COPX vs. AMEL.DE
COPX (Global X Copper Miners ETF) and AMEL.DE (Amundi MSCI Emerging Markets Latin America UCITS ETF EUR) are both exchange-traded funds - COPX is a Materials fund tracking the Solactive Global Copper Miners Total Return Index, while AMEL.DE is a Latin America Equities fund tracking the MSCI Emerging Markets Latin America. Both are passively managed. Over the past 10 years, COPX returned 21.86%/yr vs 8.40%/yr for AMEL.DE. A 0.52 correlation means they provide meaningful diversification when combined. COPX charges 0.65%/yr vs 0.20%/yr for AMEL.DE.
Performance
COPX vs. AMEL.DE - Performance Comparison
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Different Trading Currencies
COPX is traded in USD, while AMEL.DE is traded in EUR. To make them comparable, the AMEL.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, COPX achieves a 19.75% return, which is significantly higher than AMEL.DE's 12.08% return. Over the past 10 years, COPX has outperformed AMEL.DE with an annualized return of 21.86%, while AMEL.DE has yielded a comparatively lower 8.40% annualized return.
COPX
- 1D
- 3.38%
- 1M
- -6.46%
- YTD
- 19.75%
- 6M
- 29.13%
- 1Y
- 103.76%
- 3Y*
- 33.96%
- 5Y*
- 19.28%
- 10Y*
- 21.86%
AMEL.DE
- 1D
- 3.19%
- 1M
- -4.27%
- YTD
- 12.08%
- 6M
- 13.03%
- 1Y
- 37.41%
- 3Y*
- 12.87%
- 5Y*
- 9.14%
- 10Y*
- 8.40%
COPX vs. AMEL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COPX Global X Copper Miners ETF | 19.75% | 93.50% | 3.57% | 8.38% | -0.76% | 23.39% | 51.66% | 12.48% | -31.31% | 38.92% |
AMEL.DE Amundi MSCI Emerging Markets Latin America UCITS ETF EUR | 12.08% | 55.85% | -26.65% | 32.20% | 9.92% | -10.88% | -13.56% | 18.15% | -7.84% | 23.44% |
Correlation
The correlation between COPX and AMEL.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2011 | 0.52 |
The correlation between COPX and AMEL.DE has been stable across timeframes, ranging from 0.50 to 0.56 - a consistent structural relationship.
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Return for Risk
COPX vs. AMEL.DE — Risk / Return Rank
COPX
AMEL.DE
COPX vs. AMEL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Copper Miners ETF (COPX) and Amundi MSCI Emerging Markets Latin America UCITS ETF EUR (AMEL.DE). 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 | AMEL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.30 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.75 | 2.46 | +1.29 |
| Martin ratioReturn relative to average drawdown | 11.60 | 7.76 | +3.84 |
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Drawdowns
COPX vs. AMEL.DE - Drawdown Comparison
The maximum COPX drawdown since its inception was -83.16%, which is greater than AMEL.DE's maximum drawdown of -61.57%. Use the drawdown chart below to compare losses from any high point for COPX and AMEL.DE.
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Drawdown Indicators
| COPX | AMEL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.16% | -61.57% | -21.59% |
Max Drawdown (1Y)Largest decline over 1 year | -27.82% | -15.11% | -12.71% |
Max Drawdown (3Y)Largest decline over 3 years | -39.72% | -27.01% | -12.71% |
Max Drawdown (5Y)Largest decline over 5 years | -42.12% | -28.52% | -13.60% |
Max Drawdown (10Y)Largest decline over 10 years | -65.41% | -54.94% | -10.47% |
Current DrawdownCurrent decline from peak | -10.17% | -10.20% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -39.28% | -26.35% | -12.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.98% | 4.81% | +4.17% |
Volatility
COPX vs. AMEL.DE - Volatility Comparison
Global X Copper Miners ETF (COPX) has a higher volatility of 19.30% compared to Amundi MSCI Emerging Markets Latin America UCITS ETF EUR (AMEL.DE) at 7.31%. This indicates that COPX's price experiences larger fluctuations and is considered to be riskier than AMEL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COPX | AMEL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.30% | 7.31% | +11.99% |
Volatility (6M)Calculated over the trailing 6-month period | 38.15% | 17.46% | +20.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.66% | 20.54% | +23.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.00% | 22.51% | +14.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.75% | 26.29% | +9.46% |
COPX vs. AMEL.DE - Expense Ratio Comparison
COPX has a 0.65% expense ratio, which is higher than AMEL.DE's 0.20% expense ratio.
Dividends
COPX vs. AMEL.DE - Dividend Comparison
COPX's dividend yield for the trailing twelve months is around 2.24%, while AMEL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMEL.DE Amundi MSCI Emerging Markets Latin America UCITS ETF EUR | 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 | 2.24% | 2.68% | 1.80% | 2.39% | 3.14% | 1.48% | 1.30% | 1.37% | 2.59% | 1.57% | 0.60% | 1.20% |
Frequently Asked Questions
COPX and AMEL.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMEL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMEL.DE is cheaper with a 0.20% expense ratio, compared with 0.65% for COPX.
COPX is categorized as Materials, while AMEL.DE is Latin America Equities. COPX tracks Solactive Global Copper Miners Total Return Index, while AMEL.DE tracks MSCI Emerging Markets Latin America. They also come from different issuers: Global X and Amundi. Their fees differ too: 0.65% for COPX and 0.20% for AMEL.DE.
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