CS.TO vs. COPX

Last updated Jun 4, 2026

CS.TO (Capstone Copper Corp.) is a stock, while COPX (Global X Copper Miners ETF) is Materials fund tracking the Solactive Global Copper Miners Index. Over the past 10 years, CS.TO returned 36.48%/yr vs 22.83%/yr for COPX. A 0.64 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 10.67% return, which is significantly lower than COPX's 27.31% return. Over the past 10 years, CS.TO has outperformed COPX with an annualized return of 36.48%, while COPX has yielded a comparatively lower 22.83% annualized return.

CS.TO

• 1D: -4.39%
• 1M: 40.68%
• YTD: 10.67%
• 6M: 17.67%
• 1Y: 101.72%
• 3Y*: 36.93%
• 5Y*: 23.31%
• 10Y*: 36.48%

COPX

• 1D: -3.25%
• 1M: 20.09%
• YTD: 27.31%
• 6M: 36.37%
• 1Y: 123.67%
• 3Y*: 38.95%
• 5Y*: 23.30%
• 10Y*: 22.83%

*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.	10.67%	55.01%	37.83%	30.57%	-11.47%	134.45%	213.16%	24.59%	-57.64%	14.29%
COPX Global X Copper Miners ETF	27.31%	84.63%	12.46%	5.99%	6.31%	22.27%	49.09%	6.95%	-25.48%	30.08%

Correlation

The correlation between CS.TO and COPX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Apr 21, 2010	0.64

The correlation between CS.TO and COPX shifts across timeframes, from 0.64 (all time) to 0.79 (3 years), 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: 80
CS.TO Sharpe Ratio Rank: 85
CS.TO Sortino Ratio Rank: 79
CS.TO Omega Ratio Rank: 77
CS.TO Calmar Ratio Rank: 77
CS.TO Martin Ratio Rank: 78

COPX

COPX Risk / Return Rank: 75
COPX Sharpe Ratio Rank: 86
COPX Sortino Ratio Rank: 67
COPX Omega Ratio Rank: 67
COPX Calmar Ratio Rank: 82
COPX Martin Ratio Rank: 73

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.

	CS.TO	COPX	Difference
Sharpe ratio: Return per unit of total volatility	1.78	3.11	-1.33
Sortino ratio: Return per unit of downside risk	2.27	3.34	-1.07
Omega ratio: Gain probability vs. loss probability	1.28	1.44	-0.16
Calmar ratio: Return relative to maximum drawdown	2.36	4.54	-2.18
Martin ratio: Return relative to average drawdown	6.17	14.98	-8.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CS.TO vs. COPX - Sharpe Ratio Comparison

The current CS.TO Sharpe Ratio is 1.78, which is lower than the COPX Sharpe Ratio of 3.11. 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.

Sharpe Ratios by Period

	CS.TO	COPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.78	3.11	-1.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.70	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	0.71	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.28	-0.25

Drawdowns

CS.TO vs. COPX - Drawdown Comparison

The maximum CS.TO drawdown since its inception was -98.00%, which is greater than COPX's maximum drawdown of -75.17%. 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	-98.00%	-75.17%	-22.83%
Max Drawdown (1Y) Largest decline over 1 year	-43.28%	-27.39%	-15.89%
Max Drawdown (3Y) Largest decline over 3 years	-52.05%	-36.90%	-15.15%
Max Drawdown (5Y) Largest decline over 5 years	-69.39%	-39.37%	-30.02%
Max Drawdown (10Y) Largest decline over 10 years	-80.23%	-59.78%	-20.45%
Current Drawdown Current decline from peak	-8.46%	-3.91%	-4.55%
Average Drawdown Average peak-to-trough decline	-59.35%	-31.72%	-27.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.56%	8.29%	+8.27%

Volatility

CS.TO vs. COPX - Volatility Comparison

Capstone Copper Corp. (CS.TO) has a higher volatility of 18.32% compared to Global X Copper Miners ETF (COPX) at 15.34%. 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	18.32%	15.34%	+2.98%
Volatility (6M) Calculated over the trailing 6-month period	44.40%	34.54%	+9.86%
Volatility (1Y) Calculated over the trailing 1-year period	57.45%	40.01%	+17.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.51%	33.35%	+23.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.60%	32.49%	+26.11%

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 2.13%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COPX Global X Copper Miners ETF	2.13%	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 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.