URNG.L vs. COPG.L
URNG.L (Global X Uranium UCITS ETF USD Accumulating) and COPG.L (Global X Copper Miners UCITS ETF USD Acc) are both Commodity Producers Equities funds from Global X - URNG.L tracks the Solactive Global Uranium & Nuclear Components while COPG.L tracks the Solactive Global Copper Miners Total Return Index. Both are passively managed. Over the past 3 years, URNG.L returned 36.12%/yr vs 34.51%/yr for COPG.L. A 0.56 correlation means they provide meaningful diversification when combined. Both charge a 0.65% expense ratio.
Performance
URNG.L vs. COPG.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, URNG.L achieves a 18.27% return, which is significantly lower than COPG.L's 24.91% return.
URNG.L
- 1D
- -0.48%
- 1M
- -7.77%
- YTD
- 18.27%
- 6M
- 7.25%
- 1Y
- 64.64%
- 3Y*
- 36.12%
- 5Y*
- —
- 10Y*
- —
COPG.L
- 1D
- -0.95%
- 1M
- 15.82%
- YTD
- 24.91%
- 6M
- 35.76%
- 1Y
- 119.81%
- 3Y*
- 34.51%
- 5Y*
- —
- 10Y*
- —
URNG.L vs. COPG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
URNG.L Global X Uranium UCITS ETF USD Accumulating | 18.27% | 58.50% | 2.96% | 30.86% | -14.11% |
COPG.L Global X Copper Miners UCITS ETF USD Acc | 24.91% | 82.05% | 3.66% | 3.03% | -5.80% |
Correlation
The correlation between URNG.L and COPG.L is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2022 | 0.56 |
The correlation between URNG.L and COPG.L has been stable across timeframes, ranging from 0.54 to 0.57 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
URNG.L vs. COPG.L — Risk / Return Rank
URNG.L
COPG.L
URNG.L vs. COPG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Uranium UCITS ETF USD Accumulating (URNG.L) and Global X Copper Miners UCITS ETF USD Acc (COPG.L). 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.
| URNG.L | COPG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.44 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 4.53 | -2.56 |
| Martin ratioReturn relative to average drawdown | 5.06 | 14.57 | -9.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| URNG.L | COPG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 3.14 | -1.83 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.77 | -0.24 |
Drawdowns
URNG.L vs. COPG.L - Drawdown Comparison
The maximum URNG.L drawdown since its inception was -38.98%, roughly equal to the maximum COPG.L drawdown of -38.84%. Use the drawdown chart below to compare losses from any high point for URNG.L and COPG.L.
Loading charts...
Drawdown Indicators
| URNG.L | COPG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.98% | -38.84% | -0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -32.59% | -26.29% | -6.30% |
Max Drawdown (3Y)Largest decline over 3 years | -38.98% | -38.84% | -0.14% |
Current DrawdownCurrent decline from peak | -13.93% | -5.64% | -8.29% |
Average DrawdownAverage peak-to-trough decline | -12.79% | -13.96% | +1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.75% | 8.19% | +4.56% |
Volatility
URNG.L vs. COPG.L - Volatility Comparison
Global X Uranium UCITS ETF USD Accumulating (URNG.L) has a higher volatility of 14.89% compared to Global X Copper Miners UCITS ETF USD Acc (COPG.L) at 14.11%. This indicates that URNG.L's price experiences larger fluctuations and is considered to be riskier than COPG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| URNG.L | COPG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.89% | 14.11% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 33.87% | 32.19% | +1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.10% | 37.96% | +11.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.66% | 33.82% | +5.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.66% | 33.82% | +5.84% |
URNG.L vs. COPG.L - Expense Ratio Comparison
Both URNG.L and COPG.L have an expense ratio of 0.65%.
Dividends
URNG.L vs. COPG.L - Dividend Comparison
Neither URNG.L nor COPG.L has paid dividends to shareholders.
Frequently Asked Questions
URNG.L and COPG.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
URNG.L and COPG.L have the same expense ratio: 0.65% per year.
URNG.L tracks Solactive Global Uranium & Nuclear Components, while COPG.L tracks Solactive Global Copper Miners Total Return Index.
Find the right allocation for URNG.L and COPG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer