SLX vs. COPX
Compare and contrast key facts about VanEck Vectors Steel ETF (SLX) and Global X Copper Miners ETF (COPX).
SLX and COPX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SLX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Steel Index. It was launched on Oct 16, 2006. 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. Both SLX and COPX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SLX or COPX.
Performance
SLX vs. COPX - Performance Comparison
Returns By Period
In the year-to-date period, SLX achieves a -7.66% return, which is significantly lower than COPX's 9.98% return. Over the past 10 years, SLX has outperformed COPX with an annualized return of 9.49%, while COPX has yielded a comparatively lower 7.28% annualized return.
SLX
-7.66%
-0.54%
-6.57%
4.17%
18.37%
9.49%
COPX
9.98%
-10.28%
-20.18%
22.39%
19.81%
7.28%
Key characteristics
| SLX | COPX | |
|---|---|---|
| Sharpe Ratio | 0.19 | 0.66 |
| Sortino Ratio | 0.42 | 1.11 |
| Omega Ratio | 1.05 | 1.14 |
| Calmar Ratio | 0.22 | 0.78 |
| Martin Ratio | 0.49 | 1.86 |
| Ulcer Index | 8.12% | 11.92% |
| Daily Std Dev | 21.16% | 33.38% |
| Max Drawdown | -82.15% | -83.16% |
| Current Drawdown | -9.02% | -21.77% |
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SLX vs. COPX - Expense Ratio Comparison
SLX has a 0.56% expense ratio, which is lower than COPX's 0.65% expense ratio.
Correlation
The correlation between SLX and COPX is 0.78, 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.
Risk-Adjusted Performance
SLX vs. COPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Steel ETF (SLX) 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.
Dividends
SLX vs. COPX - Dividend Comparison
SLX's dividend yield for the trailing twelve months is around 3.03%, more than COPX's 1.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLX VanEck Vectors Steel ETF | 3.03% | 2.80% | 4.97% | 7.07% | 1.87% | 2.77% | 6.26% | 2.44% | 1.06% | 5.35% | 3.27% | 1.98% |
COPX Global X Copper Miners ETF | 1.34% | 2.39% | 3.14% | 1.48% | 1.30% | 1.37% | 2.58% | 1.56% | 0.59% | 1.20% | 2.31% | 0.70% |
Drawdowns
SLX vs. COPX - Drawdown Comparison
The maximum SLX drawdown since its inception was -82.15%, roughly equal to the maximum COPX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for SLX and COPX. For additional features, visit the drawdowns tool.
Volatility
SLX vs. COPX - Volatility Comparison
The current volatility for VanEck Vectors Steel ETF (SLX) is 9.42%, while Global X Copper Miners ETF (COPX) has a volatility of 11.15%. This indicates that SLX experiences smaller price fluctuations and is considered to be less risky than COPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.