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METL vs. COPX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

METL vs. COPX - Performance Comparison

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

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Returns By Period

In the year-to-date period, METL achieves a 18.34% return, which is significantly lower than COPX's 25.71% return.


METL

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

COPX

1D
-3.64%
1M
17.74%
YTD
25.71%
6M
36.90%
1Y
120.82%
3Y*
37.36%
5Y*
19.87%
10Y*
21.95%
*Multi-year figures are annualized to reflect compound growth (CAGR)

METL vs. COPX - Yearly Performance Comparison


2026 (YTD)2025
METL
Sprott Active Metals & Miners ETF
18.34%27.04%
COPX
Global X Copper Miners ETF
25.71%41.87%

Correlation

The correlation between METL and COPX is 0.82, 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

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Return for Risk

METL vs. COPX — Risk / Return Rank

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

METL

COPX
COPX Risk / Return Rank: 7575
Overall Rank
COPX Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
COPX Sortino Ratio Rank: 6767
Sortino Ratio Rank
COPX Omega Ratio Rank: 6767
Omega Ratio Rank
COPX Calmar Ratio Rank: 8282
Calmar Ratio Rank
COPX Martin Ratio Rank: 7373
Martin Ratio Rank
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. COPX - Risk-Adjusted Trends Comparison

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

METL vs. COPX - Sharpe Ratio Comparison


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Sharpe Ratios by Period


METLCOPXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.93

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.55

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.62

Sharpe Ratio (All Time)

Calculated using the full available price history

1.72

0.19

+1.53

Drawdowns

METL vs. COPX - Drawdown Comparison

The maximum METL drawdown since its inception was -27.39%, smaller than the maximum COPX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for METL and COPX.


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Drawdown Indicators


METLCOPXDifference

Max Drawdown

Largest peak-to-trough decline

-27.39%

-83.16%

+55.77%

Max Drawdown (1Y)

Largest decline over 1 year

-27.82%

Max Drawdown (3Y)

Largest decline over 3 years

-39.72%

Max Drawdown (5Y)

Largest decline over 5 years

-42.12%

Max Drawdown (10Y)

Largest decline over 10 years

-65.41%

Current Drawdown

Current decline from peak

-10.27%

-5.69%

-4.58%

Average Drawdown

Average peak-to-trough decline

-8.11%

-39.30%

+31.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.66%

Volatility

METL vs. COPX - Volatility Comparison


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Volatility by Period


METLCOPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

15.38%

Volatility (6M)

Calculated over the trailing 6-month period

35.68%

Volatility (1Y)

Calculated over the trailing 1-year period

43.94%

41.41%

+2.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

43.94%

36.51%

+7.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

43.94%

35.55%

+8.39%

METL vs. COPX - Expense Ratio Comparison

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


Dividends

METL vs. COPX - Dividend Comparison

METL's dividend yield for the trailing twelve months is around 0.84%, less than COPX's 2.13% yield.


PositionTTM20252024202320222021202020192018201720162015
COPX
Global X Copper Miners ETF
2.13%2.68%1.80%2.39%3.14%1.48%1.30%1.37%2.59%1.57%0.60%1.20%
METL
Sprott Active Metals & Miners ETF
0.84%0.99%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions


METL and COPX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

COPX has the higher dividend yield at 2.13%, compared with 0.84% for METL.

METL is categorized as Commodity Producers Equities, while COPX is Materials. They also come from different issuers: Sprott and Global X. Their fees differ too: 0.89% for METL and 0.65% for COPX.

Portfolio Optimizer

Find the right allocation for METL and COPX

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