Do COPX and SIL hold the same stocks?

By their latest filings, 0% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, COPX or SIL?

COPX has 5% of its weight in S&P 500 names and SIL has 0%, so SIL differs more from the index.

Which is cheaper, COPX or SIL?

COPX and SIL both charge 0.65% a year, so neither is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Thematic ETFs

COPX vs SIL: Holdings Overlap & Returns

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Over the year to Oct 28, 2026, COPX returned +27.5% to SIL's +18.3%; 0% of their weight is in the same names.

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Net assets on Oct 12, 2026: $7.3bn for Global X Copper Miners ETF and $4.4bn for Global X Silver Miners ETF.

COPX on its own →SIL on its own →

At a glance

4.8%

COPX in the S&P 500

0.0%

SIL in the S&P 500

+27.5%

COPX total return, 1 year

+18.3%

SIL total return, 1 year

COPX · 1 year to Oct 28, 2026 95% of its weight is outside the S&P 500

5% of COPX's weight is in S&P 500 companies and 95% is outside the index. Holdings as of Jul 31, 2026.

SIL · 1 year to Oct 28, 2026 100% of its weight is outside the S&P 500

0% of SIL's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jul 31, 2026.

Pair scorecard

Both cost 0.65% a year; their one-year returns differ by 9.2 points; COPX is 1.7 times larger.

Points (pts) are percentage points.

COPX vs SIL: Holdings Overlap & Returns
Measure	COPX	SIL
Return
Measure	COPX	SIL
Total return, 1 year	+27.5%	+18.3%
Drawdown
Measure	COPX	SIL
Below its all-time high	20.3%, high on Aug 27, 2026	34.2%, high on Feb 27, 2026
Against its benchmark
Measure	COPX	SIL
What it tracks	Copper	Silver miners
Its benchmark, total return, 1 year	+13.4%	+13.4%
Against its benchmark, 1 year	ahead by 14.1 pts	ahead by 4.9 pts
Cost and size
Measure	COPX	SIL
Expense ratio	0.65%	0.65%
Net assets, as of Oct 12, 2026	$7.3bn	$4.4bn
Holdings
Measure	COPX	SIL
Holdings in common	0%

Holdings in common uses holdings dated Jul 31, 2026. Method

Risk and return

Apr 30, 2010 to Oct 23, 2026 · 860 weekly returns · each against ACWI

COPX SIL

Return

Total return edge COPX +152.9% +93.6%

Annualized edge COPX +5.8% +4.1%

Price return edge COPX +78.9% +62.4%

Risk

Volatility edge COPX (slight) 37.4% 39.9%

Max drawdown edge Tie −83.0% −82.3%

Downside capture 136.2% 100.9%

Beta 1.64 1.03

Risk-adjusted

Sharpe edge COPX 0.30 0.26

Sortino edge COPX 0.44 0.38

Treynor 0.068 0.101

Calmar edge COPX 0.07 0.05

Against the benchmark

Alpha −4.5% a year +0.6% a year

Alpha t-stat −0.69 0.07

Information ratio 0.05 0.03

Tracking error 28.4% 36.2%

Reading

COPX returned more: +152.9% to +93.6%. COPX swung slightly less: 37.4% to 39.9%. COPX and SIL fell about the same at their worst: −83.0% and −82.3%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: COPX vs SIL: Holdings Overlap & Returns
Measure	COPX	SIL	ACWI	Edge	How it is measured
Return
Total return	+152.9%	+93.6%	+402.8%	COPX	Price change plus distributions, reinvested.
Annualized	+5.8%	+4.1%	+10.3%	COPX	Total return as a yearly rate.
Price return	+78.9%	+62.4%	+261.2%	COPX	Price change alone, distributions left out.
Risk
Volatility	37.4%	39.9%	16.2%	COPX (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	25.3%	27.5%	11.4%	COPX (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−83.0%	−82.3%	−32.1%	Tie	Deepest fall from a high to the low after it.
Upside capture	204.4%	84.6%	100.0%	COPX	Share of its benchmark's rise caught in the weeks it rose.
Downside capture	136.2%	100.9%	100.0%	SIL	Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	1.64	1.03	1.00	SIL lower	How far it moves for each 1% its benchmark moves.
R squared	0.50	0.18	1.00	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.30	0.26	0.59	COPX	Return above Treasury bills per unit of volatility.
Sortino	0.44	0.38	0.84	COPX	Return above Treasury bills per unit of downside deviation.
Treynor	0.068	0.101	0.095	SIL	Return above Treasury bills per unit of beta.
Calmar	0.07	0.05	0.32	COPX	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	ACWI	ACWI	ACWI		The ETF each fund is measured against.
Alpha	−4.5% a year	+0.6% a year	0.0%	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.69	0.07		Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−17.4% to +8.3%	−16.9% to +18.2%		Both include zero	The 95% range for the yearly alpha.
Information ratio	0.05	0.03		COPX	Return against its benchmark per unit of tracking error.
Tracking error	28.4%	36.2%	0.0%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 860 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, COPX and SIL hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first COPX SIL

