CCNR vs. COPJ

Last updated Jun 4, 2026

CCNR (ALPS/CoreCommodity Natural Resources ETF) and COPJ (Sprott Junior Copper Miners ETF) are both Commodity Producers Equities funds. CCNR is actively managed, while COPJ is passively managed. Over the past year, CCNR returned 69.39% vs 123.62% for COPJ. A 0.68 correlation means they provide meaningful diversification when combined. CCNR charges 0.39%/yr vs 0.78%/yr for COPJ.

Performance

CCNR vs. COPJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS/CoreCommodity Natural Resources ETF (CCNR) 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, CCNR achieves a 27.16% return, which is significantly higher than COPJ's 15.22% return.

CCNR

• 1D: -0.85%
• 1M: 1.95%
• YTD: 27.16%
• 6M: 30.28%
• 1Y: 69.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

COPJ

• 1D: -4.49%
• 1M: 13.66%
• YTD: 15.22%
• 6M: 30.03%
• 1Y: 123.62%
• 3Y*: 45.39%
• 5Y*: —
• 10Y*: —

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

CCNR vs. COPJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CCNR ALPS/CoreCommodity Natural Resources ETF	27.16%	46.48%	-8.12%
COPJ Sprott Junior Copper Miners ETF	15.22%	140.63%	-10.38%

Correlation

The correlation between CCNR and COPJ is 0.63, 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	0.63
Correlation (All Time) Calculated using the full available price history since Jul 12, 2024	0.68

The correlation between CCNR and COPJ has been stable across timeframes, ranging from 0.63 to 0.68 - a consistent structural relationship.

CCNR vs. COPJ - Sectors Allocation Comparison

Sectors	CCNR	COPJ
Energy	38.0%	-
Basic Materials	31.6%	100.0%
Consumer Defensive	8.5%	-
Utilities	8.5%	-
Industrials	7.5%	-
Technology	4.3%	3.6%
Consumer Cyclical	1.0%	-
Financial Services	0.6%	-
Real Estate	0.5%	-
Communication Services	-	-
Healthcare	-	-

Return for Risk

CCNR vs. COPJ — Risk / Return Rank

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

CCNR

CCNR Risk / Return Rank: 95
CCNR Sharpe Ratio Rank: 95
CCNR Sortino Ratio Rank: 93
CCNR Omega Ratio Rank: 93
CCNR Calmar Ratio Rank: 97
CCNR Martin Ratio Rank: 96

COPJ

COPJ Risk / Return Rank: 73
COPJ Sharpe Ratio Rank: 87
COPJ Sortino Ratio Rank: 67
COPJ Omega Ratio Rank: 72
COPJ Calmar Ratio Rank: 75
COPJ Martin Ratio Rank: 62

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.

CCNR vs. COPJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS/CoreCommodity Natural Resources ETF (CCNR) 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.

	CCNR	COPJ	Difference
Sharpe ratio: Return per unit of total volatility	3.94	2.95	+0.99
Sortino ratio: Return per unit of downside risk	4.76	3.14	+1.63
Omega ratio: Gain probability vs. loss probability	1.65	1.44	+0.22
Calmar ratio: Return relative to maximum drawdown	10.78	3.85	+6.93
Martin ratio: Return relative to average drawdown	35.10	11.26	+23.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CCNR vs. COPJ - Sharpe Ratio Comparison

The current CCNR Sharpe Ratio is 3.94, which is higher than the COPJ Sharpe Ratio of 2.95. The chart below compares the historical Sharpe Ratios of CCNR 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.

Sharpe Ratios by Period

	CCNR	COPJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.94	2.95	+0.99
Sharpe Ratio (All Time) Calculated using the full available price history	1.66	1.10	+0.57

Drawdowns

CCNR vs. COPJ - Drawdown Comparison

The maximum CCNR drawdown since its inception was -20.06%, smaller than the maximum COPJ drawdown of -32.28%. Use the drawdown chart below to compare losses from any high point for CCNR and COPJ.

Drawdown Indicators

	CCNR	COPJ	Difference
Max Drawdown Largest peak-to-trough decline	-20.06%	-32.28%	+12.22%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-32.28%	+25.81%
Max Drawdown (3Y) Largest decline over 3 years	—	-32.28%	—
Current Drawdown Current decline from peak	-1.14%	-11.93%	+10.79%
Average Drawdown Average peak-to-trough decline	-3.56%	-11.86%	+8.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	11.02%	-9.04%

Volatility

CCNR vs. COPJ - Volatility Comparison

The current volatility for ALPS/CoreCommodity Natural Resources ETF (CCNR) is 4.48%, while Sprott Junior Copper Miners ETF (COPJ) has a volatility of 15.44%. This indicates that CCNR experiences smaller price fluctuations and is considered to be less risky than COPJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CCNR	COPJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	15.44%	-10.96%
Volatility (6M) Calculated over the trailing 6-month period	12.77%	35.19%	-22.42%
Volatility (1Y) Calculated over the trailing 1-year period	17.74%	42.16%	-24.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.85%	34.78%	-14.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.85%	34.78%	-14.93%

CCNR vs. COPJ - Expense Ratio Comparison

CCNR has a 0.39% expense ratio, which is lower than COPJ's 0.78% expense ratio.

Dividends

CCNR vs. COPJ - Dividend Comparison

CCNR's dividend yield for the trailing twelve months is around 2.74%, less than COPJ's 10.04% yield.

Position	TTM	2025	2024	2023
CCNR ALPS/CoreCommodity Natural Resources ETF	2.74%	3.48%	1.27%	0.00%
COPJ Sprott Junior Copper Miners ETF	10.04%	11.57%	11.64%	2.48%

Frequently Asked Questions

Can I hold both CCNR and COPJ in my portfolio?

CCNR and COPJ have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CCNR or COPJ?

COPJ has higher volatility (15.44%) compared to CCNR (4.48%). In terms of maximum drawdown, CCNR dropped -20.06% vs COPJ's -32.28%.

Which ETF is better, CCNR or COPJ?

On 1-year performance, COPJ leads with 123.62% vs 69.39% for CCNR. On fees, CCNR is cheaper at 0.39% per year. On volatility, CCNR has been the lower-risk option at 4.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CCNR or COPJ?

Over the 1-year period, COPJ has performed better with a 123.62% return vs 69.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CCNR or COPJ?

CCNR is cheaper with a 0.39% expense ratio, compared with 0.78% for COPJ.

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

COPJ has the higher dividend yield at 10.04%, compared with 2.74% for CCNR.

What is the main difference between CCNR and COPJ?

They also come from different issuers: ALPS and Sprott. Their fees differ too: 0.39% for CCNR and 0.78% for COPJ.

Which has better risk-adjusted returns?

CCNR currently has the higher Sharpe Ratio (3.94 vs 2.95), 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.