XME vs. COPX
Compare and contrast key facts about SPDR S&P Metals & Mining ETF (XME) and Global X Copper Miners ETF (COPX).
XME and COPX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XME is a passively managed fund by State Street that tracks the performance of the S&P Metals & Mining Select Industry Index. It was launched on Jun 19, 2006. COPX is a passively managed fund by Global X that tracks the performance of the Solactive Global Copper Miners Index. It was launched on Apr 19, 2010. Both XME and COPX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
XME vs. COPX - Performance Comparison
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XME vs. COPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XME SPDR S&P Metals & Mining ETF | 6.14% | 83.47% | -4.54% | 21.51% | 13.13% | 34.92% | 15.95% | 14.69% | -26.78% | 21.17% |
COPX Global X Copper Miners ETF | 8.86% | 93.50% | 3.57% | 8.38% | -0.76% | 23.39% | 51.66% | 12.48% | -31.31% | 38.92% |
Returns By Period
In the year-to-date period, XME achieves a 6.14% return, which is significantly lower than COPX's 8.86% return. Over the past 10 years, XME has underperformed COPX with an annualized return of 19.75%, while COPX has yielded a comparatively higher 21.11% annualized return.
XME
- 1D
- 1.75%
- 1M
- -9.91%
- YTD
- 6.14%
- 6M
- 15.52%
- 1Y
- 97.42%
- 3Y*
- 28.24%
- 5Y*
- 23.31%
- 10Y*
- 19.75%
COPX
- 1D
- 2.36%
- 1M
- -16.51%
- YTD
- 8.86%
- 6M
- 32.14%
- 1Y
- 104.43%
- 3Y*
- 29.35%
- 5Y*
- 19.27%
- 10Y*
- 21.11%
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XME vs. COPX - Expense Ratio Comparison
XME has a 0.35% expense ratio, which is lower than COPX's 0.65% expense ratio.
Return for Risk
XME vs. COPX — Risk / Return Rank
XME
COPX
XME vs. COPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Metals & Mining ETF (XME) 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.
| XME | COPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.74 | 2.49 | +0.25 |
Sortino ratioReturn per unit of downside risk | 3.15 | 2.81 | +0.34 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.39 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 4.30 | 3.81 | +0.49 |
Martin ratioReturn relative to average drawdown | 12.24 | 14.52 | -2.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XME | COPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.74 | 2.49 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.54 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.60 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.17 | -0.01 |
Correlation
The correlation between XME and COPX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
XME vs. COPX - Dividend Comparison
XME's dividend yield for the trailing twelve months is around 0.35%, less than COPX's 2.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XME SPDR S&P Metals & Mining ETF | 0.35% | 0.38% | 0.65% | 1.00% | 1.64% | 0.70% | 0.99% | 2.43% | 2.23% | 1.15% | 1.02% | 2.61% |
COPX Global X Copper Miners ETF | 2.46% | 2.68% | 1.80% | 2.39% | 3.14% | 1.48% | 1.30% | 1.37% | 2.59% | 1.57% | 0.60% | 1.20% |
Drawdowns
XME vs. COPX - Drawdown Comparison
The maximum XME drawdown since its inception was -85.89%, roughly equal to the maximum COPX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for XME and COPX.
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Drawdown Indicators
| XME | COPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.89% | -83.16% | -2.73% |
Max Drawdown (1Y)Largest decline over 1 year | -22.60% | -27.82% | +5.22% |
Max Drawdown (5Y)Largest decline over 5 years | -37.27% | -42.12% | +4.85% |
Max Drawdown (10Y)Largest decline over 10 years | -61.69% | -65.41% | +3.72% |
Current DrawdownCurrent decline from peak | -16.34% | -18.34% | +2.00% |
Average DrawdownAverage peak-to-trough decline | -44.44% | -39.59% | -4.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.94% | 7.29% | +0.65% |
Volatility
XME vs. COPX - Volatility Comparison
The current volatility for SPDR S&P Metals & Mining ETF (XME) is 11.19%, while Global X Copper Miners ETF (COPX) has a volatility of 18.01%. This indicates that XME 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
| XME | COPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.19% | 18.01% | -6.82% |
Volatility (6M)Calculated over the trailing 6-month period | 28.06% | 33.81% | -5.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.81% | 42.19% | -6.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.47% | 36.05% | -3.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.97% | 35.51% | -2.54% |