METL vs. COPJ

Last updated Jun 4, 2026

METL (Sprott Active Metals & Miners ETF) and COPJ (Sprott Junior Copper Miners ETF) are both Commodity Producers Equities funds from Sprott. METL is actively managed, while COPJ is passively managed. Their correlation of 0.83 suggests significant overlap in exposure. METL charges 0.89%/yr vs 0.78%/yr for COPJ.

Performance

METL vs. COPJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Active Metals & Miners ETF (METL) 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, METL achieves a 18.34% return, which is significantly higher than COPJ's 15.22% return.

METL

• 1D: -3.81%
• 1M: 5.71%
• YTD: 18.34%
• 6M: 25.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

COPJ

• 1D: -4.49%
• 1M: 13.66%
• YTD: 15.22%
• 6M: 30.03%
• 1Y: 123.62%
• 3Y*: 45.39%
• 5Y*: —
• 10Y*: —

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

METL vs. COPJ - Yearly Performance Comparison

	2026 (YTD)	2025
METL Sprott Active Metals & Miners ETF	18.34%	27.04%
COPJ Sprott Junior Copper Miners ETF	15.22%	58.64%

Correlation

The correlation between METL and COPJ is 0.83, 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 Sep 11, 2025	0.83

Return for Risk

METL vs. COPJ — Risk / Return Rank

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

COPJ

COPJ Risk / Return Rank: 73
COPJ Sharpe Ratio Rank: 87
COPJ Sortino Ratio Rank: 67
COPJ Omega Ratio Rank: 72
COPJ Calmar Ratio Rank: 75
COPJ Martin Ratio Rank: 62

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.

METL vs. COPJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Active Metals & Miners ETF (METL) 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.

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

Sharpe Ratios by Period

	METL	COPJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.95	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.72	1.10	+0.62

Drawdowns

METL vs. COPJ - Drawdown Comparison

The maximum METL drawdown since its inception was -27.39%, smaller than the maximum COPJ drawdown of -32.28%. Use the drawdown chart below to compare losses from any high point for METL and COPJ.

Drawdown Indicators

	METL	COPJ	Difference
Max Drawdown Largest peak-to-trough decline	-27.39%	-32.28%	+4.89%
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	-10.27%	-11.93%	+1.66%
Average Drawdown Average peak-to-trough decline	-8.11%	-11.86%	+3.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.02%	—

Volatility

Volatility by Period

	METL	COPJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	35.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	43.94%	42.16%	+1.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.94%	34.78%	+9.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.94%	34.78%	+9.16%

METL vs. COPJ - Expense Ratio Comparison

METL has a 0.89% expense ratio, which is higher than COPJ's 0.78% expense ratio.

Dividends

METL vs. COPJ - Dividend Comparison

METL's dividend yield for the trailing twelve months is around 0.84%, less than COPJ's 10.04% yield.

Position	TTM	2025	2024	2023
COPJ Sprott Junior Copper Miners ETF	10.04%	11.57%	11.64%	2.48%
METL Sprott Active Metals & Miners ETF	0.84%	0.99%	0.00%	0.00%

Frequently Asked Questions

Can I hold both METL and COPJ in my portfolio?

METL and COPJ have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, METL or COPJ?

On fees, COPJ is cheaper at 0.78% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, METL or COPJ?

COPJ is cheaper with a 0.78% expense ratio, compared with 0.89% for METL.

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

COPJ has the higher dividend yield at 10.04%, compared with 0.84% for METL.

What is the main difference between METL and COPJ?

Their fees differ too: 0.89% for METL and 0.78% for COPJ.