ISAG.L vs. COPX.L
ISAG.L (iShares Agribusiness UCITS ETF USD (Acc)) and COPX.L (Global X Copper Miners UCITS ETF USD (Acc)) are both exchange-traded funds - ISAG.L is a Commodity Producers Equities fund tracking the S&P Commodity Producers Agribusiness Index NTR, while COPX.L is a Copper fund tracking the Solactive Global Copper Miners v2 Index. Both are passively managed. Over the past 3 years, ISAG.L returned 5.11%/yr vs 25.62%/yr for COPX.L. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 0.55% expense ratio.
Performance
ISAG.L vs. COPX.L - Performance Comparison
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Returns By Period
In the year-to-date period, ISAG.L achieves a 12.83% return, which is significantly higher than COPX.L's 2.04% return.
ISAG.L
- 1D
- 0.55%
- 1M
- 2.83%
- 6M
- 6.21%
- YTD
- 12.83%
- 1Y
- 16.69%
- 3Y*
- 5.11%
- 5Y*
- 4.76%
- 10Y*
- 7.36%
COPX.L
- 1D
- -2.81%
- 1M
- -18.83%
- 6M
- -8.40%
- YTD
- 2.04%
- 1Y
- 72.23%
- 3Y*
- 25.62%
- 5Y*
- —
- 10Y*
- —
ISAG.L vs. COPX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISAG.L iShares Agribusiness UCITS ETF USD (Acc) | 12.83% | 16.78% | -5.66% | -8.90% | 2.73% | 0.95% |
COPX.L Global X Copper Miners UCITS ETF USD (Acc) | 2.04% | 95.08% | 2.12% | 9.04% | 0.56% | 2.02% |
Correlation
The correlation between ISAG.L and COPX.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2021 | 0.52 |
The correlation between ISAG.L and COPX.L shifts across timeframes, from 0.32 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ISAG.L vs. COPX.L — Risk / Return Rank
ISAG.L
COPX.L
ISAG.L vs. COPX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Agribusiness UCITS ETF USD (Acc) (ISAG.L) and Global X Copper Miners UCITS ETF USD (Acc) (COPX.L). 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.
| ISAG.L | COPX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.26 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 2.58 | -0.95 |
| Martin ratioReturn relative to average drawdown | 4.59 | 6.65 | -2.06 |
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Drawdowns
ISAG.L vs. COPX.L - Drawdown Comparison
The maximum ISAG.L drawdown since its inception was -37.16%, smaller than the maximum COPX.L drawdown of -42.34%. Use the drawdown chart below to compare losses from any high point for ISAG.L and COPX.L.
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Drawdown Indicators
| ISAG.L | COPX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.16% | -42.34% | +5.18% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -27.82% | +17.65% |
Max Drawdown (3Y)Largest decline over 3 years | -19.13% | -37.96% | +18.83% |
Max Drawdown (5Y)Largest decline over 5 years | -33.22% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.16% | — | — |
Current DrawdownCurrent decline from peak | -6.32% | -23.84% | +17.52% |
Average DrawdownAverage peak-to-trough decline | -10.38% | -15.45% | +5.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 10.83% | -7.20% |
Volatility
ISAG.L vs. COPX.L - Volatility Comparison
The current volatility for iShares Agribusiness UCITS ETF USD (Acc) (ISAG.L) is 2.41%, while Global X Copper Miners UCITS ETF USD (Acc) (COPX.L) has a volatility of 13.20%. This indicates that ISAG.L experiences smaller price fluctuations and is considered to be less risky than COPX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISAG.L | COPX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.41% | 13.20% | -10.79% |
Volatility (6M)Calculated over the trailing 6-month period | 10.29% | 38.23% | -27.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.49% | 44.25% | -30.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.62% | 37.62% | -20.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.84% | 37.62% | -19.78% |
ISAG.L vs. COPX.L - Expense Ratio Comparison
Both ISAG.L and COPX.L have an expense ratio of 0.55%.
Dividends
ISAG.L vs. COPX.L - Dividend Comparison
Neither ISAG.L nor COPX.L has paid dividends to shareholders.
Frequently Asked Questions
ISAG.L and COPX.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ISAG.L and COPX.L have the same expense ratio: 0.55% per year.
ISAG.L is categorized as Commodity Producers Equities, while COPX.L is Copper. ISAG.L tracks S&P Commodity Producers Agribusiness Index NTR, while COPX.L tracks Solactive Global Copper Miners v2 Index. They also come from different issuers: iShares and Global X.
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