COPJ vs. HL
COPJ (Sprott Junior Copper Miners ETF) is Copper fund tracking the Nasdaq Sprott Junior Copper Miners Index, while HL (Hecla Mining Company) is a stock. Over the past 3 years, COPJ returned 34.22%/yr vs 35.33%/yr for HL. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
COPJ vs. HL - Performance Comparison
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Returns By Period
In the year-to-date period, COPJ achieves a -4.07% return, which is significantly higher than HL's -25.50% return.
COPJ
- 1D
- 0.23%
- 1M
- -11.32%
- 6M
- -15.71%
- YTD
- -4.07%
- 1Y
- 64.49%
- 3Y*
- 34.22%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 28.75%
HL
- 1D
- -0.28%
- 1M
- -10.46%
- 6M
- -46.14%
- YTD
- -25.50%
- 1Y
- 145.82%
- 3Y*
- 35.33%
- 5Y*
- 16.77%
- 10Y*
- 9.48%
- ALL TIME*
- -0.05%
COPJ vs. HL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
COPJ Sprott Junior Copper Miners ETF | -4.07% | 140.63% | 11.07% | -6.47% |
HL Hecla Mining Company | -25.50% | 291.70% | 2.82% | -22.91% |
Correlation
The correlation between COPJ and HL is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023 | 0.57 |
The correlation between COPJ and HL has been stable across timeframes, ranging from 0.57 to 0.62 - a consistent structural relationship.
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Return for Risk
COPJ vs. HL — Risk / Return Rank
COPJ
HL
COPJ vs. HL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Junior Copper Miners ETF (COPJ) and Hecla Mining Company (HL). 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 | HL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 2.63 | -0.62 |
| Martin ratioReturn relative to average drawdown | 4.80 | 5.00 | -0.21 |
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Drawdowns
COPJ vs. HL - Drawdown Comparison
The maximum COPJ drawdown since its inception was -32.28%, smaller than the maximum HL drawdown of -97.92%. Use the drawdown chart below to compare losses from any high point for COPJ and HL.
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Drawdown Indicators
| COPJ | HL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.28% | -97.92% | +65.64% |
Max Drawdown (1Y)Largest decline over 1 year | -32.28% | -55.81% | +23.53% |
Max Drawdown (3Y)Largest decline over 3 years | -32.28% | -55.81% | +23.53% |
Max Drawdown (5Y)Largest decline over 5 years | — | -55.81% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.45% | — |
Current DrawdownCurrent decline from peak | -26.67% | -55.06% | +28.39% |
Average DrawdownAverage peak-to-trough decline | -12.26% | -69.89% | +57.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.49% | 29.27% | -15.78% |
Volatility
COPJ vs. HL - Volatility Comparison
The current volatility for Sprott Junior Copper Miners ETF (COPJ) is 12.52%, while Hecla Mining Company (HL) has a volatility of 14.84%. This indicates that COPJ experiences smaller price fluctuations and is considered to be less risky than HL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COPJ | HL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.52% | 14.84% | -2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 39.13% | 52.19% | -13.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.92% | 73.35% | -27.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.79% | 59.45% | -23.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.79% | 62.75% | -26.96% |
Dividends
COPJ vs. HL - Dividend Comparison
COPJ's dividend yield for the trailing twelve months is around 12.06%, more than HL's 0.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COPJ Sprott Junior Copper Miners ETF | 12.06% | 11.57% | 11.64% | 2.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HL Hecla Mining Company | 0.10% | 0.08% | 0.81% | 0.65% | 0.40% | 0.72% | 0.25% | 0.29% | 0.42% | 0.25% | 0.19% | 0.53% |
Frequently Asked Questions
COPJ and HL have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HL has higher volatility (14.84%) compared to COPJ (12.52%). In terms of maximum drawdown, COPJ dropped -32.28% vs HL's -97.92%.
HL currently has the higher Sharpe Ratio (2.00 vs 1.41), 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.
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