COPX vs. U-U.TO

Last updated Jun 13, 2026

COPX (Global X Copper Miners ETF) is Materials fund tracking the Solactive Global Copper Miners Total Return Index, while U-U.TO (Sprott Physical Uranium Trust Fund) is a stock. Over the past 3 years, COPX returned 33.96%/yr vs 9.68%/yr for U-U.TO. At a 0.36 correlation, their price movements are largely independent.

Performance

COPX vs. U-U.TO - Performance Comparison

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

Different Trading Currencies

COPX is traded in USD, while U-U.TO is traded in CAD. To make them comparable, the U-U.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, COPX achieves a 19.75% return, which is significantly higher than U-U.TO's -7.16% return.

COPX

• 1D: 3.38%
• 1M: -6.46%
• YTD: 19.75%
• 6M: 29.13%
• 1Y: 103.76%
• 3Y*: 33.96%
• 5Y*: 19.28%
• 10Y*: 21.86%

U-U.TO

• 1D: -1.14%
• 1M: -8.64%
• YTD: -7.16%
• 6M: 1.40%
• 1Y: 5.77%
• 3Y*: 9.68%
• 5Y*: —
• 10Y*: —

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

COPX vs. U-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
COPX Global X Copper Miners ETF	19.75%	93.50%	3.57%	8.38%	-0.76%	3.40%
U-U.TO Sprott Physical Uranium Trust Fund	-7.16%	18.18%	-25.16%	86.49%	-0.07%	17.76%

Correlation

The correlation between COPX and U-U.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (All Time) Calculated using the full available price history since Jul 26, 2021	0.36

Return for Risk

COPX vs. U-U.TO — Risk / Return Rank

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

COPX

COPX Risk / Return Rank: 76
COPX Sharpe Ratio Rank: 85
COPX Sortino Ratio Rank: 69
COPX Omega Ratio Rank: 70
COPX Calmar Ratio Rank: 81
COPX Martin Ratio Rank: 72

U-U.TO

U-U.TO Risk / Return Rank: 49
U-U.TO Sharpe Ratio Rank: 51
U-U.TO Sortino Ratio Rank: 46
U-U.TO Omega Ratio Rank: 45
U-U.TO Calmar Ratio Rank: 52
U-U.TO Martin Ratio Rank: 51

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. U-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Copper Miners ETF (COPX) and Sprott Physical Uranium Trust Fund (U-U.TO). 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	U-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.39	0.16	+2.23
Sortino ratio: Return per unit of downside risk	2.70	0.48	+2.22
Omega ratio: Gain probability vs. loss probability	1.36	1.06	+0.30
Calmar ratio: Return relative to maximum drawdown	3.75	0.23	+3.52
Martin ratio: Return relative to average drawdown	11.60	0.46	+11.14

COPX vs. U-U.TO - Sharpe Ratio Comparison

The current COPX Sharpe Ratio is 2.39, which is higher than the U-U.TO Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of COPX and U-U.TO, 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

COPX vs. U-U.TO - Drawdown Comparison

The maximum COPX drawdown since its inception was -83.16%, which is greater than U-U.TO's maximum drawdown of -51.83%. Use the drawdown chart below to compare losses from any high point for COPX and U-U.TO.

Drawdown Indicators

	COPX	U-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-83.16%	-51.83%	-31.33%
Max Drawdown (1Y) Largest decline over 1 year	-27.82%	-25.40%	-2.42%
Max Drawdown (3Y) Largest decline over 3 years	-39.72%	-51.83%	+12.11%
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	-10.17%	-29.49%	+19.32%
Average Drawdown Average peak-to-trough decline	-39.28%	-24.20%	-15.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.98%	12.69%	-3.71%

Volatility

COPX vs. U-U.TO - Volatility Comparison

Global X Copper Miners ETF (COPX) has a higher volatility of 19.30% compared to Sprott Physical Uranium Trust Fund (U-U.TO) at 6.16%. This indicates that COPX's price experiences larger fluctuations and is considered to be riskier than U-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COPX	U-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.30%	6.16%	+13.14%
Volatility (6M) Calculated over the trailing 6-month period	38.15%	25.78%	+12.37%
Volatility (1Y) Calculated over the trailing 1-year period	43.66%	35.47%	+8.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.00%	42.18%	-5.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.75%	42.18%	-6.43%

Dividends

COPX vs. U-U.TO - Dividend Comparison

COPX's dividend yield for the trailing twelve months is around 2.24%, while U-U.TO 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	2.24%	2.68%	1.80%	2.39%	3.14%	1.48%	1.30%	1.37%	2.59%	1.57%	0.60%	1.20%
U-U.TO Sprott Physical Uranium Trust Fund	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 U-U.TO in my portfolio?

COPX and U-U.TO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.