COPX vs SPY
Comparison between GLOBAL X COPPER MINERS ETF (COPX, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceCOPX has outperformed SPY, delivering a return of +16.9% compared to +13.3%
COPX vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
COPX
$6.70B
Winner
SPY
$652B
Expense Ratio
COPX
0.65%
Winner
SPY
0.09%
Max Drawdown
COPX
85.41%
Winner
SPY
56.47%
Sharpe Ratio
Winner
COPX
2.21
SPY
2.07
5Y Beta
COPX
1.35
Winner
SPY
1.00
P/E Ratio
COPX
N/A
SPY
28.24
Forward P/E
COPX
N/A
SPY
21.85
5Y Dividends CAGR
Winner
COPX
40.45%
SPY
5.43%
5Y EPS CAGR
COPX
N/A
SPY
25.79%
Debt to Equity
COPX
N/A
SPY
22.35%
P/S Ratio
COPX
N/A
SPY
3.55
P/B Ratio
COPX
N/A
SPY
5.29
COPX vs SPY - Holdings Comparison
COPX and SPY have 2 common holdings. Overlap is 0.14%
COPX's top 25 holdings weight is 92.87%. SPY's top 25 holdings weight is 51.32%.
| Rank | COPX | SPY |
|---|---|---|
| #1 | SUMITOMO METAL MINING CO LTD (n/a) - 6.01% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | LUNDIN MINING CORP (LUNMF) - 5.93% | APPLE INC (AAPL) - 6.48% |
| #3 | GLENCORE PLC (n/a) - 5.78% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | KGHM POLSKA MIEDZ SA (n/a) - 5.74% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | FREEPORT-MCMORAN INC (FCX) - 5.09% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | BHP GROUP LTD (n/a) - 5.05% | BROADCOM INC (AVGO) - 3.09% |
| #7 | HUDBAY MINERALS INC (n/a) - 4.91% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | SOUTHERN COPPER CORP (SCCO) - 4.81% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | TECK RESOURCES LTD CLASS B (SUB VOTING) (n/a) - 4.81% | TESLA INC (TSLA) - 1.73% |
| #10 | ANTOFAGASTA PLC (n/a) - 4.75% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | BOLIDEN AB (n/a) - 4.47% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | FIRST QUANTUM MINERALS LTD (n/a) - 4.07% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | ZIJIN MINING GROUP CO LTD CLASS H (n/a) - 3.87% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | AURUBIS AG (n/a) - 3.67% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | SANDFIRE RESOURCES LTD (n/a) - 3.07% | WALMART INC (WMT) - 0.91% |
| #16 | CHINA GOLD INTERNATIONAL RESOURCES CORP LTD (n/a) - 2.92% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | IVANHOE MINES LTD CLASS A (n/a) - 2.82% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | JIANGXI COPPER CO LTD CLASS H (n/a) - 2.65% | VISA INC CLASS A (V) - 0.85% |
| #19 | CAPSTONE COPPER CORP (n/a) - 2.51% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | MMG LTD (n/a) - 2.44% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | MITSUBISHI MATERIALS CORP (n/a) - 2.28% | INTEL CORP (INTC) - 0.65% |
| #22 | ERO COPPER CORP (ERO) - 1.40% | NETFLIX INC (NFLX) - 0.64% |
| #23 | NGEX MINERALS LTD ORDINARY SHARES NEW (n/a) - 1.36% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | TASEKO MINES LTD (n/a) - 1.23% | CHEVRON CORP (CVX) - 0.58% |
| #25 | CHINA NONFERROUS MINING CORP LTD (n/a) - 1.23% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 44 | 505 |
COPX vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
COPX
+4.80%
Winner
SPY
+9.11%
3M
COPX
-3.44%
Winner
SPY
+6.59%
6M
Winner
COPX
+44.49%
SPY
+10.56%
1Y
Winner
COPX
+127.77%
SPY
+32.04%
5Y(CAGR)
Winner
COPX
+16.88%
SPY
+13.35%
10Y(CAGR)
Winner
COPX
+21.83%
SPY
+15.49%
Max(CAGR)
COPX
+6.51%
Winner
SPY
+8.50%
COPX vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | COPX | SPY |
|---|---|---|
| 2026 | +17.67% | +8.27% |
| 2025 | +91.73% | +18.00% |
| 2024 | +4.40% | +25.59% |
| 2023 | +7.39% | +26.72% |
| 2022 | -0.34% | -18.64% |
| 2021 | +17.77% | +30.52% |
| 2020 | +48.76% | +17.28% |
| 2019 | +13.16% | +31.09% |
| 2018 | -33.02% | -5.24% |
| 2017 | +34.67% | +20.78% |
| 2016 | +75.40% | +13.59% |
| 2015 | -46.25% | +1.31% |
| 2014 | -19.27% | +14.56% |
| 2013 | -30.56% | +29.00% |
| 2012 | -0.43% | +14.17% |
| 2011 | -32.07% | +0.85% |
| 2010 | +36.20% | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
COPX vs SPY Drawdown Comparison
The maximum drawdown for COPX was -83.13%, occurring on Jan 20, 2016. Recovery took 3272 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current COPX drawdown is -10.17%.
| Rank | COPX | SPY |
|---|---|---|
| #1 | -83.13% Apr 6, 2011 - Apr 9, 2024 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -39.71% May 20, 2024 - Sep 10, 2025 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -29.25% Apr 20, 2010 - Sep 20, 2010 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -27.82% Feb 27, 2026 - Mar 20, 2026 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -15.82% Feb 7, 2011 - Apr 5, 2011 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -13.71% Jan 29, 2026 - Feb 25, 2026 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -10.46% Oct 13, 2025 - Nov 28, 2025 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -9.10% Nov 11, 2010 - Dec 6, 2010 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -7.89% Jan 18, 2011 - Feb 7, 2011 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -6.75% Oct 13, 2010 - Nov 4, 2010 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -5.87% Jan 3, 2011 - Jan 18, 2011 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -5.72% Oct 8, 2025 - Oct 13, 2025 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -5.10% Apr 29, 2024 - May 13, 2024 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -4.99% Apr 9, 2024 - Apr 26, 2024 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -3.61% Dec 26, 2025 - Jan 5, 2026 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between COPX and SPY is 0.66 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.66
-101
Dividend Comparison (1999 - 2026)
COPX vs SPY dividend yield comparison.
| Year | COPX | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 2.68% | 1.07% |
| 2024 | 1.80% | 1.21% |
| 2023 | 2.39% | 1.40% |
| 2022 | 3.14% | 1.65% |
| 2021 | 1.48% | 1.20% |
| 2020 | 1.30% | 1.52% |
| 2019 | 1.37% | 1.75% |
| 2018 | 2.59% | 2.04% |
| 2017 | 1.57% | 1.80% |
| 2016 | 0.60% | 2.03% |
| 2015 | 1.20% | 2.06% |
| 2014 | 2.31% | 1.87% |
| 2013 | 0.71% | 1.81% |
| 2012 | 3.29% | 2.18% |
| 2011 | 7.06% | 2.05% |
| 2010 | 0.47% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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