COPX vs IVV
Global X Copper Miners ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. COPX delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | COPX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.03% | |
| AUM | $8.0B | $907.0B | |
| Dividend Yield | 2.45% | 1.10% | |
| Holdings | 45 | 508 | |
| YTD Return | +17.52% | +12.96% | |
| 1Y Return | +88.29% | +20.70% | |
| 3Y Return (annualized) | +35.64% | +22.10% | |
| 5Y Return (annualized) | +22.44% | +13.40% | |
| Volatility (annualized) | 37.7% | 15.1% | |
| Max Drawdown | -85.4% | -56.5% | |
| Fund Family | Global X by mirae Asset | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Apr 19, 2010 | May 15, 2000 |
COPX vs IVV Performance
Global X Copper Miners ETF (COPX) is a ETF from Global X by mirae Asset and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year COPX returned +88.29% while IVV returned +20.70%. Year to date, COPX is up 17.52% versus a gain of 12.96% for IVV.
Over three years, COPX compounded at +35.64% per year against +22.10% for IVV; over five years the annualized figures are +22.44% and +13.40% respectively. Across the full 16-year window we track, IVV has the edge at +7.01% annualized vs +4.93%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
COPX has been the more volatile fund, with annualized monthly volatility of 37.7% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -85.4% for COPX and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
COPX charges 0.65% per year while IVV charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, COPX currently yields 2.45% against 1.10% for IVV.
Holdings Overlap
COPX and IVV share 1 holdings out of 543 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in COPX | Weight in IVV | Difference |
|---|---|---|---|
| FCX | 4.86% | 0.14% | 4.72% |
Frequently Asked Questions
Which is cheaper, COPX or IVV?
COPX has an expense ratio of 0.65% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, COPX or IVV?
Over the past year COPX returned +88.29% vs +20.70% for IVV, so COPX leads on 1-year performance. Over the longest common window we track (16 years), COPX annualized +4.93% vs +7.01% for IVV. Past performance does not guarantee future results.
Which is riskier, COPX or IVV?
COPX has been the more volatile fund at 37.7% annualized versus 15.1% for IVV. Worst drawdown: COPX -85.4% vs IVV -56.5%.
Should I hold both COPX and IVV?
COPX and IVV have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between COPX and IVV?
COPX and IVV share 1 common holdings with a 0.1% weight overlap. Combined, they hold 543 unique securities.
Which pays a higher dividend, COPX or IVV?
COPX yields 2.45% while IVV yields 1.10%, so COPX currently pays the higher dividend yield.
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