COPP vs. COPX
Compare and contrast key facts about Sprott Copper Miners ETF (COPP) and Global X Copper Miners ETF (COPX).
COPP and COPX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. COPP is a passively managed fund by Sprott that tracks the performance of the Nasdaq Sprott Copper Miners Index - Benchmark TR Net. It was launched on Mar 4, 2024. COPX is a passively managed fund by Global X that tracks the performance of the Solactive Global Copper Miners Index. It was launched on Apr 19, 2010. Both COPP and COPX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: COPP or COPX.
Key characteristics
| COPP | COPX | |
|---|---|---|
| Daily Std Dev | 34.50% | 31.14% |
| Max Drawdown | -25.15% | -83.16% |
| Current Drawdown | -19.78% | -21.29% |
Correlation
The correlation between COPP and COPX is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
COPP vs. COPX - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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COPP vs. COPX - Expense Ratio Comparison
Both COPP and COPX have an expense ratio of 0.65%.
Risk-Adjusted Performance
COPP vs. COPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Copper Miners ETF (COPP) 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.
Not enough dataDividends
COPP vs. COPX - Dividend Comparison
COPP has not paid dividends to shareholders, while COPX's dividend yield for the trailing twelve months is around 1.33%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COPP Sprott Copper Miners ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
COPX Global X Copper Miners ETF | 1.33% | 2.39% | 3.14% | 1.48% | 1.30% | 1.37% | 2.59% | 1.57% | 0.60% | 1.20% | 2.31% | 0.71% |
Drawdowns
COPP vs. COPX - Drawdown Comparison
The maximum COPP drawdown since its inception was -25.15%, smaller than the maximum COPX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for COPP and COPX. For additional features, visit the drawdowns tool.
Volatility
COPP vs. COPX - Volatility Comparison
The current volatility for Sprott Copper Miners ETF (COPP) is 11.28%, while Global X Copper Miners ETF (COPX) has a volatility of 12.02%. This indicates that COPP 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.