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SWDA.L vs. COPX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SWDA.L vs. COPX

Last updated Jul 21, 2026
Documentation

SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and COPX (Global X Copper Miners ETF) are both exchange-traded funds - SWDA.L is a Global Equities fund tracking the MSCI World Index, while COPX is a Copper fund tracking the Solactive Global Copper Miners Total Return Index. Both are passively managed. Over the past 10 years, SWDA.L returned 12.56%/yr vs 18.10%/yr for COPX. At a 0.41 correlation, their price movements are largely independent. SWDA.L charges 0.20%/yr vs 0.65%/yr for COPX.

Performance

SWDA.L vs. COPX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) and Global X Copper Miners ETF (COPX). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SWDA.L is traded in GBp, while COPX is traded in USD. To make them comparable, the COPX values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, SWDA.L achieves a 9.33% return, which is significantly higher than COPX's 3.54% return. Over the past 10 years, SWDA.L has underperformed COPX with an annualized return of 12.56%, while COPX has yielded a comparatively higher 18.10% annualized return.

SWDA.L

1D
0.25%
1M
-1.61%
6M
8.59%
YTD
9.33%
1Y
20.19%
3Y*
16.57%
5Y*
11.82%
10Y*
12.56%
ALL TIME*
9.05%

COPX

1D
0.85%
1M
-14.75%
6M
-8.63%
YTD
3.54%
1Y
72.74%
3Y*
24.37%
5Y*
18.99%
10Y*
18.10%
ALL TIME*
6.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SWDA.L vs. COPX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		9.33%12.64%21.11%17.59%-8.33%23.64%12.25%23.03%-3.78%11.78%
COPX
Global X Copper Miners ETF		3.54%79.71%5.38%2.96%11.04%24.55%47.20%8.20%-27.23%26.91%

Correlation

The correlation between SWDA.L and COPX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.34

Correlation (3Y)
Calculated over the trailing 3-year period

0.27

Correlation (5Y)
Calculated over the trailing 5-year period

0.31

Correlation (10Y)
Calculated over the trailing 10-year period

0.36

Correlation (All Time)
Calculated using the full available price history since Apr 20, 2010

0.41

The correlation between SWDA.L and COPX shifts across timeframes, from 0.27 (3 years) to 0.41 (all time), reflecting how their relationship changes across market environments.

SWDA.L vs. COPX - Sectors Allocation Comparison

Sectors
SWDA.L
COPX

Technology

30.3%

-

Financial Services

16.3%

-

Industrials

11.1%
3.1%

Healthcare

8.9%

-

Consumer Cyclical

8.9%

-

Communication Services

8.5%

-

Consumer Defensive

4.9%

-

Energy

3.8%

-

Basic Materials

3.1%
96.9%

Utilities

2.5%

-

Real Estate

1.7%

-

Technology

SWDA.L
30.3%
COPX

-

Financial Services

SWDA.L
16.3%
COPX

-

Industrials

SWDA.L
11.1%
COPX
3.1%

Healthcare

SWDA.L
8.9%
COPX

-

Consumer Cyclical

SWDA.L
8.9%
COPX

-

Communication Services

SWDA.L
8.5%
COPX

-

Consumer Defensive

SWDA.L
4.9%
COPX

-

Energy

SWDA.L
3.8%
COPX

-

Basic Materials

SWDA.L
3.1%
COPX
96.9%

Utilities

SWDA.L
2.5%
COPX

-

Real Estate

SWDA.L
1.7%
COPX

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core MSCI World UCITS ETF USD (Acc)

Global X Copper Miners ETF

Often compared with SWDA.L:
SWDA.L vs. IWDA.LSWDA.L vs. VWRP.LSWDA.L vs. VWCE.DESWDA.L vs. SPYSWDA.L vs. IUSQ.DESWDA.L vs. EUN.LSWDA.L vs. VOO
Often compared with COPX:
COPX vs. CPERCOPX vs. ICOPCOPX vs. COPPCOPX vs. COPA.LCOPX vs. GDXCOPX vs. COPJCOPX vs. REMX

