IVVD vs. COPJ

Last updated Jun 25, 2026

IVVD (Invivyd Inc.) 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, IVVD returned -4.44%/yr vs 37.28%/yr for COPJ. At a 0.18 correlation, their price movements are largely independent.

Performance

IVVD vs. COPJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invivyd Inc. (IVVD) 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, IVVD achieves a -62.19% return, which is significantly lower than COPJ's -3.26% return.

IVVD

• 1D: -0.09%
• 1M: -15.11%
• YTD: -62.19%
• 6M: -66.77%
• 1Y: 24.51%
• 3Y*: -4.44%
• 5Y*: —
• 10Y*: —

COPJ

• 1D: -3.55%
• 1M: -9.41%
• YTD: -3.26%
• 6M: -2.56%
• 1Y: 83.00%
• 3Y*: 37.28%
• 5Y*: —
• 10Y*: —

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

IVVD vs. COPJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IVVD Invivyd Inc.	-62.19%	457.44%	-88.75%	74.34%
COPJ Sprott Junior Copper Miners ETF	-3.26%	140.63%	11.07%	-6.47%

Correlation

The correlation between IVVD and COPJ is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023	0.18

Return for Risk

IVVD vs. COPJ — Risk / Return Rank

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

IVVD

IVVD Risk / Return Rank: 57
IVVD Sharpe Ratio Rank: 50
IVVD Sortino Ratio Rank: 68
IVVD Omega Ratio Rank: 64
IVVD Calmar Ratio Rank: 51
IVVD Martin Ratio Rank: 51

COPJ

COPJ Risk / Return Rank: 54
COPJ Sharpe Ratio Rank: 62
COPJ Sortino Ratio Rank: 51
COPJ Omega Ratio Rank: 55
COPJ Calmar Ratio Rank: 58
COPJ Martin Ratio Rank: 46

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.

IVVD vs. COPJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invivyd Inc. (IVVD) 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.

	IVVD	COPJ	Difference
Sharpe ratio: Return per unit of total volatility	0.17	1.85	-1.68
Sortino ratio: Return per unit of downside risk	1.52	2.25	-0.74
Omega ratio: Gain probability vs. loss probability	1.17	1.31	-0.14
Calmar ratio: Return relative to maximum drawdown	0.34	2.59	-2.25
Martin ratio: Return relative to average drawdown	0.71	6.98	-6.27

IVVD vs. COPJ - Sharpe Ratio Comparison

The current IVVD Sharpe Ratio is 0.17, which is lower than the COPJ Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of IVVD 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

IVVD vs. COPJ - Drawdown Comparison

The maximum IVVD drawdown since its inception was -99.36%, which is greater than COPJ's maximum drawdown of -32.28%. Use the drawdown chart below to compare losses from any high point for IVVD and COPJ.

Drawdown Indicators

	IVVD	COPJ	Difference
Max Drawdown Largest peak-to-trough decline	-99.36%	-32.28%	-67.08%
Max Drawdown (1Y) Largest decline over 1 year	-73.26%	-32.28%	-40.98%
Max Drawdown (3Y) Largest decline over 3 years	-92.90%	-32.28%	-60.62%
Current Drawdown Current decline from peak	-98.33%	-26.05%	-72.28%
Average Drawdown Average peak-to-trough decline	-91.13%	-12.02%	-79.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.79%	11.94%	+22.85%

Volatility

IVVD vs. COPJ - Volatility Comparison

Invivyd Inc. (IVVD) has a higher volatility of 25.47% compared to Sprott Junior Copper Miners ETF (COPJ) at 19.88%. This indicates that IVVD'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.

Volatility by Period

	IVVD	COPJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.47%	19.88%	+5.59%
Volatility (6M) Calculated over the trailing 6-month period	69.42%	38.93%	+30.49%
Volatility (1Y) Calculated over the trailing 1-year period	140.93%	45.03%	+95.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	178.30%	35.71%	+142.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	178.30%	35.71%	+142.59%

Dividends

IVVD vs. COPJ - Dividend Comparison

IVVD has not paid dividends to shareholders, while COPJ's dividend yield for the trailing twelve months is around 11.96%.

Position	TTM	2025	2024	2023
COPJ Sprott Junior Copper Miners ETF	11.96%	11.57%	11.64%	2.48%
IVVD Invivyd Inc.	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IVVD and COPJ in my portfolio?

IVVD and COPJ have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVVD or COPJ?

IVVD has higher volatility (25.47%) compared to COPJ (19.88%). In terms of maximum drawdown, IVVD dropped -99.36% vs COPJ's -32.28%.

Which has better risk-adjusted returns?

COPJ currently has the higher Sharpe Ratio (1.85 vs 0.17), 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.