SCOP vs. URNJ

Last updated Jun 8, 2026

SCOP (Sprott Physical Copper Trust) and URNJ (Sprott Junior Uranium Miners ETF) are both exchange-traded funds - SCOP is a Commodities fund actively managed by Sprott, while URNJ is a Energy Equities fund tracking the Nasdaq Sprott Junior Uranium Miners Index - Benchmark TR Gross. SCOP is actively managed, while URNJ is passively managed. At a 0.32 correlation, their price movements are largely independent. SCOP charges 1.30%/yr vs 0.80%/yr for URNJ.

Performance

SCOP vs. URNJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Physical Copper Trust (SCOP) and Sprott Junior Uranium Miners ETF (URNJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SCOP

• 1D: -6.13%
• 1M: -3.20%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

URNJ

• 1D: -11.37%
• 1M: -19.90%
• YTD: -2.54%
• 6M: -4.36%
• 1Y: 40.83%
• 3Y*: 19.64%
• 5Y*: —
• 10Y*: —

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

SCOP vs. URNJ - Yearly Performance Comparison

	2026 (YTD)
SCOP Sprott Physical Copper Trust	2.27%
URNJ Sprott Junior Uranium Miners ETF	-20.83%

Correlation

The correlation between SCOP and URNJ is 0.32, 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 5, 2026	0.32

Return for Risk

SCOP vs. URNJ — Risk / Return Rank

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

URNJ

URNJ Risk / Return Rank: 23
URNJ Sharpe Ratio Rank: 21
URNJ Sortino Ratio Rank: 25
URNJ Omega Ratio Rank: 24
URNJ Calmar Ratio Rank: 23
URNJ Martin Ratio Rank: 21

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.

SCOP vs. URNJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Copper Trust (SCOP) and Sprott Junior Uranium Miners ETF (URNJ). 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

	SCOP	URNJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.19	+0.44

Drawdowns

SCOP vs. URNJ - Drawdown Comparison

The maximum SCOP drawdown since its inception was -11.09%, smaller than the maximum URNJ drawdown of -59.21%. Use the drawdown chart below to compare losses from any high point for SCOP and URNJ.

Drawdown Indicators

	SCOP	URNJ	Difference
Max Drawdown Largest peak-to-trough decline	-11.09%	-59.21%	+48.12%
Max Drawdown (1Y) Largest decline over 1 year	—	-39.25%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-59.21%	—
Current Drawdown Current decline from peak	-9.72%	-39.25%	+29.53%
Average Drawdown Average peak-to-trough decline	-4.48%	-21.20%	+16.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	17.75%	—

Volatility

Volatility by Period

	SCOP	URNJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	19.03%	—
Volatility (6M) Calculated over the trailing 6-month period	—	47.01%	—
Volatility (1Y) Calculated over the trailing 1-year period	45.24%	62.14%	-16.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.24%	53.66%	-8.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.24%	53.66%	-8.42%

SCOP vs. URNJ - Expense Ratio Comparison

SCOP has a 1.30% expense ratio, which is higher than URNJ's 0.80% expense ratio.

Dividends

SCOP vs. URNJ - Dividend Comparison

SCOP has not paid dividends to shareholders, while URNJ's dividend yield for the trailing twelve months is around 6.75%.

Position	TTM	2025	2024	2023
SCOP Sprott Physical Copper Trust	0.00%	0.00%	0.00%	0.00%
URNJ Sprott Junior Uranium Miners ETF	6.75%	6.58%	4.33%	4.03%

Frequently Asked Questions

Can I hold both SCOP and URNJ in my portfolio?

SCOP and URNJ have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SCOP or URNJ?

On fees, URNJ is cheaper at 0.80% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SCOP or URNJ?

URNJ is cheaper with a 0.80% expense ratio, compared with 1.30% for SCOP.

Which ETF pays a higher dividend yield, SCOP or URNJ?

URNJ has the higher dividend yield at 6.75%, compared with 0.00% for SCOP.

What is the main difference between SCOP and URNJ?

SCOP is categorized as Commodities, while URNJ is Energy Equities. Their fees differ too: 1.30% for SCOP and 0.80% for URNJ.