GOEX vs. COPX
Compare and contrast key facts about Global X Gold Explorers ETF (GOEX) and Global X Copper Miners ETF (COPX).
GOEX and COPX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GOEX is a passively managed fund by Global X that tracks the performance of the Solactive Global Gold Explorers & Developers Total Return. It was launched on Nov 3, 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 GOEX 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: GOEX or COPX.
Correlation
The correlation between GOEX and COPX is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GOEX vs. COPX - Performance Comparison
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Key characteristics
GOEX:
1.23
COPX:
-0.38
GOEX:
1.88
COPX:
-0.21
GOEX:
1.24
COPX:
0.97
GOEX:
0.75
COPX:
-0.31
GOEX:
5.93
COPX:
-0.62
GOEX:
8.53%
COPX:
20.21%
GOEX:
37.88%
COPX:
38.96%
GOEX:
-88.83%
COPX:
-83.16%
GOEX:
-49.47%
COPX:
-22.30%
Returns By Period
In the year-to-date period, GOEX achieves a 38.34% return, which is significantly higher than COPX's 5.47% return. Over the past 10 years, GOEX has outperformed COPX with an annualized return of 12.35%, while COPX has yielded a comparatively lower 6.98% annualized return.
GOEX
38.34%
0.83%
33.06%
46.20%
10.40%
12.35%
COPX
5.47%
13.37%
-5.70%
-14.62%
26.51%
6.98%
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GOEX vs. COPX - Expense Ratio Comparison
Both GOEX and COPX have an expense ratio of 0.65%.
Risk-Adjusted Performance
GOEX vs. COPX — Risk-Adjusted Performance Rank
GOEX
COPX
GOEX vs. COPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Gold Explorers ETF (GOEX) 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.
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Dividends
GOEX vs. COPX - Dividend Comparison
GOEX's dividend yield for the trailing twelve months is around 1.78%, more than COPX's 1.71% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOEX Global X Gold Explorers ETF | 1.78% | 2.46% | 0.05% | 1.04% | 2.35% | 2.62% | 1.60% | 0.00% | 0.00% | 38.91% | 11.70% | 0.13% |
COPX Global X Copper Miners ETF | 1.71% | 1.80% | 2.39% | 3.14% | 1.48% | 1.30% | 1.37% | 2.58% | 1.56% | 0.59% | 1.20% | 2.31% |
Drawdowns
GOEX vs. COPX - Drawdown Comparison
The maximum GOEX drawdown since its inception was -88.83%, which is greater than COPX's maximum drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for GOEX and COPX. For additional features, visit the drawdowns tool.
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Volatility
GOEX vs. COPX - Volatility Comparison
Global X Gold Explorers ETF (GOEX) has a higher volatility of 14.55% compared to Global X Copper Miners ETF (COPX) at 9.48%. This indicates that GOEX'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.
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