COPX vs. XME
Compare and contrast key facts about Global X Copper Miners ETF (COPX) and SPDR S&P Metals & Mining ETF (XME).
COPX and XME 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. XME is a passively managed fund by State Street that tracks the performance of the S&P Metals & Mining Select Industry Index. It was launched on Jun 19, 2006. Both COPX and XME 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. XME - Performance Comparison
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COPX vs. XME - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COPX Global X Copper Miners ETF | 8.86% | 93.50% | 3.57% | 8.38% | -0.76% | 23.39% | 51.66% | 12.48% | -31.31% | 38.92% |
XME SPDR S&P Metals & Mining ETF | 6.14% | 83.47% | -4.54% | 21.51% | 13.13% | 34.92% | 15.95% | 14.69% | -26.78% | 21.17% |
Returns By Period
In the year-to-date period, COPX achieves a 8.86% return, which is significantly higher than XME's 6.14% return. Over the past 10 years, COPX has outperformed XME with an annualized return of 21.11%, while XME has yielded a comparatively lower 19.75% annualized 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%
XME
- 1D
- 1.75%
- 1M
- -9.91%
- YTD
- 6.14%
- 6M
- 15.52%
- 1Y
- 97.42%
- 3Y*
- 28.24%
- 5Y*
- 23.31%
- 10Y*
- 19.75%
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COPX vs. XME - Expense Ratio Comparison
COPX has a 0.65% expense ratio, which is higher than XME's 0.35% expense ratio.
Return for Risk
COPX vs. XME — Risk / Return Rank
COPX
XME
COPX vs. XME - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Copper Miners ETF (COPX) and SPDR S&P Metals & Mining ETF (XME). 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 | XME | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.49 | 2.74 | -0.25 |
Sortino ratioReturn per unit of downside risk | 2.81 | 3.15 | -0.34 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.43 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 3.81 | 4.30 | -0.49 |
Martin ratioReturn relative to average drawdown | 14.52 | 12.24 | +2.29 |
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 | XME | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 2.74 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.72 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.60 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.16 | +0.01 |
Correlation
The correlation between COPX and XME is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
COPX vs. XME - Dividend Comparison
COPX's dividend yield for the trailing twelve months is around 2.46%, more than XME's 0.35% 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% |
XME SPDR S&P Metals & Mining ETF | 0.35% | 0.38% | 0.65% | 1.00% | 1.64% | 0.70% | 0.99% | 2.43% | 2.23% | 1.15% | 1.02% | 2.61% |
Drawdowns
COPX vs. XME - Drawdown Comparison
The maximum COPX drawdown since its inception was -83.16%, roughly equal to the maximum XME drawdown of -85.89%. Use the drawdown chart below to compare losses from any high point for COPX and XME.
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Drawdown Indicators
| COPX | XME | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.16% | -85.89% | +2.73% |
Max Drawdown (1Y)Largest decline over 1 year | -27.82% | -22.60% | -5.22% |
Max Drawdown (5Y)Largest decline over 5 years | -42.12% | -37.27% | -4.85% |
Max Drawdown (10Y)Largest decline over 10 years | -65.41% | -61.69% | -3.72% |
Current DrawdownCurrent decline from peak | -18.34% | -16.34% | -2.00% |
Average DrawdownAverage peak-to-trough decline | -39.59% | -44.44% | +4.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.29% | 7.94% | -0.65% |
Volatility
COPX vs. XME - Volatility Comparison
Global X Copper Miners ETF (COPX) has a higher volatility of 18.01% compared to SPDR S&P Metals & Mining ETF (XME) at 11.19%. This indicates that COPX's price experiences larger fluctuations and is considered to be riskier than XME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COPX | XME | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.01% | 11.19% | +6.82% |
Volatility (6M)Calculated over the trailing 6-month period | 33.81% | 28.06% | +5.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.19% | 35.81% | +6.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.05% | 32.47% | +3.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.51% | 32.97% | +2.54% |