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HBGD.TO vs. COPX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HBGD.TO vs. COPX

Last updated Jun 4, 2026

HBGD.TO (Global X Big Data & Hardware Index ETF) and COPX (Global X Copper Miners ETF) are both exchange-traded funds - HBGD.TO is a Global Equities fund managed by Global X, while COPX is a Materials fund tracking the Solactive Global Copper Miners Total Return Index. Over the past 5 years, HBGD.TO returned 61.94%/yr vs 23.30%/yr for COPX. At a 0.35 correlation, their price movements are largely independent. HBGD.TO charges 0.64%/yr vs 0.65%/yr for COPX.

Performance

HBGD.TO vs. COPX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Big Data & Hardware Index ETF (HBGD.TO) and Global X Copper Miners ETF (COPX). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

HBGD.TO is traded in CAD, while COPX is traded in USD. To make them comparable, the COPX values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HBGD.TO achieves a 82.51% return, which is significantly higher than COPX's 27.31% return.

HBGD.TO

1D
-1.98%
1M
29.31%
YTD
82.51%
6M
82.99%
1Y
184.36%
3Y*
67.20%
5Y*
61.94%
10Y*
—

COPX

1D
-3.25%
1M
20.09%
YTD
27.31%
6M
36.37%
1Y
123.67%
3Y*
38.95%
5Y*
23.30%
10Y*
22.83%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HBGD.TO vs. COPX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
HBGD.TO
Global X Big Data & Hardware Index ETF		82.51%53.48%15.92%129.66%-56.87%375.98%117.21%41.31%-100.00%
COPX
Global X Copper Miners ETF		27.31%84.63%12.46%5.99%6.31%22.27%49.09%6.95%-21.83%

Correlation

The correlation between HBGD.TO and COPX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.44

Correlation (3Y)
Calculated over the trailing 3-year period

0.37

Correlation (5Y)
Calculated over the trailing 5-year period

0.37

Correlation (All Time)
Calculated using the full available price history since Jun 22, 2018

0.35

HBGD.TO vs. COPX - Sectors Allocation Comparison

Sectors
HBGD.TO
COPX

Technology

68.7%

-

Financial Services

24.9%

-

Real Estate

4.4%

-

Communication Services

2.0%

-

Basic Materials

-

96.3%

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

3.7%

Utilities

-

-

Technology

HBGD.TO
68.7%
COPX

-

Financial Services

HBGD.TO
24.9%
COPX

-

Real Estate

HBGD.TO
4.4%
COPX

-

Communication Services

HBGD.TO
2.0%
COPX

-

Basic Materials

HBGD.TO

-

COPX
96.3%

Consumer Cyclical

HBGD.TO

-

COPX

-

Consumer Defensive

HBGD.TO

-

COPX

-

Energy

HBGD.TO

-

COPX

-

Healthcare

HBGD.TO

-

COPX

-

Industrials

HBGD.TO

-

COPX
3.7%

Utilities

HBGD.TO

-

COPX

-

Compare stocks, funds, or ETFs

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

Global X Big Data & Hardware Index ETF

Global X Copper Miners ETF

Often compared with HBGD.TO:
HBGD.TO vs. MTRX.TOHBGD.TO vs. CHPS-U.TOHBGD.TO vs. CHPS.TOHBGD.TO vs. SMHHBGD.TO vs. JPGL.LHBGD.TO vs. QYLDHBGD.TO vs. IQM
Often compared with COPX:
COPX vs. CPERCOPX vs. ICOPCOPX vs. COPPCOPX vs. COPA.LCOPX vs. COPJCOPX vs. GDXCOPX vs. REMX

Return for Risk

HBGD.TO vs. COPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HBGD.TO
HBGD.TO Risk / Return Rank: 9494
Overall Rank
HBGD.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
HBGD.TO Sortino Ratio Rank: 9494
Sortino Ratio Rank
HBGD.TO Omega Ratio Rank: 9292
Omega Ratio Rank
HBGD.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
HBGD.TO Martin Ratio Rank: 9393
Martin Ratio Rank
COPX
COPX Risk / Return Rank: 7575
Overall Rank
COPX Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
COPX Sortino Ratio Rank: 6767
Sortino Ratio Rank
COPX Omega Ratio Rank: 6767
Omega Ratio Rank
COPX Calmar Ratio Rank: 8282
Calmar Ratio Rank
COPX Martin Ratio Rank: 7373
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HBGD.TO vs. COPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Big Data & Hardware Index ETF (HBGD.TO) 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.

