PPLT vs. COPJ

Last updated Jul 1, 2026

PPLT (abrdn Physical Platinum Shares ETF) and COPJ (Sprott Junior Copper Miners ETF) are both exchange-traded funds - PPLT is a Precious Metals fund tracking the LBMA Platinum Price PM, while COPJ is a Copper fund tracking the Nasdaq Sprott Junior Copper Miners Index. Both are passively managed. Over the past 3 years, PPLT returned 19.09%/yr vs 38.25%/yr for COPJ. A 0.53 correlation means they provide meaningful diversification when combined. PPLT charges 0.60%/yr vs 0.78%/yr for COPJ.

Performance

PPLT vs. COPJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Physical Platinum Shares ETF (PPLT) 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, PPLT achieves a -24.21% return, which is significantly lower than COPJ's 0.79% return.

PPLT

• 1D: -1.40%
• 1M: -19.03%
• YTD: -24.21%
• 6M: -28.86%
• 1Y: 15.00%
• 3Y*: 19.09%
• 5Y*: 6.84%
• 10Y*: 3.32%

COPJ

• 1D: 2.38%
• 1M: -11.17%
• YTD: 0.79%
• 6M: -0.15%
• 1Y: 82.49%
• 3Y*: 38.25%
• 5Y*: —
• 10Y*: —

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

PPLT vs. COPJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PPLT abrdn Physical Platinum Shares ETF	-24.21%	124.48%	-8.90%	-2.25%
COPJ Sprott Junior Copper Miners ETF	0.79%	140.63%	11.07%	-6.47%

Correlation

The correlation between PPLT 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	0.55
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023	0.53

The correlation between PPLT and COPJ has been stable across timeframes, ranging from 0.53 to 0.58 - a consistent structural relationship.

Return for Risk

PPLT vs. COPJ — Risk / Return Rank

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

PPLT

PPLT Risk / Return Rank: 14
PPLT Sharpe Ratio Rank: 13
PPLT Sortino Ratio Rank: 15
PPLT Omega Ratio Rank: 16
PPLT Calmar Ratio Rank: 13
PPLT Martin Ratio Rank: 12

COPJ

COPJ Risk / Return Rank: 57
COPJ Sharpe Ratio Rank: 67
COPJ Sortino Ratio Rank: 54
COPJ Omega Ratio Rank: 58
COPJ Calmar Ratio Rank: 61
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.

PPLT vs. COPJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Platinum Shares ETF (PPLT) 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.

	PPLT	COPJ	Difference
Sharpe ratio: Return per unit of total volatility	0.30	1.84	-1.55
Sortino ratio: Return per unit of downside risk	0.72	2.24	-1.53
Omega ratio: Gain probability vs. loss probability	1.10	1.31	-0.21
Calmar ratio: Return relative to maximum drawdown	0.34	2.57	-2.23
Martin ratio: Return relative to average drawdown	0.78	6.71	-5.94

PPLT vs. COPJ - Sharpe Ratio Comparison

The current PPLT Sharpe Ratio is 0.30, which is lower than the COPJ Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of PPLT 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

PPLT vs. COPJ - Drawdown Comparison

The maximum PPLT drawdown since its inception was -70.73%, which is greater than COPJ's maximum drawdown of -32.28%. Use the drawdown chart below to compare losses from any high point for PPLT and COPJ.

Drawdown Indicators

	PPLT	COPJ	Difference
Max Drawdown Largest peak-to-trough decline	-70.73%	-32.28%	-38.45%
Max Drawdown (1Y) Largest decline over 1 year	-43.98%	-32.28%	-11.70%
Max Drawdown (3Y) Largest decline over 3 years	-43.98%	-32.28%	-11.70%
Max Drawdown (5Y) Largest decline over 5 years	-43.98%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-51.14%	—	—
Current Drawdown Current decline from peak	-43.98%	-22.96%	-21.02%
Average Drawdown Average peak-to-trough decline	-39.94%	-12.08%	-27.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.30%	12.33%	+6.97%

Volatility

PPLT vs. COPJ - Volatility Comparison

The current volatility for abrdn Physical Platinum Shares ETF (PPLT) is 12.58%, while Sprott Junior Copper Miners ETF (COPJ) has a volatility of 18.91%. This indicates that PPLT experiences smaller price fluctuations and is considered to be less risky than COPJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PPLT	COPJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.58%	18.91%	-6.33%
Volatility (6M) Calculated over the trailing 6-month period	43.67%	38.69%	+4.98%
Volatility (1Y) Calculated over the trailing 1-year period	50.52%	44.95%	+5.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.78%	35.66%	-2.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.21%	35.66%	-6.45%

PPLT vs. COPJ - Expense Ratio Comparison

PPLT has a 0.60% expense ratio, which is lower than COPJ's 0.78% expense ratio.

Dividends

PPLT vs. COPJ - Dividend Comparison

PPLT has not paid dividends to shareholders, while COPJ's dividend yield for the trailing twelve months is around 11.48%.

Position	TTM	2025	2024	2023
COPJ Sprott Junior Copper Miners ETF	11.48%	11.57%	11.64%	2.48%
PPLT abrdn Physical Platinum Shares ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PPLT and COPJ in my portfolio?

PPLT 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.

Which is riskier, PPLT or COPJ?

COPJ has higher volatility (18.91%) compared to PPLT (12.58%). In terms of maximum drawdown, PPLT dropped -70.73% vs COPJ's -32.28%.

Which ETF is better, PPLT or COPJ?

On 3-year performance, COPJ leads with 38.25% vs 19.09% for PPLT. On fees, PPLT is cheaper at 0.60% per year. On volatility, PPLT has been the lower-risk option at 12.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PPLT or COPJ?

Over the 3-year period, COPJ has performed better with a 38.25% return vs 19.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PPLT or COPJ?

PPLT is cheaper with a 0.60% expense ratio, compared with 0.78% for COPJ.

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

COPJ has the higher dividend yield at 11.48%, compared with 0.00% for PPLT.

What is the main difference between PPLT and COPJ?

PPLT is categorized as Precious Metals, while COPJ is Copper. PPLT tracks LBMA Platinum Price PM, while COPJ tracks Nasdaq Sprott Junior Copper Miners Index. They also come from different issuers: abrdn and Sprott. Their fees differ too: 0.60% for PPLT and 0.78% for COPJ.

Which has better risk-adjusted returns?

COPJ currently has the higher Sharpe Ratio (1.84 vs 0.30), 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.