COPJ vs. COPP

Last updated Aug 2, 2026

COPJ (Sprott Junior Copper Miners ETF) and COPP (Sprott Copper Miners ETF) are both Copper funds from Sprott - COPJ tracks the Nasdaq Sprott Junior Copper Miners Index while COPP tracks the Nasdaq Sprott Copper Miners Index. Both are passively managed. Over the past year, COPJ returned 79.19% vs 82.28% for COPP. Their correlation of 0.85 means they have usually moved in the same direction. COPJ charges 0.78%/yr vs 0.65%/yr for COPP.

Performance

COPJ vs. COPP - Performance Comparison

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

Returns By Period

COPJ

• 1D: -0.83%
• 1M: -1.50%
• 6M: -14.72%
• YTD: 0.00%
• 1Y: 79.19%
• 3Y*: 34.70%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 30.01%

COPP

• 1D: -1.26%
• 1M: 1.53%
• 6M: -3.95%
• YTD: 10.34%
• 1Y: 82.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 33.52%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
COPJ Sprott Junior Copper Miners ETF	$2.16M	$2.22M	$3.49M
COPP Sprott Copper Miners ETF	$2.68M	$3.51M	$5.40M

COPJ vs. COPP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
COPJ Sprott Junior Copper Miners ETF	0.00%	140.63%	14.37%
COPP Sprott Copper Miners ETF	10.34%	74.02%	4.25%

Correlation

The correlation between COPJ and COPP is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.87
Correlation (All Time) Calculated using the full available price history since Mar 6, 2024	0.85

The correlation between COPJ and COPP has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.

COPJ vs. COPP - Sectors Allocation Comparison

Sectors	COPJ	COPP
Basic Materials	100.0%	99.1%
Technology	3.6%	0.1%
Communication Services	-	0.1%
Consumer Cyclical	-	0.1%
Consumer Defensive	-	0.1%
Energy	-	0.1%
Financial Services	-	0.3%
Healthcare	-	0.1%
Industrials	-	0.1%
Real Estate	-	0.0%
Utilities	-	0.0%

Return for Risk

COPJ vs. COPP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

COPJ

COPJ Risk / Return Rank: 68
COPJ Sharpe Ratio Rank: 78
COPJ Sortino Ratio Rank: 67
COPJ Omega Ratio Rank: 70
COPJ Calmar Ratio Rank: 73
COPJ Martin Ratio Rank: 50

COPP

COPP Risk / Return Rank: 72
COPP Sharpe Ratio Rank: 78
COPP Sortino Ratio Rank: 69
COPP Omega Ratio Rank: 67
COPP Calmar Ratio Rank: 79
COPP Martin Ratio Rank: 66

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

COPJ vs. COPP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Junior Copper Miners ETF (COPJ) and Sprott Copper Miners ETF (COPP). 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	COPP	Difference
Sharpe ratio: Return per unit of total volatility	1.77	1.78	0.00
Sortino ratio: Return per unit of downside risk	2.20	2.24	-0.04
Omega ratio: Gain probability vs. loss probability	1.29	1.28	+0.01
Calmar ratio: Return relative to maximum drawdown	2.53	2.82	-0.29
Martin ratio: Return relative to average drawdown	5.76	7.98	-2.22

COPJ vs. COPP - Sharpe Ratio Comparison

The current COPJ Sharpe Ratio is 1.77, which is comparable to the COPP Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of COPJ and COPP, 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

COPJ vs. COPP - Drawdown Comparison

The maximum COPJ drawdown since its inception was -32.28%, smaller than the maximum COPP drawdown of -44.37%. Use the drawdown chart below to compare losses from any high point for COPJ and COPP.

Drawdown Indicators

	COPJ	COPP	Difference
Max Drawdown Largest peak-to-trough decline	-32.28%	-44.37%	+12.09%
Max Drawdown (1Y) Largest decline over 1 year	-32.28%	-28.91%	-3.37%
Max Drawdown (3Y) Largest decline over 3 years	-32.28%	—	—
Current Drawdown Current decline from peak	-23.56%	-15.95%	-7.61%
Average Drawdown Average peak-to-trough decline	-12.38%	-14.06%	+1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.14%	10.21%	+3.93%

Volatility

COPJ vs. COPP - Volatility Comparison

Sprott Junior Copper Miners ETF (COPJ) and Sprott Copper Miners ETF (COPP) have volatilities of 12.84% and 12.99%, 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

	COPJ	COPP	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.84%	12.99%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	39.35%	39.81%	-0.46%
Volatility (1Y) Calculated over the trailing 1-year period	46.09%	45.99%	+0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.86%	41.68%	-5.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.86%	41.68%	-5.82%

COPJ vs. COPP - Expense Ratio Comparison

COPJ has a 0.78% expense ratio, which is higher than COPP's 0.65% expense ratio.

Dividends

COPJ vs. COPP - Dividend Comparison

COPJ's dividend yield for the trailing twelve months is around 11.57%, more than COPP's 2.14% yield.

Position	TTM	2025	2024	2023
COPJ Sprott Junior Copper Miners ETF	11.57%	11.57%	11.64%	2.48%
COPP Sprott Copper Miners ETF	2.14%	2.37%	2.59%	0.00%

Frequently Asked Questions

Can I hold both COPJ and COPP in my portfolio?

COPJ and COPP have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COPJ or COPP?

COPP has higher volatility (12.99%) compared to COPJ (12.84%). In terms of maximum drawdown, COPJ dropped -32.28% vs COPP's -44.37%.

Which ETF is better, COPJ or COPP?

On 1-year performance, COPP leads with 82.28% vs 79.19% for COPJ. On fees, COPP is cheaper at 0.65% per year. On volatility, COPJ has been the lower-risk option at 12.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COPJ or COPP?

Over the 1-year period, COPP has performed better with a 82.28% return vs 79.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COPJ or COPP?

COPP is cheaper with a 0.65% expense ratio, compared with 0.78% for COPJ.

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

COPJ has the higher dividend yield at 11.57%, compared with 2.14% for COPP.

What is the main difference between COPJ and COPP?

COPJ tracks Nasdaq Sprott Junior Copper Miners Index, while COPP tracks Nasdaq Sprott Copper Miners Index. Their fees differ too: 0.78% for COPJ and 0.65% for COPP.

Which has better risk-adjusted returns?

COPP currently has the higher Sharpe Ratio (1.78 vs 1.77), 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.