Global X Copper Miners ETF

10-Year Study

COPX.US · · US · ETF

Executive Summary: Global X Copper Miners ETF has compounded at 22.0% annually over the last 10 years, with a maximum drawdown of 56.2% and an annualized volatility of 37.3%.

1Y CAGR
+131.4%
3Y CAGR
+40.0%
5Y CAGR
+19.0%
10Y CAGR
+22.0%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
56.2%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.70
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
1.35
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
36.2%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · +93.5%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2018 · -31.3%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
80%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
202618.112.8-20.212.9————————20.1%
20250.00.12.2-3.28.710.1-4.315.720.13.34.114.393.5%
2024-3.5-0.617.97.95.3-6.1-3.0-0.99.1-7.6-2.4-9.23.6%
202316.5-8.32.22.0-12.410.310.9-9.3-3.8-9.84.710.28.4%
20221.413.96.8-12.0-1.2-21.40.4-2.1-5.31.526.2-1.0-0.8%
2021-2.224.5-3.811.04.5-9.51.9-2.5-7.49.1-4.95.023.4%
2020-13.9-10.8-24.221.87.913.912.412.0-6.73.825.313.951.7%
201911.96.50.2-1.3-14.714.3-8.6-13.03.42.23.712.412.5%
20182.6-3.1-4.5-0.2-1.0-6.00.2-11.93.7-12.52.2-4.8-31.3%
201723.4-5.1-4.3-4.6-5.53.819.85.3-6.23.0-4.513.738.9%
2016———21.8-15.66.212.9-8.95.84.621.2-5.442.6%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 37.3%. The dominant macroeconomic risk driver is VTI.US, accounting for 27.2% of variance. Idiosyncratic stock-specific factors contribute 10.0%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0112182.843680947837
2016-05-0110283.473909566923
2016-06-0110921.354690603317
2016-07-0112331.673931921552
2016-08-0111233.20178493126
2016-09-0111889.396167040677
2016-10-0112430.894099237365
2016-11-0115064.09760375558
2016-12-0114258.04121849932
2017-01-0117601.520114868414
2017-02-0116710.34417532909
2017-03-0115990.353117181254
2017-04-0115248.953201441016
2017-05-0114407.73126295064
2017-06-0114956.623419054746
2017-07-0117922.309061363463
2017-08-0118877.625594332243
2017-09-0117715.528729999056
2017-10-0118243.098007858513
2017-11-0117423.284926960547
2017-12-0119807.578219711628
2018-01-0120329.042963880078
2018-02-0119701.995580661525
2018-03-0118815.376546553518
2018-04-0118779.179241146277
2018-05-0118590.884469550416
2018-06-0117468.338105187137
2018-07-0117511.75767580627
2018-08-0115433.206943692127
2018-09-0115998.177237827473
2018-10-0113992.021116527812
2018-11-0114296.216048905055
2018-12-0113605.973845082413
2019-01-0115225.910736241154
2019-02-0116214.243338750033
2019-03-0116243.992193075224
2019-04-0116035.922171494407
2019-05-0113672.86577764021
2019-06-0115623.049343547682
2019-07-0114286.070485869295
2019-08-0112430.808119889605
2019-09-0112851.419089134792
2019-10-0113129.39032044503
2019-11-0113617.581057030104
2019-12-0115304.151942703365
2020-01-0113172.723911716406
2020-02-0111749.249830190789
2020-03-018909.867849742492
2020-04-0110853.001109133587
2020-05-0111711.590875871616
2020-06-0113341.243433327316
2020-07-0114997.549588588823
2020-08-0116797.613213306166
2020-09-0115670.68190220709
2020-10-0116260.586207193033
2020-11-0120374.955935584276
2020-12-0123209.781010601255
2021-01-0122705.254197941656
2021-02-0128270.697378489687
2021-03-0127185.1221336635
2021-04-0130166.62797596018
2021-05-0131527.423112968263
2021-06-0128523.992536992617
2021-07-0129061.535419192314
2021-08-0128347.476936039966
2021-09-0126259.03857893334
