AGMI vs. COPJ

Last updated Jul 1, 2026

AGMI (Themes Silver Miners ETF) and COPJ (Sprott Junior Copper Miners ETF) are both exchange-traded funds - AGMI is a Silver fund tracking the STOXX Global Silver Mining Index, while COPJ is a Copper fund tracking the Nasdaq Sprott Junior Copper Miners Index. Both are passively managed. Over the past year, AGMI returned 77.19% vs 82.49% for COPJ. A 0.71 correlation means they provide meaningful diversification when combined. AGMI charges 0.35%/yr vs 0.78%/yr for COPJ.

Performance

AGMI vs. COPJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Silver Miners ETF (AGMI) and Sprott Junior Copper Miners ETF (COPJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGMI achieves a -5.19% return, which is significantly lower than COPJ's 0.79% return.

AGMI

• 1D: -0.26%
• 1M: -15.37%
• YTD: -5.19%
• 6M: -6.87%
• 1Y: 77.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

COPJ

• 1D: 2.38%
• 1M: -11.17%
• YTD: 0.79%
• 6M: -0.15%
• 1Y: 82.49%
• 3Y*: 38.25%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AGMI vs. COPJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AGMI Themes Silver Miners ETF	-5.19%	176.11%	-0.74%
COPJ Sprott Junior Copper Miners ETF	0.79%	140.63%	-8.72%

Correlation

The correlation between AGMI and COPJ is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (All Time) Calculated using the full available price history since May 3, 2024	0.71

The correlation between AGMI and COPJ has been stable across timeframes, ranging from 0.71 to 0.73 - a consistent structural relationship.

AGMI vs. COPJ - Sectors Allocation Comparison

Sectors	AGMI	COPJ
Basic Materials	99.8%	100.0%
Technology	0.0%	3.6%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

AGMI vs. COPJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGMI

AGMI Risk / Return Rank: 45
AGMI Sharpe Ratio Rank: 50
AGMI Sortino Ratio Rank: 41
AGMI Omega Ratio Rank: 45
AGMI Calmar Ratio Rank: 53
AGMI Martin Ratio Rank: 38

COPJ

COPJ Risk / Return Rank: 57
COPJ Sharpe Ratio Rank: 67
COPJ Sortino Ratio Rank: 54
COPJ Omega Ratio Rank: 58
COPJ Calmar Ratio Rank: 61
COPJ Martin Ratio Rank: 46

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AGMI vs. COPJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Silver Miners ETF (AGMI) and Sprott Junior Copper Miners ETF (COPJ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AGMI	COPJ	Difference
Sharpe ratio: Return per unit of total volatility	1.50	1.84	-0.35
Sortino ratio: Return per unit of downside risk	1.89	2.24	-0.35
Omega ratio: Gain probability vs. loss probability	1.26	1.31	-0.05
Calmar ratio: Return relative to maximum drawdown	2.26	2.57	-0.31
Martin ratio: Return relative to average drawdown	5.34	6.71	-1.38

AGMI vs. COPJ - Sharpe Ratio Comparison

The current AGMI Sharpe Ratio is 1.50, which is comparable to the COPJ Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of AGMI and COPJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AGMI vs. COPJ - Drawdown Comparison

The maximum AGMI drawdown since its inception was -34.40%, which is greater than COPJ's maximum drawdown of -32.28%. Use the drawdown chart below to compare losses from any high point for AGMI and COPJ.

Drawdown Indicators

	AGMI	COPJ	Difference
Max Drawdown Largest peak-to-trough decline	-34.40%	-32.28%	-2.12%
Max Drawdown (1Y) Largest decline over 1 year	-34.40%	-32.28%	-2.12%
Max Drawdown (3Y) Largest decline over 3 years	—	-32.28%	—
Current Drawdown Current decline from peak	-31.58%	-22.96%	-8.62%
Average Drawdown Average peak-to-trough decline	-9.78%	-12.08%	+2.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.51%	12.33%	+2.18%

Volatility

AGMI vs. COPJ - Volatility Comparison

Themes Silver Miners ETF (AGMI) and Sprott Junior Copper Miners ETF (COPJ) have volatilities of 19.24% and 18.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGMI	COPJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.24%	18.91%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	44.02%	38.69%	+5.33%
Volatility (1Y) Calculated over the trailing 1-year period	51.85%	44.95%	+6.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.98%	35.66%	+9.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.98%	35.66%	+9.32%

AGMI vs. COPJ - Expense Ratio Comparison

AGMI has a 0.35% expense ratio, which is lower than COPJ's 0.78% expense ratio.

Dividends

AGMI vs. COPJ - Dividend Comparison

AGMI's dividend yield for the trailing twelve months is around 4.67%, less than COPJ's 11.48% yield.

Position	TTM	2025	2024	2023
AGMI Themes Silver Miners ETF	4.67%	4.43%	1.81%	0.00%
COPJ Sprott Junior Copper Miners ETF	11.48%	11.57%	11.64%	2.48%

Frequently Asked Questions

Can I hold both AGMI and COPJ in my portfolio?

AGMI and COPJ have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGMI or COPJ?

AGMI has higher volatility (19.24%) compared to COPJ (18.91%). In terms of maximum drawdown, AGMI dropped -34.40% vs COPJ's -32.28%.

Which ETF is better, AGMI or COPJ?

On 1-year performance, COPJ leads with 82.49% vs 77.19% for AGMI. On fees, AGMI is cheaper at 0.35% per year. On volatility, COPJ has been the lower-risk option at 18.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AGMI or COPJ?

Over the 1-year period, COPJ has performed better with a 82.49% return vs 77.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AGMI or COPJ?

AGMI is cheaper with a 0.35% expense ratio, compared with 0.78% for COPJ.

Which ETF pays a higher dividend yield, AGMI or COPJ?

COPJ has the higher dividend yield at 11.48%, compared with 4.67% for AGMI.

What is the main difference between AGMI and COPJ?

AGMI is categorized as Silver, while COPJ is Copper. AGMI tracks STOXX Global Silver Mining Index, while COPJ tracks Nasdaq Sprott Junior Copper Miners Index. They also come from different issuers: Themes and Sprott. Their fees differ too: 0.35% for AGMI and 0.78% for COPJ.

Which has better risk-adjusted returns?

COPJ currently has the higher Sharpe Ratio (1.84 vs 1.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.