COPX vs. FXZ
Compare and contrast key facts about Global X Copper Miners ETF (COPX) and First Trust Materials AlphaDEX Fund (FXZ).
COPX and FXZ 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. FXZ is a passively managed fund by First Trust that tracks the performance of the StrataQuant Materials Index. It was launched on May 8, 2007. Both COPX and FXZ 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 FXZ.
Key characteristics
| COPX | FXZ | |
|---|---|---|
| YTD Return | 15.84% | -3.81% |
| 1Y Return | 36.70% | 10.62% |
| 3Y Return (Ann) | 7.20% | 2.88% |
| 5Y Return (Ann) | 21.27% | 12.76% |
| 10Y Return (Ann) | 7.67% | 9.07% |
| Sharpe Ratio | 1.11 | 0.62 |
| Sortino Ratio | 1.64 | 0.98 |
| Omega Ratio | 1.20 | 1.12 |
| Calmar Ratio | 1.16 | 0.69 |
| Martin Ratio | 3.18 | 1.71 |
| Ulcer Index | 11.61% | 6.83% |
| Daily Std Dev | 33.42% | 18.94% |
| Max Drawdown | -83.16% | -65.46% |
| Current Drawdown | -17.60% | -8.18% |
Correlation
The correlation between COPX and FXZ is 0.71, 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. FXZ - Performance Comparison
In the year-to-date period, COPX achieves a 15.84% return, which is significantly higher than FXZ's -3.81% return. Over the past 10 years, COPX has underperformed FXZ with an annualized return of 7.67%, while FXZ has yielded a comparatively higher 9.07% 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. FXZ - Expense Ratio Comparison
COPX has a 0.65% expense ratio, which is lower than FXZ's 0.67% expense ratio.
Risk-Adjusted Performance
COPX vs. FXZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Copper Miners ETF (COPX) and First Trust Materials AlphaDEX Fund (FXZ). 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. FXZ - Dividend Comparison
COPX's dividend yield for the trailing twelve months is around 1.27%, less than FXZ's 1.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COPX Global X Copper Miners ETF | 1.27% | 2.39% | 3.14% | 1.48% | 1.30% | 1.37% | 2.58% | 1.56% | 0.59% | 1.20% | 2.31% | 0.70% |
FXZ First Trust Materials AlphaDEX Fund | 1.52% | 1.97% | 1.56% | 1.11% | 1.51% | 1.58% | 1.38% | 1.01% | 1.19% | 1.26% | 1.73% | 0.90% |
Drawdowns
COPX vs. FXZ - Drawdown Comparison
The maximum COPX drawdown since its inception was -83.16%, which is greater than FXZ's maximum drawdown of -65.46%. Use the drawdown chart below to compare losses from any high point for COPX and FXZ. For additional features, visit the drawdowns tool.
Volatility
COPX vs. FXZ - Volatility Comparison
Global X Copper Miners ETF (COPX) has a higher volatility of 10.86% compared to First Trust Materials AlphaDEX Fund (FXZ) at 5.50%. This indicates that COPX's price experiences larger fluctuations and is considered to be riskier than FXZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.