HG=F vs. COPX
Compare and contrast key facts about Copper (HG=F) 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: HG=F or COPX.
Correlation
The correlation between HG=F and COPX is 0.29, 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
HG=F vs. COPX - Performance Comparison
Key characteristics
HG=F:
0.13
COPX:
-0.26
HG=F:
0.34
COPX:
-0.11
HG=F:
1.05
COPX:
0.99
HG=F:
0.14
COPX:
-0.26
HG=F:
0.36
COPX:
-0.52
HG=F:
8.73%
COPX:
19.53%
HG=F:
25.56%
COPX:
39.19%
HG=F:
-62.54%
COPX:
-83.16%
HG=F:
-7.25%
COPX:
-24.38%
Returns By Period
In the year-to-date period, HG=F achieves a 20.20% return, which is significantly higher than COPX's 2.65% return. Over the past 10 years, HG=F has underperformed COPX with an annualized return of 5.56%, while COPX has yielded a comparatively higher 6.97% annualized return.
HG=F
20.20%
-5.07%
11.53%
5.93%
15.03%
5.56%
COPX
2.65%
-4.95%
-11.72%
-16.11%
25.54%
6.97%
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Risk-Adjusted Performance
HG=F vs. COPX — Risk-Adjusted Performance Rank
HG=F
COPX
HG=F vs. COPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Copper (HG=F) 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.
Drawdowns
HG=F vs. COPX - Drawdown Comparison
The maximum HG=F drawdown since its inception was -62.54%, smaller than the maximum COPX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for HG=F and COPX. For additional features, visit the drawdowns tool.
Volatility
HG=F vs. COPX - Volatility Comparison
The current volatility for Copper (HG=F) is 13.73%, while Global X Copper Miners ETF (COPX) has a volatility of 20.36%. This indicates that HG=F 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.