METL vs. COPP

Last updated Jun 24, 2026

METL (Sprott Active Metals & Miners ETF) and COPP (Sprott Copper Miners ETF) are both exchange-traded funds - METL is a Natural Resources fund actively managed by Sprott, while COPP is a Copper fund tracking the Nasdaq Sprott Copper Miners Index. METL is actively managed, while COPP is passively managed. Their correlation of 0.85 suggests significant overlap in exposure. METL charges 0.89%/yr vs 0.65%/yr for COPP.

Performance

METL vs. COPP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Active Metals & Miners ETF (METL) and Sprott Copper Miners ETF (COPP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, METL achieves a 5.42% return, which is significantly lower than COPP's 11.86% return.

METL

• 1D: -4.31%
• 1M: -5.33%
• YTD: 5.42%
• 6M: 3.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

COPP

• 1D: -6.21%
• 1M: -1.59%
• YTD: 11.86%
• 6M: 10.91%
• 1Y: 83.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

METL vs. COPP - Yearly Performance Comparison

	2026 (YTD)	2025
METL Sprott Active Metals & Miners ETF	5.42%	28.19%
COPP Sprott Copper Miners ETF	11.86%	41.21%

Correlation

The correlation between METL and COPP is 0.85, 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 10, 2025	0.85

Return for Risk

METL vs. COPP — Risk / Return Rank

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

METL

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

COPP

COPP Risk / Return Rank: 54
COPP Sharpe Ratio Rank: 57
COPP Sortino Ratio Rank: 48
COPP Omega Ratio Rank: 49
COPP Calmar Ratio Rank: 61
COPP 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.

METL vs. COPP - Risk-Adjusted Trends Comparison

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

	METL	COPP	Difference
Sharpe ratio: Return per unit of total volatility	—	1.85	—
Sortino ratio: Return per unit of downside risk	—	2.30	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	2.90	—
Martin ratio: Return relative to average drawdown	—	9.67	—

Drawdowns

METL vs. COPP - Drawdown Comparison

The maximum METL drawdown since its inception was -27.39%, smaller than the maximum COPP drawdown of -44.37%. Use the drawdown chart below to compare losses from any high point for METL and COPP.

Drawdown Indicators

	METL	COPP	Difference
Max Drawdown Largest peak-to-trough decline	-27.39%	-44.37%	+16.98%
Max Drawdown (1Y) Largest decline over 1 year	—	-28.91%	—
Current Drawdown Current decline from peak	-20.07%	-14.79%	-5.28%
Average Drawdown Average peak-to-trough decline	-8.64%	-13.90%	+5.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.66%	—

Volatility

Volatility by Period

	METL	COPP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	18.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	39.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	45.01%	45.29%	-0.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.01%	41.61%	+3.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.01%	41.61%	+3.40%

METL vs. COPP - Expense Ratio Comparison

METL has a 0.89% expense ratio, which is higher than COPP's 0.65% expense ratio.

Dividends

METL vs. COPP - Dividend Comparison

METL's dividend yield for the trailing twelve months is around 0.94%, less than COPP's 2.12% yield.

Position	TTM	2025	2024
COPP Sprott Copper Miners ETF	2.12%	2.37%	2.59%
METL Sprott Active Metals & Miners ETF	0.94%	0.99%	0.00%

Frequently Asked Questions

Can I hold both METL and COPP in my portfolio?

METL and COPP have a correlation of 0.85, 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 COPP?

On fees, COPP is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, METL or COPP?

COPP is cheaper with a 0.65% expense ratio, compared with 0.89% for METL.

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

COPP has the higher dividend yield at 2.12%, compared with 0.94% for METL.

What is the main difference between METL and COPP?

METL is categorized as Natural Resources, while COPP is Copper. Their fees differ too: 0.89% for METL and 0.65% for COPP.