E vs. COPX

Last updated Jun 13, 2026

E (Eni S.p.A.) is a stock, while COPX (Global X Copper Miners ETF) is Materials fund tracking the Solactive Global Copper Miners Total Return Index. Over the past 10 years, E returned 12.46%/yr vs 21.86%/yr for COPX. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

E vs. COPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eni S.p.A. (E) and Global X Copper Miners ETF (COPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, E achieves a 44.27% return, which is significantly higher than COPX's 19.75% return. Over the past 10 years, E has underperformed COPX with an annualized return of 12.46%, while COPX has yielded a comparatively higher 21.86% annualized return.

E

• 1D: -1.04%
• 1M: -2.55%
• YTD: 44.27%
• 6M: 45.57%
• 1Y: 75.29%
• 3Y*: 32.48%
• 5Y*: 23.85%
• 10Y*: 12.46%

COPX

• 1D: 3.38%
• 1M: -6.46%
• YTD: 19.75%
• 6M: 29.13%
• 1Y: 103.76%
• 3Y*: 33.96%
• 5Y*: 19.28%
• 10Y*: 21.86%

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

E vs. COPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
E Eni S.p.A.	44.27%	48.40%	-13.95%	26.73%	10.92%	43.12%	-28.73%	4.29%	-0.98%	7.27%
COPX Global X Copper Miners ETF	19.75%	93.50%	3.57%	8.38%	-0.76%	23.39%	51.66%	12.48%	-31.31%	38.92%

Correlation

The correlation between E and COPX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Apr 20, 2010	0.54

Over the past year, the correlation between E and COPX has dropped to 0.17 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.

Return for Risk

E vs. COPX — Risk / Return Rank

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

E

E Risk / Return Rank: 96
E Sharpe Ratio Rank: 97
E Sortino Ratio Rank: 95
E Omega Ratio Rank: 95
E Calmar Ratio Rank: 97
E Martin Ratio Rank: 98

COPX

COPX Risk / Return Rank: 76
COPX Sharpe Ratio Rank: 85
COPX Sortino Ratio Rank: 69
COPX Omega Ratio Rank: 70
COPX Calmar Ratio Rank: 81
COPX Martin Ratio Rank: 72

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.

E vs. COPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eni S.p.A. (E) 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.

	E	COPX	Difference
Sharpe ratio: Return per unit of total volatility	3.34	2.39	+0.95
Sortino ratio: Return per unit of downside risk	3.93	2.70	+1.23
Omega ratio: Gain probability vs. loss probability	1.53	1.36	+0.18
Calmar ratio: Return relative to maximum drawdown	8.14	3.75	+4.38
Martin ratio: Return relative to average drawdown	26.54	11.60	+14.94

E vs. COPX - Sharpe Ratio Comparison

The current E Sharpe Ratio is 3.34, which is higher than the COPX Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of E 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

E vs. COPX - Drawdown Comparison

The maximum E drawdown since its inception was -70.53%, smaller than the maximum COPX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for E and COPX.

Drawdown Indicators

	E	COPX	Difference
Max Drawdown Largest peak-to-trough decline	-70.53%	-83.16%	+12.63%
Max Drawdown (1Y) Largest decline over 1 year	-9.30%	-27.82%	+18.52%
Max Drawdown (3Y) Largest decline over 3 years	-20.13%	-39.72%	+19.59%
Max Drawdown (5Y) Largest decline over 5 years	-33.71%	-42.12%	+8.41%
Max Drawdown (10Y) Largest decline over 10 years	-61.59%	-65.41%	+3.82%
Current Drawdown Current decline from peak	-6.08%	-10.17%	+4.09%
Average Drawdown Average peak-to-trough decline	-23.07%	-39.28%	+16.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	8.98%	-6.13%

Volatility

E vs. COPX - Volatility Comparison

The current volatility for Eni S.p.A. (E) is 6.01%, while Global X Copper Miners ETF (COPX) has a volatility of 19.30%. This indicates that E experiences smaller price fluctuations and is considered to be less risky than COPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	E	COPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.01%	19.30%	-13.29%
Volatility (6M) Calculated over the trailing 6-month period	19.56%	38.15%	-18.59%
Volatility (1Y) Calculated over the trailing 1-year period	22.72%	43.66%	-20.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.04%	37.00%	-11.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.30%	35.75%	-7.45%

Dividends

E vs. COPX - Dividend Comparison

E's dividend yield for the trailing twelve months is around 4.50%, more than COPX's 2.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COPX Global X Copper Miners ETF	2.24%	2.68%	1.80%	2.39%	3.14%	1.48%	1.30%	1.37%	2.59%	1.57%	0.60%	1.20%
E Eni S.p.A.	4.50%	5.88%	7.69%	5.74%	6.38%	5.79%	5.91%	6.11%	5.15%	3.96%	3.98%	5.14%

Frequently Asked Questions

Can I hold both E and COPX in my portfolio?

E and COPX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, E or COPX?

COPX has higher volatility (19.30%) compared to E (6.01%). In terms of maximum drawdown, E dropped -70.53% vs COPX's -83.16%.

Which has better risk-adjusted returns?

E currently has the higher Sharpe Ratio (3.34 vs 2.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.