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COPX vs. ESPO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

COPX vs. ESPO

Last updated Jun 13, 2026

COPX (Global X Copper Miners ETF) and ESPO (VanEck Vectors Video Gaming and eSports ETF) are both exchange-traded funds - COPX is a Materials fund tracking the Solactive Global Copper Miners Total Return Index, while ESPO is a Large Cap Growth Equities fund tracking the MVIS Global Video Gaming and eSports Index. Both are passively managed. Over the past 5 years, COPX returned 19.28%/yr vs 5.49%/yr for ESPO. A 0.51 correlation means they provide meaningful diversification when combined. COPX charges 0.65%/yr vs 0.55%/yr for ESPO.

Performance

COPX vs. ESPO - Performance Comparison

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

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Returns By Period

In the year-to-date period, COPX achieves a 19.75% return, which is significantly higher than ESPO's -15.10% 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%

ESPO

1D
-0.29%
1M
-3.31%
YTD
-15.10%
6M
-16.17%
1Y
-14.92%
3Y*
16.96%
5Y*
5.49%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

COPX vs. ESPO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
COPX
Global X Copper Miners ETF		19.75%93.50%3.57%8.38%-0.76%23.39%51.66%12.48%-9.94%
ESPO
VanEck Vectors Video Gaming and eSports ETF		-15.10%25.79%47.61%33.64%-34.71%-2.13%83.93%42.36%-12.49%

Correlation

The correlation between COPX and ESPO is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.49

Correlation (3Y)
Calculated over the trailing 3-year period

0.53

Correlation (5Y)
Calculated over the trailing 5-year period

0.51

Correlation (All Time)
Calculated using the full available price history since Oct 17, 2018

0.51

The correlation between COPX and ESPO has been stable across timeframes, ranging from 0.49 to 0.53 - a consistent structural relationship.

COPX vs. ESPO - Sectors Allocation Comparison

Sectors
COPX
ESPO

Basic Materials

96.3%

-

Industrials

3.7%

-

Communication Services

-

78.1%

Consumer Cyclical

-

13.8%

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

-

Healthcare

-

-

Real Estate

-

-

Technology

-

8.2%

Utilities

-

-

Basic Materials

COPX
96.3%
ESPO

-

Industrials

COPX
3.7%
ESPO

-

Communication Services

COPX

-

ESPO
78.1%

Consumer Cyclical

COPX

-

ESPO
13.8%

Consumer Defensive

COPX

-

ESPO

-

Energy

COPX

-

ESPO

-

Financial Services

COPX

-

ESPO

-

Healthcare

COPX

-

ESPO

-

Real Estate

COPX

-

ESPO

-

Technology

COPX

-

ESPO
8.2%

Utilities

COPX

-

ESPO

-

Compare stocks, funds, or ETFs

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Global X Copper Miners ETF

VanEck Vectors Video Gaming and eSports ETF

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Return for Risk

COPX vs. ESPO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
COPX
COPX Risk / Return Rank: 7676
Overall Rank
COPX Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
COPX Sortino Ratio Rank: 6969
Sortino Ratio Rank
COPX Omega Ratio Rank: 7070
Omega Ratio Rank
COPX Calmar Ratio Rank: 8181
Calmar Ratio Rank
COPX Martin Ratio Rank: 7272
Martin Ratio Rank
ESPO
ESPO Risk / Return Rank: 44
Overall Rank
ESPO Sharpe Ratio Rank: 33
Sharpe Ratio Rank
ESPO Sortino Ratio Rank: 44
Sortino Ratio Rank
ESPO Omega Ratio Rank: 44
Omega Ratio Rank
ESPO Calmar Ratio Rank: 55
Calmar Ratio Rank
ESPO Martin Ratio Rank: 55
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

COPX vs. ESPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Copper Miners ETF (COPX) and VanEck Vectors Video Gaming and eSports ETF (ESPO). 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.

