COPP.TO vs. SETM

Last updated Jun 24, 2026

COPP.TO (Global X Copper Producers Index ETF) and SETM (Sprott Critical Materials ETF) are both exchange-traded funds - COPP.TO is a Copper fund tracking the Solactive North American Listed Copper Producers Index, while SETM is a Materials fund tracking the Nasdaq Sprott Critical Materials Index. Both are passively managed. Over the past 3 years, COPP.TO returned 28.96%/yr vs 28.27%/yr for SETM. A 0.63 correlation means they provide meaningful diversification when combined. Both charge a 0.65% expense ratio.

Performance

COPP.TO vs. SETM - 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 Critical Materials ETF (SETM). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

COPP.TO is traded in CAD, while SETM is traded in USD. To make them comparable, the SETM 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 11.11% return, which is significantly lower than SETM's 14.92% return.

COPP.TO

• 1D: -5.77%
• 1M: -0.80%
• YTD: 11.11%
• 6M: 9.69%
• 1Y: 74.28%
• 3Y*: 28.96%
• 5Y*: —
• 10Y*: —

SETM

• 1D: -4.19%
• 1M: -5.59%
• YTD: 14.92%
• 6M: 12.22%
• 1Y: 101.13%
• 3Y*: 28.27%
• 5Y*: —
• 10Y*: —

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

COPP.TO vs. SETM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
COPP.TO Global X Copper Producers Index ETF	11.11%	66.80%	15.35%	-5.71%
SETM Sprott Critical Materials ETF	14.92%	86.36%	-5.90%	-13.41%

Correlation

The correlation between COPP.TO and SETM is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023	0.63

The correlation between COPP.TO and SETM shifts across timeframes, from 0.63 (all time) to 0.73 (1 year), reflecting how their relationship changes across market environments.

COPP.TO vs. SETM - Sectors Allocation Comparison

Sectors	COPP.TO	SETM
Basic Materials	100.0%	76.0%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	0.1%
Energy	-	22.9%
Financial Services	-	-
Healthcare	-	-
Industrials	-	1.0%
Real Estate	-	-
Technology	-	0.1%
Utilities	-	-

Return for Risk

COPP.TO vs. SETM — 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: 52
COPP.TO Sharpe Ratio Rank: 55
COPP.TO Sortino Ratio Rank: 47
COPP.TO Omega Ratio Rank: 48
COPP.TO Calmar Ratio Rank: 58
COPP.TO Martin Ratio Rank: 54

SETM

SETM Risk / Return Rank: 61
SETM Sharpe Ratio Rank: 66
SETM Sortino Ratio Rank: 51
SETM Omega Ratio Rank: 53
SETM Calmar Ratio Rank: 75
SETM Martin Ratio Rank: 62

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. SETM - 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 Critical Materials ETF (SETM). 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	SETM	Difference
Sharpe ratio: Return per unit of total volatility	1.73	2.19	-0.45
Sortino ratio: Return per unit of downside risk	2.17	2.52	-0.35
Omega ratio: Gain probability vs. loss probability	1.29	1.33	-0.04
Calmar ratio: Return relative to maximum drawdown	2.66	4.06	-1.40
Martin ratio: Return relative to average drawdown	8.61	11.88	-3.26

COPP.TO vs. SETM - Sharpe Ratio Comparison

The current COPP.TO Sharpe Ratio is 1.73, which is comparable to the SETM Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of COPP.TO and SETM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

COPP.TO vs. SETM - Drawdown Comparison

The maximum COPP.TO drawdown since its inception was -40.80%, roughly equal to the maximum SETM drawdown of -40.16%. Use the drawdown chart below to compare losses from any high point for COPP.TO and SETM.

Drawdown Indicators

	COPP.TO	SETM	Difference
Max Drawdown Largest peak-to-trough decline	-40.80%	-40.16%	-0.64%
Max Drawdown (1Y) Largest decline over 1 year	-28.09%	-25.06%	-3.03%
Max Drawdown (3Y) Largest decline over 3 years	-40.80%	-40.16%	-0.64%
Current Drawdown Current decline from peak	-15.35%	-15.62%	+0.27%
Average Drawdown Average peak-to-trough decline	-14.00%	-13.77%	-0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.65%	8.54%	+0.11%

Volatility

COPP.TO vs. SETM - Volatility Comparison

Global X Copper Producers Index ETF (COPP.TO) and Sprott Critical Materials ETF (SETM) have volatilities of 17.97% and 17.21%, 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

	COPP.TO	SETM	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.97%	17.21%	+0.76%
Volatility (6M) Calculated over the trailing 6-month period	37.10%	37.65%	-0.55%
Volatility (1Y) Calculated over the trailing 1-year period	43.08%	46.50%	-3.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.90%	37.23%	+1.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.90%	37.23%	+1.67%

COPP.TO vs. SETM - Expense Ratio Comparison

Both COPP.TO and SETM have an expense ratio of 0.65%.

Dividends

COPP.TO vs. SETM - Dividend Comparison

COPP.TO's dividend yield for the trailing twelve months is around 0.16%, less than SETM's 1.41% yield.

Position	TTM	2025	2024	2023	2022
COPP.TO Global X Copper Producers Index ETF	0.16%	0.18%	0.19%	0.73%	1.19%
SETM Sprott Critical Materials ETF	1.41%	1.56%	2.07%	2.47%	0.00%

Frequently Asked Questions

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

COPP.TO and SETM have a correlation of 0.73, 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 SETM?

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.TO or SETM?

COPP.TO and SETM have the same expense ratio: 0.65% per year.

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

COPP.TO is categorized as Copper, while SETM is Materials. COPP.TO tracks Solactive North American Listed Copper Producers Index, while SETM tracks Nasdaq Sprott Critical Materials Index. They also come from different issuers: Global X and Sprott.