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COPX vs. GDX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between COPX and GDX is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.2

Performance

COPX vs. GDX - Performance Comparison

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

-20.00%-10.00%0.00%10.00%20.00%30.00%40.00%NovemberDecember2025FebruaryMarchApril
21.62%
20.23%
COPX
GDX

Key characteristics

Sharpe Ratio

COPX:

-0.26

GDX:

1.48

Sortino Ratio

COPX:

-0.11

GDX:

2.01

Omega Ratio

COPX:

0.99

GDX:

1.26

Calmar Ratio

COPX:

-0.26

GDX:

1.12

Martin Ratio

COPX:

-0.52

GDX:

5.34

Ulcer Index

COPX:

19.53%

GDX:

9.25%

Daily Std Dev

COPX:

39.19%

GDX:

33.46%

Max Drawdown

COPX:

-83.16%

GDX:

-80.57%

Current Drawdown

COPX:

-24.38%

GDX:

-16.73%

Returns By Period

In the year-to-date period, COPX achieves a 2.65% return, which is significantly lower than GDX's 43.94% return. Over the past 10 years, COPX has underperformed GDX with an annualized return of 7.06%, while GDX has yielded a comparatively higher 10.16% annualized return.


COPX

YTD

2.65%

1M

-6.87%

6M

-11.72%

1Y

-13.30%

5Y*

25.76%

10Y*

7.06%

GDX

YTD

43.94%

1M

9.27%

6M

18.82%

1Y

43.85%

5Y*

9.02%

10Y*

10.16%

*Annualized

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COPX vs. GDX - Expense Ratio Comparison

COPX has a 0.65% expense ratio, which is higher than GDX's 0.53% expense ratio.


Expense ratio chart for COPX: current value is 0.65%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
COPX: 0.65%
Expense ratio chart for GDX: current value is 0.53%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
GDX: 0.53%

Risk-Adjusted Performance

COPX vs. GDX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COPX
The Risk-Adjusted Performance Rank of COPX is 1010
Overall Rank
The Sharpe Ratio Rank of COPX is 99
Sharpe Ratio Rank
The Sortino Ratio Rank of COPX is 1111
Sortino Ratio Rank
The Omega Ratio Rank of COPX is 1111
Omega Ratio Rank
The Calmar Ratio Rank of COPX is 77
Calmar Ratio Rank
The Martin Ratio Rank of COPX is 1111
Martin Ratio Rank

GDX
The Risk-Adjusted Performance Rank of GDX is 8787
Overall Rank
The Sharpe Ratio Rank of GDX is 8989
Sharpe Ratio Rank
The Sortino Ratio Rank of GDX is 8888
Sortino Ratio Rank
The Omega Ratio Rank of GDX is 8787
Omega Ratio Rank
The Calmar Ratio Rank of GDX is 8484
Calmar Ratio Rank
The Martin Ratio Rank of GDX is 8585
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

COPX vs. GDX - Risk-Adjusted Performance Comparison

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


The chart of Sharpe ratio for COPX, currently valued at -0.26, compared to the broader market-1.000.001.002.003.004.00
COPX: -0.26
GDX: 1.48
The chart of Sortino ratio for COPX, currently valued at -0.11, compared to the broader market-2.000.002.004.006.008.00
COPX: -0.11
GDX: 2.01
The chart of Omega ratio for COPX, currently valued at 0.99, compared to the broader market0.501.001.502.002.50
COPX: 0.99
GDX: 1.26
The chart of Calmar ratio for COPX, currently valued at -0.26, compared to the broader market0.002.004.006.008.0010.0012.00
COPX: -0.26
GDX: 1.12
The chart of Martin ratio for COPX, currently valued at -0.52, compared to the broader market0.0020.0040.0060.00
COPX: -0.52
GDX: 5.34

The current COPX Sharpe Ratio is -0.26, which is lower than the GDX Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of COPX and GDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.00NovemberDecember2025FebruaryMarchApril
-0.26
1.48
COPX
GDX

Dividends

COPX vs. GDX - Dividend Comparison

COPX's dividend yield for the trailing twelve months is around 1.76%, more than GDX's 0.83% yield.


TTM20242023202220212020201920182017201620152014
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%
GDX
VanEck Vectors Gold Miners ETF
0.83%1.19%1.61%1.66%1.67%0.53%0.65%0.50%0.76%0.26%0.85%0.66%

Drawdowns

COPX vs. GDX - Drawdown Comparison

The maximum COPX drawdown since its inception was -83.16%, roughly equal to the maximum GDX drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for COPX and GDX. For additional features, visit the drawdowns tool.


-45.00%-40.00%-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%NovemberDecember2025FebruaryMarchApril
-24.38%
-16.73%
COPX
GDX

Volatility

COPX vs. GDX - Volatility Comparison

Global X Copper Miners ETF (COPX) has a higher volatility of 20.80% compared to VanEck Vectors Gold Miners ETF (GDX) at 15.99%. This indicates that COPX's price experiences larger fluctuations and is considered to be riskier than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%NovemberDecember2025FebruaryMarchApril
20.80%
15.99%
COPX
GDX