COPP vs. SPPP
COPP (Sprott Copper Miners ETF) and SPPP (Sprott Physical Platinum and Palladium Trust) are both exchange-traded funds - COPP is a Commodity Producers Equities fund tracking the Nasdaq Sprott Copper Miners Index, while SPPP is a Precious Metals fund actively managed by Sprott. COPP is passively managed, while SPPP is actively managed. Over the past year, COPP returned 111.49% vs 39.19% for SPPP. A 0.58 correlation means they provide meaningful diversification when combined. COPP charges 0.65%/yr vs 1.02%/yr for SPPP.
Performance
COPP vs. SPPP - Performance Comparison
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Returns By Period
In the year-to-date period, COPP achieves a 26.69% return, which is significantly higher than SPPP's -14.37% return.
COPP
- 1D
- -3.50%
- 1M
- 22.98%
- YTD
- 26.69%
- 6M
- 39.51%
- 1Y
- 111.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPPP
- 1D
- -4.12%
- 1M
- -6.42%
- YTD
- -14.37%
- 6M
- -2.30%
- 1Y
- 39.19%
- 3Y*
- 5.59%
- 5Y*
- -6.33%
- 10Y*
- 8.53%
COPP vs. SPPP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
COPP Sprott Copper Miners ETF | 26.69% | 74.02% | 4.18% |
SPPP Sprott Physical Platinum and Palladium Trust | -14.37% | 89.43% | -6.62% |
Correlation
The correlation between COPP and SPPP is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024 | 0.58 |
The correlation between COPP and SPPP has been stable across timeframes, ranging from 0.58 to 0.59 - a consistent structural relationship.
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Return for Risk
COPP vs. SPPP — Risk / Return Rank
COPP
SPPP
COPP vs. SPPP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Copper Miners ETF (COPP) and Sprott Physical Platinum and Palladium Trust (SPPP). 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 | SPPP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.18 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.88 | 1.05 | +2.83 |
| Martin ratioReturn relative to average drawdown | 13.39 | 2.23 | +11.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| COPP | SPPP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.62 | 0.77 | +1.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.18 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 0.09 | +1.02 |
Drawdowns
COPP vs. SPPP - Drawdown Comparison
The maximum COPP drawdown since its inception was -44.37%, smaller than the maximum SPPP drawdown of -59.09%. Use the drawdown chart below to compare losses from any high point for COPP and SPPP.
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Drawdown Indicators
| COPP | SPPP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.37% | -59.09% | +14.72% |
Max Drawdown (1Y)Largest decline over 1 year | -28.91% | -37.42% | +8.51% |
Max Drawdown (3Y)Largest decline over 3 years | — | -37.42% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -58.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.09% | — |
Current DrawdownCurrent decline from peak | -3.50% | -36.14% | +32.64% |
Average DrawdownAverage peak-to-trough decline | -14.02% | -26.48% | +12.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.35% | 17.60% | -9.25% |
Volatility
COPP vs. SPPP - Volatility Comparison
Sprott Copper Miners ETF (COPP) has a higher volatility of 15.22% compared to Sprott Physical Platinum and Palladium Trust (SPPP) at 10.71%. This indicates that COPP's price experiences larger fluctuations and is considered to be riskier than SPPP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COPP | SPPP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.22% | 10.71% | +4.51% |
Volatility (6M)Calculated over the trailing 6-month period | 36.30% | 45.53% | -9.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.84% | 50.97% | -8.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.80% | 34.89% | +5.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.80% | 33.10% | +7.70% |
COPP vs. SPPP - Expense Ratio Comparison
COPP has a 0.65% expense ratio, which is lower than SPPP's 1.02% expense ratio.
Dividends
COPP vs. SPPP - Dividend Comparison
COPP's dividend yield for the trailing twelve months is around 1.87%, while SPPP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
COPP Sprott Copper Miners ETF | 1.87% | 2.37% | 2.59% |
SPPP Sprott Physical Platinum and Palladium Trust | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
COPP and SPPP have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COPP has higher volatility (15.22%) compared to SPPP (10.71%). In terms of maximum drawdown, COPP dropped -44.37% vs SPPP's -59.09%.
On 1-year performance, COPP leads with 111.49% vs 39.19% for SPPP. On fees, COPP is cheaper at 0.65% per year. On volatility, SPPP has been the lower-risk option at 10.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, COPP has performed better with a 111.49% return vs 39.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
COPP is cheaper with a 0.65% expense ratio, compared with 1.02% for SPPP.
COPP has the higher dividend yield at 1.87%, compared with 0.00% for SPPP.
COPP is categorized as Commodity Producers Equities, while SPPP is Precious Metals. Their fees differ too: 0.65% for COPP and 1.02% for SPPP.
COPP currently has the higher Sharpe Ratio (2.62 vs 0.77), 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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