COPA vs. SCOP
COPA (Themes Copper Miners ETF) and SCOP (Sprott Physical Copper Trust) are both Copper funds. COPA is passively managed, while SCOP is actively managed. Their 0.53 correlation means they have sometimes moved together and sometimes differently. COPA charges 0.35%/yr vs 1.30%/yr for SCOP.
Performance
COPA vs. SCOP - Performance Comparison
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Returns By Period
COPA
- 1D
- 0.58%
- 1M
- 0.04%
- 6M
- -1.55%
- YTD
- 11.80%
- 1Y
- 85.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 43.28%
SCOP
- 1D
- 0.00%
- 1M
- -1.68%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $160.04K | $142.88K | $165.97K | |
| $843.06K | $757.59K | $983.28K |
COPA vs. SCOP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
COPA Themes Copper Miners ETF | 3.15% |
SCOP Sprott Physical Copper Trust | -7.50% |
Correlation
The correlation between COPA and SCOP is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 4, 2026 | 0.53 |
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Return for Risk
COPA vs. SCOP — Risk / Return Rank
COPA
SCOP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
COPA vs. SCOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes Copper Miners ETF (COPA) and Sprott Physical Copper Trust (SCOP). 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.
| COPA | SCOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.31 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | — | — |
| Martin ratioReturn relative to average drawdown | 8.61 | — | — |
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Drawdowns
COPA vs. SCOP - Drawdown Comparison
The maximum COPA drawdown since its inception was -34.72%, which is greater than SCOP's maximum drawdown of -21.04%. Use the drawdown chart below to compare losses from any high point for COPA and SCOP.
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Drawdown Indicators
| COPA | SCOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.72% | -21.04% | -13.68% |
Max Drawdown (1Y)Largest decline over 1 year | -28.05% | — | — |
Current DrawdownCurrent decline from peak | -13.45% | -15.07% | +1.62% |
Average DrawdownAverage peak-to-trough decline | -9.87% | -10.28% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.94% | — | — |
Volatility
COPA vs. SCOP - Volatility Comparison
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Volatility by Period
| COPA | SCOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.64% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 35.80% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 43.18% | 42.49% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.53% | 42.49% | -2.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.53% | 42.49% | -2.96% |
COPA vs. SCOP - Expense Ratio Comparison
COPA has a 0.35% expense ratio, which is lower than SCOP's 1.30% expense ratio.
Dividends
COPA vs. SCOP - Dividend Comparison
COPA's dividend yield for the trailing twelve months is around 3.81%, while SCOP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
COPA Themes Copper Miners ETF | 3.81% | 4.26% | 1.33% |
SCOP Sprott Physical Copper Trust | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
COPA and SCOP have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, COPA is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
COPA is cheaper with a 0.35% expense ratio, compared with 1.30% for SCOP.
COPA has the higher dividend yield at 3.81%, compared with 0.00% for SCOP.
They also come from different issuers: Themes and Sprott. Their fees differ too: 0.35% for COPA and 1.30% for SCOP.
Find the right allocation for COPA and SCOP
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