HBGD.TOCOPXDifference
Sharpe ratioReturn per unit of total volatility
4.84
3.11

+1.73

Sortino ratioReturn per unit of downside risk
4.92
3.34

+1.58

Omega ratioGain probability vs. loss probability

1.62

1.44

+0.18

Calmar ratioReturn relative to maximum drawdown

8.40

4.54

+3.86

Martin ratioReturn relative to average drawdown

25.05

14.98

+10.07

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HBGD.TO vs. COPX - Sharpe Ratio Comparison

The current HBGD.TO Sharpe Ratio is 4.84, which is higher than the COPX Sharpe Ratio of 3.11. The chart below compares the historical Sharpe Ratios of HBGD.TO and COPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

HBGD.TOCOPXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.84

3.11

+1.73

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

0.70

-0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.71

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.74

0.28

-1.02

Drawdowns

HBGD.TO vs. COPX - Drawdown Comparison

The maximum HBGD.TO drawdown since its inception was -100.00%, which is greater than COPX's maximum drawdown of -75.17%. Use the drawdown chart below to compare losses from any high point for HBGD.TO and COPX.

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Drawdown Indicators

HBGD.TOCOPXDifference

Max Drawdown

Largest peak-to-trough decline

-100.00%

-75.17%

-24.83%

Max Drawdown (1Y)

Largest decline over 1 year

-22.09%

-27.39%

+5.30%

Max Drawdown (3Y)

Largest decline over 3 years

-38.68%

-36.90%

-1.78%

Max Drawdown (5Y)

Largest decline over 5 years

-63.43%

-39.37%

-24.06%

Max Drawdown (10Y)

Largest decline over 10 years

—

-59.78%

—

Current Drawdown

Current decline from peak

-99.97%

-3.91%

-96.06%

Average Drawdown

Average peak-to-trough decline

-99.99%

-31.72%

-68.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.39%

8.29%

-0.90%

Volatility

HBGD.TO vs. COPX - Volatility Comparison

The current volatility for Global X Big Data & Hardware Index ETF (HBGD.TO) is 13.31%, while Global X Copper Miners ETF (COPX) has a volatility of 15.34%. This indicates that HBGD.TO 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

HBGD.TOCOPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

13.31%

15.34%

-2.03%

Volatility (6M)

Calculated over the trailing 6-month period

28.67%

34.54%

-5.87%

Volatility (1Y)

Calculated over the trailing 1-year period

38.34%

40.01%

-1.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

96.54%

33.35%

+63.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

87.39%

32.49%

+54.90%

HBGD.TO vs. COPX - Expense Ratio Comparison

HBGD.TO has a 0.64% expense ratio, which is lower than COPX's 0.65% expense ratio.

Dividends

HBGD.TO vs. COPX - Dividend Comparison

HBGD.TO's dividend yield for the trailing twelve months is around 0.21%, less than COPX's 2.13% yield.

PositionTTM20252024202320222021202020192018201720162015
COPX
Global X Copper Miners ETF		2.13%2.68%1.80%2.39%3.14%1.48%1.30%1.37%2.59%1.57%0.60%1.20%
HBGD.TO
Global X Big Data & Hardware Index ETF		0.21%0.39%0.53%0.64%1.22%0.83%0.32%1.52%0.68%0.00%0.00%0.00%

Frequently Asked Questions

HBGD.TO and COPX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, HBGD.TO is cheaper at 0.64% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HBGD.TO is cheaper with a 0.64% expense ratio, compared with 0.65% for COPX.

HBGD.TO is categorized as Global Equities, while COPX is Materials. Their fees differ too: 0.64% for HBGD.TO and 0.65% for COPX.

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