XCMC.DE vs. COPX

Last updated Jun 5, 2026

XCMC.DE (Xtrackers Bloomberg Commodity Swap UCITS ETF 1C) and COPX (Global X Copper Miners ETF) are both exchange-traded funds - XCMC.DE is a Commodities fund tracking the Bloomberg Commodity 3 Month Forward, while COPX is a Materials fund tracking the Solactive Global Copper Miners Total Return Index. Both are passively managed. Over the past 3 years, XCMC.DE returned 11.29%/yr vs 34.31%/yr for COPX. At a 0.27 correlation, their price movements are largely independent. XCMC.DE charges 0.19%/yr vs 0.65%/yr for COPX.

Performance

XCMC.DE vs. COPX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers Bloomberg Commodity Swap UCITS ETF 1C (XCMC.DE) and Global X Copper Miners ETF (COPX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XCMC.DE is traded in EUR, while COPX is traded in USD. To make them comparable, the COPX values have been converted to EUR using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with XCMC.DE having a 28.51% return and COPX slightly lower at 27.10%.

XCMC.DE

• 1D: -1.20%
• 1M: -1.31%
• YTD: 28.51%
• 6M: 19.96%
• 1Y: 29.14%
• 3Y*: 11.29%
• 5Y*: —
• 10Y*: —

COPX

• 1D: -0.17%
• 1M: 16.13%
• YTD: 27.10%
• 6M: 37.77%
• 1Y: 114.34%
• 3Y*: 34.31%
• 5Y*: 20.98%
• 10Y*: 21.19%

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

XCMC.DE vs. COPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XCMC.DE Xtrackers Bloomberg Commodity Swap UCITS ETF 1C	28.51%	-2.66%	11.92%	-9.34%	24.84%	-11.32%
COPX Global X Copper Miners ETF	27.10%	70.54%	10.40%	5.13%	5.39%	4.40%

Correlation

The correlation between XCMC.DE and COPX is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021	0.27

The correlation between XCMC.DE and COPX shifts across timeframes, from 0.15 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.

Return for Risk

XCMC.DE vs. COPX — Risk / Return Rank

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

XCMC.DE

XCMC.DE Risk / Return Rank: 54
XCMC.DE Sharpe Ratio Rank: 49
XCMC.DE Sortino Ratio Rank: 45
XCMC.DE Omega Ratio Rank: 52
XCMC.DE Calmar Ratio Rank: 75
XCMC.DE Martin Ratio Rank: 51

COPX

COPX Risk / Return Rank: 77
COPX Sharpe Ratio Rank: 87
COPX Sortino Ratio Rank: 70
COPX Omega Ratio Rank: 70
COPX Calmar Ratio Rank: 82
COPX Martin Ratio Rank: 74

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.

XCMC.DE vs. COPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Bloomberg Commodity Swap UCITS ETF 1C (XCMC.DE) 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.

	XCMC.DE	COPX	Difference
Sharpe ratio: Return per unit of total volatility	1.66	2.91	-1.25
Sortino ratio: Return per unit of downside risk	2.21	3.18	-0.97
Omega ratio: Gain probability vs. loss probability	1.32	1.42	-0.10
Calmar ratio: Return relative to maximum drawdown	3.72	4.38	-0.66
Martin ratio: Return relative to average drawdown	8.44	14.44	-6.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XCMC.DE vs. COPX - Sharpe Ratio Comparison

The current XCMC.DE Sharpe Ratio is 1.66, which is lower than the COPX Sharpe Ratio of 2.91. The chart below compares the historical Sharpe Ratios of XCMC.DE 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

	XCMC.DE	COPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.66	2.91	-1.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.62	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.23	+0.21

Drawdowns

XCMC.DE vs. COPX - Drawdown Comparison

The maximum XCMC.DE drawdown since its inception was -22.91%, smaller than the maximum COPX drawdown of -79.16%. Use the drawdown chart below to compare losses from any high point for XCMC.DE and COPX.

Drawdown Indicators

	XCMC.DE	COPX	Difference
Max Drawdown Largest peak-to-trough decline	-22.91%	-79.16%	+56.25%
Max Drawdown (1Y) Largest decline over 1 year	-7.80%	-26.24%	+18.44%
Max Drawdown (3Y) Largest decline over 3 years	-14.82%	-40.25%	+25.43%
Max Drawdown (5Y) Largest decline over 5 years	—	-40.25%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-61.53%	—
Current Drawdown Current decline from peak	-3.42%	-4.03%	+0.61%
Average Drawdown Average peak-to-trough decline	-12.68%	-34.99%	+22.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.45%	7.95%	-4.50%

Volatility

XCMC.DE vs. COPX - Volatility Comparison

The current volatility for Xtrackers Bloomberg Commodity Swap UCITS ETF 1C (XCMC.DE) is 4.94%, while Global X Copper Miners ETF (COPX) has a volatility of 14.58%. This indicates that XCMC.DE 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

	XCMC.DE	COPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.94%	14.58%	-9.64%
Volatility (6M) Calculated over the trailing 6-month period	15.31%	33.74%	-18.43%
Volatility (1Y) Calculated over the trailing 1-year period	17.48%	39.47%	-21.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.33%	34.11%	-16.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.33%	33.96%	-16.63%

XCMC.DE vs. COPX - Expense Ratio Comparison

XCMC.DE has a 0.19% expense ratio, which is lower than COPX's 0.65% expense ratio.

Dividends

XCMC.DE vs. COPX - Dividend Comparison

XCMC.DE has not paid dividends to shareholders, while COPX's dividend yield for the trailing twelve months is around 2.13%.

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%
XCMC.DE Xtrackers Bloomberg Commodity Swap UCITS ETF 1C	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

Can I hold both XCMC.DE and COPX in my portfolio?

XCMC.DE and COPX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XCMC.DE or COPX?

On fees, XCMC.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XCMC.DE or COPX?

XCMC.DE is cheaper with a 0.19% expense ratio, compared with 0.65% for COPX.

What is the main difference between XCMC.DE and COPX?

XCMC.DE is categorized as Commodities, while COPX is Materials. XCMC.DE tracks Bloomberg Commodity 3 Month Forward, while COPX tracks Solactive Global Copper Miners Total Return Index. They also come from different issuers: Xtrackers and Global X. Their fees differ too: 0.19% for XCMC.DE and 0.65% for COPX.