IUSE.L vs. 4COP.DE
IUSE.L (iShares S&P 500 EUR Hedged UCITS ETF Acc) and 4COP.DE (Global X Copper Miners UCITS ETF USD Accumulating) are both exchange-traded funds - IUSE.L is a S&P 500 fund tracking the S&P 500 EUR Hedged Index, while 4COP.DE is a Copper fund tracking the Solactive Global Copper Miners v2 Index. Both are passively managed. Over the past 3 years, IUSE.L returned 17.50%/yr vs 26.58%/yr for 4COP.DE. At a 0.48 correlation, their price movements are largely independent. IUSE.L charges 0.20%/yr vs 0.55%/yr for 4COP.DE.
Performance
IUSE.L vs. 4COP.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IUSE.L having a 8.85% return and 4COP.DE slightly higher at 9.18%.
IUSE.L
- 1D
- 0.14%
- 1M
- -0.08%
- 6M
- 8.61%
- YTD
- 8.85%
- 1Y
- 18.98%
- 3Y*
- 17.50%
- 5Y*
- 10.41%
- 10Y*
- 12.18%
4COP.DE
- 1D
- -1.73%
- 1M
- -12.93%
- 6M
- -5.24%
- YTD
- 9.18%
- 1Y
- 82.40%
- 3Y*
- 26.58%
- 5Y*
- —
- 10Y*
- —
IUSE.L vs. 4COP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IUSE.L iShares S&P 500 EUR Hedged UCITS ETF Acc | 8.85% | 14.95% | 23.21% | 23.05% | -21.17% | 2.01% |
4COP.DE Global X Copper Miners UCITS ETF USD Accumulating | 9.18% | 73.65% | 9.36% | 4.93% | 6.75% | 1.24% |
Correlation
The correlation between IUSE.L and 4COP.DE is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2021 | 0.48 |
The correlation between IUSE.L and 4COP.DE has been stable across timeframes, ranging from 0.46 to 0.50 - a consistent structural relationship.
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Return for Risk
IUSE.L vs. 4COP.DE — Risk / Return Rank
IUSE.L
4COP.DE
IUSE.L vs. 4COP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 EUR Hedged UCITS ETF Acc (IUSE.L) and Global X Copper Miners UCITS ETF USD Accumulating (4COP.DE). 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.
| IUSE.L | 4COP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.30 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 3.14 | -0.96 |
| Martin ratioReturn relative to average drawdown | 8.77 | 8.51 | +0.26 |
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Drawdowns
IUSE.L vs. 4COP.DE - Drawdown Comparison
The maximum IUSE.L drawdown since its inception was -34.75%, smaller than the maximum 4COP.DE drawdown of -39.13%. Use the drawdown chart below to compare losses from any high point for IUSE.L and 4COP.DE.
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Drawdown Indicators
| IUSE.L | 4COP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.75% | -39.13% | +4.38% |
Max Drawdown (1Y)Largest decline over 1 year | -8.67% | -26.21% | +17.54% |
Max Drawdown (3Y)Largest decline over 3 years | -18.33% | -39.13% | +20.80% |
Max Drawdown (5Y)Largest decline over 5 years | -26.23% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.75% | — | — |
Current DrawdownCurrent decline from peak | -0.77% | -17.10% | +16.33% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -14.66% | +10.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 9.68% | -7.52% |
Volatility
IUSE.L vs. 4COP.DE - Volatility Comparison
The current volatility for iShares S&P 500 EUR Hedged UCITS ETF Acc (IUSE.L) is 2.80%, while Global X Copper Miners UCITS ETF USD Accumulating (4COP.DE) has a volatility of 13.01%. This indicates that IUSE.L experiences smaller price fluctuations and is considered to be less risky than 4COP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSE.L | 4COP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 13.01% | -10.21% |
Volatility (6M)Calculated over the trailing 6-month period | 9.28% | 35.53% | -26.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.04% | 41.88% | -29.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.07% | 33.58% | -17.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 33.58% | -17.30% |
IUSE.L vs. 4COP.DE - Expense Ratio Comparison
IUSE.L has a 0.20% expense ratio, which is lower than 4COP.DE's 0.55% expense ratio.
Dividends
IUSE.L vs. 4COP.DE - Dividend Comparison
Neither IUSE.L nor 4COP.DE has paid dividends to shareholders.
Frequently Asked Questions
IUSE.L and 4COP.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSE.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSE.L is cheaper with a 0.20% expense ratio, compared with 0.55% for 4COP.DE.
IUSE.L is categorized as S&P 500, while 4COP.DE is Copper. IUSE.L tracks S&P 500 EUR Hedged Index, while 4COP.DE tracks Solactive Global Copper Miners v2 Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.20% for IUSE.L and 0.55% for 4COP.DE.
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