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 38.25%/yr vs 44.78%/yr for HL. A 0.56 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 0.79% return, which is significantly higher than HL's -19.56% return.
COPJ
- 1D
- 2.38%
- 1M
- -11.17%
- YTD
- 0.79%
- 6M
- -0.15%
- 1Y
- 82.49%
- 3Y*
- 38.25%
- 5Y*
- —
- 10Y*
- —
HL
- 1D
- 0.19%
- 1M
- -13.17%
- YTD
- -19.56%
- 6M
- -20.80%
- 1Y
- 157.90%
- 3Y*
- 44.78%
- 5Y*
- 16.35%
- 10Y*
- 11.45%
COPJ vs. HL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
COPJ Sprott Junior Copper Miners ETF | 0.79% | 140.63% | 11.07% | -6.47% |
HL Hecla Mining Company | -19.56% | 291.70% | 2.82% | -22.91% |
Correlation
The correlation between COPJ and HL is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023 | 0.56 |
The correlation between COPJ and HL has been stable across timeframes, ranging from 0.56 to 0.58 - 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 | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.32 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 2.85 | -0.28 |
| Martin ratioReturn relative to average drawdown | 6.71 | 5.91 | +0.81 |
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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 | -22.96% | -51.47% | +28.51% |
Average DrawdownAverage peak-to-trough decline | -12.08% | -69.91% | +57.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.33% | 26.84% | -14.51% |
Volatility
COPJ vs. HL - Volatility Comparison
The current volatility for Sprott Junior Copper Miners ETF (COPJ) is 18.91%, while Hecla Mining Company (HL) has a volatility of 21.36%. 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 | 18.91% | 21.36% | -2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 38.69% | 54.58% | -15.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.95% | 73.45% | -28.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.66% | 59.39% | -23.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.66% | 62.83% | -27.17% |
Dividends
COPJ vs. HL - Dividend Comparison
COPJ's dividend yield for the trailing twelve months is around 11.48%, 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 | 11.48% | 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 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HL has higher volatility (21.36%) compared to COPJ (18.91%). In terms of maximum drawdown, COPJ dropped -32.28% vs HL's -97.92%.
HL currently has the higher Sharpe Ratio (2.16 vs 1.84), 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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