COPX vs SPY
Global X Copper Miners ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. COPX delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | COPX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.09% | |
| AUM | $8.0B | $821.1B | |
| Dividend Yield | 2.45% | 1.01% | |
| Holdings | 45 | 505 | |
| YTD Return | +17.52% | +12.93% | |
| 1Y Return | +88.29% | +20.62% | |
| 3Y Return (annualized) | +35.64% | +22.00% | |
| 5Y Return (annualized) | +22.44% | +13.33% | |
| Volatility (annualized) | 37.7% | 15.3% | |
| Max Drawdown | -85.4% | -56.5% | |
| Fund Family | Global X by mirae Asset | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Apr 19, 2010 | Jan 22, 1993 |
COPX vs SPY Performance
Global X Copper Miners ETF (COPX) is a ETF from Global X by mirae Asset and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year COPX returned +88.29% while SPY returned +20.62%. Year to date, COPX is up 17.52% versus a gain of 12.93% for SPY.
Over three years, COPX compounded at +35.64% per year against +22.00% for SPY; over five years the annualized figures are +22.44% and +13.33% respectively. Across the full 16-year window we track, SPY has the edge at +8.82% 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 15.3% for SPY. 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 SPY. 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 SPY charges 0.09%. On a $10,000 position that is $65 vs $9 annually, a gap of $56 per year that compounds over a long holding period. On income, COPX currently yields 2.45% against 1.01% for SPY.
Holdings Overlap
COPX and SPY share 0 holdings out of 543 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 SPY?
COPX has an expense ratio of 0.65% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, COPX or SPY?
Over the past year COPX returned +88.29% vs +20.62% for SPY, so COPX leads on 1-year performance. Over the longest common window we track (16 years), COPX annualized +4.93% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, COPX or SPY?
COPX has been the more volatile fund at 37.7% annualized versus 15.3% for SPY. Worst drawdown: COPX -85.4% vs SPY -56.5%.
Should I hold both COPX and SPY?
COPX and SPY 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 SPY?
COPX and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 543 unique securities.
Which pays a higher dividend, COPX or SPY?
COPX yields 2.45% while SPY yields 1.01%, so COPX currently pays the higher dividend yield.
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