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IPRP.L vs. COPX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IPRP.L vs. COPX

Last updated Jun 13, 2026

IPRP.L (iShares European Property Yield UCITS ETF) and COPX (Global X Copper Miners ETF) are both exchange-traded funds - IPRP.L is a REIT fund tracking the FTSE EPRA Nareit Developed Europe TR EUR, while COPX is a Materials fund tracking the Solactive Global Copper Miners Total Return Index. Both are passively managed. Over the past 10 years, IPRP.L returned 1.88%/yr vs 22.49%/yr for COPX. At a 0.28 correlation, their price movements are largely independent. IPRP.L charges 0.40%/yr vs 0.65%/yr for COPX.

Performance

IPRP.L vs. COPX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares European Property Yield UCITS ETF (IPRP.L) 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

IPRP.L is traded in GBp, while COPX is traded in USD. To make them comparable, the COPX values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, IPRP.L achieves a 0.47% return, which is significantly lower than COPX's 20.36% return. Over the past 10 years, IPRP.L has underperformed COPX with an annualized return of 1.88%, while COPX has yielded a comparatively higher 22.49% annualized return.

IPRP.L

1D
1.60%
1M
0.26%
YTD
0.47%
6M
2.67%
1Y
1.29%
3Y*
11.51%
5Y*
-4.25%
10Y*
1.88%

COPX

1D
3.47%
1M
-5.64%
YTD
20.36%
6M
28.81%
1Y
106.99%
3Y*
31.26%
5Y*
20.52%
10Y*
22.49%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IPRP.L vs. COPX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IPRP.L
iShares European Property Yield UCITS ETF		0.47%13.63%-4.96%15.42%-33.74%1.88%-3.84%18.45%-5.36%19.14%
COPX
Global X Copper Miners ETF		20.36%79.71%5.38%2.96%11.04%24.55%47.20%8.20%-27.23%26.91%

Correlation

The correlation between IPRP.L and COPX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.13

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

0.15

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

0.19

Correlation (10Y)
Calculated over the trailing 10-year period

0.19

Correlation (All Time)
Calculated using the full available price history since Apr 20, 2010

0.28

The correlation between IPRP.L and COPX shifts across timeframes, from 0.13 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.

IPRP.L vs. COPX - Sectors Allocation Comparison

Sectors
IPRP.L
COPX

Real Estate

100.0%

-

Basic Materials

-

96.3%

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

3.7%

Technology

-

-

Utilities

-

-

Real Estate

IPRP.L
100.0%
COPX

-

Basic Materials

IPRP.L

-

COPX
96.3%

Communication Services

IPRP.L

-

COPX

-

Consumer Cyclical

IPRP.L

-

COPX

-

Consumer Defensive

IPRP.L

-

COPX

-

Energy

IPRP.L

-

COPX

-

Financial Services

IPRP.L

-

COPX

-

Healthcare

IPRP.L

-

COPX

-

Industrials

IPRP.L

-

COPX
3.7%

Technology

IPRP.L

-

COPX

-

Utilities

IPRP.L

-

COPX

-

Compare stocks, funds, or ETFs

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iShares European Property Yield UCITS ETF

Global X Copper Miners ETF

Often compared with IPRP.L:
IPRP.L vs. IUSP.LIPRP.L vs. IEUSIPRP.L vs. VNQIPRP.L vs. IDWP.LIPRP.L vs. AYEP.DEIPRP.L vs. XDER.LIPRP.L vs. IJS
Often compared with COPX:
COPX vs. CPERCOPX vs. ICOPCOPX vs. COPPCOPX vs. COPA.LCOPX vs. COPJCOPX vs. GDXCOPX vs. REMX

Return for Risk

IPRP.L vs. COPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IPRP.L
IPRP.L Risk / Return Rank: 1010
Overall Rank
IPRP.L Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
IPRP.L Sortino Ratio Rank: 1010
Sortino Ratio Rank
IPRP.L Omega Ratio Rank: 1010
Omega Ratio Rank
IPRP.L Calmar Ratio Rank: 1010
Calmar Ratio Rank
IPRP.L Martin Ratio Rank: 1010
Martin Ratio Rank
COPX
COPX Risk / Return Rank: 7676
Overall Rank
COPX Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
COPX Sortino Ratio Rank: 6969
Sortino Ratio Rank
COPX Omega Ratio Rank: 7070
Omega Ratio Rank
COPX Calmar Ratio Rank: 8181
Calmar Ratio Rank
COPX Martin Ratio Rank: 7272
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.

