Do COPX and XME hold the same stocks?

By their latest filings, 5% 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 XME?

COPX has 5% of its weight in S&P 500 names and XME has 21%, so COPX differs more from the index.

Which is cheaper, COPX or XME?

COPX charges 0.65% a year and XME charges 0.35%, so XME is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Thematic ETFs

COPX vs XME: Holdings Overlap & Returns

Share on X Download as PDF

Over the year to Oct 28, 2026, COPX returned +27.5% to XME's +3.4%; 5% of their weight is in the same names.

askIQ about this page

askIQ about COPX and XME

Net assets: $7.3bn on Oct 12, 2026 for Global X Copper Miners ETF, and $3.8bn on Oct 27, 2026 for State Street SPDR S&P Metals & Mining ETF.

COPX on its own →XME on its own →

At a glance

4.8%

COPX in the S&P 500

21.4%

XME in the S&P 500

+27.5%

COPX total return, 1 year

+3.4%

XME 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.

XME · 1 year to Oct 28, 2026 79% of its weight is outside the S&P 500

21% of XME's weight is in S&P 500 companies and 79% is outside the index. Holdings as of Oct 27, 2026.

Pair scorecard

XME costs 0.30 points a year less; their one-year returns differ by 24.1 points; COPX is 1.8 times larger.

Points (pts) are percentage points.

COPX vs XME: Holdings Overlap & Returns
Measure	COPX	XME
Return
Measure	COPX	XME
Total return, 1 year	+27.5%	+3.4%
Drawdown
Measure	COPX	XME
Below its all-time high	20.3%, high on Aug 27, 2026	23.6%, high on Jun 2, 2026
Against its benchmark
Measure	COPX	XME
What it tracks	Copper	Miners and metals
Against the S&P 500, 1 year		behind by 10.3 pts
Its benchmark, total return, 1 year	+13.4%	+13.7%
Against its benchmark, 1 year	ahead by 14.1 pts	behind by 10.3 pts
Cost and size
Measure	COPX	XME
Expense ratio	0.65%	0.35%
Net assets, as of Oct 12, 2026	$7.3bn	$4.1bn
Holdings
Measure	COPX	XME
Holdings in common	5%

Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method

Risk and return

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

COPX XME

Return

Total return edge COPX +152.9% +115.2%

Annualized edge COPX +5.8% +4.7%

Price return edge COPX (slight) +78.9% +72.8%

Risk

Volatility edge XME 37.4% 33.0%

Max drawdown edge Tie −83.0% −82.6%

Downside capture 136.2% 124.4%

Beta 1.64 1.45

Risk-adjusted

Sharpe edge COPX 0.30 0.26

Sortino edge COPX 0.44 0.38

Treynor 0.068 0.066

Calmar edge COPX 0.07 0.06

Against the benchmark

Alpha −4.5% a year −5.7% a year

Alpha t-stat −0.69 −0.96

Information ratio 0.05 −0.03

Tracking error 28.4% 27.6%

Each against its own benchmark: COPX against ACWI, Apr 30, 2010 to Oct 23, 2026; XME against IVV, Jun 30, 2006 to Oct 23, 2026.

Reading

COPX returned more: +152.9% to +115.2%. XME swung less: 33.0% to 37.4%. COPX and XME fell about the same at their worst: −83.0% and −82.6%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: COPX vs XME: Holdings Overlap & Returns
Measure	COPX	XME	Edge	How it is measured
Return
Total return	+152.9%	+115.2%	COPX	Price change plus distributions, reinvested.
Annualized	+5.8%	+4.7%	COPX	Total return as a yearly rate.
Price return	+78.9%	+72.8%	COPX (slight)	Price change alone, distributions left out.
Risk
Volatility	37.4%	33.0%	XME	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	25.3%	22.7%	XME	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−83.0%	−82.6%	Tie	Deepest fall from a high to the low after it.
Upside capture	204.4%	147.5%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	136.2%	124.4%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	1.64	1.45	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.50	0.49	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.30	0.26	COPX	Return above Treasury bills per unit of volatility.
Sortino	0.44	0.38	COPX	Return above Treasury bills per unit of downside deviation.
Treynor	0.068	0.066		Return above Treasury bills per unit of beta.
Calmar	0.07	0.06	COPX	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	ACWI	IVV		The ETF each fund is measured against.
Alpha	−4.5% a year	−5.7% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.69	−0.96	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−17.4% to +8.3%	−17.2% to +5.9%	Includes zero	The 95% range for the yearly alpha.
Information ratio	0.05	−0.03		Return against its benchmark per unit of tracking error.
Tracking error	28.4%	27.6%	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 XME hold 5% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.

