LUN.TO vs. COPX
Compare and contrast key facts about Lundin Mining Corporation (LUN.TO) 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.
Performance
LUN.TO vs. COPX - Performance Comparison
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LUN.TO vs. COPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LUN.TO Lundin Mining Corporation | 17.70% | 141.31% | 17.72% | 35.67% | -11.74% | -9.34% | 49.12% | 40.12% | -31.40% | 32.67% |
COPX Global X Copper Miners ETF | 7.79% | 84.63% | 12.46% | 5.99% | 6.31% | 22.27% | 49.09% | 6.95% | -25.48% | 30.08% |
Different Trading Currencies
LUN.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, LUN.TO achieves a 17.70% return, which is significantly higher than COPX's 7.79% return. Over the past 10 years, LUN.TO has outperformed COPX with an annualized return of 26.87%, while COPX has yielded a comparatively lower 21.63% annualized return.
LUN.TO
- 1D
- 10.72%
- 1M
- -20.11%
- YTD
- 17.70%
- 6M
- 67.43%
- 1Y
- 199.22%
- 3Y*
- 59.53%
- 5Y*
- 25.04%
- 10Y*
- 26.87%
COPX
- 1D
- 7.80%
- 1M
- -18.64%
- YTD
- 7.79%
- 6M
- 30.53%
- 1Y
- 94.40%
- 3Y*
- 29.57%
- 5Y*
- 21.19%
- 10Y*
- 21.63%
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Return for Risk
LUN.TO vs. COPX — Risk / Return Rank
LUN.TO
COPX
LUN.TO vs. COPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lundin Mining Corporation (LUN.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.
| LUN.TO | COPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.73 | 2.35 | +1.38 |
Sortino ratioReturn per unit of downside risk | 3.65 | 2.69 | +0.96 |
Omega ratioGain probability vs. loss probability | 1.51 | 1.37 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 5.72 | 3.32 | +2.41 |
Martin ratioReturn relative to average drawdown | 22.91 | 12.71 | +10.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LUN.TO | COPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.73 | 2.35 | +1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.65 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.67 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.25 | -0.25 |
Correlation
The correlation between LUN.TO and COPX is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
LUN.TO vs. COPX - Dividend Comparison
LUN.TO's dividend yield for the trailing twelve months is around 0.32%, less than COPX's 2.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LUN.TO Lundin Mining Corporation | 0.32% | 0.59% | 3.64% | 3.32% | 5.66% | 3.95% | 1.42% | 1.55% | 2.13% | 1.44% | 0.00% | 0.00% |
COPX Global X Copper Miners ETF | 2.52% | 2.68% | 1.80% | 2.39% | 3.14% | 1.48% | 1.30% | 1.37% | 2.59% | 1.57% | 0.60% | 1.20% |
Drawdowns
LUN.TO vs. COPX - Drawdown Comparison
The maximum LUN.TO drawdown since its inception was -95.33%, which is greater than COPX's maximum drawdown of -75.17%. Use the drawdown chart below to compare losses from any high point for LUN.TO and COPX.
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Drawdown Indicators
| LUN.TO | COPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.33% | -83.16% | -12.17% |
Max Drawdown (1Y)Largest decline over 1 year | -33.67% | -27.82% | -5.85% |
Max Drawdown (5Y)Largest decline over 5 years | -57.61% | -42.12% | -15.49% |
Max Drawdown (10Y)Largest decline over 10 years | -57.61% | -65.41% | +7.80% |
Current DrawdownCurrent decline from peak | -21.82% | -20.22% | -1.60% |
Average DrawdownAverage peak-to-trough decline | -48.47% | -39.60% | -8.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.41% | 7.20% | +1.21% |
Volatility
LUN.TO vs. COPX - Volatility Comparison
Lundin Mining Corporation (LUN.TO) has a higher volatility of 22.19% compared to Global X Copper Miners ETF (COPX) at 18.75%. This indicates that LUN.TO's price experiences larger fluctuations and is considered to be riskier 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
| LUN.TO | COPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.19% | 18.75% | +3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 40.87% | 32.64% | +8.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.80% | 40.44% | +13.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.41% | 32.77% | +12.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.84% | 32.31% | +13.53% |