SHEH vs. COPY

Last updated Jul 30, 2026

SHEH (Shell plc ADRhedged ETF) and COPY (Tweedy, Browne Insider + Value ETF) are both exchange-traded funds - SHEH is a Energy Equities fund tracking the Shell plc - Benchmark Price Return, while COPY is a Global Equities fund actively managed by Tweedy, Browne. SHEH is passively managed, while COPY is actively managed. Over the past year, SHEH returned 23.86% vs 32.25% for COPY. Their 0.10 correlation means their historical movements had little consistent relationship. SHEH charges 0.19%/yr vs 0.80%/yr for COPY.

Performance

SHEH vs. COPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Shell plc ADRhedged ETF (SHEH) and Tweedy, Browne Insider + Value ETF (COPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHEH achieves a 22.29% return, which is significantly higher than COPY's 20.85% return.

SHEH

• 1D: 1.98%
• 1M: 13.74%
• 6M: 21.43%
• YTD: 22.29%
• 1Y: 23.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 28.80%

COPY

• 1D: -0.23%
• 1M: 5.41%
• 6M: 13.05%
• YTD: 20.85%
• 1Y: 32.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 32.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
COPY Tweedy, Browne Insider + Value ETF	$2.91M	$2.11M	$1.94M
SHEH Shell plc ADRhedged ETF	$470.58K	$486.89K	$265.20K

SHEH vs. COPY - Yearly Performance Comparison

	2026 (YTD)	2025
SHEH Shell plc ADRhedged ETF	22.29%	12.63%
COPY Tweedy, Browne Insider + Value ETF	20.85%	27.99%

Correlation

The correlation between SHEH and COPY is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.05
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	0.10

Return for Risk

SHEH vs. COPY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SHEH

SHEH Risk / Return Rank: 45
SHEH Sharpe Ratio Rank: 49
SHEH Sortino Ratio Rank: 48
SHEH Omega Ratio Rank: 47
SHEH Calmar Ratio Rank: 41
SHEH Martin Ratio Rank: 38

COPY

COPY Risk / Return Rank: 92
COPY Sharpe Ratio Rank: 94
COPY Sortino Ratio Rank: 94
COPY Omega Ratio Rank: 92
COPY Calmar Ratio Rank: 88
COPY Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SHEH vs. COPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shell plc ADRhedged ETF (SHEH) and Tweedy, Browne Insider + Value ETF (COPY). 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.

	SHEH	COPY	Difference
Sharpe ratio: Return per unit of total volatility	1.15	2.48	-1.33
Sortino ratio: Return per unit of downside risk	1.64	3.60	-1.97
Omega ratio: Gain probability vs. loss probability	1.20	1.44	-0.24
Calmar ratio: Return relative to maximum drawdown	1.37	3.57	-2.21
Martin ratio: Return relative to average drawdown	3.73	14.62	-10.89

SHEH vs. COPY - Sharpe Ratio Comparison

The current SHEH Sharpe Ratio is 1.15, which is lower than the COPY Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of SHEH and COPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SHEH vs. COPY - Drawdown Comparison

The maximum SHEH drawdown since its inception was -17.53%, which is greater than COPY's maximum drawdown of -14.05%. Use the drawdown chart below to compare losses from any high point for SHEH and COPY.

Drawdown Indicators

	SHEH	COPY	Difference
Max Drawdown Largest peak-to-trough decline	-17.53%	-14.05%	-3.48%
Max Drawdown (1Y) Largest decline over 1 year	-17.53%	-9.07%	-8.46%
Current Drawdown Current decline from peak	-5.72%	-0.23%	-5.49%
Average Drawdown Average peak-to-trough decline	-4.14%	-1.49%	-2.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.41%	2.23%	+4.18%

Volatility

SHEH vs. COPY - Volatility Comparison

Shell plc ADRhedged ETF (SHEH) has a higher volatility of 6.94% compared to Tweedy, Browne Insider + Value ETF (COPY) at 3.07%. This indicates that SHEH's price experiences larger fluctuations and is considered to be riskier than COPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHEH	COPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.94%	3.07%	+3.87%
Volatility (6M) Calculated over the trailing 6-month period	17.33%	10.09%	+7.24%
Volatility (1Y) Calculated over the trailing 1-year period	20.94%	13.07%	+7.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.54%	16.90%	+3.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.54%	16.90%	+3.64%

SHEH vs. COPY - Expense Ratio Comparison

SHEH has a 0.19% expense ratio, which is lower than COPY's 0.80% expense ratio.

Dividends

SHEH vs. COPY - Dividend Comparison

SHEH's dividend yield for the trailing twelve months is around 1.90%, more than COPY's 0.79% yield.

Position	TTM	2025
COPY Tweedy, Browne Insider + Value ETF	0.79%	0.95%
SHEH Shell plc ADRhedged ETF	1.90%	0.00%

Frequently Asked Questions

Can I hold both SHEH and COPY in my portfolio?

SHEH and COPY have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHEH or COPY?

SHEH has higher volatility (6.94%) compared to COPY (3.07%). In terms of maximum drawdown, SHEH dropped -17.53% vs COPY's -14.05%.

Which ETF is better, SHEH or COPY?

On 1-year performance, COPY leads with 32.25% vs 23.86% for SHEH. On fees, SHEH is cheaper at 0.19% per year. On volatility, COPY has been the lower-risk option at 3.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHEH or COPY?

Over the 1-year period, COPY has performed better with a 32.25% return vs 23.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHEH or COPY?

SHEH is cheaper with a 0.19% expense ratio, compared with 0.80% for COPY.

Which ETF pays a higher dividend yield, SHEH or COPY?

SHEH has the higher dividend yield at 1.90%, compared with 0.79% for COPY.

What is the main difference between SHEH and COPY?

SHEH is categorized as Energy Equities, while COPY is Global Equities. They also come from different issuers: ADRhedged and Tweedy, Browne. Their fees differ too: 0.19% for SHEH and 0.80% for COPY.

Which has better risk-adjusted returns?

COPY currently has the higher Sharpe Ratio (2.48 vs 1.15), 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.