COPX vs. REMX

Last updated Aug 2, 2026

COPX (Global X Copper Miners ETF) and REMX (VanEck Rare Earth and Strategic Metals ETF) are both exchange-traded funds - COPX is a Copper fund tracking the Solactive Global Copper Miners Total Return Index, while REMX is a Rare Earth & Strategic Metals fund tracking the MarketVector Global Rare Earth/Strategic Metals Index. Both are passively managed. Over the past 10 years, COPX returned 18.83%/yr vs 5.76%/yr for REMX. Their 0.68 correlation means they have sometimes moved together and sometimes differently. COPX charges 0.65%/yr vs 0.59%/yr for REMX.

Performance

COPX vs. REMX - Performance Comparison

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

Returns By Period

In the year-to-date period, COPX achieves a 10.22% return, which is significantly higher than REMX's -10.75% return. Over the past 10 years, COPX has outperformed REMX with an annualized return of 18.83%, while REMX has yielded a comparatively lower 5.76% annualized return.

COPX

• 1D: -0.81%
• 1M: 2.88%
• 6M: -6.70%
• YTD: 10.22%
• 1Y: 89.44%
• 3Y*: 27.01%
• 5Y*: 18.54%
• 10Y*: 18.83%
• ALL TIME*: 5.76%

REMX

• 1D: -0.72%
• 1M: -23.93%
• 6M: -22.96%
• YTD: -10.75%
• 1Y: 36.09%
• 3Y*: -4.84%
• 5Y*: -7.48%
• 10Y*: 5.76%
• ALL TIME*: -5.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
COPX Global X Copper Miners ETF	$193.89M	$197.23M	$300.83M
REMX VanEck Rare Earth and Strategic Metals ETF	$50.08M	$56.30M	$87.87M

COPX vs. REMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
COPX Global X Copper Miners ETF	10.22%	93.50%	3.57%	8.38%	-0.76%	23.39%	51.66%	12.48%	-31.31%	38.92%
REMX VanEck Rare Earth and Strategic Metals ETF	-10.75%	92.95%	-35.02%	-19.18%	-31.13%	79.81%	64.82%	0.74%	-49.63%	82.60%

Correlation

The correlation between COPX and REMX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.63
Correlation (3Y) Balances recent behavior with more history.	0.66
Correlation (5Y) Shows whether the relationship held over a longer period.	0.69
Correlation (10Y) Provides a long-term view across more market conditions.	0.67
Correlation (All Time) Calculated using the full available price history since Oct 28, 2010	0.68

The correlation between COPX and REMX has been stable across timeframes, ranging from 0.63 to 0.69 - a consistent structural relationship.

COPX vs. REMX - Sectors Allocation Comparison

Sectors	COPX	REMX
Basic Materials	96.9%	100.0%
Industrials	3.1%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

COPX vs. REMX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

COPX

COPX Risk / Return Rank: 76
COPX Sharpe Ratio Rank: 84
COPX Sortino Ratio Rank: 73
COPX Omega Ratio Rank: 73
COPX Calmar Ratio Rank: 84
COPX Martin Ratio Rank: 66

REMX

REMX Risk / Return Rank: 31
REMX Sharpe Ratio Rank: 30
REMX Sortino Ratio Rank: 34
REMX Omega Ratio Rank: 32
REMX Calmar Ratio Rank: 28
REMX Martin Ratio Rank: 31

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

COPX vs. REMX - Risk-Adjusted Trends Comparison

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

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	COPX	REMX	Difference
Sharpe ratio: Return per unit of total volatility	1.94	0.74	+1.20
Sortino ratio: Return per unit of downside risk	2.33	1.29	+1.04
Omega ratio: Gain probability vs. loss probability	1.30	1.15	+0.15
Calmar ratio: Return relative to maximum drawdown	3.18	0.89	+2.29
Martin ratio: Return relative to average drawdown	7.96	2.75	+5.21

COPX vs. REMX - Sharpe Ratio Comparison

The current COPX Sharpe Ratio is 1.94, which is higher than the REMX Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of COPX and REMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

COPX vs. REMX - Drawdown Comparison

The maximum COPX drawdown since its inception was -83.16%, smaller than the maximum REMX drawdown of -90.20%. Use the drawdown chart below to compare losses from any high point for COPX and REMX.

Drawdown Indicators

	COPX	REMX	Difference
Max Drawdown Largest peak-to-trough decline	-83.16%	-90.20%	+7.04%
Max Drawdown (1Y) Largest decline over 1 year	-27.82%	-41.03%	+13.21%
Max Drawdown (3Y) Largest decline over 3 years	-39.72%	-58.11%	+18.39%
Max Drawdown (5Y) Largest decline over 5 years	-42.12%	-73.34%	+31.22%
Max Drawdown (10Y) Largest decline over 10 years	-65.41%	-73.34%	+7.93%
Current Drawdown Current decline from peak	-17.32%	-69.79%	+52.47%
Average Drawdown Average peak-to-trough decline	-39.11%	-66.81%	+27.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.11%	13.28%	-2.17%

Volatility

COPX vs. REMX - Volatility Comparison

Global X Copper Miners ETF (COPX) has a higher volatility of 13.58% compared to VanEck Rare Earth and Strategic Metals ETF (REMX) at 11.77%. 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.

Volatility by Period

	COPX	REMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.58%	11.77%	+1.81%
Volatility (6M) Calculated over the trailing 6-month period	39.74%	37.31%	+2.43%
Volatility (1Y) Calculated over the trailing 1-year period	45.77%	49.87%	-4.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.28%	40.57%	-3.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.87%	37.30%	-1.43%

COPX vs. REMX - Expense Ratio Comparison

COPX has a 0.65% expense ratio, which is higher than REMX's 0.59% expense ratio.

Dividends

COPX vs. REMX - Dividend Comparison

COPX's dividend yield for the trailing twelve months is around 2.45%, more than REMX's 1.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COPX Global X Copper Miners ETF	2.45%	2.68%	1.80%	2.39%	3.14%	1.48%	1.30%	1.37%	2.59%	1.57%	0.60%	1.20%
REMX VanEck Rare Earth and Strategic Metals ETF	1.97%	1.76%	2.56%	0.00%	1.56%	5.25%	0.81%	1.64%	12.43%	2.89%	2.23%	4.77%

Frequently Asked Questions

Can I hold both COPX and REMX in my portfolio?

COPX and REMX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COPX or REMX?

COPX has higher volatility (13.58%) compared to REMX (11.77%). In terms of maximum drawdown, COPX dropped -83.16% vs REMX's -90.20%.

Which ETF is better, COPX or REMX?

On 10-year performance, COPX leads with 18.83% vs 5.76% for REMX. On fees, REMX is cheaper at 0.59% per year. On volatility, REMX has been the lower-risk option at 11.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COPX or REMX?

Over the 10-year period, COPX has performed better with a 18.83% return vs 5.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COPX or REMX?

REMX is cheaper with a 0.59% expense ratio, compared with 0.65% for COPX.

Which ETF pays a higher dividend yield, COPX or REMX?

COPX has the higher dividend yield at 2.45%, compared with 1.97% for REMX.

What is the main difference between COPX and REMX?

COPX is categorized as Copper, while REMX is Rare Earth & Strategic Metals. COPX tracks Solactive Global Copper Miners Total Return Index, while REMX tracks MarketVector Global Rare Earth/Strategic Metals Index. They also come from different issuers: Global X and VanEck. Their fees differ too: 0.65% for COPX and 0.59% for REMX.

Which has better risk-adjusted returns?

COPX currently has the higher Sharpe Ratio (1.94 vs 0.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.