GLEN.L vs. COPX
Compare and contrast key facts about Glencore plc (GLEN.L) and Global X Copper Miners ETF (COPX).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLEN.L or COPX.
Key characteristics
| GLEN.L | COPX | |
|---|---|---|
| YTD Return | -16.77% | 15.84% |
| 1Y Return | -8.00% | 36.70% |
| 3Y Return (Ann) | 3.60% | 7.20% |
| 5Y Return (Ann) | 11.13% | 21.27% |
| 10Y Return (Ann) | 2.59% | 7.67% |
| Sharpe Ratio | -0.32 | 1.11 |
| Sortino Ratio | -0.28 | 1.64 |
| Omega Ratio | 0.97 | 1.20 |
| Calmar Ratio | -0.26 | 1.16 |
| Martin Ratio | -0.65 | 3.18 |
| Ulcer Index | 13.31% | 11.61% |
| Daily Std Dev | 27.35% | 33.42% |
| Max Drawdown | -86.53% | -83.16% |
| Current Drawdown | -29.30% | -17.60% |
Correlation
The correlation between GLEN.L and COPX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GLEN.L vs. COPX - Performance Comparison
In the year-to-date period, GLEN.L achieves a -16.77% return, which is significantly lower than COPX's 15.84% return. Over the past 10 years, GLEN.L has underperformed COPX with an annualized return of 2.59%, while COPX has yielded a comparatively higher 7.67% 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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Risk-Adjusted Performance
GLEN.L vs. COPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Glencore plc (GLEN.L) 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
GLEN.L vs. COPX - Dividend Comparison
GLEN.L's dividend yield for the trailing twelve months is around 108.01%, more than COPX's 1.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLEN.L Glencore plc | 108.01% | 300.59% | 3.83% | 2.31% | 6.71% | 6.74% | 5.12% | 1.58% | 0.00% | 395.16% | 205.52% | 3.31% |
COPX Global X Copper Miners ETF | 1.27% | 2.39% | 3.14% | 1.48% | 1.30% | 1.37% | 2.58% | 1.56% | 0.59% | 1.20% | 2.31% | 0.70% |
Drawdowns
GLEN.L vs. COPX - Drawdown Comparison
The maximum GLEN.L drawdown since its inception was -86.53%, roughly equal to the maximum COPX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for GLEN.L and COPX. For additional features, visit the drawdowns tool.
Volatility
GLEN.L vs. COPX - Volatility Comparison
The current volatility for Glencore plc (GLEN.L) is 9.66%, while Global X Copper Miners ETF (COPX) has a volatility of 10.86%. This indicates that GLEN.L 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.