SCOP vs. COPP
SCOP (Sprott Physical Copper Trust) and COPP (Sprott Copper Miners ETF) are both Copper funds from Sprott. SCOP is actively managed, while COPP is passively managed. At a 0.49 correlation, their price movements are largely independent. SCOP charges 1.30%/yr vs 0.65%/yr for COPP.
Performance
SCOP vs. COPP - Performance Comparison
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Returns By Period
SCOP
- 1D
- -1.66%
- 1M
- -13.74%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COPP
- 1D
- -1.23%
- 1M
- -14.34%
- 6M
- -6.95%
- YTD
- 3.50%
- 1Y
- 61.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCOP vs. COPP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SCOP Sprott Physical Copper Trust | -13.67% |
COPP Sprott Copper Miners ETF | -2.62% |
Correlation
The correlation between SCOP and COPP is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 4, 2026 | 0.49 |
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Return for Risk
SCOP vs. COPP — Risk / Return Rank
SCOP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
COPP
SCOP vs. COPP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Copper Trust (SCOP) 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.
| SCOP | COPP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.23 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.13 | — |
| Martin ratioReturn relative to average drawdown | — | 6.30 | — |
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Drawdowns
SCOP vs. COPP - Drawdown Comparison
The maximum SCOP drawdown since its inception was -21.04%, smaller than the maximum COPP drawdown of -44.37%. Use the drawdown chart below to compare losses from any high point for SCOP and COPP.
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Drawdown Indicators
| SCOP | COPP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.04% | -44.37% | +23.33% |
Max Drawdown (1Y)Largest decline over 1 year | — | -28.91% | — |
Current DrawdownCurrent decline from peak | -20.73% | -21.16% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -9.30% | -14.02% | +4.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 9.78% | — |
Volatility
SCOP vs. COPP - Volatility Comparison
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Volatility by Period
| SCOP | COPP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 12.79% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 39.60% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 37.99% | 45.66% | -7.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.99% | 41.65% | -3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.99% | 41.65% | -3.66% |
SCOP vs. COPP - Expense Ratio Comparison
SCOP has a 1.30% expense ratio, which is higher than COPP's 0.65% expense ratio.
Dividends
SCOP vs. COPP - Dividend Comparison
SCOP has not paid dividends to shareholders, while COPP's dividend yield for the trailing twelve months is around 2.29%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
COPP Sprott Copper Miners ETF | 2.29% | 2.37% | 2.59% |
SCOP Sprott Physical Copper Trust | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SCOP and COPP have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
COPP is cheaper with a 0.65% expense ratio, compared with 1.30% for SCOP.
COPP has the higher dividend yield at 2.29%, compared with 0.00% for SCOP.
Their fees differ too: 1.30% for SCOP and 0.65% for COPP.
Find the right allocation for SCOP and COPP
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