IPRP.L vs. COPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares European Property Yield UCITS ETF (IPRP.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

IPRP.LCOPXDifference
Sharpe ratioReturn per unit of total volatility
0.08
2.62

-2.53

Sortino ratioReturn per unit of downside risk
0.23
2.88

-2.66

Omega ratioGain probability vs. loss probability

1.03

1.39

-0.36

Calmar ratioReturn relative to maximum drawdown

0.08

3.98

-3.90

Martin ratioReturn relative to average drawdown

0.21

12.54

-12.34

IPRP.L vs. COPX - Sharpe Ratio Comparison

The current IPRP.L Sharpe Ratio is 0.08, which is lower than the COPX Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of IPRP.L 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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Drawdowns

IPRP.L vs. COPX - Drawdown Comparison

The maximum IPRP.L drawdown since its inception was -64.48%, smaller than the maximum COPX drawdown of -81.19%. Use the drawdown chart below to compare losses from any high point for IPRP.L and COPX.

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Drawdown Indicators

IPRP.LCOPXDifference

Max Drawdown

Largest peak-to-trough decline

-64.48%

-81.19%

+16.71%

Max Drawdown (1Y)

Largest decline over 1 year

-16.12%

-27.06%

+10.94%

Max Drawdown (3Y)

Largest decline over 3 years

-16.12%

-40.03%

+23.91%

Max Drawdown (5Y)

Largest decline over 5 years

-48.77%

-40.03%

-8.74%

Max Drawdown (10Y)

Largest decline over 10 years

-48.77%

-59.06%

+10.29%

Current Drawdown

Current decline from peak

-23.83%

-9.65%

-14.18%

Average Drawdown

Average peak-to-trough decline

-16.67%

-34.96%

+18.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.28%

8.56%

-2.28%

Volatility

IPRP.L vs. COPX - Volatility Comparison

The current volatility for iShares European Property Yield UCITS ETF (IPRP.L) is 4.23%, while Global X Copper Miners ETF (COPX) has a volatility of 18.35%. This indicates that IPRP.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.

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Volatility by Period

IPRP.LCOPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.23%

18.35%

-14.12%

Volatility (6M)

Calculated over the trailing 6-month period

13.05%

35.74%

-22.69%

Volatility (1Y)

Calculated over the trailing 1-year period

15.28%

41.09%

-25.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.53%

33.61%

-12.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.35%

33.37%

-14.02%

IPRP.L vs. COPX - Expense Ratio Comparison

IPRP.L has a 0.40% expense ratio, which is lower than COPX's 0.65% expense ratio.

Dividends

IPRP.L vs. COPX - Dividend Comparison

IPRP.L's dividend yield for the trailing twelve months is around 0.50%, less than COPX's 2.24% yield.

PositionTTM20252024202320222021202020192018201720162015
COPX
Global X Copper Miners ETF		2.24%2.68%1.80%2.39%3.14%1.48%1.30%1.37%2.59%1.57%0.60%1.20%
IPRP.L
iShares European Property Yield UCITS ETF		0.50%2.83%2.79%2.62%4.20%2.11%2.68%3.07%3.24%2.81%2.49%2.59%

Frequently Asked Questions

IPRP.L and COPX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IPRP.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IPRP.L is cheaper with a 0.40% expense ratio, compared with 0.65% for COPX.

IPRP.L is categorized as REIT, while COPX is Materials. IPRP.L tracks FTSE EPRA Nareit Developed Europe TR EUR, while COPX tracks Solactive Global Copper Miners Total Return Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.40% for IPRP.L and 0.65% for COPX.

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