COPJ vs. PL
COPJ (Sprott Junior Copper Miners ETF) is Copper fund tracking the Nasdaq Sprott Junior Copper Miners Index, while PL (Planet Labs PBC) is a stock. Over the past 3 years, COPJ returned 34.22%/yr vs 87.88%/yr for PL. At a 0.37 correlation, their price movements are largely independent.
Performance
COPJ vs. PL - Performance Comparison
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Returns By Period
In the year-to-date period, COPJ achieves a -4.07% return, which is significantly lower than PL's 12.32% 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%
PL
- 1D
- -1.42%
- 1M
- -21.54%
- 6M
- -23.04%
- YTD
- 12.32%
- 1Y
- 226.22%
- 3Y*
- 87.88%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.82%
COPJ vs. PL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
COPJ Sprott Junior Copper Miners ETF | -4.07% | 140.63% | 11.07% | -6.47% |
PL Planet Labs PBC | 12.32% | 388.12% | 63.56% | -49.69% |
Correlation
The correlation between COPJ and PL is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023 | 0.37 |
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Return for Risk
COPJ vs. PL — Risk / Return Rank
COPJ
PL
COPJ vs. PL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Junior Copper Miners ETF (COPJ) and Planet Labs PBC (PL). 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 | PL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.38 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 3.99 | -1.99 |
| Martin ratioReturn relative to average drawdown | 4.80 | 11.81 | -7.02 |
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Drawdowns
COPJ vs. PL - Drawdown Comparison
The maximum COPJ drawdown since its inception was -32.28%, smaller than the maximum PL drawdown of -85.11%. Use the drawdown chart below to compare losses from any high point for COPJ and PL.
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Drawdown Indicators
| COPJ | PL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.28% | -85.11% | +52.83% |
Max Drawdown (1Y)Largest decline over 1 year | -32.28% | -57.02% | +24.74% |
Max Drawdown (3Y)Largest decline over 3 years | -32.28% | -57.02% | +24.74% |
Current DrawdownCurrent decline from peak | -26.67% | -56.91% | +30.24% |
Average DrawdownAverage peak-to-trough decline | -12.26% | -55.19% | +42.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.49% | 19.24% | -5.75% |
Volatility
COPJ vs. PL - Volatility Comparison
The current volatility for Sprott Junior Copper Miners ETF (COPJ) is 12.52%, while Planet Labs PBC (PL) has a volatility of 24.26%. This indicates that COPJ experiences smaller price fluctuations and is considered to be less risky than PL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COPJ | PL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.52% | 24.26% | -11.74% |
Volatility (6M)Calculated over the trailing 6-month period | 39.13% | 73.92% | -34.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.92% | 104.22% | -58.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.79% | 84.87% | -49.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.79% | 84.87% | -49.08% |
Dividends
COPJ vs. PL - Dividend Comparison
COPJ's dividend yield for the trailing twelve months is around 12.06%, while PL 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% |
PL Planet Labs PBC | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
COPJ and PL have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PL has higher volatility (24.26%) compared to COPJ (12.52%). In terms of maximum drawdown, COPJ dropped -32.28% vs PL's -85.11%.
PL currently has the higher Sharpe Ratio (2.19 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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