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GOEX vs. COPX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between GOEX and COPX is 0.48, 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.


-0.50.00.51.00.5

Performance

GOEX vs. COPX - Performance Comparison

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

-60.00%-40.00%-20.00%0.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
-57.20%
-3.17%
GOEX
COPX

Key characteristics

Sharpe Ratio

GOEX:

0.62

COPX:

0.17

Sortino Ratio

GOEX:

1.05

COPX:

0.47

Omega Ratio

GOEX:

1.12

COPX:

1.06

Calmar Ratio

GOEX:

0.29

COPX:

0.21

Martin Ratio

GOEX:

2.41

COPX:

0.43

Ulcer Index

GOEX:

8.82%

COPX:

13.51%

Daily Std Dev

GOEX:

34.38%

COPX:

33.24%

Max Drawdown

GOEX:

-88.83%

COPX:

-83.16%

Current Drawdown

GOEX:

-63.06%

COPX:

-25.94%

Returns By Period

In the year-to-date period, GOEX achieves a 20.73% return, which is significantly higher than COPX's 4.12% return. Over the past 10 years, GOEX has outperformed COPX with an annualized return of 11.11%, while COPX has yielded a comparatively lower 7.89% annualized return.


GOEX

YTD

20.73%

1M

-5.42%

6M

9.25%

1Y

19.09%

5Y*

6.29%

10Y*

11.11%

COPX

YTD

4.12%

1M

-8.51%

6M

-13.65%

1Y

3.33%

5Y*

16.76%

10Y*

7.89%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


GOEX vs. COPX - Expense Ratio Comparison

Both GOEX and COPX have an expense ratio of 0.65%.


GOEX
Global X Gold Explorers ETF
Expense ratio chart for GOEX: current value at 0.65% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.65%
Expense ratio chart for COPX: current value at 0.65% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.65%

Risk-Adjusted Performance

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.


Sharpe ratio
The chart of Sharpe ratio for GOEX, currently valued at 0.62, compared to the broader market0.002.004.000.620.17
The chart of Sortino ratio for GOEX, currently valued at 1.05, compared to the broader market-2.000.002.004.006.008.0010.001.050.47
The chart of Omega ratio for GOEX, currently valued at 1.12, compared to the broader market0.501.001.502.002.503.001.121.06
The chart of Calmar ratio for GOEX, currently valued at 0.29, compared to the broader market0.005.0010.0015.000.290.21
The chart of Martin ratio for GOEX, currently valued at 2.41, compared to the broader market0.0020.0040.0060.0080.00100.002.410.43
GOEX
COPX

The current GOEX Sharpe Ratio is 0.62, which is higher than the COPX Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of GOEX and COPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.50JulyAugustSeptemberOctoberNovemberDecember
0.62
0.17
GOEX
COPX

Dividends

GOEX vs. COPX - Dividend Comparison

GOEX's dividend yield for the trailing twelve months is around 0.02%, less than COPX's 1.41% yield.


TTM20232022202120202019201820172016201520142013
GOEX
Global X Gold Explorers ETF
0.02%0.05%1.04%2.35%2.62%1.60%0.00%0.00%38.91%11.70%0.13%0.00%
COPX
Global X Copper Miners ETF
1.41%2.39%3.14%1.48%1.30%1.37%2.58%1.56%0.59%1.20%2.31%0.70%

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.


-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%JulyAugustSeptemberOctoberNovemberDecember
-63.06%
-25.94%
GOEX
COPX

Volatility

GOEX vs. COPX - Volatility Comparison

Global X Gold Explorers ETF (GOEX) has a higher volatility of 10.72% compared to Global X Copper Miners ETF (COPX) at 7.81%. 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.


8.00%10.00%12.00%14.00%JulyAugustSeptemberOctoberNovemberDecember
10.72%
7.81%
GOEX
COPX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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