COPP.L vs. SILG.L

Last updated Jun 5, 2026

COPP.L (Sprott Pure Play Copper Miners UCITS ETF) and SILG.L (Global X Silver Miners UCITS ETF USD Accumulating) are both exchange-traded funds - COPP.L is a Commodity Producers Equities fund tracking the Nasdaq Sprott Copper Miners Index, while SILG.L is a Silver fund tracking the Solactive Global Silver Miners Total Return v2 Index. Both are passively managed. Over the past year, COPP.L returned 115.40% vs 98.68% for SILG.L. A 0.63 correlation means they provide meaningful diversification when combined. Both charge a 0.65% expense ratio.

Performance

COPP.L vs. SILG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Sprott Pure Play Copper Miners UCITS ETF (COPP.L) and Global X Silver Miners UCITS ETF USD Accumulating (SILG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COPP.L achieves a 21.26% return, which is significantly higher than SILG.L's 5.62% return.

COPP.L

• 1D: -1.45%
• 1M: 18.47%
• YTD: 21.26%
• 6M: 27.24%
• 1Y: 115.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SILG.L

• 1D: 0.35%
• 1M: 2.67%
• YTD: 5.62%
• 6M: 16.67%
• 1Y: 98.68%
• 3Y*: 45.51%
• 5Y*: —
• 10Y*: —

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

COPP.L vs. SILG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
COPP.L Sprott Pure Play Copper Miners UCITS ETF	21.26%	90.17%	11.10%	12.25%
SILG.L Global X Silver Miners UCITS ETF USD Accumulating	5.62%	153.98%	13.53%	5.04%

Correlation

The correlation between COPP.L and SILG.L is 0.69, 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	0.69
Correlation (All Time) Calculated using the full available price history since Dec 8, 2023	0.63

The correlation between COPP.L and SILG.L has been stable across timeframes, ranging from 0.63 to 0.69 - a consistent structural relationship.

Return for Risk

COPP.L vs. SILG.L — Risk / Return Rank

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

COPP.L

COPP.L Risk / Return Rank: 79
COPP.L Sharpe Ratio Rank: 89
COPP.L Sortino Ratio Rank: 77
COPP.L Omega Ratio Rank: 73
COPP.L Calmar Ratio Rank: 81
COPP.L Martin Ratio Rank: 75

SILG.L

SILG.L Risk / Return Rank: 54
SILG.L Sharpe Ratio Rank: 60
SILG.L Sortino Ratio Rank: 50
SILG.L Omega Ratio Rank: 50
SILG.L Calmar Ratio Rank: 64
SILG.L Martin Ratio Rank: 47

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.

COPP.L vs. SILG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Pure Play Copper Miners UCITS ETF (COPP.L) and Global X Silver Miners UCITS ETF USD Accumulating (SILG.L). 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.

	COPP.L	SILG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.95	1.98	+0.97
Sortino ratio: Return per unit of downside risk	3.40	2.43	+0.97
Omega ratio: Gain probability vs. loss probability	1.43	1.31	+0.12
Calmar ratio: Return relative to maximum drawdown	4.13	3.16	+0.98
Martin ratio: Return relative to average drawdown	14.03	7.69	+6.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COPP.L vs. SILG.L - Sharpe Ratio Comparison

The current COPP.L Sharpe Ratio is 2.95, which is higher than the SILG.L Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of COPP.L and SILG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	COPP.L	SILG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.95	1.98	+0.97
Sharpe Ratio (All Time) Calculated using the full available price history	1.57	0.68	+0.89

Drawdowns

COPP.L vs. SILG.L - Drawdown Comparison

The maximum COPP.L drawdown since its inception was -36.29%, which is greater than SILG.L's maximum drawdown of -32.00%. Use the drawdown chart below to compare losses from any high point for COPP.L and SILG.L.

Drawdown Indicators

	COPP.L	SILG.L	Difference
Max Drawdown Largest peak-to-trough decline	-36.29%	-32.00%	-4.29%
Max Drawdown (1Y) Largest decline over 1 year	-27.75%	-30.90%	+3.15%
Max Drawdown (3Y) Largest decline over 3 years	—	-30.90%	—
Current Drawdown Current decline from peak	-4.04%	-24.56%	+20.52%
Average Drawdown Average peak-to-trough decline	-11.19%	-12.52%	+1.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.19%	12.74%	-4.55%

Volatility

COPP.L vs. SILG.L - Volatility Comparison

The current volatility for Sprott Pure Play Copper Miners UCITS ETF (COPP.L) is 14.45%, while Global X Silver Miners UCITS ETF USD Accumulating (SILG.L) has a volatility of 18.48%. This indicates that COPP.L experiences smaller price fluctuations and is considered to be less risky than SILG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COPP.L	SILG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.45%	18.48%	-4.03%
Volatility (6M) Calculated over the trailing 6-month period	33.60%	39.95%	-6.35%
Volatility (1Y) Calculated over the trailing 1-year period	38.93%	49.23%	-10.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.71%	39.40%	-5.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.71%	39.40%	-5.69%

COPP.L vs. SILG.L - Expense Ratio Comparison

Both COPP.L and SILG.L have an expense ratio of 0.65%.

Dividends

COPP.L vs. SILG.L - Dividend Comparison

Neither COPP.L nor SILG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both COPP.L and SILG.L in my portfolio?

COPP.L and SILG.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, COPP.L or SILG.L?

Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COPP.L or SILG.L?

COPP.L and SILG.L have the same expense ratio: 0.65% per year.

What is the main difference between COPP.L and SILG.L?

COPP.L is categorized as Commodity Producers Equities, while SILG.L is Silver. COPP.L tracks Nasdaq Sprott Copper Miners Index, while SILG.L tracks Solactive Global Silver Miners Total Return v2 Index. They also come from different issuers: Sprott and Global X.