PHSP.L vs. 4COP.DE
PHSP.L (WisdomTree Physical Silver) and 4COP.DE (Global X Copper Miners UCITS ETF USD Accumulating) are both exchange-traded funds - PHSP.L is a Silver fund tracking the LBMA Silver Price, while 4COP.DE is a Copper fund tracking the Solactive Global Copper Miners v2 Index. Both are passively managed. Over the past 3 years, PHSP.L returned 28.72%/yr vs 24.32%/yr for 4COP.DE. A 0.51 correlation means they provide meaningful diversification when combined. PHSP.L charges 0.49%/yr vs 0.55%/yr for 4COP.DE.
Performance
PHSP.L vs. 4COP.DE - Performance Comparison
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Different Trading Currencies
PHSP.L is traded in GBp, while 4COP.DE is traded in EUR. To make them comparable, the 4COP.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, PHSP.L achieves a -22.02% return, which is significantly lower than 4COP.DE's 1.02% return.
PHSP.L
- 1D
- -0.64%
- 1M
- -16.75%
- 6M
- -37.43%
- YTD
- -22.02%
- 1Y
- 45.55%
- 3Y*
- 28.72%
- 5Y*
- 16.80%
- 10Y*
- 10.07%
4COP.DE
- 1D
- -2.95%
- 1M
- -15.85%
- 6M
- -9.31%
- YTD
- 1.02%
- 1Y
- 70.67%
- 3Y*
- 24.32%
- 5Y*
- —
- 10Y*
- —
PHSP.L vs. 4COP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PHSP.L WisdomTree Physical Silver | -22.02% | 129.68% | 22.85% | -6.51% | 15.50% | -1.70% |
4COP.DE Global X Copper Miners UCITS ETF USD Accumulating | 1.02% | 82.68% | 4.59% | 2.84% | 12.60% | 1.05% |
Correlation
The correlation between PHSP.L and 4COP.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2021 | 0.51 |
Over the past year, PHSP.L and 4COP.DE have become more correlated (0.72) than their long-term average of 0.51, meaning their price movements have been converging.
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Return for Risk
PHSP.L vs. 4COP.DE — Risk / Return Rank
PHSP.L
4COP.DE
PHSP.L vs. 4COP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Silver (PHSP.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.
| PHSP.L | 4COP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.27 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 2.69 | -1.76 |
| Martin ratioReturn relative to average drawdown | 1.96 | 7.01 | -5.05 |
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Drawdowns
PHSP.L vs. 4COP.DE - Drawdown Comparison
The maximum PHSP.L drawdown since its inception was -70.04%, which is greater than 4COP.DE's maximum drawdown of -39.19%. Use the drawdown chart below to compare losses from any high point for PHSP.L and 4COP.DE.
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Drawdown Indicators
| PHSP.L | 4COP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.04% | -39.19% | -30.85% |
Max Drawdown (1Y)Largest decline over 1 year | -49.80% | -26.54% | -23.26% |
Max Drawdown (3Y)Largest decline over 3 years | -49.80% | -39.19% | -10.61% |
Max Drawdown (5Y)Largest decline over 5 years | -49.80% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -49.80% | — | — |
Current DrawdownCurrent decline from peak | -49.80% | -23.18% | -26.62% |
Average DrawdownAverage peak-to-trough decline | -44.03% | -13.67% | -30.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.43% | 10.16% | +13.27% |
Volatility
PHSP.L vs. 4COP.DE - Volatility Comparison
WisdomTree Physical Silver (PHSP.L) and Global X Copper Miners UCITS ETF USD Accumulating (4COP.DE) have volatilities of 12.52% and 12.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHSP.L | 4COP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.52% | 12.82% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 50.48% | 35.44% | +15.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.31% | 41.52% | +14.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.72% | 32.94% | +3.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.04% | 32.94% | -1.90% |
PHSP.L vs. 4COP.DE - Expense Ratio Comparison
PHSP.L has a 0.49% expense ratio, which is lower than 4COP.DE's 0.55% expense ratio.
Dividends
PHSP.L vs. 4COP.DE - Dividend Comparison
Neither PHSP.L nor 4COP.DE has paid dividends to shareholders.
Frequently Asked Questions
PHSP.L and 4COP.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PHSP.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PHSP.L is cheaper with a 0.49% expense ratio, compared with 0.55% for 4COP.DE.
PHSP.L is categorized as Silver, while 4COP.DE is Copper. PHSP.L tracks LBMA Silver Price, while 4COP.DE tracks Solactive Global Copper Miners v2 Index. They also come from different issuers: WisdomTree and Global X. Their fees differ too: 0.49% for PHSP.L and 0.55% for 4COP.DE.
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