COPJ vs. AII.TO
COPJ (Sprott Junior Copper Miners ETF) is Copper fund tracking the Nasdaq Sprott Junior Copper Miners Index, while AII.TO (Almonty Industries Inc.) is a stock. Over the past 3 years, COPJ returned 38.25%/yr vs 189.68%/yr for AII.TO. At a 0.27 correlation, their price movements are largely independent.
Performance
COPJ vs. AII.TO - Performance Comparison
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Different Trading Currencies
COPJ is traded in USD, while AII.TO is traded in CAD. To make them comparable, the AII.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, COPJ achieves a 0.79% return, which is significantly lower than AII.TO's 87.33% return.
COPJ
- 1D
- 2.38%
- 1M
- -11.17%
- YTD
- 0.79%
- 6M
- -0.15%
- 1Y
- 82.49%
- 3Y*
- 38.25%
- 5Y*
- —
- 10Y*
- —
AII.TO
- 1D
- 2.26%
- 1M
- -16.76%
- YTD
- 87.33%
- 6M
- 86.46%
- 1Y
- 124.10%
- 3Y*
- 189.68%
- 5Y*
- 67.01%
- 10Y*
- 46.62%
COPJ vs. AII.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
COPJ Sprott Junior Copper Miners ETF | 0.79% | 140.63% | 11.07% | -6.47% |
AII.TO Almonty Industries Inc. | 87.33% | 826.55% | 55.36% | -32.11% |
Correlation
The correlation between COPJ and AII.TO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023 | 0.27 |
Over the past year, COPJ and AII.TO have become more correlated (0.47) than their long-term average of 0.27, meaning their price movements have been converging.
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Return for Risk
COPJ vs. AII.TO — Risk / Return Rank
COPJ
AII.TO
COPJ vs. AII.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Junior Copper Miners ETF (COPJ) and Almonty Industries Inc. (AII.TO). 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.
| COPJ | AII.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 2.26 | +0.31 |
| Martin ratioReturn relative to average drawdown | 6.71 | 4.65 | +2.06 |
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Drawdowns
COPJ vs. AII.TO - Drawdown Comparison
The maximum COPJ drawdown since its inception was -32.28%, smaller than the maximum AII.TO drawdown of -85.01%. Use the drawdown chart below to compare losses from any high point for COPJ and AII.TO.
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Drawdown Indicators
| COPJ | AII.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.28% | -85.01% | +52.73% |
Max Drawdown (1Y)Largest decline over 1 year | -32.28% | -55.32% | +23.04% |
Max Drawdown (3Y)Largest decline over 3 years | -32.28% | -55.32% | +23.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -62.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.80% | — |
Current DrawdownCurrent decline from peak | -22.96% | -29.47% | +6.51% |
Average DrawdownAverage peak-to-trough decline | -12.08% | -40.58% | +28.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.33% | 26.78% | -14.45% |
Volatility
COPJ vs. AII.TO - Volatility Comparison
The current volatility for Sprott Junior Copper Miners ETF (COPJ) is 18.91%, while Almonty Industries Inc. (AII.TO) has a volatility of 31.27%. This indicates that COPJ experiences smaller price fluctuations and is considered to be less risky than AII.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COPJ | AII.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.91% | 31.27% | -12.36% |
Volatility (6M)Calculated over the trailing 6-month period | 38.69% | 67.66% | -28.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.95% | 99.43% | -54.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.66% | 75.37% | -39.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.66% | 75.68% | -40.02% |
Dividends
COPJ vs. AII.TO - Dividend Comparison
COPJ's dividend yield for the trailing twelve months is around 11.48%, while AII.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AII.TO Almonty Industries Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
COPJ Sprott Junior Copper Miners ETF | 11.48% | 11.57% | 11.64% | 2.48% |
Frequently Asked Questions
COPJ and AII.TO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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