COPX vs HEFA
Comparison between GLOBAL X COPPER MINERS ETF (COPX, ETF) and ISHARES CURRENCY HEDGED MSCI EAFE ETF (HEFA, ETF).
5-Year PerformanceCOPX has outperformed HEFA, delivering a return of +16.9% compared to +13.4%
COPX vs HEFA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
COPX
$6.70B
Winner
HEFA
$6.80B
Expense Ratio
COPX
0.65%
Winner
HEFA
0.35%
Max Drawdown
COPX
85.41%
Winner
HEFA
32.39%
Sharpe Ratio
Winner
COPX
2.21
HEFA
1.69
5Y Beta
COPX
1.35
Winner
HEFA
0.74
5Y Dividends CAGR
Winner
COPX
40.45%
HEFA
20.05%
COPX vs HEFA - Holdings Comparison
COPX and HEFA have 1 common holdings. Overlap is -39.22%
COPX's top 25 holdings weight is 92.87%. HEFA's top 25 holdings weight is 162.14%.
| Rank | COPX | HEFA |
|---|---|---|
| #1 | SUMITOMO METAL MINING CO LTD (n/a) - 6.01% | ISHARES MSCI EAFE ETF (EFA) - 101.56% |
| #2 | LUNDIN MINING CORP (LUNMF) - 5.93% | EUR/USD PURCHASED (n/a) - 38.65% |
| #3 | GLENCORE PLC (n/a) - 5.78% | JPY/USD PURCHASED (n/a) - 25.08% |
| #4 | KGHM POLSKA MIEDZ SA (n/a) - 5.74% | GBP/USD PURCHASED (n/a) - 16.23% |
| #5 | FREEPORT-MCMORAN INC (FCX) - 5.09% | CHF/USD PURCHASED (n/a) - 10.30% |
| #6 | BHP GROUP LTD (n/a) - 5.05% | AUD/USD PURCHASED (n/a) - 6.76% |
| #7 | HUDBAY MINERALS INC (n/a) - 4.91% | SEK/USD PURCHASED (n/a) - 3.69% |
| #8 | SOUTHERN COPPER CORP (SCCO) - 4.81% | HKD/USD PURCHASED (n/a) - 1.91% |
| #9 | TECK RESOURCES LTD CLASS B (SUB VOTING) (n/a) - 4.81% | DKK/USD PURCHASED (n/a) - 1.58% |
| #10 | ANTOFAGASTA PLC (n/a) - 4.75% | SGD/USD PURCHASED (n/a) - 1.43% |
| #11 | BOLIDEN AB (n/a) - 4.47% | ILS/USD PURCHASED (n/a) - 0.73% |
| #12 | FIRST QUANTUM MINERALS LTD (n/a) - 4.07% | NOK/USD PURCHASED (n/a) - 0.63% |
| #13 | ZIJIN MINING GROUP CO LTD CLASS H (n/a) - 3.87% | NZD/USD PURCHASED (n/a) - 0.01% |
| #14 | AURUBIS AG (n/a) - 3.67% | USD CASH (n/a) - 0.00% |
| #15 | SANDFIRE RESOURCES LTD (n/a) - 3.07% | NZD/USD SOLD (n/a) - -0.18% |
| #16 | CHINA GOLD INTERNATIONAL RESOURCES CORP LTD (n/a) - 2.92% | NOK/USD SOLD (n/a) - -0.72% |
| #17 | IVANHOE MINES LTD CLASS A (n/a) - 2.82% | ILS/USD SOLD (n/a) - -0.81% |
| #18 | JIANGXI COPPER CO LTD CLASS H (n/a) - 2.65% | SGD/USD SOLD (n/a) - -1.46% |
| #19 | CAPSTONE COPPER CORP (n/a) - 2.51% | DKK/USD SOLD (n/a) - -1.67% |
| #20 | MMG LTD (n/a) - 2.44% | CASH OFFSET (n/a) - -1.85% |
| #21 | MITSUBISHI MATERIALS CORP (n/a) - 2.28% | HKD/USD SOLD (n/a) - -1.97% |
| #22 | ERO COPPER CORP (ERO) - 1.40% | SEK/USD SOLD (n/a) - -3.74% |
| #23 | NGEX MINERALS LTD ORDINARY SHARES NEW (n/a) - 1.36% | AUD/USD SOLD (n/a) - -7.09% |
| #24 | TASEKO MINES LTD (n/a) - 1.23% | CHF/USD SOLD (n/a) - -10.52% |
| #25 | CHINA NONFERROUS MINING CORP LTD (n/a) - 1.23% | GBP/USD SOLD (n/a) - -16.41% |
| Total Holdings | 44 | 27 |
COPX vs HEFA - Historical Returns
Returns include dividend reinvestment.
