COPX vs. ICOP
Compare and contrast key facts about Global X Copper Miners ETF (COPX) and Ishares Copper And Metals Mining ETF (ICOP).
COPX and ICOP 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. ICOP is a passively managed fund by iShares that tracks the performance of the STOXX Global Copper and Metals Mining Index - Benchmark TR Net. It was launched on Jun 21, 2023. Both COPX and ICOP 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 ICOP.
Correlation
The correlation between COPX and ICOP is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
COPX vs. ICOP - Performance Comparison
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Key characteristics
COPX:
-0.48
ICOP:
-0.46
COPX:
-0.49
ICOP:
-0.48
COPX:
0.94
ICOP:
0.94
COPX:
-0.48
ICOP:
-0.44
COPX:
-0.94
ICOP:
-0.83
COPX:
20.41%
ICOP:
20.28%
COPX:
38.84%
ICOP:
35.69%
COPX:
-83.16%
ICOP:
-38.67%
COPX:
-23.73%
ICOP:
-22.05%
Returns By Period
In the year-to-date period, COPX achieves a 3.54% return, which is significantly lower than ICOP's 6.31% return.
COPX
3.54%
9.20%
-2.50%
-18.54%
25.65%
7.28%
ICOP
6.31%
8.78%
-0.38%
-16.49%
N/A
N/A
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COPX vs. ICOP - Expense Ratio Comparison
COPX has a 0.65% expense ratio, which is higher than ICOP's 0.47% expense ratio.
Risk-Adjusted Performance
COPX vs. ICOP — Risk-Adjusted Performance Rank
COPX
ICOP
COPX vs. ICOP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Copper Miners ETF (COPX) and Ishares Copper And Metals Mining ETF (ICOP). 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.
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Dividends
COPX vs. ICOP - Dividend Comparison
COPX's dividend yield for the trailing twelve months is around 1.74%, which matches ICOP's 1.75% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COPX Global X Copper Miners ETF | 1.74% | 1.80% | 2.39% | 3.14% | 1.48% | 1.30% | 1.37% | 2.58% | 1.56% | 0.59% | 1.20% | 2.31% |
ICOP Ishares Copper And Metals Mining ETF | 1.75% | 1.87% | 2.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
COPX vs. ICOP - Drawdown Comparison
The maximum COPX drawdown since its inception was -83.16%, which is greater than ICOP's maximum drawdown of -38.67%. Use the drawdown chart below to compare losses from any high point for COPX and ICOP. For additional features, visit the drawdowns tool.
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Volatility
COPX vs. ICOP - Volatility Comparison
Global X Copper Miners ETF (COPX) has a higher volatility of 8.07% compared to Ishares Copper And Metals Mining ETF (ICOP) at 7.32%. This indicates that COPX's price experiences larger fluctuations and is considered to be riskier than ICOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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