MUX vs. COPX
Compare and contrast key facts about McEwen Mining Inc. (MUX) 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
MUX vs. COPX - Performance Comparison
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MUX vs. COPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MUX McEwen Mining Inc. | 10.32% | 137.92% | 7.91% | 23.04% | -33.90% | -10.00% | -22.44% | -30.01% | -19.78% | -21.37% |
COPX Global X Copper Miners ETF | 6.35% | 93.50% | 3.57% | 8.38% | -0.76% | 23.39% | 51.66% | 12.48% | -31.31% | 38.92% |
Returns By Period
In the year-to-date period, MUX achieves a 10.32% return, which is significantly higher than COPX's 6.35% return. Over the past 10 years, MUX has underperformed COPX with an annualized return of 0.64%, while COPX has yielded a comparatively higher 20.82% annualized return.
MUX
- 1D
- 8.27%
- 1M
- -27.97%
- YTD
- 10.32%
- 6M
- 19.42%
- 1Y
- 170.46%
- 3Y*
- 34.09%
- 5Y*
- 13.38%
- 10Y*
- 0.64%
COPX
- 1D
- 7.92%
- 1M
- -20.22%
- YTD
- 6.35%
- 6M
- 30.65%
- 1Y
- 101.10%
- 3Y*
- 28.34%
- 5Y*
- 18.72%
- 10Y*
- 20.82%
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Return for Risk
MUX vs. COPX — Risk / Return Rank
MUX
COPX
MUX vs. COPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for McEwen Mining Inc. (MUX) 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.
| MUX | COPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.63 | 2.41 | +0.22 |
Sortino ratioReturn per unit of downside risk | 2.90 | 2.75 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.38 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 4.55 | 3.46 | +1.09 |
Martin ratioReturn relative to average drawdown | 12.57 | 13.40 | -0.82 |
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
| MUX | COPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.63 | 2.41 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.52 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | 0.59 | -0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.16 | -0.17 |
Correlation
The correlation between MUX and COPX is 0.39, 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.
Dividends
MUX vs. COPX - Dividend Comparison
MUX has not paid dividends to shareholders, while COPX's dividend yield for the trailing twelve months is around 2.52%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUX McEwen Mining Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.39% | 0.55% | 0.44% | 0.34% | 0.47% |
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
MUX vs. COPX - Drawdown Comparison
The maximum MUX drawdown since its inception was -99.67%, which is greater than COPX's maximum drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for MUX and COPX.
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Drawdown Indicators
| MUX | COPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.67% | -83.16% | -16.51% |
Max Drawdown (1Y)Largest decline over 1 year | -36.28% | -27.82% | -8.46% |
Max Drawdown (5Y)Largest decline over 5 years | -82.48% | -42.12% | -40.36% |
Max Drawdown (10Y)Largest decline over 10 years | -93.89% | -65.41% | -28.48% |
Current DrawdownCurrent decline from peak | -93.21% | -20.22% | -72.99% |
Average DrawdownAverage peak-to-trough decline | -86.46% | -39.60% | -46.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.14% | 7.20% | +5.94% |
Volatility
MUX vs. COPX - Volatility Comparison
McEwen Mining Inc. (MUX) has a higher volatility of 21.23% compared to Global X Copper Miners ETF (COPX) at 18.96%. This indicates that MUX'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
| MUX | COPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.23% | 18.96% | +2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 50.53% | 33.75% | +16.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.32% | 42.22% | +23.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.07% | 36.05% | +27.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.01% | 35.51% | +28.50% |