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COPP.TO vs. ZCN.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

COPP.TO vs. ZCN.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Global X Copper Producers Index ETF (COPP.TO) and BMO S&P/TSX Capped Composite Index ETF (ZCN.TO).

COPP.TO and ZCN.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. COPP.TO is a passively managed fund by Global X that tracks the performance of the Solactive North American Listed Copper Producers Index. It was launched on May 16, 2022. ZCN.TO is a passively managed fund by BMO that tracks the performance of the S&P/TSX Capped Composite Index. It was launched on May 29, 2009. Both COPP.TO and ZCN.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

COPP.TO vs. ZCN.TO - 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 BMO S&P/TSX Capped Composite Index ETF (ZCN.TO). The values are adjusted to include any dividend payments, if applicable.

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COPP.TO vs. ZCN.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022
COPP.TO
Global X Copper Producers Index ETF		4.57%66.80%15.35%11.74%-4.85%
ZCN.TO
BMO S&P/TSX Capped Composite Index ETF		4.54%31.51%21.64%11.63%-3.38%

Returns By Period

The year-to-date returns for both stocks are quite close, with COPP.TO having a 4.57% return and ZCN.TO slightly lower at 4.54%.

COPP.TO

1D
2.47%
1M
-15.18%
YTD
4.57%
6M
23.50%
1Y
78.45%
3Y*
25.84%
5Y*
—
10Y*
—

ZCN.TO

1D
0.64%
1M
-4.29%
YTD
4.54%
6M
10.66%
1Y
34.87%
3Y*
21.33%
5Y*
14.92%
10Y*
12.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X Copper Producers Index ETF

BMO S&P/TSX Capped Composite Index ETF

Often compared with COPP.TO:
COPP.TO vs. SETMCOPP.TO vs. COPPCOPP.TO vs. CPCC.TOCOPP.TO vs. ZMT.TOCOPP.TO vs. METLCOPP.TO vs. EBNK.TOCOPP.TO vs. COPX
Often compared with ZCN.TO:
ZCN.TO vs. XIC.TOZCN.TO vs. XIU.TOZCN.TO vs. ZSP.TOZCN.TO vs. VCE.TOZCN.TO vs. VDY.TOZCN.TO vs. XEQT.TOZCN.TO vs. VFV.TO

COPP.TO vs. ZCN.TO - Expense Ratio Comparison

COPP.TO has a 0.65% expense ratio, which is higher than ZCN.TO's 0.06% expense ratio.

COPP.TO
Global X Copper Producers Index ETF
ZCN.TO
BMO S&P/TSX Capped Composite Index ETF

Return for Risk

COPP.TO vs. ZCN.TO — 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: 8383
Overall Rank
COPP.TO Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
COPP.TO Sortino Ratio Rank: 8383
Sortino Ratio Rank
COPP.TO Omega Ratio Rank: 7878
Omega Ratio Rank
COPP.TO Calmar Ratio Rank: 8484
Calmar Ratio Rank
COPP.TO Martin Ratio Rank: 8383
Martin Ratio Rank
ZCN.TO
ZCN.TO Risk / Return Rank: 9393
Overall Rank
ZCN.TO Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
ZCN.TO Sortino Ratio Rank: 9393
Sortino Ratio Rank
ZCN.TO Omega Ratio Rank: 9494
Omega Ratio Rank
ZCN.TO Calmar Ratio Rank: 9191
Calmar Ratio Rank
ZCN.TO Martin Ratio Rank: 9494
Martin Ratio Rank
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. ZCN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Copper Producers Index ETF (COPP.TO) and BMO S&P/TSX Capped Composite Index ETF (ZCN.TO). 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.TOZCN.TODifference

Sharpe ratio

Return per unit of total volatility

1.85

2.29

-0.44

Sortino ratio

Return per unit of downside risk

2.31

2.89

-0.58

Omega ratio

Gain probability vs. loss probability

1.31

1.46

-0.15

Calmar ratio

Return relative to maximum drawdown

2.79

3.22

-0.43

Martin ratio

Return relative to average drawdown

10.48

14.47

-3.99

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. ZCN.TO - Sharpe Ratio Comparison

The current COPP.TO Sharpe Ratio is 1.85, which is comparable to the ZCN.TO Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of COPP.TO and ZCN.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

COPP.TOZCN.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.85

2.29

-0.44

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

1.15

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.85

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.57

0.66

-0.08

Correlation

The correlation between COPP.TO and ZCN.TO is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

COPP.TO vs. ZCN.TO - Dividend Comparison

COPP.TO's dividend yield for the trailing twelve months is around 0.17%, less than ZCN.TO's 2.15% yield.

TTM20252024202320222021202020192018201720162015
COPP.TO
Global X Copper Producers Index ETF		0.17%0.18%0.19%0.73%1.20%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ZCN.TO
BMO S&P/TSX Capped Composite Index ETF		2.15%2.22%2.78%3.29%3.27%2.74%3.24%3.13%3.16%2.71%2.84%3.33%

Drawdowns

COPP.TO vs. ZCN.TO - Drawdown Comparison

The maximum COPP.TO drawdown since its inception was -40.80%, which is greater than ZCN.TO's maximum drawdown of -37.18%. Use the drawdown chart below to compare losses from any high point for COPP.TO and ZCN.TO.

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Drawdown Indicators

COPP.TOZCN.TODifference

Max Drawdown

Largest peak-to-trough decline

-40.80%

-37.18%

-3.62%

Max Drawdown (1Y)

Largest decline over 1 year

-28.09%

-11.02%

-17.07%

Max Drawdown (5Y)

Largest decline over 5 years

—

-16.25%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.18%

—

Current Drawdown

Current decline from peak

-16.68%

-4.29%

-12.39%

Average Drawdown

Average peak-to-trough decline

-14.24%

-4.80%

-9.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.49%

2.46%

+5.03%

Volatility

COPP.TO vs. ZCN.TO - Volatility Comparison

Global X Copper Producers Index ETF (COPP.TO) has a higher volatility of 17.14% compared to BMO S&P/TSX Capped Composite Index ETF (ZCN.TO) at 5.62%. This indicates that COPP.TO's price experiences larger fluctuations and is considered to be riskier than ZCN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

COPP.TOZCN.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

17.14%

5.62%

+11.52%

Volatility (6M)

Calculated over the trailing 6-month period

31.81%

10.90%

+20.91%

Volatility (1Y)

Calculated over the trailing 1-year period

42.61%

15.29%

+27.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

37.95%

13.01%

+24.94%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

37.95%

14.96%

+22.99%