50%

0 half 100%

half

5% in common

Positions both hold · largest shared weight first COPX XME

FREEPORT-MCMORAN INC. 4.76% 4.86%

Ivanhoe Electric Inc 0.64% 1.15%

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 XME

CLEVELAND CLIFFS INC 6.46%

RELIANCE INC 6.15%

NUCOR CORP 5.89%

STEEL DYNAMICS INC 5.76%

COMMERCIAL METALS CO 5.16%

ROYAL GOLD INC 5.12%

NEWMONT CORP 4.91%

MATERION CORP 4.57%

Check overlap with more funds →

Window by window

Window by window: COPX vs XME: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	COPX	XME	COPX	XME
3 months	+0.9%	+3.9%	−3.5 pts vs ACWI	−2.2 pts vs IVV
6 months	−0.8%	−11.5%	−8.2 pts vs ACWI	−20.6 pts vs IVV
1 year	+27.5%	+3.4%	+14.1 pts vs ACWI	−10.3 pts vs IVV
3 years	+141.8%	+108.2%	+52.9 pts vs ACWI	+12.8 pts vs IVV
Since launchNot the same days: COPX Apr 2010 · XME Jun 2006	+146.6%	+189.8%	−248.6 pts vs ACWI	not measured

Open this comparison in the app →

Side by side

COPX Global X Copper Miners ETF · Holds 40 stocks in copper, 5% of its weight in S&P 500 companies XME State Street SPDR S&P Metals & Mining ETF · Holds 38 stocks in miners and metals, 21% of its weight in S&P 500 companies

Issuer Global X State Street

Theme Copper Miners and metals

In the S&P 500 4.8% 21.4%

Active share vs the S&P 500 99.9% 99.6%

In the Nasdaq-100 0.0% 0.0%

Holdings 40 38

Top ten, share of the fund 50.3% 53.3%

Expense ratio 0.65% 0.35%

Fee for the differing part 0.65% 0.35%

Total return, 1 year +27.5% +3.4%

vs its benchmark +14.1 pts vs ACWI −10.3 pts vs IVV

Below its high −20.3% −23.6%

Net assets, COPX as of Oct 12, 2026 and XME as of Oct 27, 2026 $7.3bn $3.8bn

As of Oct 28, 2026. Source: ETFIQ.

5% of the two portfolios are the same securities at the same weight.

Client brief · page 1 of 2 Report BR-3871F10C5B

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

Theme. COPX covers Copper and XME covers Miners and metals.
What each follows. COPX follows Copper and XME follows Miners and metals.
Holdings in common. 5% of the weight is in the same securities (holdings dated Jul 31, 2026 and Oct 27, 2026).

Data as of Oct 28, 2026.

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Your saved page · Privacy.

Alert

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.

XME

By weight, 21% of XME'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 53% of the fund across 38 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +3.4% with distributions reinvested against +13.7% for its benchmark, the S&P 500 Index, so a holder was behind by 10.3 pts. It sits 23.6% below its all-time high of Jun 2, 2026.

Questions people ask

Do COPX and XME hold the same stocks?: By their latest filings, 5% 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 XME?: COPX has 5% of its weight in S&P 500 names and XME has 21%, so COPX differs more from the index.
Which is cheaper, COPX or XME?: COPX charges 0.65% a year and XME charges 0.35%, so XME is cheaper. Fees come from each fund's prospectus.

Other comparisons

COPX vs ARTY COPX vs IFRA COPX vs XT COPX vs KWEB XME vs IDEF XME vs PICK XME vs ARKG XME vs REMX

Where to next

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

Sources and dates

COPX filings on SEC EDGAR ↗

COPX prospectus with the expense ratio (SEC) ↗

Global X page for COPX ↗

XME filings on SEC EDGAR ↗

XME prospectus with the expense ratio (SEC) ↗

State Street website ↗

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 XME, data as of Oct 28, 2026. https://etfiq.com/compare/themes/copx-vs-xme

Open data →

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