COPX vs. COPA.L
Compare and contrast key facts about Global X Copper Miners ETF (COPX) and WisdomTree Copper (COPA.L).
COPX and COPA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. COPA.L is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg Copper. It was launched on Sep 22, 2006. Both COPX and COPA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: COPX or COPA.L.
Correlation
The correlation between COPX and COPA.L is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
COPX vs. COPA.L - Performance Comparison
Key characteristics
COPX:
-0.26
COPA.L:
0.24
COPX:
-0.11
COPA.L:
0.51
COPX:
0.99
COPA.L:
1.06
COPX:
-0.26
COPA.L:
0.21
COPX:
-0.52
COPA.L:
0.44
COPX:
19.53%
COPA.L:
14.15%
COPX:
39.19%
COPA.L:
26.02%
COPX:
-83.16%
COPA.L:
-67.45%
COPX:
-24.38%
COPA.L:
-16.10%
Returns By Period
In the year-to-date period, COPX achieves a 2.65% return, which is significantly lower than COPA.L's 18.85% return. Over the past 10 years, COPX has outperformed COPA.L with an annualized return of 7.06%, while COPA.L has yielded a comparatively lower 4.37% annualized return.
COPX
2.65%
-6.87%
-11.72%
-13.30%
25.76%
7.06%
COPA.L
18.85%
-7.84%
9.27%
6.72%
15.29%
4.37%
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COPX vs. COPA.L - Expense Ratio Comparison
COPX has a 0.65% expense ratio, which is higher than COPA.L's 0.49% expense ratio.
Risk-Adjusted Performance
COPX vs. COPA.L — Risk-Adjusted Performance Rank
COPX
COPA.L
COPX vs. COPA.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Copper Miners ETF (COPX) and WisdomTree Copper (COPA.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.
Dividends
COPX vs. COPA.L - Dividend Comparison
COPX's dividend yield for the trailing twelve months is around 1.76%, while COPA.L has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COPX Global X Copper Miners ETF | 1.76% | 1.80% | 2.39% | 3.14% | 1.48% | 1.30% | 1.37% | 2.58% | 1.56% | 0.59% | 1.20% | 2.31% |
COPA.L WisdomTree Copper | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
COPX vs. COPA.L - Drawdown Comparison
The maximum COPX drawdown since its inception was -83.16%, which is greater than COPA.L's maximum drawdown of -67.45%. Use the drawdown chart below to compare losses from any high point for COPX and COPA.L. For additional features, visit the drawdowns tool.
Volatility
COPX vs. COPA.L - Volatility Comparison
Global X Copper Miners ETF (COPX) has a higher volatility of 20.80% compared to WisdomTree Copper (COPA.L) at 12.85%. This indicates that COPX's price experiences larger fluctuations and is considered to be riskier than COPA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.