COPX vs QQQ
Global X Copper Miners ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. COPX delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | COPX | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.18% | |
| AUM | $8.0B | $496.3B | |
| Dividend Yield | 2.45% | 0.44% | |
| Holdings | 45 | 108 | |
| YTD Return | +17.52% | +17.30% | |
| 1Y Return | +88.29% | +24.93% | |
| 3Y Return (annualized) | +35.64% | +26.19% | |
| 5Y Return (annualized) | +22.44% | +15.34% | |
| Volatility (annualized) | 37.7% | 30.6% | |
| Max Drawdown | -85.4% | -83.0% | |
| Fund Family | Global X by mirae Asset | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Apr 19, 2010 | Mar 10, 1999 |
COPX vs QQQ Performance
Global X Copper Miners ETF (COPX) is a ETF from Global X by mirae Asset and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year COPX returned +88.29% while QQQ returned +24.93%. Year to date, COPX is up 17.52% versus a gain of 17.30% for QQQ.
Over three years, COPX compounded at +35.64% per year against +26.19% for QQQ; over five years the annualized figures are +22.44% and +15.34% respectively. Across the full 16-year window we track, QQQ has the edge at +13.06% 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 30.6% for QQQ. 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 -83.0% for QQQ. 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
COPX charges 0.65% per year while QQQ charges 0.18%. On a $10,000 position that is $65 vs $18 annually, a gap of $47 per year that compounds over a long holding period. On income, COPX currently yields 2.45% against 0.44% for QQQ.
Holdings Overlap
COPX and QQQ share 0 holdings out of 141 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, COPX or QQQ?
COPX has an expense ratio of 0.65% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, COPX or QQQ?
Over the past year COPX returned +88.29% vs +24.93% for QQQ, so COPX leads on 1-year performance. Over the longest common window we track (16 years), COPX annualized +4.93% vs +13.06% for QQQ. Past performance does not guarantee future results.
Which is riskier, COPX or QQQ?
COPX has been the more volatile fund at 37.7% annualized versus 30.6% for QQQ. Worst drawdown: COPX -85.4% vs QQQ -83.0%.
Should I hold both COPX and QQQ?
COPX and QQQ have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between COPX and QQQ?
COPX and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 141 unique securities.
Which pays a higher dividend, COPX or QQQ?
COPX yields 2.45% while QQQ yields 0.44%, so COPX currently pays the higher dividend yield.
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