Global X Copper Miners ETF (COPX) Performance
COPX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +2.2% since Dec 31, 2025
- 1 year
- +24.7% total return
- 5 years
- +16.5% a year
- 10 years
- +18.0% a year
- Since first price
- +5.3% a year since 2010
COPX trailing returns vs SPY, QQQ, AGG
| Period | COPX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −16.0% | −16.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −6.7% | −6.7% | +3.2% | +1.9% | −0.4% |
| 6 months | −11.1% | −11.4% | +7.8% | +8.4% | −1.5% |
| YTD | +2.2% | +1.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +24.7% | +21.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +133.1%+32.6%/yr | +119.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +114.7%+16.5%/yr | +91.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +424.0%+18.0%/yr | +330.4% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +155.2%+6.4%/yr | +81.7% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionApr 20, 2010 | +134.2%+5.3%/yr | +66.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: COPX vs SPY
From Apr 20, 2010: COPX grew to $23,422, SPY to $84,105.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
COPX returns by calendar year
9 of 15 full years positive. Best 2025 (+93.5%), worst 2015 (−45.9%). 2026 is year to date.
COPX annual returns table
| Year | COPX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +2.2% | −27.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +93.5% | −27.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +3.6% | −27.3% | +24.9% | +25.6% | +1.3% |
| 2023 | +8.4% | −23.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −0.8% | −42.1% | −18.2% | −32.6% | −13.0% |
| 2021 | +23.4% | −25.9% | +28.7% | +27.4% | −1.8% |
| 2020 | +51.7% | −53.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +12.5% | −31.8% | +31.2% | +39.0% | +8.5% |
| 2018 | −31.3% | −37.7% | −4.6% | −0.1% | +0.1% |
| 2017 | +38.9% | −26.3% | +21.7% | +32.7% | +3.6% |
| 2016 | +70.3% | −21.0% | +12.0% | +7.1% | +2.4% |
| 2015 | −45.9% | −55.2% | +1.2% | +9.4% | +0.5% |
| 2014 | −19.6% | −38.2% | +13.5% | +19.2% | +6.0% |
| 2013 | −27.5% | −39.6% | +32.3% | +36.6% | −2.0% |
| 2012 | +4.8% | −34.2% | +16.0% | +18.1% | +3.8% |
| 2011 | −31.0% | −47.7% | +1.9% | +3.4% | +7.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
COPX largest drawdowns
Now 24.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Apr 6, 2011 | −83.2% | Jan 20, 2016 | Apr 9, 2024 | 4.8 years | 13.0 years |
| May 20, 2024 | −39.7% | Apr 8, 2025 | Sep 10, 2025 | 11 months | 1.3 years |
| Apr 20, 2010 | −29.3% | Jul 1, 2010 | Sep 20, 2010 | 2 months | 5 months |
| Feb 27, 2026 | −27.8% | Mar 20, 2026 | Aug 25, 2026 | 21 days | 6 months |
| Aug 27, 2026 | −24.2% | Oct 23, 2026 | not yet | 57 days | 57 days so far |
| Feb 7, 2011 | −15.8% | Mar 16, 2011 | Apr 5, 2011 | 37 days | 57 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
COPX risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2010 |
|---|---|---|---|---|
| Annualized return | +35.1% | +22.7% | +19.9% | +6.8% |
| Volatility (annualized) | 33.5% | 34.5% | 35.7% | 37.8% |
| Sharpe ratio | 0.94 | 0.66 | 0.62 | 0.32 |
| Sortino ratio | 1.70 | 1.12 | 1.08 | 0.52 |
| Best month | +20.1% | +26.2% | +26.2% | +27.8% |
| Worst month | −20.2% | −21.4% | −24.2% | −32.1% |
| Best 12 months | +157.7% | +157.7% | +205.1% | +205.1% |
| Worst 12 months | −16.0% | −20.6% | −45.1% | −51.6% |
| Positive months | 58% | 57% | 55% | 52% |
| Beta vs S&P 500 | 1.00 | 1.10 | 1.35 | — |
| Correlation with S&P 500 | 0.37 | 0.50 | 0.58 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
COPX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 187 | −51.6% | +1.7% | +205.1% | 51% |
| 3-year (a year) | 163 | −35.7% | +5.4% | +51.6% | 59% |
| 5-year (a year) | 139 | −27.4% | +8.3% | +29.7% | 55% |
| 10-year (a year) | 79 | −8.0% | +4.2% | +26.2% | 75% |
Every holding period starting at a month-end since 2010. Returns for 3 years and longer are annualized.
COPX performance overview
Global X Copper Miners ETF (COPX) returned +24.7% over the past year and +18.0% a year over ten years, with distributions reinvested. Since its first recorded price in 2010 it has returned +5.3% a year, turning $10,000 into about $23,422. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −83.2%, from Apr 6, 2011 to Jan 20, 2016, and it took 8.2 years to get back to the old high. COPX finished 9 of its 15 full calendar years with a gain; the best year was 2025 (+93.5%) and the worst 2015 (−45.9%). Volatility has been 37.8% a year.
Related: COPX chart, COPX holdings, COPX dividends. See the COPX overview for the latest quote and fund facts.
COPX performance FAQ
What is the COPX return over the past year?
COPX returned +24.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 21.4%.
What is the average annual return of COPX?
COPX has returned +16.5% a year over 5 years, +18.0% a year over 10 years, +5.3% a year since April 20, 2010 (total return, distributions reinvested).
How much would $10,000 invested in COPX be worth?
$10,000 invested in COPX at its first recorded close on April 20, 2010 would be worth about $23,422 on October 23, 2026 with distributions reinvested.
What was the worst year for COPX?
The worst calendar year was 2015, with a total return of −45.9%. The best was 2025 at +93.5%.
What is the biggest drawdown of COPX?
The largest peak-to-trough decline was −83.2% between April 6, 2011 and January 20, 2016. It recovered to the old high on April 9, 2024, 8.2 years after the bottom.
How volatile is COPX?
Over the past 3 years COPX had an annualized volatility of 33.5% and a Sharpe ratio of 0.94 (excess return over 1–3 month T-bills per unit of risk).