COPJ vs. CPER
Compare and contrast key facts about Sprott Junior Copper Miners ETF (COPJ) and United States Copper Index Fund (CPER).
COPJ and CPER are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. COPJ is a passively managed fund by Sprott that tracks the performance of the Nasdaq Sprott Junior Copper Miners Index - Benchmark TR Net. It was launched on Feb 1, 2023. CPER is a passively managed fund by Concierge Technologies that tracks the performance of the SummerHaven Copper Index Total Return. It was launched on Nov 15, 2011. Both COPJ and CPER are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: COPJ or CPER.
Key characteristics
| COPJ | CPER | |
|---|---|---|
| YTD Return | 14.89% | 9.36% |
| 1Y Return | 15.09% | 12.20% |
| Sharpe Ratio | 0.56 | 0.63 |
| Daily Std Dev | 30.35% | 20.66% |
| Max Drawdown | -26.71% | -54.04% |
| Current Drawdown | -18.94% | -15.87% |
Correlation
The correlation between COPJ and CPER is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
COPJ vs. CPER - Performance Comparison
In the year-to-date period, COPJ achieves a 14.89% return, which is significantly higher than CPER's 9.36% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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COPJ vs. CPER - Expense Ratio Comparison
COPJ has a 0.78% expense ratio, which is lower than CPER's 0.80% expense ratio.
Risk-Adjusted Performance
COPJ vs. CPER - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Junior Copper Miners ETF (COPJ) and United States Copper Index Fund (CPER). 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.
Dividends
COPJ vs. CPER - Dividend Comparison
COPJ's dividend yield for the trailing twelve months is around 2.16%, while CPER has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
COPJ Sprott Junior Copper Miners ETF | 2.16% | 2.48% |
CPER United States Copper Index Fund | 0.00% | 0.00% |
Drawdowns
COPJ vs. CPER - Drawdown Comparison
The maximum COPJ drawdown since its inception was -26.71%, smaller than the maximum CPER drawdown of -54.04%. Use the drawdown chart below to compare losses from any high point for COPJ and CPER. For additional features, visit the drawdowns tool.
Volatility
COPJ vs. CPER - Volatility Comparison
Sprott Junior Copper Miners ETF (COPJ) has a higher volatility of 9.63% compared to United States Copper Index Fund (CPER) at 6.70%. This indicates that COPJ's price experiences larger fluctuations and is considered to be riskier than CPER based on this measure. The chart below showcases a comparison of their rolling one-month volatility.