COPP.TO vs. NNRG.NEO

Last updated Jun 4, 2026

COPP.TO (Global X Copper Producers Index ETF) and NNRG.NEO (Ninepoint Energy ETF) are both exchange-traded funds - COPP.TO is a Commodity Producers Equities fund tracking the Solactive North American Listed Copper Producers Index, while NNRG.NEO is a Energy Equities fund tracking the S&P/TSX Capped Energy Total Return Index. Both are passively managed. Over the past 3 years, COPP.TO returned 37.91%/yr vs 26.11%/yr for NNRG.NEO. At a 0.23 correlation, their price movements are largely independent. COPP.TO charges 0.65%/yr vs 1.79%/yr for NNRG.NEO.

Performance

COPP.TO vs. NNRG.NEO - 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 Ninepoint Energy ETF (NNRG.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COPP.TO achieves a 26.77% return, which is significantly lower than NNRG.NEO's 45.59% return.

COPP.TO

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

NNRG.NEO

• 1D: 1.60%
• 1M: -1.33%
• YTD: 45.59%
• 6M: 38.09%
• 1Y: 66.96%
• 3Y*: 26.11%
• 5Y*: 33.81%
• 10Y*: —

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

COPP.TO vs. NNRG.NEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
COPP.TO Global X Copper Producers Index ETF	26.77%	66.80%	15.35%	11.74%	-4.85%
NNRG.NEO Ninepoint Energy ETF	45.59%	19.14%	13.26%	-4.21%	11.13%

Correlation

The correlation between COPP.TO and NNRG.NEO is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (All Time) Calculated using the full available price history since May 18, 2022	0.23

The correlation between COPP.TO and NNRG.NEO shifts across timeframes, from -0.07 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.

COPP.TO vs. NNRG.NEO - Sectors Allocation Comparison

Sectors	COPP.TO	NNRG.NEO
Basic Materials	100.0%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	100.0%
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

COPP.TO vs. NNRG.NEO — 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

NNRG.NEO

NNRG.NEO Risk / Return Rank: 79
NNRG.NEO Sharpe Ratio Rank: 83
NNRG.NEO Sortino Ratio Rank: 72
NNRG.NEO Omega Ratio Rank: 75
NNRG.NEO Calmar Ratio Rank: 92
NNRG.NEO 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. NNRG.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Copper Producers Index ETF (COPP.TO) and Ninepoint Energy ETF (NNRG.NEO). 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	NNRG.NEO	Difference
Sharpe ratio: Return per unit of total volatility	2.64	2.74	-0.10
Sortino ratio: Return per unit of downside risk	2.99	3.29	-0.30
Omega ratio: Gain probability vs. loss probability	1.39	1.45	-0.06
Calmar ratio: Return relative to maximum drawdown	3.80	6.21	-2.40
Martin ratio: Return relative to average drawdown	12.93	13.09	-0.16
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.TO vs. NNRG.NEO - Sharpe Ratio Comparison

The current COPP.TO Sharpe Ratio is 2.64, which is comparable to the NNRG.NEO Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of COPP.TO and NNRG.NEO, 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.TO	NNRG.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.64	2.74	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.98	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	1.07	-0.37

Drawdowns

COPP.TO vs. NNRG.NEO - Drawdown Comparison

The maximum COPP.TO drawdown since its inception was -40.80%, which is greater than NNRG.NEO's maximum drawdown of -35.78%. Use the drawdown chart below to compare losses from any high point for COPP.TO and NNRG.NEO.

Drawdown Indicators

	COPP.TO	NNRG.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-40.80%	-35.78%	-5.02%
Max Drawdown (1Y) Largest decline over 1 year	-28.09%	-10.84%	-17.25%
Max Drawdown (3Y) Largest decline over 3 years	-40.80%	-23.52%	-17.28%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.78%	—
Current Drawdown Current decline from peak	-3.42%	-4.70%	+1.28%
Average Drawdown Average peak-to-trough decline	-14.06%	-9.58%	-4.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.25%	5.13%	+3.12%

Volatility

COPP.TO vs. NNRG.NEO - Volatility Comparison

Global X Copper Producers Index ETF (COPP.TO) has a higher volatility of 14.84% compared to Ninepoint Energy ETF (NNRG.NEO) at 10.24%. This indicates that COPP.TO's price experiences larger fluctuations and is considered to be riskier than NNRG.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COPP.TO	NNRG.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.84%	10.24%	+4.60%
Volatility (6M) Calculated over the trailing 6-month period	33.82%	20.69%	+13.13%
Volatility (1Y) Calculated over the trailing 1-year period	40.46%	24.53%	+15.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.39%	34.60%	+3.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.39%	34.56%	+3.83%

COPP.TO vs. NNRG.NEO - Expense Ratio Comparison

COPP.TO has a 0.65% expense ratio, which is lower than NNRG.NEO's 1.79% expense ratio.

Dividends

COPP.TO vs. NNRG.NEO - Dividend Comparison

COPP.TO's dividend yield for the trailing twelve months is around 0.14%, less than NNRG.NEO's 0.51% yield.

Position	TTM	2025	2024	2023	2022	2021
COPP.TO Global X Copper Producers Index ETF	0.14%	0.18%	0.19%	0.73%	1.20%	0.00%
NNRG.NEO Ninepoint Energy ETF	0.51%	0.37%	0.39%	0.38%	9.08%	1.92%

Frequently Asked Questions

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

COPP.TO and NNRG.NEO have a correlation of -0.07, 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 NNRG.NEO?

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 NNRG.NEO?

COPP.TO is cheaper with a 0.65% expense ratio, compared with 1.79% for NNRG.NEO.

What is the main difference between COPP.TO and NNRG.NEO?

COPP.TO is categorized as Commodity Producers Equities, while NNRG.NEO is Energy Equities. COPP.TO tracks Solactive North American Listed Copper Producers Index, while NNRG.NEO tracks S&P/TSX Capped Energy Total Return Index. They also come from different issuers: Global X and Ninepoint. Their fees differ too: 0.65% for COPP.TO and 1.79% for NNRG.NEO.