SSLN.L vs. COPJ
SSLN.L (iShares Physical Silver ETC) and COPJ (Sprott Junior Copper Miners ETF) are both exchange-traded funds - SSLN.L is a Silver fund tracking the LBMA Silver Price, while COPJ is a Copper fund tracking the Nasdaq Sprott Junior Copper Miners Index. Both are passively managed. Over the past 3 years, SSLN.L returned 35.76%/yr vs 36.34%/yr for COPJ. At a 0.45 correlation, their price movements are largely independent. SSLN.L charges 0.20%/yr vs 0.78%/yr for COPJ.
Performance
SSLN.L vs. COPJ - Performance Comparison
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Different Trading Currencies
SSLN.L is traded in GBp, while COPJ is traded in USD. To make them comparable, the COPJ values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SSLN.L achieves a -15.38% return, which is significantly lower than COPJ's 2.56% return.
SSLN.L
- 1D
- 3.08%
- 1M
- -20.04%
- YTD
- -15.38%
- 6M
- -20.49%
- 1Y
- 71.23%
- 3Y*
- 35.76%
- 5Y*
- 18.76%
- 10Y*
- 11.54%
COPJ
- 1D
- 2.50%
- 1M
- -9.73%
- YTD
- 2.56%
- 6M
- 1.56%
- 1Y
- 89.21%
- 3Y*
- 36.34%
- 5Y*
- —
- 10Y*
- —
SSLN.L vs. COPJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SSLN.L iShares Physical Silver ETC | -15.38% | 130.26% | 23.21% | -2.91% |
COPJ Sprott Junior Copper Miners ETF | 2.56% | 123.48% | 13.01% | -10.20% |
Correlation
The correlation between SSLN.L and COPJ is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023 | 0.45 |
The correlation between SSLN.L and COPJ shifts across timeframes, from 0.45 (all time) to 0.57 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SSLN.L vs. COPJ — Risk / Return Rank
SSLN.L
COPJ
SSLN.L vs. COPJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Silver ETC (SSLN.L) 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.
| SSLN.L | COPJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.34 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 3.00 | -1.50 |
| Martin ratioReturn relative to average drawdown | 3.40 | 8.24 | -4.84 |
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Drawdowns
SSLN.L vs. COPJ - Drawdown Comparison
The maximum SSLN.L drawdown since its inception was -78.44%, which is greater than COPJ's maximum drawdown of -30.66%. Use the drawdown chart below to compare losses from any high point for SSLN.L and COPJ.
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Drawdown Indicators
| SSLN.L | COPJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.44% | -30.66% | -47.78% |
Max Drawdown (1Y)Largest decline over 1 year | -47.19% | -29.91% | -17.28% |
Max Drawdown (3Y)Largest decline over 3 years | -47.19% | -30.66% | -16.53% |
Max Drawdown (5Y)Largest decline over 5 years | -47.19% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.19% | — | — |
Current DrawdownCurrent decline from peak | -45.56% | -19.64% | -25.92% |
Average DrawdownAverage peak-to-trough decline | -59.64% | -12.42% | -47.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.86% | 10.86% | +10.00% |
Volatility
SSLN.L vs. COPJ - Volatility Comparison
The current volatility for iShares Physical Silver ETC (SSLN.L) is 14.91%, while Sprott Junior Copper Miners ETF (COPJ) has a volatility of 18.01%. This indicates that SSLN.L 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.
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Volatility by Period
| SSLN.L | COPJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.91% | 18.01% | -3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 53.08% | 36.41% | +16.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.25% | 42.87% | +13.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.68% | 33.51% | +3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.05% | 33.51% | -2.46% |
SSLN.L vs. COPJ - Expense Ratio Comparison
SSLN.L has a 0.20% expense ratio, which is lower than COPJ's 0.78% expense ratio.
Dividends
SSLN.L vs. COPJ - Dividend Comparison
SSLN.L 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% |
SSLN.L iShares Physical Silver ETC | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SSLN.L and COPJ have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SSLN.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SSLN.L is cheaper with a 0.20% expense ratio, compared with 0.78% for COPJ.
SSLN.L is categorized as Silver, while COPJ is Copper. SSLN.L tracks LBMA Silver Price, while COPJ tracks Nasdaq Sprott Junior Copper Miners Index. They also come from different issuers: iShares and Sprott. Their fees differ too: 0.20% for SSLN.L and 0.78% for COPJ.
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