COPP.TO vs. METL

Last updated Jun 4, 2026

COPP.TO (Global X Copper Producers Index ETF) and METL (Sprott Active Metals & Miners ETF) are both Commodity Producers Equities funds. COPP.TO is passively managed, while METL is actively managed. Their correlation of 0.80 suggests significant overlap in exposure. COPP.TO charges 0.65%/yr vs 0.89%/yr for METL.

Performance

COPP.TO vs. METL - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Copper Producers Index ETF (COPP.TO) and Sprott Active Metals & Miners ETF (METL). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

COPP.TO is traded in CAD, while METL is traded in USD. To make them comparable, the METL 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 26.77% return, which is significantly higher than METL's 19.85% return.

COPP.TO

• 1D: -3.42%
• 1M: 25.24%
• YTD: 26.77%
• 6M: 34.64%
• 1Y: 106.26%
• 3Y*: 37.91%
• 5Y*: —
• 10Y*: —

METL

• 1D: -3.41%
• 1M: 7.82%
• YTD: 19.85%
• 6M: 24.54%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COPP.TO vs. METL - Yearly Performance Comparison

	2026 (YTD)	2025
COPP.TO Global X Copper Producers Index ETF	26.77%	36.68%
METL Sprott Active Metals & Miners ETF	19.85%	25.75%

Correlation

The correlation between COPP.TO and METL is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 11, 2025	0.80

Return for Risk

COPP.TO vs. METL — Risk / Return Rank

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

COPP.TO

COPP.TO Risk / Return Rank: 71
COPP.TO Sharpe Ratio Rank: 81
COPP.TO Sortino Ratio Rank: 65
COPP.TO Omega Ratio Rank: 65
COPP.TO Calmar Ratio Rank: 76
COPP.TO Martin Ratio Rank: 70

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.TO vs. METL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Copper Producers Index ETF (COPP.TO) and Sprott Active Metals & Miners ETF (METL). 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.TO	METL	Difference
Sharpe ratio: Return per unit of total volatility	2.64	—	—
Sortino ratio: Return per unit of downside risk	2.99	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	3.80	—	—
Martin ratio: Return relative to average drawdown	12.93	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	COPP.TO	METL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	1.78	-1.09

Drawdowns

COPP.TO vs. METL - Drawdown Comparison

The maximum COPP.TO drawdown since its inception was -40.80%, which is greater than METL's maximum drawdown of -26.52%. Use the drawdown chart below to compare losses from any high point for COPP.TO and METL.

Drawdown Indicators

	COPP.TO	METL	Difference
Max Drawdown Largest peak-to-trough decline	-40.80%	-26.52%	-14.28%
Max Drawdown (1Y) Largest decline over 1 year	-28.09%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-40.80%	—	—
Current Drawdown Current decline from peak	-3.42%	-8.02%	+4.60%
Average Drawdown Average peak-to-trough decline	-14.06%	-7.69%	-6.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.25%	—	—

Volatility

Volatility by Period

	COPP.TO	METL	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	33.82%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	40.46%	42.66%	-2.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.39%	42.66%	-4.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.39%	42.66%	-4.27%

COPP.TO vs. METL - Expense Ratio Comparison

COPP.TO has a 0.65% expense ratio, which is lower than METL's 0.89% expense ratio.

Dividends

COPP.TO vs. METL - Dividend Comparison

COPP.TO's dividend yield for the trailing twelve months is around 0.14%, less than METL's 0.84% yield.

Position	TTM	2025	2024	2023	2022
COPP.TO Global X Copper Producers Index ETF	0.14%	0.18%	0.19%	0.73%	1.20%
METL Sprott Active Metals & Miners ETF	0.84%	0.99%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both COPP.TO and METL in my portfolio?

COPP.TO and METL have a correlation of 0.80, 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.TO or METL?

On fees, COPP.TO is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COPP.TO or METL?

COPP.TO is cheaper with a 0.65% expense ratio, compared with 0.89% for METL.

What is the main difference between COPP.TO and METL?

They also come from different issuers: Global X and Sprott. Their fees differ too: 0.65% for COPP.TO and 0.89% for METL.