FRDM vs. COPJ

Last updated Jun 13, 2026

FRDM (Freedom 100 Emerging Markets ETF) and COPJ (Sprott Junior Copper Miners ETF) are both exchange-traded funds - FRDM is a Emerging Markets Diversified fund tracking the Life + Liberty Freedom 100 Emerging Markets Index, while COPJ is a Commodity Producers Equities fund tracking the Nasdaq Sprott Junior Copper Miners Index. Both are passively managed. Over the past 3 years, FRDM returned 34.29%/yr vs 41.69%/yr for COPJ. A 0.60 correlation means they provide meaningful diversification when combined. FRDM charges 0.49%/yr vs 0.78%/yr for COPJ.

Performance

FRDM vs. COPJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Freedom 100 Emerging Markets ETF (FRDM) 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, FRDM achieves a 40.13% return, which is significantly higher than COPJ's 8.25% return.

FRDM

• 1D: 0.49%
• 1M: 5.45%
• YTD: 40.13%
• 6M: 46.37%
• 1Y: 84.22%
• 3Y*: 34.29%
• 5Y*: 18.68%
• 10Y*: —

COPJ

• 1D: 4.06%
• 1M: -9.26%
• YTD: 8.25%
• 6M: 18.98%
• 1Y: 103.03%
• 3Y*: 41.69%
• 5Y*: —
• 10Y*: —

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

FRDM vs. COPJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FRDM Freedom 100 Emerging Markets ETF	40.13%	61.27%	1.70%	9.63%
COPJ Sprott Junior Copper Miners ETF	8.25%	140.63%	11.07%	-6.47%

Correlation

The correlation between FRDM and COPJ is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023	0.60

The correlation between FRDM and COPJ has been stable across timeframes, ranging from 0.55 to 0.60 - a consistent structural relationship.

FRDM vs. COPJ - Sectors Allocation Comparison

Sectors	FRDM	COPJ
Technology	41.1%	3.6%
Financial Services	22.1%	-
Industrials	8.6%	-
Consumer Cyclical	7.8%	-
Basic Materials	7.4%	100.0%
Communication Services	3.9%	-
Utilities	2.6%	-
Real Estate	2.5%	-
Consumer Defensive	2.2%	-
Healthcare	1.8%	-
Energy	0.1%	-

Return for Risk

FRDM vs. COPJ — Risk / Return Rank

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

FRDM

FRDM Risk / Return Rank: 92
FRDM Sharpe Ratio Rank: 94
FRDM Sortino Ratio Rank: 90
FRDM Omega Ratio Rank: 92
FRDM Calmar Ratio Rank: 91
FRDM Martin Ratio Rank: 91

COPJ

COPJ Risk / Return Rank: 70
COPJ Sharpe Ratio Rank: 84
COPJ Sortino Ratio Rank: 66
COPJ Omega Ratio Rank: 72
COPJ Calmar Ratio Rank: 72
COPJ Martin Ratio Rank: 57

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.

FRDM vs. COPJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Freedom 100 Emerging Markets ETF (FRDM) 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.

	FRDM	COPJ	Difference
Sharpe ratio: Return per unit of total volatility	3.15	2.33	+0.82
Sortino ratio: Return per unit of downside risk	3.68	2.62	+1.05
Omega ratio: Gain probability vs. loss probability	1.54	1.37	+0.18
Calmar ratio: Return relative to maximum drawdown	5.02	3.21	+1.81
Martin ratio: Return relative to average drawdown	19.36	8.96	+10.40

FRDM vs. COPJ - Sharpe Ratio Comparison

The current FRDM Sharpe Ratio is 3.15, which is higher than the COPJ Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of FRDM and COPJ, 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

FRDM vs. COPJ - Drawdown Comparison

The maximum FRDM drawdown since its inception was -40.49%, which is greater than COPJ's maximum drawdown of -32.28%. Use the drawdown chart below to compare losses from any high point for FRDM and COPJ.

Drawdown Indicators

	FRDM	COPJ	Difference
Max Drawdown Largest peak-to-trough decline	-40.49%	-32.28%	-8.21%
Max Drawdown (1Y) Largest decline over 1 year	-16.87%	-32.28%	+15.41%
Max Drawdown (3Y) Largest decline over 3 years	-16.87%	-32.28%	+15.41%
Max Drawdown (5Y) Largest decline over 5 years	-29.25%	—	—
Current Drawdown Current decline from peak	-4.36%	-17.26%	+12.90%
Average Drawdown Average peak-to-trough decline	-7.09%	-11.97%	+4.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.37%	11.53%	-7.16%

Volatility

FRDM vs. COPJ - Volatility Comparison

The current volatility for Freedom 100 Emerging Markets ETF (FRDM) is 14.27%, while Sprott Junior Copper Miners ETF (COPJ) has a volatility of 19.44%. This indicates that FRDM experiences smaller price fluctuations and is considered to be less risky than COPJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRDM	COPJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.27%	19.44%	-5.17%
Volatility (6M) Calculated over the trailing 6-month period	24.39%	37.98%	-13.59%
Volatility (1Y) Calculated over the trailing 1-year period	26.86%	44.42%	-17.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.35%	35.48%	-14.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.09%	35.48%	-12.39%

FRDM vs. COPJ - Expense Ratio Comparison

FRDM has a 0.49% expense ratio, which is lower than COPJ's 0.78% expense ratio.

Dividends

FRDM vs. COPJ - Dividend Comparison

FRDM's dividend yield for the trailing twelve months is around 1.56%, less than COPJ's 10.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
COPJ Sprott Junior Copper Miners ETF	10.69%	11.57%	11.64%	2.48%	0.00%	0.00%	0.00%	0.00%
FRDM Freedom 100 Emerging Markets ETF	1.56%	2.26%	2.53%	2.66%	2.72%	2.17%	1.11%	1.07%

Frequently Asked Questions

Can I hold both FRDM and COPJ in my portfolio?

FRDM and COPJ have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FRDM or COPJ?

COPJ has higher volatility (19.44%) compared to FRDM (14.27%). In terms of maximum drawdown, FRDM dropped -40.49% vs COPJ's -32.28%.

Which ETF is better, FRDM or COPJ?

On 3-year performance, COPJ leads with 41.69% vs 34.29% for FRDM. On fees, FRDM is cheaper at 0.49% per year. On volatility, FRDM has been the lower-risk option at 14.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FRDM or COPJ?

Over the 3-year period, COPJ has performed better with a 41.69% return vs 34.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FRDM or COPJ?

FRDM is cheaper with a 0.49% expense ratio, compared with 0.78% for COPJ.

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

COPJ has the higher dividend yield at 10.69%, compared with 1.56% for FRDM.

What is the main difference between FRDM and COPJ?

FRDM is categorized as Emerging Markets Diversified, while COPJ is Commodity Producers Equities. FRDM tracks Life + Liberty Freedom 100 Emerging Markets Index, while COPJ tracks Nasdaq Sprott Junior Copper Miners Index. They also come from different issuers: Freedom Funds and Sprott. Their fees differ too: 0.49% for FRDM and 0.78% for COPJ.

Which has better risk-adjusted returns?

FRDM currently has the higher Sharpe Ratio (3.15 vs 2.33), 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.