HAFN vs. COPJ
HAFN (Hafnia Limited) is a stock, while COPJ (Sprott Junior Copper Miners ETF) is Copper fund tracking the Nasdaq Sprott Junior Copper Miners Index. Over the past year, HAFN returned 56.31% vs 79.19% for COPJ. Their 0.19 correlation means their historical movements had little consistent relationship.
Performance
HAFN vs. COPJ - Performance Comparison
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Returns By Period
HAFN
- 1D
- 0.00%
- 1M
- 9.54%
- 6M
- 33.18%
- YTD
- 53.42%
- 1Y
- 56.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.07%
COPJ
- 1D
- -0.83%
- 1M
- -1.50%
- 6M
- -14.72%
- YTD
- 0.00%
- 1Y
- 79.19%
- 3Y*
- 34.70%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 30.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.16M | $2.22M | $3.49M | |
HAFN Hafnia Limited | $7.80M | $8.71M | $12.88M |
HAFN vs. COPJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HAFN Hafnia Limited | 53.42% | 2.71% | -14.02% |
COPJ Sprott Junior Copper Miners ETF | 0.00% | 140.63% | -8.19% |
Correlation
The correlation between HAFN and COPJ is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2024 | 0.19 |
The correlation between HAFN and COPJ shifts across timeframes, from 0.05 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HAFN vs. COPJ — Risk / Return Rank
HAFN
COPJ
HAFN vs. COPJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hafnia Limited (HAFN) 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.
| HAFN | COPJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 2.53 | -0.54 |
| Martin ratioReturn relative to average drawdown | 5.24 | 5.76 | -0.52 |
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Drawdowns
HAFN vs. COPJ - Drawdown Comparison
The maximum HAFN drawdown since its inception was -53.75%, which is greater than COPJ's maximum drawdown of -32.28%. Use the drawdown chart below to compare losses from any high point for HAFN and COPJ.
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Drawdown Indicators
| HAFN | COPJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.75% | -32.28% | -21.47% |
Max Drawdown (1Y)Largest decline over 1 year | -27.99% | -32.28% | +4.29% |
Max Drawdown (3Y)Largest decline over 3 years | — | -32.28% | — |
Current DrawdownCurrent decline from peak | -15.59% | -23.56% | +7.97% |
Average DrawdownAverage peak-to-trough decline | -21.07% | -12.38% | -8.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.62% | 14.14% | -3.52% |
Volatility
HAFN vs. COPJ - Volatility Comparison
The current volatility for Hafnia Limited (HAFN) is 10.12%, while Sprott Junior Copper Miners ETF (COPJ) has a volatility of 12.84%. This indicates that HAFN 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.
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Volatility by Period
| HAFN | COPJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.12% | 12.84% | -2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 26.82% | 39.35% | -12.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.86% | 46.09% | -10.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.26% | 35.86% | +2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.26% | 35.86% | +2.40% |
Dividends
HAFN vs. COPJ - Dividend Comparison
HAFN's dividend yield for the trailing twelve months is around 9.52%, less than COPJ's 11.57% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
COPJ Sprott Junior Copper Miners ETF | 11.57% | 11.57% | 11.64% | 2.48% |
HAFN Hafnia Limited | 9.52% | 7.48% | 20.25% | 0.00% |
Frequently Asked Questions
HAFN and COPJ have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COPJ has higher volatility (12.84%) compared to HAFN (10.12%). In terms of maximum drawdown, HAFN dropped -53.75% vs COPJ's -32.28%.
COPJ currently has the higher Sharpe Ratio (1.77 vs 1.56), 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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