COPX.L vs. URNU.L
COPX.L (Global X Copper Miners UCITS ETF USD (Acc)) and URNU.L (Global X Uranium UCITS ETF USD Acc) are both exchange-traded funds - COPX.L is a Copper fund tracking the Solactive Global Copper Miners v2 Index, while URNU.L is a Uranium fund tracking the Solactive Global Uranium & Nuclear Components Total Return v2 Index. Both are passively managed. Over the past 3 years, COPX.L returned 27.60%/yr vs 29.18%/yr for URNU.L. A 0.55 correlation means they provide meaningful diversification when combined. COPX.L charges 0.55%/yr vs 0.65%/yr for URNU.L.
Performance
COPX.L vs. URNU.L - Performance Comparison
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Returns By Period
In the year-to-date period, COPX.L achieves a 6.60% return, which is significantly higher than URNU.L's -5.06% return.
COPX.L
- 1D
- -0.91%
- 1M
- -14.88%
- 6M
- -6.16%
- YTD
- 6.60%
- 1Y
- 77.96%
- 3Y*
- 27.60%
- 5Y*
- —
- 10Y*
- —
URNU.L
- 1D
- -2.10%
- 1M
- -16.13%
- 6M
- -22.49%
- YTD
- -5.06%
- 1Y
- 10.20%
- 3Y*
- 29.18%
- 5Y*
- —
- 10Y*
- —
COPX.L vs. URNU.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% | 34.78% |
URNU.L Global X Uranium UCITS ETF USD Acc | -5.06% | 70.50% | 1.19% | 39.91% | 9.76% |
Correlation
The correlation between COPX.L and URNU.L is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2022 | 0.55 |
The correlation between COPX.L and URNU.L has been stable across timeframes, ranging from 0.55 to 0.64 - a consistent structural relationship.
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Return for Risk
COPX.L vs. URNU.L — Risk / Return Rank
COPX.L
URNU.L
COPX.L vs. URNU.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 Uranium UCITS ETF USD Acc (URNU.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 | URNU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.56 | ||
| Sortino ratioReturn per unit of downside risk | +1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.07 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 0.31 | +2.48 |
| Martin ratioReturn relative to average drawdown | 7.24 | 0.62 | +6.62 |
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Drawdowns
COPX.L vs. URNU.L - Drawdown Comparison
The maximum COPX.L drawdown since its inception was -42.34%, which is greater than URNU.L's maximum drawdown of -38.66%. Use the drawdown chart below to compare losses from any high point for COPX.L and URNU.L.
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Drawdown Indicators
| COPX.L | URNU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.34% | -38.66% | -3.68% |
Max Drawdown (1Y)Largest decline over 1 year | -27.82% | -33.08% | +5.26% |
Max Drawdown (3Y)Largest decline over 3 years | -37.96% | -38.66% | +0.70% |
Current DrawdownCurrent decline from peak | -20.44% | -32.58% | +12.14% |
Average DrawdownAverage peak-to-trough decline | -15.44% | -11.77% | -3.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.72% | 16.37% | -5.65% |
Volatility
COPX.L vs. URNU.L - Volatility Comparison
Global X Copper Miners UCITS ETF USD (Acc) (COPX.L) has a higher volatility of 13.59% compared to Global X Uranium UCITS ETF USD Acc (URNU.L) at 10.24%. This indicates that COPX.L's price experiences larger fluctuations and is considered to be riskier than URNU.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 | URNU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.59% | 10.24% | +3.35% |
Volatility (6M)Calculated over the trailing 6-month period | 38.17% | 35.98% | +2.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.08% | 50.88% | -6.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.59% | 41.39% | -3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.59% | 41.39% | -3.80% |
COPX.L vs. URNU.L - Expense Ratio Comparison
COPX.L has a 0.55% expense ratio, which is lower than URNU.L's 0.65% expense ratio.
Dividends
COPX.L vs. URNU.L - Dividend Comparison
Neither COPX.L nor URNU.L has paid dividends to shareholders.
Frequently Asked Questions
COPX.L and URNU.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, COPX.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
COPX.L is cheaper with a 0.55% expense ratio, compared with 0.65% for URNU.L.
COPX.L is categorized as Copper, while URNU.L is Uranium. COPX.L tracks Solactive Global Copper Miners v2 Index, while URNU.L tracks Solactive Global Uranium & Nuclear Components Total Return v2 Index. Their fees differ too: 0.55% for COPX.L and 0.65% for URNU.L.
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