Return for Risk

SWDA.L vs. COPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SWDA.L
SWDA.L Risk / Return Rank: 8181
Overall Rank
SWDA.L Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
SWDA.L Sortino Ratio Rank: 8080
Sortino Ratio Rank
SWDA.L Omega Ratio Rank: 8080
Omega Ratio Rank
SWDA.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
SWDA.L Martin Ratio Rank: 8383
Martin Ratio Rank
COPX
COPX Risk / Return Rank: 6161
Overall Rank
COPX Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
COPX Sortino Ratio Rank: 5656
Sortino Ratio Rank
COPX Omega Ratio Rank: 5656
Omega Ratio Rank
COPX Calmar Ratio Rank: 7171
Calmar Ratio Rank
COPX Martin Ratio Rank: 5454
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SWDA.L vs. COPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) 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.

SWDA.LCOPXDifference
Sharpe ratioReturn per unit of total volatility
1.92
1.71

+0.22

Sortino ratioReturn per unit of downside risk
2.71
2.13

+0.58

Omega ratioGain probability vs. loss probability

1.36

1.28

+0.08

Calmar ratioReturn relative to maximum drawdown

3.07

2.70

+0.37

Martin ratioReturn relative to average drawdown

11.89

7.18

+4.71

SWDA.L vs. COPX - Sharpe Ratio Comparison

The current SWDA.L Sharpe Ratio is 1.92, which is comparable to the COPX Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of SWDA.L and COPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SWDA.L vs. COPX - Drawdown Comparison

The maximum SWDA.L drawdown since its inception was -41.70%, smaller than the maximum COPX drawdown of -81.19%. Use the drawdown chart below to compare losses from any high point for SWDA.L and COPX.

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Drawdown Indicators

SWDA.LCOPXDifference

Max Drawdown

Largest peak-to-trough decline

-41.70%

-81.19%

+39.49%

Max Drawdown (1Y)

Largest decline over 1 year

-6.55%

-27.06%

+20.51%

Max Drawdown (3Y)

Largest decline over 3 years

-18.50%

-40.03%

+21.53%

Max Drawdown (5Y)

Largest decline over 5 years

-18.50%

-40.03%

+21.53%

Max Drawdown (10Y)

Largest decline over 10 years

-25.58%

-59.06%

+33.48%

Current Drawdown

Current decline from peak

-1.61%

-22.28%

+20.67%

Average Drawdown

Average peak-to-trough decline

-9.44%

-34.86%

+25.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.69%

10.16%

-8.47%

Volatility

SWDA.L vs. COPX - Volatility Comparison

The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) is 2.67%, while Global X Copper Miners ETF (COPX) has a volatility of 12.94%. This indicates that SWDA.L 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.

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Volatility by Period

SWDA.LCOPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.67%

12.94%

-10.27%

Volatility (6M)

Calculated over the trailing 6-month period

7.71%

37.15%

-29.44%

Volatility (1Y)

Calculated over the trailing 1-year period

10.47%

42.84%

-32.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.33%

33.87%

-20.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.51%

33.55%

-19.04%

SWDA.L vs. COPX - Expense Ratio Comparison

SWDA.L has a 0.20% expense ratio, which is lower than COPX's 0.65% expense ratio.

Dividends

SWDA.L vs. COPX - Dividend Comparison

SWDA.L has not paid dividends to shareholders, while COPX's dividend yield for the trailing twelve months is around 2.61%.

PositionTTM20252024202320222021202020192018201720162015
COPX
Global X Copper Miners ETF		2.61%2.68%1.80%2.39%3.14%1.48%1.30%1.37%2.59%1.57%0.60%1.20%
SWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		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

SWDA.L and COPX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SWDA.L is cheaper with a 0.20% expense ratio, compared with 0.65% for COPX.

SWDA.L is categorized as Global Equities, while COPX is Copper. SWDA.L tracks MSCI World Index, while COPX tracks Solactive Global Copper Miners Total Return Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.20% for SWDA.L and 0.65% for COPX.

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