COPJ vs. IVVD
COPJ (Sprott Junior Copper Miners ETF) is Copper fund tracking the Nasdaq Sprott Junior Copper Miners Index, while IVVD (Invivyd Inc.) is a stock. Over the past 3 years, COPJ returned 34.22%/yr vs -22.28%/yr for IVVD. At a 0.18 correlation, their price movements are largely independent.
Performance
COPJ vs. IVVD - 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 IVVD's -72.26% 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%
IVVD
- 1D
- -7.70%
- 1M
- -29.34%
- 6M
- -72.03%
- YTD
- -72.26%
- 1Y
- -8.32%
- 3Y*
- -22.28%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -49.89%
COPJ vs. IVVD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
COPJ Sprott Junior Copper Miners ETF | -4.07% | 140.63% | 11.07% | -6.47% |
IVVD Invivyd Inc. | -72.26% | 457.44% | -88.75% | 74.34% |
Correlation
The correlation between COPJ and IVVD is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023 | 0.18 |
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Return for Risk
COPJ vs. IVVD — Risk / Return Rank
COPJ
IVVD
COPJ vs. IVVD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Junior Copper Miners ETF (COPJ) and Invivyd Inc. (IVVD). 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 | IVVD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.12 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | -0.11 | +2.12 |
| Martin ratioReturn relative to average drawdown | 4.80 | -0.21 | +5.01 |
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Drawdowns
COPJ vs. IVVD - Drawdown Comparison
The maximum COPJ drawdown since its inception was -32.28%, smaller than the maximum IVVD drawdown of -99.36%. Use the drawdown chart below to compare losses from any high point for COPJ and IVVD.
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Drawdown Indicators
| COPJ | IVVD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.28% | -99.36% | +67.08% |
Max Drawdown (1Y)Largest decline over 1 year | -32.28% | -76.20% | +43.92% |
Max Drawdown (3Y)Largest decline over 3 years | -32.28% | -92.90% | +60.62% |
Current DrawdownCurrent decline from peak | -26.67% | -98.78% | +72.11% |
Average DrawdownAverage peak-to-trough decline | -12.26% | -91.23% | +78.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.49% | 39.32% | -25.83% |
Volatility
COPJ vs. IVVD - Volatility Comparison
The current volatility for Sprott Junior Copper Miners ETF (COPJ) is 12.52%, while Invivyd Inc. (IVVD) has a volatility of 26.34%. This indicates that COPJ experiences smaller price fluctuations and is considered to be less risky than IVVD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COPJ | IVVD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.52% | 26.34% | -13.82% |
Volatility (6M)Calculated over the trailing 6-month period | 39.13% | 67.52% | -28.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.92% | 141.88% | -95.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.79% | 177.45% | -141.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.79% | 177.45% | -141.66% |
Dividends
COPJ vs. IVVD - Dividend Comparison
COPJ's dividend yield for the trailing twelve months is around 12.06%, while IVVD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
COPJ Sprott Junior Copper Miners ETF | 12.06% | 11.57% | 11.64% | 2.48% |
IVVD Invivyd Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
COPJ and IVVD have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVVD has higher volatility (26.34%) compared to COPJ (12.52%). In terms of maximum drawdown, COPJ dropped -32.28% vs IVVD's -99.36%.
COPJ currently has the higher Sharpe Ratio (1.41 vs -0.06), 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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