COPP vs. EMET

Last updated Jun 24, 2026

COPP (Sprott Copper Miners ETF) and EMET (VanEck Copper and Green Metals ETF) are both Copper funds - COPP tracks the Nasdaq Sprott Copper Miners Index while EMET tracks the MVIS Global Clean-Tech Metals Index. Both are passively managed. Over the past year, COPP returned 83.48% vs 87.54% for EMET. Their correlation of 0.91 suggests significant overlap in exposure. COPP charges 0.65%/yr vs 0.61%/yr for EMET.

Performance

COPP vs. EMET - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with COPP having a 11.86% return and EMET slightly lower at 11.62%.

COPP

• 1D: -6.21%
• 1M: -1.59%
• YTD: 11.86%
• 6M: 10.91%
• 1Y: 83.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EMET

• 1D: -5.73%
• 1M: -5.77%
• YTD: 11.62%
• 6M: 11.02%
• 1Y: 87.54%
• 3Y*: 18.09%
• 5Y*: —
• 10Y*: —

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

COPP vs. EMET - Yearly Performance Comparison

	2026 (YTD)	2025	2024
COPP Sprott Copper Miners ETF	11.86%	74.02%	4.25%
EMET VanEck Copper and Green Metals ETF	11.62%	81.22%	0.89%

Correlation

The correlation between COPP and EMET is 0.91, 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	0.91
Correlation (All Time) Calculated using the full available price history since Mar 6, 2024	0.91

The correlation between COPP and EMET has been stable across timeframes, ranging from 0.91 to 0.91 - a consistent structural relationship.

Return for Risk

COPP vs. EMET — Risk / Return Rank

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

COPP

COPP Risk / Return Rank: 54
COPP Sharpe Ratio Rank: 57
COPP Sortino Ratio Rank: 48
COPP Omega Ratio Rank: 49
COPP Calmar Ratio Rank: 61
COPP Martin Ratio Rank: 57

EMET

EMET Risk / Return Rank: 69
EMET Sharpe Ratio Rank: 78
EMET Sortino Ratio Rank: 62
EMET Omega Ratio Rank: 65
EMET Calmar Ratio Rank: 73
EMET Martin Ratio Rank: 66

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. EMET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Copper Miners ETF (COPP) and VanEck Copper and Green Metals ETF (EMET). 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	EMET	Difference
Sharpe ratio: Return per unit of total volatility	1.85	2.30	-0.45
Sortino ratio: Return per unit of downside risk	2.30	2.67	-0.37
Omega ratio: Gain probability vs. loss probability	1.30	1.36	-0.06
Calmar ratio: Return relative to maximum drawdown	2.90	3.44	-0.54
Martin ratio: Return relative to average drawdown	9.67	11.10	-1.43

COPP vs. EMET - Sharpe Ratio Comparison

The current COPP Sharpe Ratio is 1.85, which is comparable to the EMET Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of COPP and EMET, 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. EMET - Drawdown Comparison

The maximum COPP drawdown since its inception was -44.37%, smaller than the maximum EMET drawdown of -53.05%. Use the drawdown chart below to compare losses from any high point for COPP and EMET.

Drawdown Indicators

	COPP	EMET	Difference
Max Drawdown Largest peak-to-trough decline	-44.37%	-53.05%	+8.68%
Max Drawdown (1Y) Largest decline over 1 year	-28.91%	-25.58%	-3.33%
Max Drawdown (3Y) Largest decline over 3 years	—	-40.50%	—
Current Drawdown Current decline from peak	-14.79%	-15.40%	+0.61%
Average Drawdown Average peak-to-trough decline	-13.90%	-24.65%	+10.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.66%	7.91%	+0.75%

Volatility

COPP vs. EMET - Volatility Comparison

Sprott Copper Miners ETF (COPP) has a higher volatility of 18.53% compared to VanEck Copper and Green Metals ETF (EMET) at 15.63%. This indicates that COPP's price experiences larger fluctuations and is considered to be riskier than EMET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COPP	EMET	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.53%	15.63%	+2.90%
Volatility (6M) Calculated over the trailing 6-month period	39.30%	33.60%	+5.70%
Volatility (1Y) Calculated over the trailing 1-year period	45.29%	38.24%	+7.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.61%	33.37%	+8.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.61%	33.37%	+8.24%

COPP vs. EMET - Expense Ratio Comparison

COPP has a 0.65% expense ratio, which is higher than EMET's 0.61% expense ratio.

Dividends

COPP vs. EMET - Dividend Comparison

COPP's dividend yield for the trailing twelve months is around 2.12%, more than EMET's 1.65% yield.

Position	TTM	2025	2024	2023	2022
COPP Sprott Copper Miners ETF	2.12%	2.37%	2.59%	0.00%	0.00%
EMET VanEck Copper and Green Metals ETF	1.65%	1.84%	1.89%	2.02%	2.56%

Frequently Asked Questions

Can I hold both COPP and EMET in my portfolio?

With a correlation of 0.91, COPP and EMET move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, COPP or EMET?

COPP has higher volatility (18.53%) compared to EMET (15.63%). In terms of maximum drawdown, COPP dropped -44.37% vs EMET's -53.05%.

Which ETF is better, COPP or EMET?

On 1-year performance, EMET leads with 87.54% vs 83.48% for COPP. On fees, EMET is cheaper at 0.61% per year. On volatility, EMET has been the lower-risk option at 15.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COPP or EMET?

Over the 1-year period, EMET has performed better with a 87.54% return vs 83.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COPP or EMET?

EMET is cheaper with a 0.61% expense ratio, compared with 0.65% for COPP.

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

COPP has the higher dividend yield at 2.12%, compared with 1.65% for EMET.

What is the main difference between COPP and EMET?

COPP tracks Nasdaq Sprott Copper Miners Index, while EMET tracks MVIS Global Clean-Tech Metals Index. They also come from different issuers: Sprott and VanEck. Their fees differ too: 0.65% for COPP and 0.61% for EMET.

Which has better risk-adjusted returns?

EMET currently has the higher Sharpe Ratio (2.30 vs 1.85), 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.