.