TKO vs. COPX

Last updated Jun 4, 2026

TKO (TKO Group Holdings Inc.) is a stock, while COPX (Global X Copper Miners ETF) is Materials fund tracking the Solactive Global Copper Miners Total Return Index. Over the past year, TKO returned 23.44% vs 120.82% for COPX. At a 0.24 correlation, their price movements are largely independent.

Performance

TKO vs. COPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TKO Group Holdings Inc. (TKO) and Global X Copper Miners ETF (COPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TKO achieves a -4.61% return, which is significantly lower than COPX's 25.71% return.

TKO

• 1D: -2.94%
• 1M: 6.76%
• YTD: -4.61%
• 6M: 2.68%
• 1Y: 23.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

COPX

• 1D: -3.64%
• 1M: 17.74%
• YTD: 25.71%
• 6M: 36.90%
• 1Y: 120.82%
• 3Y*: 37.36%
• 5Y*: 19.87%
• 10Y*: 21.95%

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

TKO vs. COPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TKO TKO Group Holdings Inc.	-4.61%	48.92%	74.20%	-17.81%
COPX Global X Copper Miners ETF	25.71%	93.50%	3.57%	1.83%

Correlation

The correlation between TKO and COPX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.24

Return for Risk

TKO vs. COPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TKO

TKO Risk / Return Rank: 62
TKO Sharpe Ratio Rank: 64
TKO Sortino Ratio Rank: 60
TKO Omega Ratio Rank: 58
TKO Calmar Ratio Rank: 65
TKO Martin Ratio Rank: 64

COPX

COPX Risk / Return Rank: 75
COPX Sharpe Ratio Rank: 86
COPX Sortino Ratio Rank: 67
COPX Omega Ratio Rank: 67
COPX Calmar Ratio Rank: 82
COPX Martin Ratio Rank: 73

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.

TKO vs. COPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TKO Group Holdings Inc. (TKO) 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.

	TKO	COPX	Difference
Sharpe ratio: Return per unit of total volatility	0.74	2.93	-2.19
Sortino ratio: Return per unit of downside risk	1.29	3.17	-1.88
Omega ratio: Gain probability vs. loss probability	1.16	1.42	-0.26
Calmar ratio: Return relative to maximum drawdown	1.29	4.37	-3.08
Martin ratio: Return relative to average drawdown	2.69	14.00	-11.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TKO vs. COPX - Sharpe Ratio Comparison

The current TKO Sharpe Ratio is 0.74, which is lower than the COPX Sharpe Ratio of 2.93. The chart below compares the historical Sharpe Ratios of TKO 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.

Sharpe Ratios by Period

	TKO	COPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.74	2.93	-2.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.55	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	0.19	+0.72

Drawdowns

TKO vs. COPX - Drawdown Comparison

The maximum TKO drawdown since its inception was -28.35%, smaller than the maximum COPX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for TKO and COPX.

Drawdown Indicators

	TKO	COPX	Difference
Max Drawdown Largest peak-to-trough decline	-28.35%	-83.16%	+54.81%
Max Drawdown (1Y) Largest decline over 1 year	-18.28%	-27.82%	+9.54%
Max Drawdown (3Y) Largest decline over 3 years	—	-39.72%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-42.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-65.41%	—
Current Drawdown Current decline from peak	-11.38%	-5.69%	-5.69%
Average Drawdown Average peak-to-trough decline	-8.74%	-39.30%	+30.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.72%	8.66%	+0.06%

Volatility

TKO vs. COPX - Volatility Comparison

The current volatility for TKO Group Holdings Inc. (TKO) is 10.47%, while Global X Copper Miners ETF (COPX) has a volatility of 15.38%. This indicates that TKO 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.

Volatility by Period

	TKO	COPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.47%	15.38%	-4.91%
Volatility (6M) Calculated over the trailing 6-month period	23.10%	35.68%	-12.58%
Volatility (1Y) Calculated over the trailing 1-year period	31.77%	41.41%	-9.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.07%	36.51%	-3.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.07%	35.55%	-2.48%

Dividends

TKO vs. COPX - Dividend Comparison

TKO's dividend yield for the trailing twelve months is around 1.36%, less than COPX's 2.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COPX Global X Copper Miners ETF	2.13%	2.68%	1.80%	2.39%	3.14%	1.48%	1.30%	1.37%	2.59%	1.57%	0.60%	1.20%
TKO TKO Group Holdings Inc.	1.36%	1.10%	0.00%	4.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TKO and COPX in my portfolio?

TKO and COPX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TKO or COPX?

COPX has higher volatility (15.38%) compared to TKO (10.47%). In terms of maximum drawdown, TKO dropped -28.35% vs COPX's -83.16%.

Which has better risk-adjusted returns?

COPX currently has the higher Sharpe Ratio (2.93 vs 0.74), 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.