FTRI vs. COPX
Compare and contrast key facts about First Trust Indxx Global Natural Resources Income ETF (FTRI) and Global X Copper Miners ETF (COPX).
FTRI and COPX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTRI is a passively managed fund by First Trust that tracks the performance of the Indxx Global Natural Resources Income Index. It was launched on Mar 11, 2010. 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. Both FTRI and COPX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTRI or COPX.
Key characteristics
| FTRI | COPX | |
|---|---|---|
| YTD Return | 4.03% | 18.06% |
| 1Y Return | 13.19% | 39.54% |
| 3Y Return (Ann) | 7.33% | 9.17% |
| 5Y Return (Ann) | 8.66% | 20.67% |
| 10Y Return (Ann) | 0.89% | 8.03% |
| Sharpe Ratio | 0.81 | 1.20 |
| Sortino Ratio | 1.19 | 1.74 |
| Omega Ratio | 1.15 | 1.22 |
| Calmar Ratio | 0.24 | 1.26 |
| Martin Ratio | 3.14 | 3.46 |
| Ulcer Index | 4.27% | 11.56% |
| Daily Std Dev | 16.60% | 33.29% |
| Max Drawdown | -79.58% | -83.16% |
| Current Drawdown | -49.12% | -16.02% |
Correlation
The correlation between FTRI and COPX is 0.81, 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.
Performance
FTRI vs. COPX - Performance Comparison
In the year-to-date period, FTRI achieves a 4.03% return, which is significantly lower than COPX's 18.06% return. Over the past 10 years, FTRI has underperformed COPX with an annualized return of 0.89%, while COPX has yielded a comparatively higher 8.03% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FTRI vs. COPX - Expense Ratio Comparison
FTRI has a 0.70% expense ratio, which is higher than COPX's 0.65% expense ratio.
Risk-Adjusted Performance
FTRI vs. COPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Global Natural Resources Income ETF (FTRI) 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.
Dividends
FTRI vs. COPX - Dividend Comparison
FTRI's dividend yield for the trailing twelve months is around 5.16%, more than COPX's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTRI First Trust Indxx Global Natural Resources Income ETF | 5.16% | 6.57% | 8.37% | 6.59% | 3.63% | 6.27% | 4.24% | 3.60% | 2.96% | 1.21% | 3.30% | 2.19% |
COPX Global X Copper Miners ETF | 1.25% | 2.39% | 3.14% | 1.48% | 1.30% | 1.37% | 2.58% | 1.56% | 0.59% | 1.20% | 2.31% | 0.70% |
Drawdowns
FTRI vs. COPX - Drawdown Comparison
The maximum FTRI drawdown since its inception was -79.58%, roughly equal to the maximum COPX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for FTRI and COPX. For additional features, visit the drawdowns tool.
Volatility
FTRI vs. COPX - Volatility Comparison
The current volatility for First Trust Indxx Global Natural Resources Income ETF (FTRI) is 3.84%, while Global X Copper Miners ETF (COPX) has a volatility of 10.85%. This indicates that FTRI 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.