SETM vs. COPP

Last updated Jun 4, 2026

SETM (Sprott Energy Transition Materials ETF) and COPP (Sprott Copper Miners ETF) are both exchange-traded funds - SETM is a Energy Equities fund tracking the Nasdaq Sprott Energy Transition Materials Select Index - AUD - Benchmark TR Gross, while COPP is a Commodity Producers Equities fund tracking the Nasdaq Sprott Copper Miners Index. Both are passively managed. Over the past year, SETM returned 144.21% vs 111.49% for COPP. A 0.80 correlation means they provide meaningful diversification when combined. Both charge a 0.65% expense ratio.

Performance

SETM vs. COPP - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with SETM having a 27.22% return and COPP slightly lower at 26.69%.

SETM

• 1D: -4.09%
• 1M: 2.39%
• YTD: 27.22%
• 6M: 33.66%
• 1Y: 144.21%
• 3Y*: 30.90%
• 5Y*: —
• 10Y*: —

COPP

• 1D: -3.50%
• 1M: 22.98%
• YTD: 26.69%
• 6M: 39.51%
• 1Y: 111.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SETM vs. COPP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SETM Sprott Energy Transition Materials ETF	27.22%	95.27%	-5.94%
COPP Sprott Copper Miners ETF	26.69%	74.02%	4.18%

Correlation

The correlation between SETM and COPP is 0.75, 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	0.75
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.80

The correlation between SETM and COPP has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.

SETM vs. COPP - Sectors Allocation Comparison

Sectors	SETM	COPP
Basic Materials	73.2%	92.0%
Energy	25.8%	0.1%
Industrials	0.9%	0.1%
Technology	0.1%	0.1%
Consumer Defensive	0.1%	0.1%
Communication Services	-	0.1%
Consumer Cyclical	-	0.1%
Financial Services	-	0.9%
Healthcare	-	0.1%
Real Estate	-	0.0%
Utilities	-	0.1%

Return for Risk

SETM vs. COPP — Risk / Return Rank

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

SETM

SETM Risk / Return Rank: 82
SETM Sharpe Ratio Rank: 91
SETM Sortino Ratio Rank: 71
SETM Omega Ratio Rank: 72
SETM Calmar Ratio Rank: 90
SETM Martin Ratio Rank: 84

COPP

COPP Risk / Return Rank: 70
COPP Sharpe Ratio Rank: 79
COPP Sortino Ratio Rank: 62
COPP Omega Ratio Rank: 61
COPP Calmar Ratio Rank: 76
COPP Martin Ratio Rank: 70

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.

SETM vs. COPP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Energy Transition Materials ETF (SETM) 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.

	SETM	COPP	Difference
Sharpe ratio: Return per unit of total volatility	3.25	2.62	+0.63
Sortino ratio: Return per unit of downside risk	3.29	2.98	+0.31
Omega ratio: Gain probability vs. loss probability	1.44	1.38	+0.06
Calmar ratio: Return relative to maximum drawdown	5.61	3.88	+1.73
Martin ratio: Return relative to average drawdown	17.42	13.39	+4.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SETM vs. COPP - Sharpe Ratio Comparison

The current SETM Sharpe Ratio is 3.25, which is comparable to the COPP Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of SETM and COPP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SETM	COPP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.25	2.62	+0.63
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	1.11	-0.51

Drawdowns

SETM vs. COPP - Drawdown Comparison

The maximum SETM drawdown since its inception was -42.81%, roughly equal to the maximum COPP drawdown of -44.37%. Use the drawdown chart below to compare losses from any high point for SETM and COPP.

Drawdown Indicators

	SETM	COPP	Difference
Max Drawdown Largest peak-to-trough decline	-42.81%	-44.37%	+1.56%
Max Drawdown (1Y) Largest decline over 1 year	-25.85%	-28.91%	+3.06%
Max Drawdown (3Y) Largest decline over 3 years	-42.81%	—	—
Current Drawdown Current decline from peak	-7.30%	-3.50%	-3.80%
Average Drawdown Average peak-to-trough decline	-14.26%	-14.02%	-0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.31%	8.35%	-0.04%

Volatility

SETM vs. COPP - Volatility Comparison

The current volatility for Sprott Energy Transition Materials ETF (SETM) is 13.58%, while Sprott Copper Miners ETF (COPP) has a volatility of 15.22%. This indicates that SETM experiences smaller price fluctuations and is considered to be less risky than COPP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SETM	COPP	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.58%	15.22%	-1.64%
Volatility (6M) Calculated over the trailing 6-month period	34.49%	36.30%	-1.81%
Volatility (1Y) Calculated over the trailing 1-year period	44.71%	42.84%	+1.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.57%	40.80%	-4.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.57%	40.80%	-4.23%

SETM vs. COPP - Expense Ratio Comparison

Both SETM and COPP have an expense ratio of 0.65%.

Dividends

SETM vs. COPP - Dividend Comparison

SETM's dividend yield for the trailing twelve months is around 1.23%, less than COPP's 1.87% yield.

Position	TTM	2025	2024	2023
COPP Sprott Copper Miners ETF	1.87%	2.37%	2.59%	0.00%
SETM Sprott Energy Transition Materials ETF	1.23%	1.56%	2.07%	2.47%

Frequently Asked Questions

Can I hold both SETM and COPP in my portfolio?

SETM and COPP have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SETM or COPP?

COPP has higher volatility (15.22%) compared to SETM (13.58%). In terms of maximum drawdown, SETM dropped -42.81% vs COPP's -44.37%.

Which ETF is better, SETM or COPP?

On 1-year performance, SETM leads with 144.21% vs 111.49% for COPP. Both ETFs have the same 0.65% expense ratio. On volatility, SETM has been the lower-risk option at 13.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SETM or COPP?

Over the 1-year period, SETM has performed better with a 144.21% return vs 111.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SETM or COPP?

SETM and COPP have the same expense ratio: 0.65% per year.

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

COPP has the higher dividend yield at 1.87%, compared with 1.23% for SETM.

What is the main difference between SETM and COPP?

SETM is categorized as Energy Equities, while COPP is Commodity Producers Equities. SETM tracks Nasdaq Sprott Energy Transition Materials Select Index - AUD - Benchmark TR Gross, while COPP tracks Nasdaq Sprott Copper Miners Index.

Which has better risk-adjusted returns?

SETM currently has the higher Sharpe Ratio (3.25 vs 2.62), 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.