Global X Copper Miners ETF (NEW) (COPX) — Stock Correlations & Overview
Over the past year, COPX has moved most closely with ICOP, COPP, COPA. Explore the stocks most correlated and inversely correlated with COPX below, along with its price, financials, and company profile.
Stocks correlated with COPX
Correlation of daily returns. Higher positive values move with COPX; negative values move opposite it. Informational only, not investment advice.
Most correlated with COPX
| Symbol | Company | Correlation |
|---|---|---|
| ICOP | iShares Copper and Metals Mining ETF | 0.98 |
| COPP | Sprott Copper Miners ETF | 0.97 |
| COPA | Themes Copper Miners ETF | 0.97 |
| PICK | iShares MSCI Global Metals & Mining Producers ETF | 0.95 |
| HBM | Hudbay Minerals Inc. | 0.91 |
Most inversely correlated with COPX
| Symbol | Company | Correlation |
|---|---|---|
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.79 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.78 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.78 |
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.75 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.74 |
Frequently asked questions about COPX correlations
- Which stocks are most correlated with COPX?
- Based on one year of daily returns, the stocks most correlated with Global X Copper Miners ETF (NEW) (COPX) are ICOP (0.98), COPP (0.97) and COPA (0.97). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with COPX?
- Over the past year, the stocks most inversely correlated with Global X Copper Miners ETF (NEW) (COPX) are JDST (-0.79), GDXD (-0.78) and DUST (-0.78). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these COPX correlations calculated?
- We compute the correlation of daily returns between COPX and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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