COPJ vs. URNM

Last updated Apr 2, 2026

Compare and contrast key facts about Sprott Junior Copper Miners ETF (COPJ) and NorthShore Global Uranium Mining ETF (URNM).

COPJ and URNM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. COPJ is a passively managed fund by Sprott that tracks the performance of the Nasdaq Sprott Junior Copper Miners Index - Benchmark TR Net. It was launched on Feb 1, 2023. URNM is a passively managed fund by Exchange Traded Concepts that tracks the performance of the North Shore Global Uranium Mining Index. It was launched on Dec 3, 2019. Both COPJ and URNM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

COPJ vs. URNM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Junior Copper Miners ETF (COPJ) and NorthShore Global Uranium Mining ETF (URNM). The values are adjusted to include any dividend payments, if applicable.

COPJ vs. URNM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
COPJ Sprott Junior Copper Miners ETF	1.20%	140.63%	11.07%	-5.30%
URNM NorthShore Global Uranium Mining ETF	16.36%	40.78%	-14.13%	33.60%

Returns By Period

In the year-to-date period, COPJ achieves a 1.20% return, which is significantly lower than URNM's 16.36% return.

COPJ

• 1D: 2.03%
• 1M: -19.66%
• YTD: 1.20%
• 6M: 38.36%
• 1Y: 122.82%
• 3Y*: 38.27%
• 5Y*: —
• 10Y*: —

URNM

• 1D: 1.14%
• 1M: -15.47%
• YTD: 16.36%
• 6M: 10.70%
• 1Y: 103.12%
• 3Y*: 30.96%
• 5Y*: 20.50%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

COPJ vs. URNM - Expense Ratio Comparison

COPJ has a 0.78% expense ratio, which is lower than URNM's 0.85% expense ratio.

URNM

NorthShore Global Uranium Mining ETF

COPJ

Sprott Junior Copper Miners ETF

Return for Risk

COPJ vs. URNM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COPJ

COPJ Risk / Return Rank: 95
COPJ Sharpe Ratio Rank: 97
COPJ Sortino Ratio Rank: 95
COPJ Omega Ratio Rank: 94
COPJ Calmar Ratio Rank: 94
COPJ Martin Ratio Rank: 93

URNM

URNM Risk / Return Rank: 86
URNM Sharpe Ratio Rank: 90
URNM Sortino Ratio Rank: 90
URNM Omega Ratio Rank: 80
URNM Calmar Ratio Rank: 92
URNM Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

COPJ vs. URNM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Junior Copper Miners ETF (COPJ) and NorthShore Global Uranium Mining ETF (URNM). 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.

	COPJ	URNM	Difference
Sharpe ratio Return per unit of total volatility	2.96	2.01	+0.95
Sortino ratio Return per unit of downside risk	3.13	2.60	+0.53
Omega ratio Gain probability vs. loss probability	1.45	1.32	+0.13
Calmar ratio Return relative to maximum drawdown	3.78	3.36	+0.42
Martin ratio Return relative to average drawdown	13.93	9.26	+4.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COPJ vs. URNM - Sharpe Ratio Comparison

The current COPJ Sharpe Ratio is 2.96, which is higher than the URNM Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of COPJ and URNM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	COPJ	URNM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.96	2.01	+0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.03	0.71	+0.32

Correlation

The correlation between COPJ and URNM is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

COPJ vs. URNM - Dividend Comparison

COPJ's dividend yield for the trailing twelve months is around 11.44%, more than URNM's 2.73% yield.

	TTM	2025	2024	2023	2022	2021	2020
COPJ Sprott Junior Copper Miners ETF	11.44%	11.57%	11.64%	2.48%	0.00%	0.00%	0.00%
URNM NorthShore Global Uranium Mining ETF	2.73%	3.18%	3.18%	3.63%	0.00%	6.70%	2.57%

Drawdowns

COPJ vs. URNM - Drawdown Comparison

The maximum COPJ drawdown since its inception was -32.28%, smaller than the maximum URNM drawdown of -50.78%. Use the drawdown chart below to compare losses from any high point for COPJ and URNM.

Drawdown Indicators

	COPJ	URNM	Difference
Max Drawdown Largest peak-to-trough decline	-32.28%	-50.78%	+18.50%
Max Drawdown (1Y) Largest decline over 1 year	-32.28%	-30.79%	-1.49%
Max Drawdown (5Y) Largest decline over 5 years	—	-50.78%	—
Current Drawdown Current decline from peak	-22.65%	-23.96%	+1.31%
Average Drawdown Average peak-to-trough decline	-11.59%	-17.89%	+6.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.76%	11.19%	-2.43%

Volatility

COPJ vs. URNM - Volatility Comparison

Sprott Junior Copper Miners ETF (COPJ) and NorthShore Global Uranium Mining ETF (URNM) have volatilities of 17.82% and 17.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COPJ	URNM	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.82%	17.16%	+0.66%
Volatility (6M) Calculated over the trailing 6-month period	34.55%	40.48%	-5.93%
Volatility (1Y) Calculated over the trailing 1-year period	41.70%	51.55%	-9.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.87%	47.95%	-14.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.87%	46.74%	-12.87%