FMTL vs. COPJ

Last updated Jun 26, 2026

FMTL (First Trust Indxx Critical Metals ETF) and COPJ (Sprott Junior Copper Miners ETF) are both exchange-traded funds - FMTL is a Rare Earth & Strategic Metals fund tracking the Indxx Global Critical Metals Index, while COPJ is a Copper fund tracking the Nasdaq Sprott Junior Copper Miners Index. Both are passively managed. Their correlation of 0.87 suggests significant overlap in exposure. FMTL charges 0.65%/yr vs 0.78%/yr for COPJ.

Performance

FMTL vs. COPJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Indxx Critical Metals ETF (FMTL) and Sprott Junior Copper Miners ETF (COPJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FMTL achieves a 13.89% return, which is significantly higher than COPJ's -1.26% return.

FMTL

• 1D: 0.81%
• 1M: -11.71%
• YTD: 13.89%
• 6M: 13.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

COPJ

• 1D: 1.09%
• 1M: -10.98%
• YTD: -1.26%
• 6M: -2.81%
• 1Y: 78.93%
• 3Y*: 37.98%
• 5Y*: —
• 10Y*: —

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

FMTL vs. COPJ - Yearly Performance Comparison

	2026 (YTD)	2025
FMTL First Trust Indxx Critical Metals ETF	13.89%	21.85%
COPJ Sprott Junior Copper Miners ETF	-1.26%	31.62%

Correlation

The correlation between FMTL and COPJ 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 (All Time) Calculated using the full available price history since Nov 5, 2025	0.87

Return for Risk

FMTL vs. COPJ — Risk / Return Rank

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

FMTL

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

COPJ

COPJ Risk / Return Rank: 52
COPJ Sharpe Ratio Rank: 60
COPJ Sortino Ratio Rank: 49
COPJ Omega Ratio Rank: 53
COPJ Calmar Ratio Rank: 57
COPJ Martin Ratio Rank: 44

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.

FMTL vs. COPJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Critical Metals ETF (FMTL) and Sprott Junior Copper Miners ETF (COPJ). 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.

	FMTL	COPJ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.77	—
Sortino ratio: Return per unit of downside risk	—	2.18	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	2.46	—
Martin ratio: Return relative to average drawdown	—	6.52	—

Drawdowns

FMTL vs. COPJ - Drawdown Comparison

The maximum FMTL drawdown since its inception was -22.44%, smaller than the maximum COPJ drawdown of -32.28%. Use the drawdown chart below to compare losses from any high point for FMTL and COPJ.

Drawdown Indicators

	FMTL	COPJ	Difference
Max Drawdown Largest peak-to-trough decline	-22.44%	-32.28%	+9.84%
Max Drawdown (1Y) Largest decline over 1 year	—	-32.28%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-32.28%	—
Current Drawdown Current decline from peak	-14.61%	-24.52%	+9.91%
Average Drawdown Average peak-to-trough decline	-5.46%	-12.05%	+6.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.14%	—

Volatility

Volatility by Period

	FMTL	COPJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	18.97%	—
Volatility (6M) Calculated over the trailing 6-month period	—	38.69%	—
Volatility (1Y) Calculated over the trailing 1-year period	40.42%	45.04%	-4.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.42%	35.68%	+4.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.42%	35.68%	+4.74%

FMTL vs. COPJ - Expense Ratio Comparison

FMTL has a 0.65% expense ratio, which is lower than COPJ's 0.78% expense ratio.

Dividends

FMTL vs. COPJ - Dividend Comparison

FMTL's dividend yield for the trailing twelve months is around 1.63%, less than COPJ's 11.72% yield.

Position	TTM	2025	2024	2023
COPJ Sprott Junior Copper Miners ETF	11.72%	11.57%	11.64%	2.48%
FMTL First Trust Indxx Critical Metals ETF	1.63%	0.06%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FMTL and COPJ in my portfolio?

FMTL and COPJ 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.

Which ETF is better, FMTL or COPJ?

On fees, FMTL 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, FMTL or COPJ?

FMTL is cheaper with a 0.65% expense ratio, compared with 0.78% for COPJ.

Which ETF pays a higher dividend yield, FMTL or COPJ?

COPJ has the higher dividend yield at 11.72%, compared with 1.63% for FMTL.

What is the main difference between FMTL and COPJ?

FMTL is categorized as Rare Earth & Strategic Metals, while COPJ is Copper. FMTL tracks Indxx Global Critical Metals Index, while COPJ tracks Nasdaq Sprott Junior Copper Miners Index. They also come from different issuers: First Trust and Sprott. Their fees differ too: 0.65% for FMTL and 0.78% for COPJ.