ED vs. COPX
ED (Consolidated Edison, Inc.) 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, ED returned 7.01%/yr vs 21.86%/yr for COPX. At a 0.08 correlation, their price movements are largely independent.
Performance
ED vs. COPX - Performance Comparison
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Returns By Period
In the year-to-date period, ED achieves a 10.24% return, which is significantly lower than COPX's 19.75% return. Over the past 10 years, ED has underperformed COPX with an annualized return of 7.01%, while COPX has yielded a comparatively higher 21.86% annualized return.
ED
- 1D
- 0.84%
- 1M
- 1.49%
- YTD
- 10.24%
- 6M
- 12.27%
- 1Y
- 7.29%
- 3Y*
- 9.08%
- 5Y*
- 10.68%
- 10Y*
- 7.01%
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%
ED vs. COPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ED Consolidated Edison, Inc. | 10.24% | 15.15% | 1.55% | -1.12% | 15.65% | 22.96% | -16.99% | 22.54% | -6.62% | 19.30% |
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 ED and COPX is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2010 | 0.08 |
The correlation between ED and COPX shifts across timeframes, from -0.15 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ED vs. COPX — Risk / Return Rank
ED
COPX
ED vs. COPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Consolidated Edison, Inc. (ED) 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.
| ED | COPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.36 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 3.75 | -2.99 |
| Martin ratioReturn relative to average drawdown | 1.59 | 11.60 | -10.01 |
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Drawdowns
ED vs. COPX - Drawdown Comparison
The maximum ED drawdown since its inception was -78.90%, smaller than the maximum COPX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for ED and COPX.
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Drawdown Indicators
| ED | COPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.90% | -83.16% | +4.26% |
Max Drawdown (1Y)Largest decline over 1 year | -9.63% | -27.82% | +18.19% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | -39.72% | +22.36% |
Max Drawdown (5Y)Largest decline over 5 years | -22.03% | -42.12% | +20.09% |
Max Drawdown (10Y)Largest decline over 10 years | -30.91% | -65.41% | +34.50% |
Current DrawdownCurrent decline from peak | -5.91% | -10.17% | +4.26% |
Average DrawdownAverage peak-to-trough decline | -13.24% | -39.28% | +26.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.59% | 8.98% | -4.39% |
Volatility
ED vs. COPX - Volatility Comparison
The current volatility for Consolidated Edison, Inc. (ED) is 5.98%, while Global X Copper Miners ETF (COPX) has a volatility of 19.30%. This indicates that ED 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.
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Volatility by Period
| ED | COPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 19.30% | -13.32% |
Volatility (6M)Calculated over the trailing 6-month period | 12.27% | 38.15% | -25.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.65% | 43.66% | -27.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.79% | 37.00% | -18.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.01% | 35.75% | -14.74% |
Dividends
ED vs. COPX - Dividend Comparison
ED's dividend yield for the trailing twelve months is around 3.23%, 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% |
ED Consolidated Edison, Inc. | 3.23% | 3.42% | 3.72% | 3.56% | 3.32% | 3.63% | 4.23% | 3.27% | 3.74% | 3.25% | 3.64% | 4.05% |
Frequently Asked Questions
ED and COPX have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COPX has higher volatility (19.30%) compared to ED (5.98%). In terms of maximum drawdown, ED dropped -78.90% vs COPX's -83.16%.
COPX currently has the higher Sharpe Ratio (2.39 vs 0.44), 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.
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