COPX.L vs. BKCG.L
COPX.L (Global X Copper Miners UCITS ETF USD (Acc)) and BKCG.L (Global X Blockchain UCITS ETF USD Accumulating) are both exchange-traded funds - COPX.L is a Copper fund tracking the Solactive Global Copper Miners v2 Index, while BKCG.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 3 years, COPX.L returned 27.60%/yr vs 24.00%/yr for BKCG.L. At a 0.40 correlation, their price movements are largely independent. COPX.L charges 0.55%/yr vs 0.50%/yr for BKCG.L.
Performance
COPX.L vs. BKCG.L - Performance Comparison
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Different Trading Currencies
COPX.L is traded in USD, while BKCG.L is traded in GBP. To make them comparable, the BKCG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with COPX.L having a 6.60% return and BKCG.L slightly higher at 6.65%.
COPX.L
- 1D
- -0.91%
- 1M
- -14.88%
- 6M
- -6.16%
- YTD
- 6.60%
- 1Y
- 77.96%
- 3Y*
- 27.60%
- 5Y*
- —
- 10Y*
- —
BKCG.L
- 1D
- 0.00%
- 1M
- -22.76%
- 6M
- -16.29%
- YTD
- 6.65%
- 1Y
- 27.92%
- 3Y*
- 24.00%
- 5Y*
- —
- 10Y*
- —
COPX.L vs. BKCG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
COPX.L Global X Copper Miners UCITS ETF USD (Acc) | 6.60% | 95.08% | 2.12% | 9.04% | -1.57% |
BKCG.L Global X Blockchain UCITS ETF USD Accumulating | 6.65% | 32.45% | 5.20% | 329.79% | -79.76% |
Correlation
The correlation between COPX.L and BKCG.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2022 | 0.40 |
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Return for Risk
COPX.L vs. BKCG.L — Risk / Return Rank
COPX.L
BKCG.L
COPX.L vs. BKCG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Copper Miners UCITS ETF USD (Acc) (COPX.L) and Global X Blockchain UCITS ETF USD Accumulating (BKCG.L). 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.
| COPX.L | BKCG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.12 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 0.51 | +2.27 |
| Martin ratioReturn relative to average drawdown | 7.24 | 0.88 | +6.36 |
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Drawdowns
COPX.L vs. BKCG.L - Drawdown Comparison
The maximum COPX.L drawdown since its inception was -42.34%, smaller than the maximum BKCG.L drawdown of -84.44%. Use the drawdown chart below to compare losses from any high point for COPX.L and BKCG.L.
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Drawdown Indicators
| COPX.L | BKCG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.34% | -84.44% | +42.10% |
Max Drawdown (1Y)Largest decline over 1 year | -27.82% | -54.70% | +26.88% |
Max Drawdown (3Y)Largest decline over 3 years | -37.96% | -57.47% | +19.51% |
Current DrawdownCurrent decline from peak | -20.44% | -41.40% | +20.96% |
Average DrawdownAverage peak-to-trough decline | -15.44% | -45.17% | +29.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.72% | 31.73% | -21.01% |
Volatility
COPX.L vs. BKCG.L - Volatility Comparison
The current volatility for Global X Copper Miners UCITS ETF USD (Acc) (COPX.L) is 13.59%, while Global X Blockchain UCITS ETF USD Accumulating (BKCG.L) has a volatility of 14.73%. This indicates that COPX.L experiences smaller price fluctuations and is considered to be less risky than BKCG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COPX.L | BKCG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.59% | 14.73% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 38.17% | 47.17% | -9.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.08% | 70.58% | -26.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.59% | 75.82% | -38.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.59% | 75.82% | -38.23% |
COPX.L vs. BKCG.L - Expense Ratio Comparison
COPX.L has a 0.55% expense ratio, which is higher than BKCG.L's 0.50% expense ratio.
Dividends
COPX.L vs. BKCG.L - Dividend Comparison
Neither COPX.L nor BKCG.L has paid dividends to shareholders.
Frequently Asked Questions
COPX.L and BKCG.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BKCG.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BKCG.L is cheaper with a 0.50% expense ratio, compared with 0.55% for COPX.L.
COPX.L is categorized as Copper, while BKCG.L is Technology Equities. COPX.L tracks Solactive Global Copper Miners v2 Index, while BKCG.L tracks MSCI World/Information Tech NR USD. Their fees differ too: 0.55% for COPX.L and 0.50% for BKCG.L.
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