COPX vs. COPP

Last updated Aug 2, 2026

COPX (Global X Copper Miners ETF) and COPP (Sprott Copper Miners ETF) are both Copper funds - COPX tracks the Solactive Global Copper Miners Total Return Index while COPP tracks the Nasdaq Sprott Copper Miners Index. Both are passively managed. Over the past year, COPX returned 89.44% vs 82.28% for COPP. Their 0.96 correlation means they have historically moved very closely together. Both charge a 0.65% expense ratio.

Performance

COPX vs. COPP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Copper Miners ETF (COPX) and Sprott Copper Miners ETF (COPP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with COPX having a 10.22% return and COPP slightly higher at 10.34%.

COPX

• 1D: -0.81%
• 1M: 2.88%
• 6M: -6.70%
• YTD: 10.22%
• 1Y: 89.44%
• 3Y*: 27.01%
• 5Y*: 18.54%
• 10Y*: 18.83%
• ALL TIME*: 5.76%

COPP

• 1D: -1.26%
• 1M: 1.53%
• 6M: -3.95%
• YTD: 10.34%
• 1Y: 82.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 33.52%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
COPP Sprott Copper Miners ETF	$2.68M	$3.51M	$5.40M
COPX Global X Copper Miners ETF	$193.89M	$197.23M	$300.83M

COPX vs. COPP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
COPX Global X Copper Miners ETF	10.22%	93.50%	7.94%
COPP Sprott Copper Miners ETF	10.34%	74.02%	4.25%

Correlation

The correlation between COPX and COPP is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.96
Correlation (All Time) Calculated using the full available price history since Mar 6, 2024	0.96

The correlation between COPX and COPP has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.

COPX vs. COPP - Sectors Allocation Comparison

Sectors	COPX	COPP
Basic Materials	96.9%	99.1%
Industrials	3.1%	0.1%
Communication Services	-	0.1%
Consumer Cyclical	-	0.1%
Consumer Defensive	-	0.1%
Energy	-	0.1%
Financial Services	-	0.3%
Healthcare	-	0.1%
Real Estate	-	0.0%
Technology	-	0.1%
Utilities	-	0.0%

Return for Risk

COPX vs. COPP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

COPX

COPX Risk / Return Rank: 76
COPX Sharpe Ratio Rank: 84
COPX Sortino Ratio Rank: 73
COPX Omega Ratio Rank: 73
COPX Calmar Ratio Rank: 84
COPX Martin Ratio Rank: 66

COPP

COPP Risk / Return Rank: 72
COPP Sharpe Ratio Rank: 78
COPP Sortino Ratio Rank: 69
COPP Omega Ratio Rank: 67
COPP Calmar Ratio Rank: 79
COPP Martin Ratio Rank: 66

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

COPX vs. COPP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Copper Miners ETF (COPX) and Sprott Copper Miners ETF (COPP). 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	COPP	Difference
Sharpe ratio: Return per unit of total volatility	1.94	1.78	+0.16
Sortino ratio: Return per unit of downside risk	2.33	2.24	+0.09
Omega ratio: Gain probability vs. loss probability	1.30	1.28	+0.02
Calmar ratio: Return relative to maximum drawdown	3.18	2.82	+0.36
Martin ratio: Return relative to average drawdown	7.96	7.98	-0.02

COPX vs. COPP - Sharpe Ratio Comparison

The current COPX Sharpe Ratio is 1.94, which is comparable to the COPP Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of COPX and COPP, 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 vs. COPP - Drawdown Comparison

The maximum COPX drawdown since its inception was -83.16%, which is greater than COPP's maximum drawdown of -44.37%. Use the drawdown chart below to compare losses from any high point for COPX and COPP.

Drawdown Indicators

	COPX	COPP	Difference
Max Drawdown Largest peak-to-trough decline	-83.16%	-44.37%	-38.79%
Max Drawdown (1Y) Largest decline over 1 year	-27.82%	-28.91%	+1.09%
Max Drawdown (3Y) Largest decline over 3 years	-39.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-42.12%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-65.41%	—	—
Current Drawdown Current decline from peak	-17.32%	-15.95%	-1.37%
Average Drawdown Average peak-to-trough decline	-39.11%	-14.06%	-25.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.11%	10.21%	+0.90%

Volatility

COPX vs. COPP - Volatility Comparison

Global X Copper Miners ETF (COPX) and Sprott Copper Miners ETF (COPP) have volatilities of 13.58% and 12.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COPX	COPP	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.58%	12.99%	+0.59%
Volatility (6M) Calculated over the trailing 6-month period	39.74%	39.81%	-0.07%
Volatility (1Y) Calculated over the trailing 1-year period	45.77%	45.99%	-0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.28%	41.68%	-4.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.87%	41.68%	-5.81%

COPX vs. COPP - Expense Ratio Comparison

Both COPX and COPP have an expense ratio of 0.65%.

Dividends

COPX vs. COPP - Dividend Comparison

COPX's dividend yield for the trailing twelve months is around 2.45%, more than COPP's 2.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COPP Sprott Copper Miners ETF	2.14%	2.37%	2.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
COPX Global X Copper Miners ETF	2.45%	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

Can I hold both COPX and COPP in my portfolio?

With a correlation of 0.96, COPX and COPP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, COPX or COPP?

COPX has higher volatility (13.58%) compared to COPP (12.99%). In terms of maximum drawdown, COPX dropped -83.16% vs COPP's -44.37%.

Which ETF is better, COPX or COPP?

On 1-year performance, COPX leads with 89.44% vs 82.28% for COPP. Both ETFs have the same 0.65% expense ratio. On volatility, COPP has been the lower-risk option at 12.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COPX or COPP?

Over the 1-year period, COPX has performed better with a 89.44% return vs 82.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COPX or COPP?

COPX and COPP have the same expense ratio: 0.65% per year.

Which ETF pays a higher dividend yield, COPX or COPP?

COPX has the higher dividend yield at 2.45%, compared with 2.14% for COPP.

What is the main difference between COPX and COPP?

COPX tracks Solactive Global Copper Miners Total Return Index, while COPP tracks Nasdaq Sprott Copper Miners Index. They also come from different issuers: Global X and Sprott.

Which has better risk-adjusted returns?

COPX currently has the higher Sharpe Ratio (1.94 vs 1.78), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.