COPP.TO vs. FMTM
COPP.TO (Global X Copper Producers Index ETF) and FMTM (MarketDesk Focused U.S. Momentum ETF) are both exchange-traded funds - COPP.TO is a Copper fund tracking the Solactive North American Listed Copper Producers Index, while FMTM is a Momentum fund. COPP.TO is passively managed, while FMTM is actively managed. Over the past year, COPP.TO returned 63.17% vs 65.26% for FMTM. At a 0.47 correlation, their price movements are largely independent. COPP.TO charges 0.65%/yr vs 0.45%/yr for FMTM.
Performance
COPP.TO vs. FMTM - Performance Comparison
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Different Trading Currencies
COPP.TO is traded in CAD, while FMTM is traded in USD. To make them comparable, the FMTM values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, COPP.TO achieves a 5.24% return, which is significantly lower than FMTM's 35.18% return.
COPP.TO
- 1D
- -5.28%
- 1M
- -10.68%
- YTD
- 5.24%
- 6M
- 4.52%
- 1Y
- 63.17%
- 3Y*
- 26.64%
- 5Y*
- —
- 10Y*
- —
FMTM
- 1D
- 0.17%
- 1M
- 7.39%
- YTD
- 35.18%
- 6M
- 32.20%
- 1Y
- 65.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COPP.TO vs. FMTM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
COPP.TO Global X Copper Producers Index ETF | 5.24% | 53.77% |
FMTM MarketDesk Focused U.S. Momentum ETF | 35.18% | 22.62% |
Correlation
The correlation between COPP.TO and FMTM is 0.52, 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 | 0.52 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2025 | 0.47 |
The correlation between COPP.TO and FMTM has been stable across timeframes, ranging from 0.47 to 0.52 - a consistent structural relationship.
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Return for Risk
COPP.TO vs. FMTM — Risk / Return Rank
COPP.TO
FMTM
COPP.TO vs. FMTM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Copper Producers Index ETF (COPP.TO) and MarketDesk Focused U.S. Momentum ETF (FMTM). 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.
| COPP.TO | FMTM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.44 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 6.17 | -3.91 |
| Martin ratioReturn relative to average drawdown | 7.25 | 21.55 | -14.30 |
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Drawdowns
COPP.TO vs. FMTM - Drawdown Comparison
The maximum COPP.TO drawdown since its inception was -40.80%, which is greater than FMTM's maximum drawdown of -10.63%. Use the drawdown chart below to compare losses from any high point for COPP.TO and FMTM.
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Drawdown Indicators
| COPP.TO | FMTM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.80% | -10.63% | -30.17% |
Max Drawdown (1Y)Largest decline over 1 year | -28.09% | -10.63% | -17.46% |
Max Drawdown (3Y)Largest decline over 3 years | -40.80% | — | — |
Current DrawdownCurrent decline from peak | -19.83% | -3.37% | -16.46% |
Average DrawdownAverage peak-to-trough decline | -14.01% | -2.33% | -11.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.74% | 3.04% | +5.70% |
Volatility
COPP.TO vs. FMTM - Volatility Comparison
Global X Copper Producers Index ETF (COPP.TO) has a higher volatility of 18.69% compared to MarketDesk Focused U.S. Momentum ETF (FMTM) at 9.76%. This indicates that COPP.TO's price experiences larger fluctuations and is considered to be riskier than FMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COPP.TO | FMTM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.69% | 9.76% | +8.93% |
Volatility (6M)Calculated over the trailing 6-month period | 37.43% | 19.23% | +18.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.42% | 24.57% | +18.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.97% | 23.98% | +14.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.97% | 23.98% | +14.99% |
COPP.TO vs. FMTM - Expense Ratio Comparison
COPP.TO has a 0.65% expense ratio, which is higher than FMTM's 0.45% expense ratio.
Dividends
COPP.TO vs. FMTM - Dividend Comparison
COPP.TO's dividend yield for the trailing twelve months is around 0.17%, less than FMTM's 0.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
COPP.TO Global X Copper Producers Index ETF | 0.17% | 0.18% | 0.19% | 0.73% | 1.19% |
FMTM MarketDesk Focused U.S. Momentum ETF | 0.23% | 0.30% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
COPP.TO and FMTM have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FMTM is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FMTM is cheaper with a 0.45% expense ratio, compared with 0.65% for COPP.TO.
COPP.TO is categorized as Copper, while FMTM is Momentum. Their fees differ too: 0.65% for COPP.TO and 0.45% for FMTM.
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