COPX vs. SCOP

Last updated Jul 14, 2026

COPX (Global X Copper Miners ETF) and SCOP (Sprott Physical Copper Trust) are both Copper funds. COPX is passively managed, while SCOP is actively managed. At a 0.45 correlation, their price movements are largely independent. COPX charges 0.65%/yr vs 1.30%/yr for SCOP.

Performance

COPX vs. SCOP - Performance Comparison

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

Returns By Period

COPX

• 1D: -2.86%
• 1M: -13.22%
• 6M: -6.83%
• YTD: 3.92%
• 1Y: 69.07%
• 3Y*: 25.55%
• 5Y*: 18.00%
• 10Y*: 18.12%

SCOP

• 1D: -3.46%
• 1M: -13.50%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COPX vs. SCOP - Yearly Performance Comparison

	2026 (YTD)
COPX Global X Copper Miners ETF	-5.63%
SCOP Sprott Physical Copper Trust	-14.00%

Correlation

The correlation between COPX and SCOP is 0.45, 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	0.45

Return for Risk

COPX vs. SCOP — Risk / Return Rank

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

COPX

COPX Risk / Return Rank: 54
COPX Sharpe Ratio Rank: 57
COPX Sortino Ratio Rank: 50
COPX Omega Ratio Rank: 51
COPX Calmar Ratio Rank: 63
COPX Martin Ratio Rank: 50

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.

COPX vs. SCOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Copper Miners ETF (COPX) 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.

	COPX	SCOP	Difference
Sharpe ratio: Return per unit of total volatility	1.55	—	—
Sortino ratio: Return per unit of downside risk	1.99	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	2.50	—	—
Martin ratio: Return relative to average drawdown	6.78	—	—

Drawdowns

COPX vs. SCOP - Drawdown Comparison

The maximum COPX drawdown since its inception was -83.16%, which is greater than SCOP's maximum drawdown of -21.04%. Use the drawdown chart below to compare losses from any high point for COPX and SCOP.

Drawdown Indicators

	COPX	SCOP	Difference
Max Drawdown Largest peak-to-trough decline	-83.16%	-21.04%	-62.12%
Max Drawdown (1Y) Largest decline over 1 year	-27.82%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-39.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-42.12%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-65.41%	—	—
Current Drawdown Current decline from peak	-22.05%	-21.04%	-1.01%
Average Drawdown Average peak-to-trough decline	-39.18%	-8.46%	-30.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.22%	—	—

Volatility

Volatility by Period

	COPX	SCOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.54%	—	—
Volatility (6M) Calculated over the trailing 6-month period	39.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	44.93%	38.52%	+6.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.17%	38.52%	-1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.75%	38.52%	-2.77%

COPX vs. SCOP - Expense Ratio Comparison

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

Dividends

COPX vs. SCOP - Dividend Comparison

COPX's dividend yield for the trailing twelve months is around 2.60%, while SCOP has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COPX Global X Copper Miners ETF	2.60%	2.68%	1.80%	2.39%	3.14%	1.48%	1.30%	1.37%	2.59%	1.57%	0.60%	1.20%
SCOP Sprott Physical Copper Trust	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both COPX and SCOP in my portfolio?

COPX and SCOP have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, COPX or SCOP?

On fees, COPX 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, COPX or SCOP?

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

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

COPX has the higher dividend yield at 2.60%, compared with 0.00% for SCOP.

What is the main difference between COPX and SCOP?

They also come from different issuers: Global X and Sprott. Their fees differ too: 0.65% for COPX and 1.30% for SCOP.