COPX vs. SHLD
Compare and contrast key facts about Global X Copper Miners ETF (COPX) and Global X Defense Tech ETF (SHLD).
COPX and SHLD 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. SHLD is a passively managed fund by Global X that tracks the performance of the Global X Defense Tech Index - Benchmark TR Net. It was launched on Sep 11, 2023. Both COPX and SHLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
COPX vs. SHLD - Performance Comparison
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COPX vs. SHLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
COPX Global X Copper Miners ETF | 8.86% | 93.50% | 3.57% | 2.52% |
SHLD Global X Defense Tech ETF | 13.41% | 74.16% | 35.03% | 12.89% |
Returns By Period
In the year-to-date period, COPX achieves a 8.86% return, which is significantly lower than SHLD's 13.41% return.
COPX
- 1D
- 2.36%
- 1M
- -16.51%
- YTD
- 8.86%
- 6M
- 32.14%
- 1Y
- 104.43%
- 3Y*
- 29.35%
- 5Y*
- 19.27%
- 10Y*
- 21.11%
SHLD
- 1D
- 3.73%
- 1M
- -4.67%
- YTD
- 13.41%
- 6M
- 5.02%
- 1Y
- 56.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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COPX vs. SHLD - Expense Ratio Comparison
COPX has a 0.65% expense ratio, which is higher than SHLD's 0.50% expense ratio.
Return for Risk
COPX vs. SHLD — Risk / Return Rank
COPX
SHLD
COPX vs. SHLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Copper Miners ETF (COPX) and Global X Defense Tech ETF (SHLD). 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.
| COPX | SHLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.49 | 2.22 | +0.27 |
Sortino ratioReturn per unit of downside risk | 2.81 | 2.89 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.38 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 3.81 | 3.90 | -0.09 |
Martin ratioReturn relative to average drawdown | 14.52 | 11.34 | +3.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| COPX | SHLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 2.22 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 2.62 | -2.45 |
Correlation
The correlation between COPX and SHLD is 0.31, 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.
Dividends
COPX vs. SHLD - Dividend Comparison
COPX's dividend yield for the trailing twelve months is around 2.46%, more than SHLD's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COPX Global X Copper Miners ETF | 2.46% | 2.68% | 1.80% | 2.39% | 3.14% | 1.48% | 1.30% | 1.37% | 2.59% | 1.57% | 0.60% | 1.20% |
SHLD Global X Defense Tech ETF | 0.48% | 0.55% | 0.53% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
COPX vs. SHLD - Drawdown Comparison
The maximum COPX drawdown since its inception was -83.16%, which is greater than SHLD's maximum drawdown of -15.06%. Use the drawdown chart below to compare losses from any high point for COPX and SHLD.
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Drawdown Indicators
| COPX | SHLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.16% | -15.06% | -68.10% |
Max Drawdown (1Y)Largest decline over 1 year | -27.82% | -15.06% | -12.76% |
Max Drawdown (5Y)Largest decline over 5 years | -42.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -65.41% | — | — |
Current DrawdownCurrent decline from peak | -18.34% | -5.82% | -12.52% |
Average DrawdownAverage peak-to-trough decline | -39.59% | -2.58% | -37.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.29% | 5.18% | +2.11% |
Volatility
COPX vs. SHLD - Volatility Comparison
Global X Copper Miners ETF (COPX) has a higher volatility of 18.01% compared to Global X Defense Tech ETF (SHLD) at 9.74%. This indicates that COPX's price experiences larger fluctuations and is considered to be riskier than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COPX | SHLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.01% | 9.74% | +8.27% |
Volatility (6M)Calculated over the trailing 6-month period | 33.81% | 18.64% | +15.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.19% | 25.64% | +16.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.05% | 20.81% | +15.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.51% | 20.81% | +14.70% |