COPP vs. SCOP

Last updated Jun 24, 2026

COPP (Sprott Copper Miners ETF) and SCOP (Sprott Physical Copper Trust) are both Copper funds from Sprott. COPP is passively managed, while SCOP is actively managed. At a 0.42 correlation, their price movements are largely independent. COPP charges 0.65%/yr vs 1.30%/yr for SCOP.

Performance

COPP vs. SCOP - Performance Comparison

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

Returns By Period

COPP

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

SCOP

• 1D: -3.36%
• 1M: -2.97%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COPP vs. SCOP - Yearly Performance Comparison

	2026 (YTD)
COPP Sprott Copper Miners ETF	5.24%
SCOP Sprott Physical Copper Trust	-1.83%

Correlation

The correlation between COPP and SCOP is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 4, 2026	0.42

Return for Risk

COPP vs. SCOP — 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

SCOP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. SCOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Copper Miners ETF (COPP) and Sprott Physical Copper Trust (SCOP). 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	SCOP	Difference
Sharpe ratio: Return per unit of total volatility	1.85	—	—
Sortino ratio: Return per unit of downside risk	2.30	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	2.90	—	—
Martin ratio: Return relative to average drawdown	9.67	—	—

Drawdowns

COPP vs. SCOP - Drawdown Comparison

The maximum COPP drawdown since its inception was -44.37%, which is greater than SCOP's maximum drawdown of -11.09%. Use the drawdown chart below to compare losses from any high point for COPP and SCOP.

Drawdown Indicators

	COPP	SCOP	Difference
Max Drawdown Largest peak-to-trough decline	-44.37%	-11.09%	-33.28%
Max Drawdown (1Y) Largest decline over 1 year	-28.91%	—	—
Current Drawdown Current decline from peak	-14.79%	-9.87%	-4.92%
Average Drawdown Average peak-to-trough decline	-13.90%	-6.04%	-7.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.66%	—	—

Volatility

Volatility by Period

	COPP	SCOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.53%	—	—
Volatility (6M) Calculated over the trailing 6-month period	39.30%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	45.29%	41.07%	+4.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.61%	41.07%	+0.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.61%	41.07%	+0.54%

COPP vs. SCOP - Expense Ratio Comparison

COPP has a 0.65% expense ratio, which is lower than SCOP's 1.30% expense ratio.

Dividends

COPP vs. SCOP - Dividend Comparison

COPP's dividend yield for the trailing twelve months is around 2.12%, while SCOP has not paid dividends to shareholders.

Position	TTM	2025	2024
COPP Sprott Copper Miners ETF	2.12%	2.37%	2.59%
SCOP Sprott Physical Copper Trust	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both COPP and SCOP in my portfolio?

COPP and SCOP have a correlation of 0.42, 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 or SCOP?

On fees, COPP is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COPP or SCOP?

COPP is cheaper with a 0.65% expense ratio, compared with 1.30% for SCOP.

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

COPP has the higher dividend yield at 2.12%, compared with 0.00% for SCOP.

What is the main difference between COPP and SCOP?

Their fees differ too: 0.65% for COPP and 1.30% for SCOP.