CS.TO vs. COPX

Last updated Jun 25, 2026

CS.TO (Capstone Copper Corp.) is a stock, while COPX (Global X Copper Miners ETF) is Copper fund tracking the Solactive Global Copper Miners Total Return Index. Over the past 10 years, CS.TO returned 33.84%/yr vs 21.46%/yr for COPX. A 0.63 correlation means they provide meaningful diversification when combined.

Performance

CS.TO vs. COPX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Capstone Copper Corp. (CS.TO) and Global X Copper Miners ETF (COPX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CS.TO is traded in CAD, while COPX is traded in USD. To make them comparable, the COPX values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CS.TO achieves a -6.31% return, which is significantly lower than COPX's 9.41% return. Over the past 10 years, CS.TO has outperformed COPX with an annualized return of 33.84%, while COPX has yielded a comparatively lower 21.46% annualized return.

CS.TO

• 1D: -6.11%
• 1M: -8.76%
• YTD: -6.31%
• 6M: -5.49%
• 1Y: 64.04%
• 3Y*: 31.25%
• 5Y*: 19.44%
• 10Y*: 33.84%

COPX

• 1D: -4.41%
• 1M: -6.32%
• YTD: 9.41%
• 6M: 9.07%
• 1Y: 87.04%
• 3Y*: 32.87%
• 5Y*: 21.07%
• 10Y*: 21.46%

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

CS.TO vs. COPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CS.TO Capstone Copper Corp.	-6.31%	55.01%	37.83%	30.57%	-11.47%	134.45%	213.16%	24.59%	-57.64%	14.29%
COPX Global X Copper Miners ETF	9.41%	84.67%	12.34%	5.80%	5.53%	23.32%	48.06%	7.84%	-25.53%	29.52%

Correlation

The correlation between CS.TO and COPX is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Apr 20, 2010	0.63

The correlation between CS.TO and COPX shifts across timeframes, from 0.63 (all time) to 0.80 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

CS.TO vs. COPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CS.TO

CS.TO Risk / Return Rank: 72
CS.TO Sharpe Ratio Rank: 75
CS.TO Sortino Ratio Rank: 70
CS.TO Omega Ratio Rank: 69
CS.TO Calmar Ratio Rank: 71
CS.TO Martin Ratio Rank: 72

COPX

COPX Risk / Return Rank: 56
COPX Sharpe Ratio Rank: 60
COPX Sortino Ratio Rank: 50
COPX Omega Ratio Rank: 51
COPX Calmar Ratio Rank: 65
COPX Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CS.TO vs. COPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capstone Copper Corp. (CS.TO) and Global X Copper Miners ETF (COPX). 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.

	CS.TO	COPX	Difference
Sharpe ratio: Return per unit of total volatility	1.06	1.97	-0.90
Sortino ratio: Return per unit of downside risk	1.64	2.36	-0.72
Omega ratio: Gain probability vs. loss probability	1.21	1.31	-0.10
Calmar ratio: Return relative to maximum drawdown	1.49	3.18	-1.69
Martin ratio: Return relative to average drawdown	3.79	9.87	-6.09

CS.TO vs. COPX - Sharpe Ratio Comparison

The current CS.TO Sharpe Ratio is 1.06, which is lower than the COPX Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of CS.TO and COPX, 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

CS.TO vs. COPX - Drawdown Comparison

The maximum CS.TO drawdown since its inception was -94.14%, which is greater than COPX's maximum drawdown of -75.20%. Use the drawdown chart below to compare losses from any high point for CS.TO and COPX.

Drawdown Indicators

	CS.TO	COPX	Difference
Max Drawdown Largest peak-to-trough decline	-94.14%	-75.20%	-18.94%
Max Drawdown (1Y) Largest decline over 1 year	-43.28%	-27.50%	-15.78%
Max Drawdown (3Y) Largest decline over 3 years	-52.05%	-36.93%	-15.12%
Max Drawdown (5Y) Largest decline over 5 years	-69.39%	-39.94%	-29.45%
Max Drawdown (10Y) Largest decline over 10 years	-80.23%	-60.04%	-20.19%
Current Drawdown Current decline from peak	-22.51%	-17.81%	-4.70%
Average Drawdown Average peak-to-trough decline	-45.43%	-31.50%	-13.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.97%	8.85%	+8.12%

Volatility

CS.TO vs. COPX - Volatility Comparison

Capstone Copper Corp. (CS.TO) has a higher volatility of 22.52% compared to Global X Copper Miners ETF (COPX) at 19.68%. This indicates that CS.TO's price experiences larger fluctuations and is considered to be riskier than COPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CS.TO	COPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.52%	19.68%	+2.84%
Volatility (6M) Calculated over the trailing 6-month period	48.12%	39.41%	+8.71%
Volatility (1Y) Calculated over the trailing 1-year period	60.48%	44.47%	+16.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.85%	37.32%	+19.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.85%	36.08%	+22.77%

Dividends

CS.TO vs. COPX - Dividend Comparison

CS.TO has not paid dividends to shareholders, while COPX's dividend yield for the trailing twelve months is around 2.54%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COPX Global X Copper Miners ETF	2.54%	2.68%	1.80%	2.39%	3.14%	1.48%	1.30%	1.37%	2.59%	1.57%	0.60%	1.20%
CS.TO Capstone Copper Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CS.TO and COPX in my portfolio?

CS.TO and COPX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.