COPX vs. COPP
Compare and contrast key facts about Global X Copper Miners ETF (COPX) and Sprott Copper Miners ETF (COPP).
COPX and COPP 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. COPP is a passively managed fund by Sprott that tracks the performance of the Nasdaq Sprott Copper Miners Index - Benchmark TR Net. It was launched on Mar 4, 2024. Both COPX and COPP 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 COPP.
Correlation
The correlation between COPX and COPP is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
COPX vs. COPP - Performance Comparison
Key characteristics
COPX:
-0.26
COPP:
-0.36
COPX:
-0.11
COPP:
-0.26
COPX:
0.99
COPP:
0.97
COPX:
-0.26
COPP:
-0.33
COPX:
-0.52
COPP:
-0.71
COPX:
19.53%
COPP:
20.68%
COPX:
39.19%
COPP:
41.06%
COPX:
-83.16%
COPP:
-44.37%
COPX:
-24.38%
COPP:
-28.24%
Returns By Period
In the year-to-date period, COPX achieves a 2.65% return, which is significantly higher than COPP's -1.83% return.
COPX
2.65%
-6.87%
-11.72%
-13.30%
25.76%
7.06%
COPP
-1.83%
-6.35%
-16.89%
-17.85%
N/A
N/A
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COPX vs. COPP - Expense Ratio Comparison
Both COPX and COPP have an expense ratio of 0.65%.
Risk-Adjusted Performance
COPX vs. COPP — Risk-Adjusted Performance Rank
COPX
COPP
COPX vs. COPP - Risk-Adjusted Performance 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.
Dividends
COPX vs. COPP - Dividend Comparison
COPX's dividend yield for the trailing twelve months is around 1.76%, less than COPP's 2.64% yield.
| 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% |
COPP Sprott Copper Miners ETF | 2.64% | 2.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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. For additional features, visit the drawdowns tool.
Volatility
COPX vs. COPP - Volatility Comparison
The current volatility for Global X Copper Miners ETF (COPX) is 20.80%, while Sprott Copper Miners ETF (COPP) has a volatility of 23.88%. This indicates that COPX experiences smaller price fluctuations and is considered to be less risky than COPP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.