XIEE.DE vs. COPX
XIEE.DE (Xtrackers MSCI Europe UCITS ETF) and COPX (Global X Copper Miners ETF) are both exchange-traded funds - XIEE.DE is a Europe Equities fund tracking the MSCI Europe, while COPX is a Materials fund tracking the Solactive Global Copper Miners Total Return Index. Both are passively managed. Over the past 10 years, XIEE.DE returned 10.02%/yr vs 21.48%/yr for COPX. At a 0.43 correlation, their price movements are largely independent. XIEE.DE charges 0.12%/yr vs 0.65%/yr for COPX.
Performance
XIEE.DE vs. COPX - Performance Comparison
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Different Trading Currencies
XIEE.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
In the year-to-date period, XIEE.DE achieves a 9.31% return, which is significantly lower than COPX's 21.60% return. Over the past 10 years, XIEE.DE has underperformed COPX with an annualized return of 10.02%, while COPX has yielded a comparatively higher 21.48% annualized return.
XIEE.DE
- 1D
- 1.84%
- 1M
- 4.98%
- YTD
- 9.31%
- 6M
- 11.06%
- 1Y
- 18.17%
- 3Y*
- 14.01%
- 5Y*
- 10.04%
- 10Y*
- 10.02%
COPX
- 1D
- 3.46%
- 1M
- -5.28%
- YTD
- 21.60%
- 6M
- 31.04%
- 1Y
- 104.11%
- 3Y*
- 30.89%
- 5Y*
- 20.37%
- 10Y*
- 21.48%
XIEE.DE vs. COPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 9.31% | 20.33% | 8.08% | 15.72% | -9.15% | 24.96% | -3.13% | 27.82% | -10.98% | 10.20% |
COPX Global X Copper Miners ETF | 21.60% | 70.54% | 10.40% | 5.13% | 5.39% | 32.61% | 39.16% | 15.02% | -28.08% | 21.85% |
Correlation
The correlation between XIEE.DE and COPX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2015 | 0.43 |
The correlation between XIEE.DE and COPX shifts across timeframes, from 0.31 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XIEE.DE vs. COPX — Risk / Return Rank
XIEE.DE
COPX
XIEE.DE vs. COPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe UCITS ETF (XIEE.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.
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.
| XIEE.DE | COPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.38 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 3.99 | -2.19 |
| Martin ratioReturn relative to average drawdown | 7.32 | 12.76 | -5.44 |
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Drawdowns
XIEE.DE vs. COPX - Drawdown Comparison
The maximum XIEE.DE drawdown since its inception was -35.52%, smaller than the maximum COPX drawdown of -79.16%. Use the drawdown chart below to compare losses from any high point for XIEE.DE and COPX.
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Drawdown Indicators
| XIEE.DE | COPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.52% | -79.16% | +43.64% |
Max Drawdown (1Y)Largest decline over 1 year | -10.03% | -26.24% | +16.21% |
Max Drawdown (3Y)Largest decline over 3 years | -16.52% | -40.25% | +23.73% |
Max Drawdown (5Y)Largest decline over 5 years | -19.30% | -40.25% | +20.95% |
Max Drawdown (10Y)Largest decline over 10 years | -35.52% | -61.53% | +26.01% |
Current DrawdownCurrent decline from peak | 0.00% | -8.19% | +8.19% |
Average DrawdownAverage peak-to-trough decline | -7.24% | -34.98% | +27.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 8.19% | -5.71% |
Volatility
XIEE.DE vs. COPX - Volatility Comparison
The current volatility for Xtrackers MSCI Europe UCITS ETF (XIEE.DE) is 4.10%, while Global X Copper Miners ETF (COPX) has a volatility of 18.31%. This indicates that XIEE.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.
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Volatility by Period
| XIEE.DE | COPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 18.31% | -14.21% |
Volatility (6M)Calculated over the trailing 6-month period | 11.65% | 36.10% | -24.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.69% | 41.59% | -27.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.30% | 34.57% | -20.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.60% | 34.17% | -16.57% |
XIEE.DE vs. COPX - Expense Ratio Comparison
XIEE.DE has a 0.12% expense ratio, which is lower than COPX's 0.65% expense ratio.
Dividends
XIEE.DE vs. COPX - Dividend Comparison
XIEE.DE's dividend yield for the trailing twelve months is around 2.39%, more than COPX's 2.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COPX Global X Copper Miners ETF | 2.24% | 2.68% | 1.80% | 2.39% | 3.14% | 1.48% | 1.30% | 1.37% | 2.59% | 1.57% | 0.60% | 1.20% |
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 2.39% | 2.49% | 3.26% | 2.85% | 5.70% | 1.50% | 3.74% | 0.30% | 3.19% | 0.92% | 0.09% | 0.00% |
Frequently Asked Questions
XIEE.DE and COPX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIEE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIEE.DE is cheaper with a 0.12% expense ratio, compared with 0.65% for COPX.
XIEE.DE is categorized as Europe Equities, while COPX is Materials. XIEE.DE tracks MSCI Europe, while COPX tracks Solactive Global Copper Miners Total Return Index. They also come from different issuers: Xtrackers and Global X. Their fees differ too: 0.12% for XIEE.DE and 0.65% for COPX.
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