COPX vs. REMX
Compare and contrast key facts about Global X Copper Miners ETF (COPX) and VanEck Vectors Rare Earth/Strategic Metals ETF (REMX).
COPX and REMX 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. REMX is a passively managed fund by VanEck that tracks the performance of the MVIS Global Rare Earth/Strategic Metals Index. It was launched on Oct 27, 2010. Both COPX and REMX 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 REMX.
Key characteristics
| COPX | REMX | |
|---|---|---|
| YTD Return | 15.84% | -20.32% |
| 1Y Return | 36.70% | -12.27% |
| 3Y Return (Ann) | 7.20% | -24.17% |
| 5Y Return (Ann) | 21.27% | 7.49% |
| 10Y Return (Ann) | 7.67% | -1.88% |
| Sharpe Ratio | 1.11 | -0.35 |
| Sortino Ratio | 1.64 | -0.28 |
| Omega Ratio | 1.20 | 0.97 |
| Calmar Ratio | 1.16 | -0.16 |
| Martin Ratio | 3.18 | -0.55 |
| Ulcer Index | 11.61% | 23.92% |
| Daily Std Dev | 33.42% | 37.55% |
| Max Drawdown | -83.16% | -90.21% |
| Current Drawdown | -17.60% | -78.50% |
Correlation
The correlation between COPX and REMX is 0.69, 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. REMX - Performance Comparison
In the year-to-date period, COPX achieves a 15.84% return, which is significantly higher than REMX's -20.32% return. Over the past 10 years, COPX has outperformed REMX with an annualized return of 7.67%, while REMX has yielded a comparatively lower -1.88% 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. REMX - Expense Ratio Comparison
COPX has a 0.65% expense ratio, which is higher than REMX's 0.59% expense ratio.
Risk-Adjusted Performance
COPX vs. REMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Copper Miners ETF (COPX) and VanEck Vectors Rare Earth/Strategic Metals ETF (REMX). 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. REMX - Dividend Comparison
COPX's dividend yield for the trailing twelve months is around 1.27%, while REMX has not paid dividends to shareholders.
| 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% |
REMX VanEck Vectors Rare Earth/Strategic Metals ETF | 0.00% | 0.00% | 1.56% | 5.25% | 0.81% | 1.60% | 12.43% | 2.89% | 2.23% | 4.77% | 1.53% | 0.23% |
Drawdowns
COPX vs. REMX - Drawdown Comparison
The maximum COPX drawdown since its inception was -83.16%, smaller than the maximum REMX drawdown of -90.21%. Use the drawdown chart below to compare losses from any high point for COPX and REMX. For additional features, visit the drawdowns tool.
Volatility
COPX vs. REMX - Volatility Comparison
Global X Copper Miners ETF (COPX) has a higher volatility of 10.86% compared to VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) at 9.85%. This indicates that COPX's price experiences larger fluctuations and is considered to be riskier than REMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.