COPXESPODifference
Sharpe ratioReturn per unit of total volatility
2.39
-0.80

+3.19

Sortino ratioReturn per unit of downside risk
2.70
-1.02

+3.72

Omega ratioGain probability vs. loss probability

1.36

0.88

+0.48

Calmar ratioReturn relative to maximum drawdown

3.75

-0.54

+4.29

Martin ratioReturn relative to average drawdown

11.60

-0.94

+12.54

COPX vs. ESPO - Sharpe Ratio Comparison

The current COPX Sharpe Ratio is 2.39, which is higher than the ESPO Sharpe Ratio of -0.80. The chart below compares the historical Sharpe Ratios of COPX and ESPO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

COPX vs. ESPO - Drawdown Comparison

The maximum COPX drawdown since its inception was -83.16%, which is greater than ESPO's maximum drawdown of -50.99%. Use the drawdown chart below to compare losses from any high point for COPX and ESPO.

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Drawdown Indicators

COPXESPODifference

Max Drawdown

Largest peak-to-trough decline

-83.16%

-50.99%

-32.17%

Max Drawdown (1Y)

Largest decline over 1 year

-27.82%

-27.81%

-0.01%

Max Drawdown (3Y)

Largest decline over 3 years

-39.72%

-27.81%

-11.91%

Max Drawdown (5Y)

Largest decline over 5 years

-42.12%

-48.33%

+6.21%

Max Drawdown (10Y)

Largest decline over 10 years

-65.41%

—

—

Current Drawdown

Current decline from peak

-10.17%

-27.19%

+17.02%

Average Drawdown

Average peak-to-trough decline

-39.28%

-15.06%

-24.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.98%

15.95%

-6.97%

Volatility

COPX vs. ESPO - Volatility Comparison

Global X Copper Miners ETF (COPX) has a higher volatility of 19.30% compared to VanEck Vectors Video Gaming and eSports ETF (ESPO) at 4.42%. This indicates that COPX's price experiences larger fluctuations and is considered to be riskier than ESPO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

COPXESPODifference

Volatility (1M)

Calculated over the trailing 1-month period

19.30%

4.42%

+14.88%

Volatility (6M)

Calculated over the trailing 6-month period

38.15%

14.67%

+23.48%

Volatility (1Y)

Calculated over the trailing 1-year period

43.66%

18.83%

+24.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

37.00%

25.10%

+11.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

35.75%

25.71%

+10.04%

COPX vs. ESPO - Expense Ratio Comparison

COPX has a 0.65% expense ratio, which is higher than ESPO's 0.55% expense ratio.

Dividends

COPX vs. ESPO - Dividend Comparison

COPX's dividend yield for the trailing twelve months is around 2.24%, more than ESPO's 1.47% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
ESPO
VanEck Vectors Video Gaming and eSports ETF		1.47%1.24%0.44%0.96%0.91%3.36%0.12%0.22%0.04%0.00%0.00%0.00%

Frequently Asked Questions

COPX and ESPO have a correlation of 0.49, 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 ESPO (4.42%). In terms of maximum drawdown, COPX dropped -83.16% vs ESPO's -50.99%.

On 5-year performance, COPX leads with 19.28% vs 5.49% for ESPO. On fees, ESPO is cheaper at 0.55% per year. On volatility, ESPO has been the lower-risk option at 4.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, COPX has performed better with a 19.28% return vs 5.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ESPO is cheaper with a 0.55% expense ratio, compared with 0.65% for COPX.

COPX has the higher dividend yield at 2.24%, compared with 1.47% for ESPO.

COPX is categorized as Materials, while ESPO is Large Cap Growth Equities. COPX tracks Solactive Global Copper Miners Total Return Index, while ESPO tracks MVIS Global Video Gaming and eSports Index. They also come from different issuers: Global X and VanEck. Their fees differ too: 0.65% for COPX and 0.55% for ESPO.

COPX currently has the higher Sharpe Ratio (2.39 vs -0.80), 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.

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