HL vs. COPJ
HL (Hecla Mining Company) is a stock, while COPJ (Sprott Junior Copper Miners ETF) is Copper fund tracking the Nasdaq Sprott Junior Copper Miners Index. Over the past 3 years, HL returned 44.78%/yr vs 38.25%/yr for COPJ. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
HL vs. COPJ - Performance Comparison
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Returns By Period
In the year-to-date period, HL achieves a -19.56% return, which is significantly lower than COPJ's 0.79% return.
HL
- 1D
- 0.19%
- 1M
- -13.17%
- YTD
- -19.56%
- 6M
- -20.80%
- 1Y
- 157.90%
- 3Y*
- 44.78%
- 5Y*
- 16.35%
- 10Y*
- 11.45%
COPJ
- 1D
- 2.38%
- 1M
- -11.17%
- YTD
- 0.79%
- 6M
- -0.15%
- 1Y
- 82.49%
- 3Y*
- 38.25%
- 5Y*
- —
- 10Y*
- —
HL vs. COPJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HL Hecla Mining Company | -19.56% | 291.70% | 2.82% | -22.91% |
COPJ Sprott Junior Copper Miners ETF | 0.79% | 140.63% | 11.07% | -6.47% |
Correlation
The correlation between HL and COPJ is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023 | 0.56 |
The correlation between HL and COPJ has been stable across timeframes, ranging from 0.56 to 0.58 - a consistent structural relationship.
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Return for Risk
HL vs. COPJ — Risk / Return Rank
HL
COPJ
HL vs. COPJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hecla Mining Company (HL) 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.
| HL | COPJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.31 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 2.57 | +0.28 |
| Martin ratioReturn relative to average drawdown | 5.91 | 6.71 | -0.81 |
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Drawdowns
HL vs. COPJ - Drawdown Comparison
The maximum HL drawdown since its inception was -97.92%, which is greater than COPJ's maximum drawdown of -32.28%. Use the drawdown chart below to compare losses from any high point for HL and COPJ.
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Drawdown Indicators
| HL | COPJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.92% | -32.28% | -65.64% |
Max Drawdown (1Y)Largest decline over 1 year | -55.81% | -32.28% | -23.53% |
Max Drawdown (3Y)Largest decline over 3 years | -55.81% | -32.28% | -23.53% |
Max Drawdown (5Y)Largest decline over 5 years | -55.81% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -82.45% | — | — |
Current DrawdownCurrent decline from peak | -51.47% | -22.96% | -28.51% |
Average DrawdownAverage peak-to-trough decline | -69.91% | -12.08% | -57.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.84% | 12.33% | +14.51% |
Volatility
HL vs. COPJ - Volatility Comparison
Hecla Mining Company (HL) has a higher volatility of 21.36% compared to Sprott Junior Copper Miners ETF (COPJ) at 18.91%. This indicates that HL's price experiences larger fluctuations and is considered to be riskier 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
| HL | COPJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.36% | 18.91% | +2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 54.58% | 38.69% | +15.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.45% | 44.95% | +28.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.39% | 35.66% | +23.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.83% | 35.66% | +27.17% |
Dividends
HL vs. COPJ - Dividend Comparison
HL's dividend yield for the trailing twelve months is around 0.10%, less than COPJ's 11.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COPJ Sprott Junior Copper Miners ETF | 11.48% | 11.57% | 11.64% | 2.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HL Hecla Mining Company | 0.10% | 0.08% | 0.81% | 0.65% | 0.40% | 0.72% | 0.25% | 0.29% | 0.42% | 0.25% | 0.19% | 0.53% |
Frequently Asked Questions
HL and COPJ have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HL has higher volatility (21.36%) compared to COPJ (18.91%). In terms of maximum drawdown, HL dropped -97.92% vs COPJ's -32.28%.
HL currently has the higher Sharpe Ratio (2.16 vs 1.84), 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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