COPX.L vs. ISAG.L

Last updated Jul 21, 2026

COPX.L (Global X Copper Miners UCITS ETF USD (Acc)) and ISAG.L (iShares Agribusiness UCITS ETF USD (Acc)) are both exchange-traded funds - COPX.L is a Copper fund tracking the Solactive Global Copper Miners v2 Index, while ISAG.L is a Commodity Producers Equities fund tracking the S&P Commodity Producers Agribusiness Index NTR. Both are passively managed. Over the past 3 years, COPX.L returned 26.31%/yr vs 4.98%/yr for ISAG.L. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 0.55% expense ratio.

Performance

COPX.L vs. ISAG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Copper Miners UCITS ETF USD (Acc) (COPX.L) and iShares Agribusiness UCITS ETF USD (Acc) (ISAG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COPX.L achieves a 2.54% return, which is significantly lower than ISAG.L's 12.93% return.

COPX.L

• 1D: 0.49%
• 1M: -12.91%
• 6M: -9.66%
• YTD: 2.54%
• 1Y: 71.83%
• 3Y*: 26.31%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.42%

ISAG.L

• 1D: 0.09%
• 1M: 4.59%
• 6M: 6.84%
• YTD: 12.93%
• 1Y: 15.89%
• 3Y*: 4.98%
• 5Y*: 4.77%
• 10Y*: 7.42%
• ALL TIME*: 5.60%

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

COPX.L vs. ISAG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
COPX.L Global X Copper Miners UCITS ETF USD (Acc)	2.54%	95.08%	2.12%	9.04%	0.56%	2.02%
ISAG.L iShares Agribusiness UCITS ETF USD (Acc)	12.93%	16.78%	-5.66%	-8.90%	2.73%	0.95%

Correlation

The correlation between COPX.L and ISAG.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (All Time) Calculated using the full available price history since Nov 22, 2021	0.52

The correlation between COPX.L and ISAG.L shifts across timeframes, from 0.32 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.

COPX.L vs. ISAG.L - Sectors Allocation Comparison

Sectors	COPX.L	ISAG.L
Basic Materials	96.9%	36.2%
Industrials	3.1%	17.2%
Communication Services	-	-
Consumer Cyclical	-	0.5%
Consumer Defensive	-	45.4%
Energy	-	-
Financial Services	-	-
Healthcare	-	0.7%
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

COPX.L vs. ISAG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COPX.L

COPX.L Risk / Return Rank: 62
COPX.L Sharpe Ratio Rank: 67
COPX.L Sortino Ratio Rank: 62
COPX.L Omega Ratio Rank: 56
COPX.L Calmar Ratio Rank: 70
COPX.L Martin Ratio Rank: 52

ISAG.L

ISAG.L Risk / Return Rank: 43
ISAG.L Sharpe Ratio Rank: 44
ISAG.L Sortino Ratio Rank: 47
ISAG.L Omega Ratio Rank: 43
ISAG.L Calmar Ratio Rank: 41
ISAG.L Martin Ratio Rank: 38

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.

COPX.L vs. ISAG.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 iShares Agribusiness UCITS ETF USD (Acc) (ISAG.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	ISAG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.62	1.17	+0.44
Sortino ratio: Return per unit of downside risk	2.18	1.82	+0.36
Omega ratio: Gain probability vs. loss probability	1.26	1.21	+0.05
Calmar ratio: Return relative to maximum drawdown	2.57	1.56	+1.01
Martin ratio: Return relative to average drawdown	6.55	4.35	+2.20

COPX.L vs. ISAG.L - Sharpe Ratio Comparison

The current COPX.L Sharpe Ratio is 1.62, which is higher than the ISAG.L Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of COPX.L and ISAG.L, 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

COPX.L vs. ISAG.L - Drawdown Comparison

The maximum COPX.L drawdown since its inception was -42.34%, which is greater than ISAG.L's maximum drawdown of -37.16%. Use the drawdown chart below to compare losses from any high point for COPX.L and ISAG.L.

Drawdown Indicators

	COPX.L	ISAG.L	Difference
Max Drawdown Largest peak-to-trough decline	-42.34%	-37.16%	-5.18%
Max Drawdown (1Y) Largest decline over 1 year	-27.82%	-10.17%	-17.65%
Max Drawdown (3Y) Largest decline over 3 years	-37.96%	-19.13%	-18.83%
Max Drawdown (5Y) Largest decline over 5 years	—	-33.22%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.16%	—
Current Drawdown Current decline from peak	-23.47%	-6.24%	-17.23%
Average Drawdown Average peak-to-trough decline	-15.46%	-10.38%	-5.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.93%	3.65%	+7.28%

Volatility

COPX.L vs. ISAG.L - Volatility Comparison

Global X Copper Miners UCITS ETF USD (Acc) (COPX.L) has a higher volatility of 13.22% compared to iShares Agribusiness UCITS ETF USD (Acc) (ISAG.L) at 2.41%. This indicates that COPX.L's price experiences larger fluctuations and is considered to be riskier than ISAG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COPX.L	ISAG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.22%	2.41%	+10.81%
Volatility (6M) Calculated over the trailing 6-month period	38.19%	10.27%	+27.92%
Volatility (1Y) Calculated over the trailing 1-year period	44.32%	13.50%	+30.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.60%	17.57%	+20.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.60%	17.84%	+19.76%

COPX.L vs. ISAG.L - Expense Ratio Comparison

Both COPX.L and ISAG.L have an expense ratio of 0.55%.

Dividends

COPX.L vs. ISAG.L - Dividend Comparison

Neither COPX.L nor ISAG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both COPX.L and ISAG.L in my portfolio?

COPX.L and ISAG.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, COPX.L or ISAG.L?

Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COPX.L or ISAG.L?

COPX.L and ISAG.L have the same expense ratio: 0.55% per year.

What is the main difference between COPX.L and ISAG.L?

COPX.L is categorized as Copper, while ISAG.L is Commodity Producers Equities. COPX.L tracks Solactive Global Copper Miners v2 Index, while ISAG.L tracks S&P Commodity Producers Agribusiness Index NTR. They also come from different issuers: Global X and iShares.