1M
Winner
COPX
+4.80%
HEFA
+0.59%
3M
COPX
-3.44%
Winner
HEFA
+1.36%
6M
Winner
COPX
+44.49%
HEFA
+12.69%
1Y
Winner
COPX
+127.77%
HEFA
+26.98%
5Y(CAGR)
Winner
COPX
+16.88%
HEFA
+13.44%
10Y(CAGR)
Winner
COPX
+21.83%
HEFA
+12.60%
Max(CAGR)
COPX
+6.51%
Winner
HEFA
+10.53%
COPX vs HEFA - Annual Returns (2010 - 2026)
Returns include dividend reinvestment.
| Year | COPX | HEFA |
|---|---|---|
| 2026 | +17.67% | +6.69% |
| 2025 | +91.73% | +24.11% |
| 2024 | +4.40% | +13.79% |
| 2023 | +7.39% | +18.27% |
| 2022 | -0.34% | -5.86% |
| 2021 | +17.77% | +19.07% |
| 2020 | +48.76% | +0.72% |
| 2019 | +13.16% | +27.05% |
| 2018 | -33.02% | -9.58% |
| 2017 | +34.67% | +15.19% |
| 2016 | +75.40% | +8.06% |
| 2015 | -46.25% | +3.94% |
| 2014 | -19.27% | +6.13% |
| 2013 | -30.56% | N/A |
| 2012 | -0.43% | N/A |
| 2011 | -32.07% | N/A |
| 2010 | +36.20% | N/A |
COPX vs HEFA Drawdown Comparison
The maximum drawdown for COPX was -83.13%, occurring on Jan 20, 2016. Recovery took 3272 trading sessions.
The maximum drawdown for HEFA was -32.39%, occurring on Mar 16, 2020. Recovery took 226 trading sessions.
The current COPX drawdown is -10.17%. The current HEFA drawdown is -1.13%.
| Rank | COPX | HEFA |
|---|---|---|
| #1 | -83.13% Apr 6, 2011 - Apr 9, 2024 | -32.39% Feb 12, 2020 - Jan 5, 2021 |
| #2 | -39.71% May 20, 2024 - Sep 10, 2025 | -23.14% May 27, 2015 - Mar 1, 2017 |
| #3 | -29.25% Apr 20, 2010 - Sep 20, 2010 | -15.43% Jan 23, 2018 - Apr 12, 2019 |
| #4 | -27.82% Feb 27, 2026 - Mar 20, 2026 | -14.77% Jan 4, 2022 - Jan 23, 2023 |
| #5 | -15.82% Feb 7, 2011 - Apr 5, 2011 | -14.28% Feb 18, 2025 - May 12, 2025 |
| #6 | -13.71% Jan 29, 2026 - Feb 25, 2026 | -9.79% Jul 12, 2024 - Oct 14, 2024 |
| #7 | -10.46% Oct 13, 2025 - Nov 28, 2025 | -9.52% Feb 25, 2026 - Mar 20, 2026 |
| #8 | -9.10% Nov 11, 2010 - Dec 6, 2010 | -9.48% Sep 4, 2014 - Nov 18, 2014 |
| #9 | -7.89% Jan 18, 2011 - Feb 7, 2011 | -7.49% Dec 5, 2014 - Jan 26, 2015 |
| #10 | -6.75% Oct 13, 2010 - Nov 4, 2010 | -6.87% Jul 3, 2019 - Sep 12, 2019 |
| #11 | -5.87% Jan 3, 2011 - Jan 18, 2011 | -6.78% Jul 31, 2023 - Nov 24, 2023 |
| #12 | -5.72% Oct 8, 2025 - Oct 13, 2025 | -5.83% Mar 3, 2023 - Apr 10, 2023 |
| #13 | -5.10% Apr 29, 2024 - May 13, 2024 | -5.59% Nov 16, 2021 - Jan 3, 2022 |
| #14 | -4.99% Apr 9, 2024 - Apr 26, 2024 | -4.97% Apr 29, 2019 - Jul 1, 2019 |
| #15 | -3.61% Dec 26, 2025 - Jan 5, 2026 | -4.84% Jun 19, 2014 - Sep 4, 2014 |
Correlation
Correlation between COPX and HEFA is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (2010 - 2025)
COPX vs HEFA dividend yield comparison.
| Year | COPX | HEFA |
|---|---|---|
| 2025 | 2.68% | 4.40% |
| 2024 | 1.80% | 3.09% |
| 2023 | 2.39% | 3.02% |
| 2022 | 3.14% | 25.14% |
| 2021 | 1.48% | 3.06% |
| 2020 | 1.30% | 2.10% |
| 2019 | 1.37% | 7.56% |
| 2018 | 2.59% | 4.58% |
| 2017 | 1.57% | 2.55% |
| 2016 | 0.60% | 3.17% |
| 2015 | 1.20% | 3.54% |
| 2014 | 2.31% | 3.40% |
| 2013 | 0.71% | 0.00% |
| 2012 | 3.29% | 0.00% |
| 2011 | 7.06% | 0.00% |
| 2010 | 0.47% | 0.00% |
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