COPP vs. COPJ

Last updated Jun 23, 2026

COPP (Sprott Copper Miners ETF) and COPJ (Sprott Junior Copper Miners ETF) are both Copper funds from Sprott - COPP tracks the Nasdaq Sprott Copper Miners Index while COPJ tracks the Nasdaq Sprott Junior Copper Miners Index. Both are passively managed. Over the past year, COPP returned 97.45% vs 91.57% for COPJ. Their correlation of 0.84 suggests significant overlap in exposure. COPP charges 0.65%/yr vs 0.78%/yr for COPJ.

Performance

COPP vs. COPJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Copper Miners ETF (COPP) and Sprott Junior Copper Miners ETF (COPJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COPP achieves a 19.28% return, which is significantly higher than COPJ's 5.68% return.

COPP

• 1D: -1.28%
• 1M: 4.93%
• YTD: 19.28%
• 6M: 21.19%
• 1Y: 97.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

COPJ

• 1D: -2.31%
• 1M: -1.05%
• YTD: 5.68%
• 6M: 8.15%
• 1Y: 91.57%
• 3Y*: 41.38%
• 5Y*: —
• 10Y*: —

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

COPP vs. COPJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
COPP Sprott Copper Miners ETF	19.28%	74.02%	4.25%
COPJ Sprott Junior Copper Miners ETF	5.68%	140.63%	14.37%

Correlation

The correlation between COPP and COPJ is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (All Time) Calculated using the full available price history since Mar 6, 2024	0.84

The correlation between COPP and COPJ has been stable across timeframes, ranging from 0.84 to 0.84 - a consistent structural relationship.

COPP vs. COPJ - Sectors Allocation Comparison

Sectors	COPP	COPJ
Basic Materials	99.1%	100.0%
Financial Services	0.3%	-
Consumer Cyclical	0.1%	-
Industrials	0.1%	-
Energy	0.1%	-
Technology	0.1%	3.6%
Consumer Defensive	0.1%	-
Healthcare	0.1%	-
Communication Services	0.1%	-
Utilities	0.0%	-
Real Estate	0.0%	-

Return for Risk

COPP vs. COPJ — Risk / Return Rank

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

COPP

COPP Risk / Return Rank: 63
COPP Sharpe Ratio Rank: 70
COPP Sortino Ratio Rank: 56
COPP Omega Ratio Rank: 56
COPP Calmar Ratio Rank: 70
COPP Martin Ratio Rank: 64

COPJ

COPJ Risk / Return Rank: 56
COPJ Sharpe Ratio Rank: 64
COPJ Sortino Ratio Rank: 51
COPJ Omega Ratio Rank: 55
COPJ Calmar Ratio Rank: 59
COPJ Martin Ratio Rank: 48

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 vs. COPJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Copper Miners ETF (COPP) and Sprott Junior Copper Miners ETF (COPJ). 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	COPJ	Difference
Sharpe ratio: Return per unit of total volatility	2.19	2.05	+0.13
Sortino ratio: Return per unit of downside risk	2.58	2.41	+0.17
Omega ratio: Gain probability vs. loss probability	1.34	1.33	0.00
Calmar ratio: Return relative to maximum drawdown	3.39	2.85	+0.54
Martin ratio: Return relative to average drawdown	11.35	7.83	+3.52

COPP vs. COPJ - Sharpe Ratio Comparison

The current COPP Sharpe Ratio is 2.19, which is comparable to the COPJ Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of COPP and COPJ, 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 vs. COPJ - Drawdown Comparison

The maximum COPP drawdown since its inception was -44.37%, which is greater than COPJ's maximum drawdown of -32.28%. Use the drawdown chart below to compare losses from any high point for COPP and COPJ.

Drawdown Indicators

	COPP	COPJ	Difference
Max Drawdown Largest peak-to-trough decline	-44.37%	-32.28%	-12.09%
Max Drawdown (1Y) Largest decline over 1 year	-28.91%	-32.28%	+3.37%
Max Drawdown (3Y) Largest decline over 3 years	—	-32.28%	—
Current Drawdown Current decline from peak	-9.15%	-19.22%	+10.07%
Average Drawdown Average peak-to-trough decline	-13.89%	-11.99%	-1.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.61%	11.74%	-3.13%

Volatility

COPP vs. COPJ - Volatility Comparison

The current volatility for Sprott Copper Miners ETF (COPP) is 17.34%, while Sprott Junior Copper Miners ETF (COPJ) has a volatility of 18.92%. This indicates that COPP experiences smaller price fluctuations and is considered to be less risky than COPJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COPP	COPJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.34%	18.92%	-1.58%
Volatility (6M) Calculated over the trailing 6-month period	38.75%	38.53%	+0.22%
Volatility (1Y) Calculated over the trailing 1-year period	44.90%	44.93%	-0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.44%	35.58%	+5.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.44%	35.58%	+5.86%

COPP vs. COPJ - Expense Ratio Comparison

COPP has a 0.65% expense ratio, which is lower than COPJ's 0.78% expense ratio.

Dividends

COPP vs. COPJ - Dividend Comparison

COPP's dividend yield for the trailing twelve months is around 1.98%, less than COPJ's 10.95% yield.

Position	TTM	2025	2024	2023
COPJ Sprott Junior Copper Miners ETF	10.95%	11.57%	11.64%	2.48%
COPP Sprott Copper Miners ETF	1.98%	2.37%	2.59%	0.00%

Frequently Asked Questions

Can I hold both COPP and COPJ in my portfolio?

COPP and COPJ have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COPP or COPJ?

COPJ has higher volatility (18.92%) compared to COPP (17.34%). In terms of maximum drawdown, COPP dropped -44.37% vs COPJ's -32.28%.

Which ETF is better, COPP or COPJ?

On 1-year performance, COPP leads with 97.45% vs 91.57% for COPJ. On fees, COPP is cheaper at 0.65% per year. On volatility, COPP has been the lower-risk option at 17.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COPP or COPJ?

Over the 1-year period, COPP has performed better with a 97.45% return vs 91.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COPP or COPJ?

COPP is cheaper with a 0.65% expense ratio, compared with 0.78% for COPJ.

Which ETF pays a higher dividend yield, COPP or COPJ?

COPJ has the higher dividend yield at 10.95%, compared with 1.98% for COPP.

What is the main difference between COPP and COPJ?

COPP tracks Nasdaq Sprott Copper Miners Index, while COPJ tracks Nasdaq Sprott Junior Copper Miners Index. Their fees differ too: 0.65% for COPP and 0.78% for COPJ.

Which has better risk-adjusted returns?

COPP currently has the higher Sharpe Ratio (2.19 vs 2.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.