COPJ vs. SVR-C.TO
COPJ (Sprott Junior Copper Miners ETF) and SVR-C.TO (iShares Silver Bullion ETF (Non-Hedged)) are both exchange-traded funds - COPJ is a Copper fund tracking the Nasdaq Sprott Junior Copper Miners Index, while SVR-C.TO is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 3 years, COPJ returned 38.25%/yr vs 36.65%/yr for SVR-C.TO. At a 0.43 correlation, their price movements are largely independent. COPJ charges 0.78%/yr vs 0.66%/yr for SVR-C.TO.
Performance
COPJ vs. SVR-C.TO - Performance Comparison
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Different Trading Currencies
COPJ is traded in USD, while SVR-C.TO is traded in CAD. To make them comparable, the SVR-C.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, COPJ achieves a 0.79% return, which is significantly higher than SVR-C.TO's -17.45% return.
COPJ
- 1D
- 2.38%
- 1M
- -11.17%
- YTD
- 0.79%
- 6M
- -0.15%
- 1Y
- 82.49%
- 3Y*
- 38.25%
- 5Y*
- —
- 10Y*
- —
SVR-C.TO
- 1D
- 1.73%
- 1M
- -21.81%
- YTD
- -17.45%
- 6M
- -22.77%
- 1Y
- 63.83%
- 3Y*
- 36.65%
- 5Y*
- 17.03%
- 10Y*
- 11.49%
COPJ vs. SVR-C.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
COPJ Sprott Junior Copper Miners ETF | 0.79% | 140.63% | 11.07% | -6.47% |
SVR-C.TO iShares Silver Bullion ETF (Non-Hedged) | -17.45% | 144.05% | 20.41% | 0.58% |
Correlation
The correlation between COPJ and SVR-C.TO 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 | 0.46 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023 | 0.43 |
The correlation between COPJ and SVR-C.TO shifts across timeframes, from 0.43 (all time) to 0.58 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
COPJ vs. SVR-C.TO — Risk / Return Rank
COPJ
SVR-C.TO
COPJ vs. SVR-C.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Junior Copper Miners ETF (COPJ) and iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO). 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 | SVR-C.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.23 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 1.26 | +1.31 |
| Martin ratioReturn relative to average drawdown | 6.71 | 2.76 | +3.95 |
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Drawdowns
COPJ vs. SVR-C.TO - Drawdown Comparison
The maximum COPJ drawdown since its inception was -32.28%, smaller than the maximum SVR-C.TO drawdown of -67.24%. Use the drawdown chart below to compare losses from any high point for COPJ and SVR-C.TO.
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Drawdown Indicators
| COPJ | SVR-C.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.28% | -67.24% | +34.96% |
Max Drawdown (1Y)Largest decline over 1 year | -32.28% | -51.08% | +18.80% |
Max Drawdown (3Y)Largest decline over 3 years | -32.28% | -51.08% | +18.80% |
Max Drawdown (5Y)Largest decline over 5 years | — | -51.08% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.08% | — |
Current DrawdownCurrent decline from peak | -22.96% | -49.32% | +26.36% |
Average DrawdownAverage peak-to-trough decline | -12.08% | -40.00% | +27.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.33% | 23.18% | -10.85% |
Volatility
COPJ vs. SVR-C.TO - Volatility Comparison
Sprott Junior Copper Miners ETF (COPJ) has a higher volatility of 18.91% compared to iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO) at 15.47%. This indicates that COPJ's price experiences larger fluctuations and is considered to be riskier than SVR-C.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COPJ | SVR-C.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.91% | 15.47% | +3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 38.69% | 56.85% | -18.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.95% | 59.24% | -14.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.66% | 36.71% | -1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.66% | 32.53% | +3.13% |
COPJ vs. SVR-C.TO - Expense Ratio Comparison
COPJ has a 0.78% expense ratio, which is higher than SVR-C.TO's 0.66% expense ratio.
Dividends
COPJ vs. SVR-C.TO - Dividend Comparison
COPJ's dividend yield for the trailing twelve months is around 11.48%, while SVR-C.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
COPJ Sprott Junior Copper Miners ETF | 11.48% | 11.57% | 11.64% | 2.48% |
SVR-C.TO iShares Silver Bullion ETF (Non-Hedged) | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
COPJ and SVR-C.TO 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.
On fees, SVR-C.TO is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SVR-C.TO is cheaper with a 0.66% expense ratio, compared with 0.78% for COPJ.
COPJ is categorized as Copper, while SVR-C.TO is Silver. COPJ tracks Nasdaq Sprott Junior Copper Miners Index, while SVR-C.TO tracks LBMA Silver Price. They also come from different issuers: Sprott and iShares. Their fees differ too: 0.78% for COPJ and 0.66% for SVR-C.TO.
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