COPJ vs. DBE
COPJ (Sprott Junior Copper Miners ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - COPJ is a Commodity Producers Equities fund tracking the Nasdaq Sprott Junior Copper Miners Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 3 years, COPJ returned 45.39%/yr vs 23.42%/yr for DBE. At a 0.13 correlation, their price movements are largely independent. Both charge a 0.78% expense ratio.
Performance
COPJ vs. DBE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, COPJ achieves a 15.22% return, which is significantly lower than DBE's 83.68% return.
COPJ
- 1D
- -4.49%
- 1M
- 13.66%
- YTD
- 15.22%
- 6M
- 30.03%
- 1Y
- 123.62%
- 3Y*
- 45.39%
- 5Y*
- —
- 10Y*
- —
DBE
- 1D
- 2.33%
- 1M
- -5.45%
- YTD
- 83.68%
- 6M
- 74.95%
- 1Y
- 84.41%
- 3Y*
- 23.42%
- 5Y*
- 19.66%
- 10Y*
- 12.03%
COPJ vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
COPJ Sprott Junior Copper Miners ETF | 15.22% | 140.63% | 11.07% | -5.30% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -5.38% |
Correlation
The correlation between COPJ and DBE is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2023 | 0.13 |
The correlation between COPJ and DBE shifts across timeframes, from -0.14 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
COPJ vs. DBE — Risk / Return Rank
COPJ
DBE
COPJ vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Junior Copper Miners ETF (COPJ) and Invesco DB Energy Fund (DBE). 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.
| COPJ | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.40 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 5.89 | -2.04 |
| Martin ratioReturn relative to average drawdown | 11.26 | 11.53 | -0.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| COPJ | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.95 | 2.43 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.67 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.09 | +1.00 |
Drawdowns
COPJ vs. DBE - Drawdown Comparison
The maximum COPJ drawdown since its inception was -32.28%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for COPJ and DBE.
Loading charts...
Drawdown Indicators
| COPJ | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.28% | -86.69% | +54.41% |
Max Drawdown (1Y)Largest decline over 1 year | -32.28% | -14.41% | -17.87% |
Max Drawdown (3Y)Largest decline over 3 years | -32.28% | -23.89% | -8.39% |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -11.93% | -30.27% | +18.34% |
Average DrawdownAverage peak-to-trough decline | -11.86% | -57.31% | +45.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.02% | 7.35% | +3.67% |
Volatility
COPJ vs. DBE - Volatility Comparison
Sprott Junior Copper Miners ETF (COPJ) has a higher volatility of 15.44% compared to Invesco DB Energy Fund (DBE) at 12.95%. This indicates that COPJ's price experiences larger fluctuations and is considered to be riskier than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| COPJ | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.44% | 12.95% | +2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 35.19% | 30.86% | +4.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.16% | 34.97% | +7.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.78% | 29.39% | +5.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.78% | 28.33% | +6.45% |
COPJ vs. DBE - Expense Ratio Comparison
Both COPJ and DBE have an expense ratio of 0.78%.
Dividends
COPJ vs. DBE - Dividend Comparison
COPJ's dividend yield for the trailing twelve months is around 10.04%, more than DBE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
COPJ Sprott Junior Copper Miners ETF | 10.04% | 11.57% | 11.64% | 2.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DBE Invesco DB Energy Fund | 2.10% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
Frequently Asked Questions
COPJ and DBE have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COPJ has higher volatility (15.44%) compared to DBE (12.95%). In terms of maximum drawdown, COPJ dropped -32.28% vs DBE's -86.69%.
On 3-year performance, COPJ leads with 45.39% vs 23.42% for DBE. Both ETFs have the same 0.78% expense ratio. On volatility, DBE has been the lower-risk option at 12.95%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, COPJ has performed better with a 45.39% return vs 23.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
COPJ and DBE have the same expense ratio: 0.78% per year.
COPJ has the higher dividend yield at 10.04%, compared with 2.10% for DBE.
COPJ is categorized as Commodity Producers Equities, while DBE is Oil & Gas. COPJ tracks Nasdaq Sprott Junior Copper Miners Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Sprott and Invesco.
COPJ currently has the higher Sharpe Ratio (2.95 vs 2.43), 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.
Find the right allocation for COPJ and DBE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer