Correlation
The correlation between COPP and COPX is 0.41, 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.
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.
Performance
COPP vs. COPX - Performance Comparison
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Key characteristics
COPP:
-0.51
COPX:
-0.36
COPP:
-0.64
COPX:
-0.41
COPP:
0.92
COPX:
0.95
COPP:
-0.51
COPX:
-0.42
COPP:
-1.25
COPX:
-1.11
COPP:
18.21%
COPX:
14.83%
COPP:
39.80%
COPX:
37.75%
COPP:
-44.37%
COPX:
-83.16%
COPP:
-25.33%
COPX:
-20.70%
Returns By Period
In the year-to-date period, COPP achieves a 2.15% return, which is significantly lower than COPX's 7.65% return.
COPP
2.15%
6.67%
-7.97%
-19.71%
N/A
N/A
N/A
COPX
7.65%
7.96%
-2.27%
-13.24%
3.83%
24.00%
8.18%
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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 Rank
COPP
COPX
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.
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Dividends
COPP vs. COPX - Dividend Comparison
COPP's dividend yield for the trailing twelve months is around 2.53%, more than COPX's 1.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COPP Sprott Copper Miners ETF | 2.53% | 2.59% | 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 | 1.68% | 1.80% | 2.39% | 3.14% | 1.48% | 1.30% | 1.37% | 2.58% | 1.56% | 0.59% | 1.20% | 2.31% |
Drawdowns
COPP vs. COPX - Drawdown Comparison
The maximum COPP drawdown since its inception was -44.37%, 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.
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Volatility
COPP vs. COPX - Volatility Comparison
Sprott Copper Miners ETF (COPP) has a higher volatility of 7.66% compared to Global X Copper Miners ETF (COPX) at 6.40%. This indicates that COPP's price experiences larger fluctuations and is considered to be riskier than COPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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