URA vs. COPP

Last updated Jun 4, 2026

URA (Global X Uranium ETF) and COPP (Sprott Copper Miners ETF) are both Commodity Producers Equities funds - URA tracks the Solactive Global Uranium & Nuclear Components Total Return Index while COPP tracks the Nasdaq Sprott Copper Miners Index. Both are passively managed. Over the past year, URA returned 61.26% vs 111.49% for COPP. A 0.56 correlation means they provide meaningful diversification when combined. URA charges 0.69%/yr vs 0.65%/yr for COPP.

Performance

URA vs. COPP - Performance Comparison

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

Returns By Period

In the year-to-date period, URA achieves a 17.93% return, which is significantly lower than COPP's 26.69% return.

URA

• 1D: -5.67%
• 1M: -8.00%
• YTD: 17.93%
• 6M: 13.25%
• 1Y: 61.26%
• 3Y*: 39.27%
• 5Y*: 21.39%
• 10Y*: 17.12%

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)

URA vs. COPP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
URA Global X Uranium ETF	17.93%	67.18%	-1.72%
COPP Sprott Copper Miners ETF	26.69%	74.02%	4.18%

Correlation

The correlation between URA and COPP is 0.55, 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	0.55
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.56

The correlation between URA and COPP has been stable across timeframes, ranging from 0.55 to 0.56 - a consistent structural relationship.

URA vs. COPP - Sectors Allocation Comparison

Sectors	URA	COPP
Energy	57.0%	0.1%
Industrials	21.9%	0.1%
Utilities	9.4%	0.1%
Basic Materials	5.0%	92.0%
Technology	0.9%	0.1%
Communication Services	-	0.1%
Consumer Cyclical	-	0.1%
Consumer Defensive	-	0.1%
Financial Services	-	0.9%
Healthcare	-	0.1%
Real Estate	-	0.0%

Return for Risk

URA vs. COPP — Risk / Return Rank

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

URA

URA Risk / Return Rank: 34
URA Sharpe Ratio Rank: 33
URA Sortino Ratio Rank: 34
URA Omega Ratio Rank: 31
URA Calmar Ratio Rank: 43
URA Martin Ratio Rank: 30

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.

URA vs. COPP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Uranium ETF (URA) 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.

	URA	COPP	Difference
Sharpe ratio: Return per unit of total volatility	1.23	2.62	-1.39
Sortino ratio: Return per unit of downside risk	1.86	2.98	-1.11
Omega ratio: Gain probability vs. loss probability	1.22	1.38	-0.17
Calmar ratio: Return relative to maximum drawdown	2.17	3.88	-1.71
Martin ratio: Return relative to average drawdown	4.58	13.39	-8.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

URA vs. COPP - Sharpe Ratio Comparison

The current URA Sharpe Ratio is 1.23, which is lower than the COPP Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of URA 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

	URA	COPP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	2.62	-1.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.05	1.11	-1.16

Drawdowns

URA vs. COPP - Drawdown Comparison

The maximum URA drawdown since its inception was -93.54%, which is greater than COPP's maximum drawdown of -44.37%. Use the drawdown chart below to compare losses from any high point for URA and COPP.

Drawdown Indicators

	URA	COPP	Difference
Max Drawdown Largest peak-to-trough decline	-93.54%	-44.37%	-49.17%
Max Drawdown (1Y) Largest decline over 1 year	-28.43%	-28.91%	+0.48%
Max Drawdown (3Y) Largest decline over 3 years	-37.81%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-37.90%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-61.45%	—	—
Current Drawdown Current decline from peak	-42.81%	-3.50%	-39.31%
Average Drawdown Average peak-to-trough decline	-75.01%	-14.02%	-60.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.40%	8.35%	+5.05%

Volatility

URA vs. COPP - Volatility Comparison

Global X Uranium ETF (URA) and Sprott Copper Miners ETF (COPP) have volatilities of 15.94% and 15.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URA	COPP	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.94%	15.22%	+0.72%
Volatility (6M) Calculated over the trailing 6-month period	38.29%	36.30%	+1.99%
Volatility (1Y) Calculated over the trailing 1-year period	50.19%	42.84%	+7.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.62%	40.80%	+2.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.73%	40.80%	-3.07%

URA vs. COPP - Expense Ratio Comparison

URA has a 0.69% expense ratio, which is higher than COPP's 0.65% expense ratio.

Dividends

URA vs. COPP - Dividend Comparison

URA's dividend yield for the trailing twelve months is around 4.14%, more than COPP's 1.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COPP Sprott Copper Miners ETF	1.87%	2.37%	2.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
URA Global X Uranium ETF	4.14%	4.88%	2.86%	6.07%	0.76%	5.84%	1.69%	1.66%	0.44%	2.03%	7.28%	1.96%

Frequently Asked Questions

Can I hold both URA and COPP in my portfolio?

URA and COPP have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, URA or COPP?

URA has higher volatility (15.94%) compared to COPP (15.22%). In terms of maximum drawdown, URA dropped -93.54% vs COPP's -44.37%.

Which ETF is better, URA or COPP?

On 1-year performance, COPP leads with 111.49% vs 61.26% for URA. On fees, COPP is cheaper at 0.65% per year. On volatility, COPP has been the lower-risk option at 15.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, URA or COPP?

Over the 1-year period, COPP has performed better with a 111.49% return vs 61.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, URA or COPP?

COPP is cheaper with a 0.65% expense ratio, compared with 0.69% for URA.

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

URA has the higher dividend yield at 4.14%, compared with 1.87% for COPP.

What is the main difference between URA and COPP?

URA tracks Solactive Global Uranium & Nuclear Components Total Return Index, while COPP tracks Nasdaq Sprott Copper Miners Index. They also come from different issuers: Global X and Sprott. Their fees differ too: 0.69% for URA and 0.65% for COPP.

Which has better risk-adjusted returns?

COPP currently has the higher Sharpe Ratio (2.62 vs 1.23), 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.