Only in one fund ↓

Only in COPX

BHP GROUP LIMITED 5.48%

Teck Resources Limited 5.39%

Hudbay Minerals Inc. 5.26%

SOUTHERN COPPER CORPORATION 5.08%

FIRST QUANTUM MINERALS LTD. 5.04%

GLENCORE PLC 5.02%

ANTOFAGASTA PLC 5.00%

KGHM POLSKA MIEDZ SPOLKA AKCYJNA 4.76%

Only in SIL

Wheaton Precious Metals Corp. 22.38%

Pan American Silver Corp. 12.54%

COEUR MINING, INC. 10.59%

INDUSTRIAS PENOLES, S.A.B. DE C.V. 5.21%

HECLA MINING COMPANY 4.63%

FIRST MAJESTIC SILVER CORP. 4.47%

FRESNILLO PLC 4.30%

Compania de Minas Buenaventura S.A.A. 4.18%

Check overlap with more funds →

Window by window

Window by window: COPX vs SIL: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	COPX	SIL	COPX	SIL
3 months	+0.9%	+6.3%	−3.5 pts vs ACWI	+1.9 pts vs ACWI
6 months	−0.8%	−10.2%	−8.2 pts vs ACWI	−17.6 pts vs ACWI
1 year	+27.5%	+18.3%	+14.1 pts vs ACWI	+4.9 pts vs ACWI
3 years	+141.8%	+227.9%	+52.9 pts vs ACWI	+139.0 pts vs ACWI
Since launchCOPX Apr 2010 · SIL Apr 2010	+146.6%	+109.0%	−248.6 pts vs ACWI	−286.2 pts vs ACWI

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Side by side

COPX Global X Copper Miners ETF · Holds 40 stocks in copper, 5% of its weight in S&P 500 companies SIL Global X Silver Miners ETF · Holds 39 stocks in silver miners, 0% of its weight in S&P 500 companies

Issuer Global X Global X

Theme Copper Silver miners

In the S&P 500 4.8% 0.0%

Active share vs the S&P 500 99.9% 100.0%

In the Nasdaq-100 0.0% 0.0%

Holdings 40 39

Top ten, share of the fund 50.3% 76.3%

Expense ratio 0.65% 0.65%

Fee for the differing part 0.65% 0.65%

Total return, 1 year +27.5% +18.3%

vs its benchmark +14.1 pts vs ACWI +4.9 pts vs ACWI

Below its high −20.3% −34.2%

Net assets, as of Oct 12, 2026 $7.3bn $4.4bn

As of Oct 28, 2026. Source: ETFIQ.

0% of the two portfolios are the same securities at the same weight.

Client brief · page 1 of 2 Report BR-840D0B4750

COPX and SIL are built for the same job. How do they differ in cost, holdings and results?

Theme. COPX covers Copper and SIL covers Silver miners.
Concentration. The top ten holdings are 50.3% of COPX and 76.3% of SIL, a gap of 26.0 points.
What each follows. COPX follows Copper and SIL follows Silver miners.

Data as of Oct 28, 2026.

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About each fund

COPX

By weight, 5% of COPX's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 50% of the fund across 40 positions, as filed for Jul 31, 2026. Over the year to Oct 28, 2026 the fund returned +27.5% with distributions reinvested against +13.4% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 14.1 pts. It sits 20.3% below its all-time high of Aug 27, 2026.

SIL

By weight, 0% of SIL's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 76% of the fund across 39 positions, as filed for Jul 31, 2026. Over the year to Oct 28, 2026 the fund returned +18.3% with distributions reinvested against +13.4% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 4.9 pts. It sits 34.2% below its all-time high of Feb 27, 2026.

Questions people ask

Do COPX and SIL hold the same stocks?: By their latest filings, 0% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, COPX or SIL?: COPX has 5% of its weight in S&P 500 names and SIL has 0%, so SIL differs more from the index.
Which is cheaper, COPX or SIL?: COPX and SIL both charge 0.65% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

COPX vs QTUM COPX vs BOTZ COPX vs NLR COPX vs GDXJ SIL vs XAR SIL vs IDEF SIL vs PPA SIL vs SHLD

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →COPX on its own →SIL on its own →COPX dividend history →COPX holdings →SIL dividend history →SIL holdings →Method →Standards and sources →

Sources and dates

COPX and SIL filings on SEC EDGAR ↗

COPX and SIL prospectus with the expense ratio (SEC) ↗

Global X page for COPX ↗

Global X page for SIL ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, COPX against SIL, data as of Oct 28, 2026. https://etfiq.com/compare/themes/copx-vs-sil

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.