COPA.L vs. SLVR.L
COPA.L (WisdomTree Copper) and SLVR.L (WisdomTree Silver) are both exchange-traded funds - COPA.L is a Metals fund tracking the Bloomberg Copper Subindex, while SLVR.L is a Silver fund tracking the Bloomberg Silver Subindex. Both are passively managed. Over the past 10 years, COPA.L returned 10.33%/yr vs 13.50%/yr for SLVR.L. At a 0.44 correlation, their price movements are largely independent. Both charge a 0.49% expense ratio.
Performance
COPA.L vs. SLVR.L - Performance Comparison
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Returns By Period
In the year-to-date period, COPA.L achieves a 13.93% return, which is significantly higher than SLVR.L's 3.62% return. Over the past 10 years, COPA.L has underperformed SLVR.L with an annualized return of 10.33%, while SLVR.L has yielded a comparatively higher 13.50% annualized return.
COPA.L
- 1D
- 0.27%
- 1M
- 9.03%
- YTD
- 13.93%
- 6M
- 21.07%
- 1Y
- 30.28%
- 3Y*
- 19.08%
- 5Y*
- 7.06%
- 10Y*
- 10.33%
SLVR.L
- 1D
- 0.43%
- 1M
- -0.02%
- YTD
- 3.62%
- 6M
- 28.48%
- 1Y
- 109.37%
- 3Y*
- 43.40%
- 5Y*
- 19.20%
- 10Y*
- 13.50%
COPA.L vs. SLVR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COPA.L WisdomTree Copper | 13.93% | 36.37% | 4.81% | 2.66% | -13.58% | 24.36% | 21.41% | 4.90% | -20.37% | 26.83% |
SLVR.L WisdomTree Silver | 3.62% | 136.72% | 20.15% | -2.57% | 2.25% | -14.66% | 40.61% | 13.97% | -10.13% | 1.46% |
Correlation
The correlation between COPA.L and SLVR.L is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2007 | 0.44 |
The correlation between COPA.L and SLVR.L shifts across timeframes, from 0.43 (10 years) to 0.61 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
COPA.L vs. SLVR.L — Risk / Return Rank
COPA.L
SLVR.L
COPA.L vs. SLVR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Copper (COPA.L) and WisdomTree Silver (SLVR.L). 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.
| COPA.L | SLVR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.33 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 2.67 | -1.48 |
| Martin ratioReturn relative to average drawdown | 2.57 | 5.81 | -3.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| COPA.L | SLVR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.85 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.52 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.42 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.22 | -0.13 |
Drawdowns
COPA.L vs. SLVR.L - Drawdown Comparison
The maximum COPA.L drawdown since its inception was -67.44%, smaller than the maximum SLVR.L drawdown of -79.93%. Use the drawdown chart below to compare losses from any high point for COPA.L and SLVR.L.
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Drawdown Indicators
| COPA.L | SLVR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.44% | -79.93% | +12.49% |
Max Drawdown (1Y)Largest decline over 1 year | -25.25% | -40.74% | +15.49% |
Max Drawdown (3Y)Largest decline over 3 years | -25.25% | -40.74% | +15.49% |
Max Drawdown (5Y)Largest decline over 5 years | -34.64% | -40.74% | +6.10% |
Max Drawdown (10Y)Largest decline over 10 years | -38.75% | -46.90% | +8.15% |
Current DrawdownCurrent decline from peak | -2.26% | -35.42% | +33.16% |
Average DrawdownAverage peak-to-trough decline | -33.24% | -49.43% | +16.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.73% | 18.74% | -7.01% |
Volatility
COPA.L vs. SLVR.L - Volatility Comparison
The current volatility for WisdomTree Copper (COPA.L) is 8.83%, while WisdomTree Silver (SLVR.L) has a volatility of 17.68%. This indicates that COPA.L experiences smaller price fluctuations and is considered to be less risky than SLVR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COPA.L | SLVR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.83% | 17.68% | -8.85% |
Volatility (6M)Calculated over the trailing 6-month period | 18.91% | 56.07% | -37.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.17% | 58.81% | -25.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.20% | 36.80% | -10.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.28% | 31.95% | -8.67% |
COPA.L vs. SLVR.L - Expense Ratio Comparison
Both COPA.L and SLVR.L have an expense ratio of 0.49%.
Dividends
COPA.L vs. SLVR.L - Dividend Comparison
Neither COPA.L nor SLVR.L has paid dividends to shareholders.
Frequently Asked Questions
COPA.L and SLVR.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
COPA.L and SLVR.L have the same expense ratio: 0.49% per year.
COPA.L is categorized as Metals, while SLVR.L is Silver. COPA.L tracks Bloomberg Copper Subindex, while SLVR.L tracks Bloomberg Silver Subindex.
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