PGY vs. COPX
PGY (Pagaya Technologies Ltd.) is a stock, while COPX (Global X Copper Miners ETF) is Copper fund tracking the Solactive Global Copper Miners Total Return Index. Over the past 3 years, PGY returned -10.60%/yr vs 25.23%/yr for COPX. At a 0.30 correlation, their price movements are largely independent.
Performance
PGY vs. COPX - Performance Comparison
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Returns By Period
In the year-to-date period, PGY achieves a -17.94% return, which is significantly lower than COPX's 2.52% return.
PGY
- 1D
- -1.94%
- 1M
- 14.11%
- 6M
- -22.01%
- YTD
- -17.94%
- 1Y
- -41.86%
- 3Y*
- -10.60%
- 5Y*
- —
- 10Y*
- —
COPX
- 1D
- -1.78%
- 1M
- -15.17%
- 6M
- -8.88%
- YTD
- 2.52%
- 1Y
- 71.12%
- 3Y*
- 25.23%
- 5Y*
- 18.55%
- 10Y*
- 18.34%
PGY vs. COPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PGY Pagaya Technologies Ltd. | -17.94% | 124.97% | -43.90% | 11.29% | -82.29% |
COPX Global X Copper Miners ETF | 2.52% | 93.50% | 3.57% | 8.38% | 11.30% |
Correlation
The correlation between PGY and COPX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2022 | 0.30 |
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Return for Risk
PGY vs. COPX — Risk / Return Rank
PGY
COPX
PGY vs. COPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pagaya Technologies Ltd. (PGY) 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.
| PGY | COPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -2.47 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.26 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | 2.57 | -3.12 |
| Martin ratioReturn relative to average drawdown | -0.79 | 6.77 | -7.57 |
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Drawdowns
PGY vs. COPX - Drawdown Comparison
The maximum PGY drawdown since its inception was -98.09%, which is greater than COPX's maximum drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for PGY and COPX.
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Drawdown Indicators
| PGY | COPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.09% | -83.16% | -14.93% |
Max Drawdown (1Y)Largest decline over 1 year | -75.71% | -27.82% | -47.89% |
Max Drawdown (3Y)Largest decline over 3 years | -75.71% | -39.72% | -35.99% |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -65.41% | — |
Current DrawdownCurrent decline from peak | -95.23% | -23.09% | -72.14% |
Average DrawdownAverage peak-to-trough decline | -92.17% | -39.16% | -53.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.85% | 10.53% | +42.32% |
Volatility
PGY vs. COPX - Volatility Comparison
Pagaya Technologies Ltd. (PGY) has a higher volatility of 18.36% compared to Global X Copper Miners ETF (COPX) at 13.82%. This indicates that PGY'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
| PGY | COPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.36% | 13.82% | +4.54% |
Volatility (6M)Calculated over the trailing 6-month period | 56.50% | 39.63% | +16.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.44% | 45.39% | +35.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 143.29% | 37.25% | +106.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 143.29% | 35.81% | +107.48% |
Dividends
PGY vs. COPX - Dividend Comparison
PGY has not paid dividends to shareholders, while COPX's dividend yield for the trailing twelve months is around 2.63%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COPX Global X Copper Miners ETF | 2.63% | 2.68% | 1.80% | 2.39% | 3.14% | 1.48% | 1.30% | 1.37% | 2.59% | 1.57% | 0.60% | 1.20% |
PGY Pagaya Technologies Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PGY and COPX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGY has higher volatility (18.36%) compared to COPX (13.82%). In terms of maximum drawdown, PGY dropped -98.09% vs COPX's -83.16%.
COPX currently has the higher Sharpe Ratio (1.58 vs -0.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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