COPP vs. SCCO
COPP (Sprott Copper Miners ETF) is Copper fund tracking the Nasdaq Sprott Copper Miners Index, while SCCO (Southern Copper Corporation) is a stock. Over the past year, COPP returned 97.45% vs 115.90% for SCCO. Their correlation of 0.88 suggests significant overlap in exposure.
Performance
COPP vs. SCCO - Performance Comparison
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Returns By Period
In the year-to-date period, COPP achieves a 19.28% return, which is significantly lower than SCCO's 36.12% return.
COPP
- 1D
- -1.28%
- 1M
- 4.93%
- YTD
- 19.28%
- 6M
- 21.19%
- 1Y
- 97.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCCO
- 1D
- -1.57%
- 1M
- 5.70%
- YTD
- 36.12%
- 6M
- 32.69%
- 1Y
- 115.90%
- 3Y*
- 45.44%
- 5Y*
- 31.42%
- 10Y*
- 27.52%
COPP vs. SCCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
COPP Sprott Copper Miners ETF | 19.28% | 74.02% | 4.25% |
SCCO Southern Copper Corporation | 36.12% | 66.62% | 16.53% |
Correlation
The correlation between COPP and SCCO is 0.87, 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 | 0.87 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2024 | 0.88 |
The correlation between COPP and SCCO has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.
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Return for Risk
COPP vs. SCCO — Risk / Return Rank
COPP
SCCO
COPP vs. SCCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Copper Miners ETF (COPP) and Southern Copper Corporation (SCCO). 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 | SCCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.34 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | 3.86 | -0.47 |
| Martin ratioReturn relative to average drawdown | 11.35 | 10.88 | +0.47 |
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Drawdowns
COPP vs. SCCO - Drawdown Comparison
The maximum COPP drawdown since its inception was -44.37%, smaller than the maximum SCCO drawdown of -78.60%. Use the drawdown chart below to compare losses from any high point for COPP and SCCO.
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Drawdown Indicators
| COPP | SCCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.37% | -78.60% | +34.23% |
Max Drawdown (1Y)Largest decline over 1 year | -28.91% | -30.22% | +1.31% |
Max Drawdown (3Y)Largest decline over 3 years | — | -39.69% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.07% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -54.83% | — |
Current DrawdownCurrent decline from peak | -9.15% | -11.90% | +2.75% |
Average DrawdownAverage peak-to-trough decline | -13.89% | -22.03% | +8.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.61% | 10.69% | -2.08% |
Volatility
COPP vs. SCCO - Volatility Comparison
The current volatility for Sprott Copper Miners ETF (COPP) is 17.34%, while Southern Copper Corporation (SCCO) has a volatility of 18.62%. This indicates that COPP experiences smaller price fluctuations and is considered to be less risky than SCCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COPP | SCCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.34% | 18.62% | -1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 38.75% | 41.41% | -2.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.90% | 49.73% | -4.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.44% | 39.86% | +1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.44% | 37.55% | +3.89% |
Dividends
COPP vs. SCCO - Dividend Comparison
COPP's dividend yield for the trailing twelve months is around 1.98%, more than SCCO's 1.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COPP Sprott Copper Miners ETF | 1.98% | 2.37% | 2.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCCO Southern Copper Corporation | 1.92% | 2.13% | 2.29% | 4.65% | 5.80% | 5.19% | 2.30% | 4.81% | 4.55% | 1.24% | 0.56% | 1.30% |
Frequently Asked Questions
COPP and SCCO have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCCO has higher volatility (18.62%) compared to COPP (17.34%). In terms of maximum drawdown, COPP dropped -44.37% vs SCCO's -78.60%.
SCCO currently has the higher Sharpe Ratio (2.35 vs 2.19), 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.
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