COPX vs. XEC1.DE
COPX (Global X Copper Miners ETF) and XEC1.DE (Xtrackers II EUR Corporate Bond UCITS ETF) are both exchange-traded funds - COPX is a Copper fund tracking the Solactive Global Copper Miners Total Return Index, while XEC1.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond. Both are passively managed. Over the past 3 years, COPX returned 26.21%/yr vs 5.24%/yr for XEC1.DE. At a 0.40 correlation, their price movements are largely independent. COPX charges 0.65%/yr vs 0.12%/yr for XEC1.DE.
Performance
COPX vs. XEC1.DE - Performance Comparison
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Different Trading Currencies
COPX is traded in USD, while XEC1.DE is traded in EUR. To make them comparable, the XEC1.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, COPX achieves a 3.23% return, which is significantly higher than XEC1.DE's -2.22% return.
COPX
- 1D
- 0.70%
- 1M
- -13.30%
- 6M
- -8.24%
- YTD
- 3.23%
- 1Y
- 72.90%
- 3Y*
- 26.21%
- 5Y*
- 18.50%
- 10Y*
- 18.38%
- ALL TIME*
- 5.35%
XEC1.DE
- 1D
- 0.00%
- 1M
- -0.65%
- 6M
- -1.79%
- YTD
- -2.22%
- 1Y
- -0.35%
- 3Y*
- 5.24%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.33%
COPX vs. XEC1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
COPX Global X Copper Miners ETF | 3.23% | 93.50% | 3.57% | 8.38% | -0.76% | -0.46% |
XEC1.DE Xtrackers II EUR Corporate Bond UCITS ETF | -2.22% | 16.29% | -1.69% | 10.93% | -18.17% | 15.21% |
Correlation
The correlation between COPX and XEC1.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021 | 0.40 |
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Return for Risk
COPX vs. XEC1.DE — Risk / Return Rank
COPX
XEC1.DE
COPX vs. XEC1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Copper Miners ETF (COPX) and Xtrackers II EUR Corporate Bond UCITS ETF (XEC1.DE). 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 | XEC1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.00 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | -0.05 | +2.69 |
| Martin ratioReturn relative to average drawdown | 6.88 | -0.12 | +7.00 |
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Drawdowns
COPX vs. XEC1.DE - Drawdown Comparison
The maximum COPX drawdown since its inception was -83.16%, which is greater than XEC1.DE's maximum drawdown of -30.25%. Use the drawdown chart below to compare losses from any high point for COPX and XEC1.DE.
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Drawdown Indicators
| COPX | XEC1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.16% | -30.25% | -52.91% |
Max Drawdown (1Y)Largest decline over 1 year | -27.82% | -6.53% | -21.29% |
Max Drawdown (3Y)Largest decline over 3 years | -39.72% | -8.41% | -31.31% |
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 | -22.56% | -5.21% | -17.35% |
Average DrawdownAverage peak-to-trough decline | -39.16% | -11.71% | -27.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.63% | 2.90% | +7.73% |
Volatility
COPX vs. XEC1.DE - Volatility Comparison
Global X Copper Miners ETF (COPX) has a higher volatility of 13.65% compared to Xtrackers II EUR Corporate Bond UCITS ETF (XEC1.DE) at 1.46%. This indicates that COPX's price experiences larger fluctuations and is considered to be riskier than XEC1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COPX | XEC1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.65% | 1.46% | +12.19% |
Volatility (6M)Calculated over the trailing 6-month period | 39.63% | 5.91% | +33.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.47% | 7.64% | +37.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.21% | 12.81% | +24.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.81% | 12.81% | +23.00% |
COPX vs. XEC1.DE - Expense Ratio Comparison
COPX has a 0.65% expense ratio, which is higher than XEC1.DE's 0.12% expense ratio.
Dividends
COPX vs. XEC1.DE - Dividend Comparison
COPX's dividend yield for the trailing twelve months is around 2.61%, less than XEC1.DE's 2.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COPX Global X Copper Miners ETF | 2.61% | 2.68% | 1.80% | 2.39% | 3.14% | 1.48% | 1.30% | 1.37% | 2.59% | 1.57% | 0.60% | 1.20% |
XEC1.DE Xtrackers II EUR Corporate Bond UCITS ETF | 2.71% | 2.50% | 2.68% | 1.77% | 1.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
COPX and XEC1.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEC1.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEC1.DE is cheaper with a 0.12% expense ratio, compared with 0.65% for COPX.
COPX is categorized as Copper, while XEC1.DE is European Corporate Bonds. COPX tracks Solactive Global Copper Miners Total Return Index, while XEC1.DE tracks Bloomberg Euro Corporate Bond. They also come from different issuers: Global X and Xtrackers. Their fees differ too: 0.65% for COPX and 0.12% for XEC1.DE.
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