COPX vs. FTRI
Compare and contrast key facts about Global X Copper Miners ETF (COPX) and First Trust Indxx Global Natural Resources Income ETF (FTRI).
COPX and FTRI 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. FTRI is a passively managed fund by First Trust that tracks the performance of the Indxx Global Natural Resources Income Index. It was launched on Mar 11, 2010. Both COPX and FTRI 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 FTRI.
Key characteristics
| COPX | FTRI | |
|---|---|---|
| YTD Return | 12.20% | 0.63% |
| 1Y Return | 31.71% | 8.83% |
| 3Y Return (Ann) | 6.05% | 5.72% |
| 5Y Return (Ann) | 20.65% | 8.37% |
| 10Y Return (Ann) | 7.32% | 0.45% |
| Sharpe Ratio | 0.97 | 0.57 |
| Sortino Ratio | 1.48 | 0.88 |
| Omega Ratio | 1.18 | 1.11 |
| Calmar Ratio | 1.03 | 0.17 |
| Martin Ratio | 2.77 | 2.22 |
| Ulcer Index | 11.68% | 4.32% |
| Daily Std Dev | 33.52% | 16.78% |
| Max Drawdown | -83.16% | -79.58% |
| Current Drawdown | -20.19% | -50.78% |
Correlation
The correlation between COPX and FTRI is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
COPX vs. FTRI - Performance Comparison
In the year-to-date period, COPX achieves a 12.20% return, which is significantly higher than FTRI's 0.63% return. Over the past 10 years, COPX has outperformed FTRI with an annualized return of 7.32%, while FTRI has yielded a comparatively lower 0.45% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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COPX vs. FTRI - Expense Ratio Comparison
COPX has a 0.65% expense ratio, which is lower than FTRI's 0.70% expense ratio.
Risk-Adjusted Performance
COPX vs. FTRI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Copper Miners ETF (COPX) and First Trust Indxx Global Natural Resources Income ETF (FTRI). 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. FTRI - Dividend Comparison
COPX's dividend yield for the trailing twelve months is around 1.31%, less than FTRI's 5.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COPX Global X Copper Miners ETF | 1.31% | 2.39% | 3.14% | 1.48% | 1.30% | 1.37% | 2.58% | 1.56% | 0.59% | 1.20% | 2.31% | 0.70% |
FTRI First Trust Indxx Global Natural Resources Income ETF | 5.33% | 6.57% | 8.37% | 6.59% | 3.63% | 6.27% | 4.24% | 3.60% | 2.96% | 1.21% | 3.30% | 2.19% |
Drawdowns
COPX vs. FTRI - Drawdown Comparison
The maximum COPX drawdown since its inception was -83.16%, roughly equal to the maximum FTRI drawdown of -79.58%. Use the drawdown chart below to compare losses from any high point for COPX and FTRI. For additional features, visit the drawdowns tool.
Volatility
COPX vs. FTRI - Volatility Comparison
Global X Copper Miners ETF (COPX) has a higher volatility of 11.17% compared to First Trust Indxx Global Natural Resources Income ETF (FTRI) at 4.25%. This indicates that COPX's price experiences larger fluctuations and is considered to be riskier than FTRI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.