COPX vs. BHP
Compare and contrast key facts about Global X Copper Miners ETF (COPX) and BHP Group (BHP).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: COPX or BHP.
Key characteristics
| COPX | BHP | |
|---|---|---|
| YTD Return | 32.56% | -11.77% |
| 1Y Return | 33.04% | 4.18% |
| 3Y Return (Ann) | 8.37% | 0.74% |
| 5Y Return (Ann) | 23.02% | 11.10% |
| 10Y Return (Ann) | 7.40% | 5.55% |
| Sharpe Ratio | 1.33 | 0.25 |
| Daily Std Dev | 28.00% | 25.42% |
| Max Drawdown | -83.16% | -75.95% |
| Current Drawdown | 0.00% | -12.51% |
Correlation
The correlation between COPX and BHP is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
COPX vs. BHP - Performance Comparison
In the year-to-date period, COPX achieves a 32.56% return, which is significantly higher than BHP's -11.77% return. Over the past 10 years, COPX has outperformed BHP with an annualized return of 7.40%, while BHP has yielded a comparatively lower 5.55% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
COPX vs. BHP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Copper Miners ETF (COPX) and BHP Group (BHP). 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.
Dividends
COPX vs. BHP - Dividend Comparison
COPX's dividend yield for the trailing twelve months is around 1.80%, less than BHP's 5.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COPX Global X Copper Miners ETF | 1.80% | 2.39% | 3.14% | 1.48% | 1.30% | 1.37% | 2.59% | 1.57% | 0.60% | 1.20% | 2.31% | 0.71% |
BHP BHP Group | 5.17% | 4.98% | 10.27% | 9.98% | 3.67% | 8.59% | 4.89% | 3.61% | 1.68% | 9.32% | 5.11% | 3.40% |
Drawdowns
COPX vs. BHP - Drawdown Comparison
The maximum COPX drawdown since its inception was -83.16%, which is greater than BHP's maximum drawdown of -75.95%. Use the drawdown chart below to compare losses from any high point for COPX and BHP. For additional features, visit the drawdowns tool.
Volatility
COPX vs. BHP - Volatility Comparison
Global X Copper Miners ETF (COPX) has a higher volatility of 8.94% compared to BHP Group (BHP) at 8.02%. This indicates that COPX's price experiences larger fluctuations and is considered to be riskier than BHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.