2021-10-0128654.59516624107
2021-11-0127264.824989037636
2021-12-0128637.055379297897
2022-01-0129024.99419639403
2022-02-0133051.750969417146
2022-03-0135309.48266226453
2022-04-0131065.54205679796
2022-05-0130677.603239701824
2022-06-0124101.38684687938
2022-07-0124188.655884856456
2022-08-0123680.947836329717
2022-09-0122419.544825332956
2022-10-0122744.804697911564
2022-11-0128710.653700981027
2022-12-0128419.097732724604
2023-01-0133119.50269545255
2023-02-0130376.24562580069
2023-03-0131050.065774201037
2023-04-0131675.651508507657
2023-05-0127753.359643013748
2023-06-0130612.17295605596
2023-07-0133945.76422743257
2023-08-0130782.841961360882
2023-09-0129603.893144866604
2023-10-0126709.39840250372
2023-11-0127953.433585252827
2023-12-0130800.20978960854
2024-01-0129724.26423173154
2024-02-0129551.789660123643
2024-03-0134849.407172397194
2024-04-0137592.750221396826
2024-05-0139580.33480358018
2024-06-0137179.70543475458
2024-07-0136050.538660613725
2024-08-0135720.89384129932
2024-09-0138959.993809486965
2024-10-0136009.35455303636
2024-11-0135135.718400440215
2024-12-0131898.939874642118
2025-01-0131898.939874642118
2025-02-0131932.385840921015
2025-03-0132642.575253424133
2025-04-0131589.84411944251
2025-05-0134338.60386735107
2025-06-0137804.25941688807
2025-07-0136166.09490400406
2025-08-0141845.116802943936
2025-09-0150246.072893291035
2025-10-0151884.3233855228
2025-11-0154018.15883824706
2025-12-0161724.573757383485
2026-01-0172919.08483582243
2026-02-0182282.23580695917
2026-03-0165645.23201526994
2026-04-0174122.79570447178
Annual Return Matrix
YearAnnual Return
20170.3892215568862274
2018-0.31309250963642055
20190.12481121285079655
20200.5165676018831671
20210.23383565602009293
2022-0.007611035551191914
20230.08378563173531317
20240.03567281172884318
20250.9350039217588886
20260.20086363003203767
Total Factor Risk
0.37310765343183555
VTI.US Exposure
0.2717368680515811
VEA.US Exposure
0.26255955474960535
VWO.US Exposure
0.10795614201163714
QQQ.US Exposure
-0.11311006486877954
VTV.US Exposure
0.006165898321385633
IJR.US Exposure
-0.015457625871918327
QUAL.US Exposure
-0.004268955703361116
SHV.US Exposure
0.1373832245361761
TLT.US Exposure
0.05040321905153095
LQD.US Exposure
-0.042417471732871796
HYG.US Exposure
-0.009637783787130193
GLD.US Exposure
0.08305490246117732
USO.US Exposure
-0.000419014247526019
VNQ.US Exposure
-0.0564890178897412
BTC-USD.CC Exposure
0.015130773624370413
CPER.US Exposure
0.2055741747933182
VIX.INDX Exposure
0.01389764144485444
UUP.US Exposure
-0.03523446061227216
TIP.US Exposure
0.02305757700936627
Idiosyncratic Exposure
0.10011441865859759
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
37.3%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+4.4%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+32.8%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
9.9% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.40
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Global X Copper Miners ETF a high-risk investment?

Global X Copper Miners ETF (COPX.US) has an annualized volatility of 37.3% and experienced a maximum drawdown of 56.2% over the last 10 years. Its primary macro risk driver is VTI.US.

What is the 10-year return of COPX.US?

Over the past 10 years, COPX.US has generated a Compound Annual Growth Rate (CAGR) of 22.0%. It has had a positive return in 80% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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