COPX vs. ED
COPX (Global X Copper Miners ETF) is Materials fund tracking the Solactive Global Copper Miners Total Return Index, while ED (Consolidated Edison, Inc.) is a stock. Over the past 10 years, COPX returned 21.86%/yr vs 7.01%/yr for ED. At a 0.08 correlation, their price movements are largely independent.
Performance
COPX vs. ED - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, COPX achieves a 19.75% return, which is significantly higher than ED's 10.24% return. Over the past 10 years, COPX has outperformed ED with an annualized return of 21.86%, while ED has yielded a comparatively lower 7.01% 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%
ED
- 1D
- 0.84%
- 1M
- 1.49%
- YTD
- 10.24%
- 6M
- 12.27%
- 1Y
- 7.29%
- 3Y*
- 9.08%
- 5Y*
- 10.68%
- 10Y*
- 7.01%
COPX vs. ED - 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% |
ED Consolidated Edison, Inc. | 10.24% | 15.15% | 1.55% | -1.12% | 15.65% | 22.96% | -16.99% | 22.54% | -6.62% | 19.30% |
Correlation
The correlation between COPX and ED is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2010 | 0.08 |
The correlation between COPX and ED shifts across timeframes, from -0.15 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
COPX vs. ED — Risk / Return Rank
COPX
ED
COPX vs. ED - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Copper Miners ETF (COPX) and Consolidated Edison, Inc. (ED). 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 | ED | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.08 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.75 | 0.76 | +2.99 |
| Martin ratioReturn relative to average drawdown | 11.60 | 1.59 | +10.01 |
Loading charts...
Drawdowns
COPX vs. ED - Drawdown Comparison
The maximum COPX drawdown since its inception was -83.16%, which is greater than ED's maximum drawdown of -78.90%. Use the drawdown chart below to compare losses from any high point for COPX and ED.
Loading charts...
Drawdown Indicators
| COPX | ED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.16% | -78.90% | -4.26% |
Max Drawdown (1Y)Largest decline over 1 year | -27.82% | -9.63% | -18.19% |
Max Drawdown (3Y)Largest decline over 3 years | -39.72% | -17.36% | -22.36% |
Max Drawdown (5Y)Largest decline over 5 years | -42.12% | -22.03% | -20.09% |
Max Drawdown (10Y)Largest decline over 10 years | -65.41% | -30.91% | -34.50% |
Current DrawdownCurrent decline from peak | -10.17% | -5.91% | -4.26% |
Average DrawdownAverage peak-to-trough decline | -39.28% | -13.24% | -26.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.98% | 4.59% | +4.39% |
Volatility
COPX vs. ED - Volatility Comparison
Global X Copper Miners ETF (COPX) has a higher volatility of 19.30% compared to Consolidated Edison, Inc. (ED) at 5.98%. This indicates that COPX's price experiences larger fluctuations and is considered to be riskier than ED based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| COPX | ED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.30% | 5.98% | +13.32% |
Volatility (6M)Calculated over the trailing 6-month period | 38.15% | 12.27% | +25.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.66% | 16.65% | +27.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.00% | 18.79% | +18.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.75% | 21.01% | +14.74% |
Dividends
COPX vs. ED - Dividend Comparison
COPX's dividend yield for the trailing twelve months is around 2.24%, less than ED's 3.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ED Consolidated Edison, Inc. | 3.23% | 3.42% | 3.72% | 3.56% | 3.32% | 3.63% | 4.23% | 3.27% | 3.74% | 3.25% | 3.64% | 4.05% |
Frequently Asked Questions
COPX and ED have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COPX has higher volatility (19.30%) compared to ED (5.98%). In terms of maximum drawdown, COPX dropped -83.16% vs ED's -78.90%.
COPX currently has the higher Sharpe Ratio (2.39 vs 0.44), 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.
Find the right allocation for COPX and ED
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer