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ZMT.TO vs. COPP
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ZMT.TO vs. COPP

Last updated Apr 1, 2026

Compare and contrast key facts about BMO S&P/TSX Equal Weight Global Base Metals (CAD Hedged) (ZMT.TO) and Sprott Copper Miners ETF (COPP).

ZMT.TO and COPP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZMT.TO is a passively managed fund by BMO that tracks the performance of the Solactive Equal Weight Global Base Metals Index Canadian Dollar Hedged. It was launched on Oct 20, 2009. COPP is a passively managed fund by Sprott that tracks the performance of the Nasdaq Sprott Copper Miners Index - Benchmark TR Net. It was launched on Mar 4, 2024. Both ZMT.TO and COPP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ZMT.TO vs. COPP - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO S&P/TSX Equal Weight Global Base Metals (CAD Hedged) (ZMT.TO) and Sprott Copper Miners ETF (COPP). The values are adjusted to include any dividend payments, if applicable.

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ZMT.TO vs. COPP - Yearly Performance Comparison

2026 (YTD)20252024
ZMT.TO
BMO S&P/TSX Equal Weight Global Base Metals (CAD Hedged)		9.48%63.17%16.63%
COPP
Sprott Copper Miners ETF		4.00%66.03%10.86%
Different Trading Currencies

ZMT.TO is traded in CAD, while COPP is traded in USD. To make them comparable, the COPP values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ZMT.TO achieves a 9.48% return, which is significantly higher than COPP's 4.00% return.

ZMT.TO

1D
7.64%
1M
-13.72%
YTD
9.48%
6M
27.57%
1Y
85.63%
3Y*
28.28%
5Y*
16.96%
10Y*
15.66%

COPP

1D
9.08%
1M
-17.12%
YTD
4.00%
6M
29.34%
1Y
79.83%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BMO S&P/TSX Equal Weight Global Base Metals (CAD Hedged)

Sprott Copper Miners ETF

Often compared with ZMT.TO:
ZMT.TO vs. XBM.TOZMT.TO vs. COPXZMT.TO vs. REMXZMT.TO vs. ZGD.TOZMT.TO vs. SETMZMT.TO vs. SPYZMT.TO vs. ZEB.TO
Often compared with COPP:
COPP vs. COPXCOPP vs. CPERCOPP vs. ICOPCOPP vs. COPJCOPP vs. SCCOCOPP vs. VOOCOPP vs. SLVP

ZMT.TO vs. COPP - Expense Ratio Comparison

ZMT.TO has a 0.61% expense ratio, which is lower than COPP's 0.65% expense ratio.

COPP
Sprott Copper Miners ETF
ZMT.TO
BMO S&P/TSX Equal Weight Global Base Metals (CAD Hedged)

Return for Risk

ZMT.TO vs. COPP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZMT.TO
ZMT.TO Risk / Return Rank: 9191
Overall Rank
ZMT.TO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
ZMT.TO Sortino Ratio Rank: 9191
Sortino Ratio Rank
ZMT.TO Omega Ratio Rank: 9090
Omega Ratio Rank
ZMT.TO Calmar Ratio Rank: 9393
Calmar Ratio Rank
ZMT.TO Martin Ratio Rank: 8989
Martin Ratio Rank
COPP
COPP Risk / Return Rank: 8888
Overall Rank
COPP Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
COPP Sortino Ratio Rank: 8888
Sortino Ratio Rank
COPP Omega Ratio Rank: 8585
Omega Ratio Rank
COPP Calmar Ratio Rank: 8989
Calmar Ratio Rank
COPP Martin Ratio Rank: 9090
Martin Ratio Rank
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.

ZMT.TO vs. COPP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BMO S&P/TSX Equal Weight Global Base Metals (CAD Hedged) (ZMT.TO) 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.

ZMT.TOCOPPDifference

Sharpe ratio

Return per unit of total volatility

2.12

1.86

+0.26

Sortino ratio

Return per unit of downside risk

2.66

2.31

+0.35

Omega ratio

Gain probability vs. loss probability

1.38

1.31

+0.07

Calmar ratio

Return relative to maximum drawdown

3.58

2.66

+0.92

Martin ratio

Return relative to average drawdown

11.07

10.27

+0.80

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZMT.TO vs. COPP - Sharpe Ratio Comparison

The current ZMT.TO Sharpe Ratio is 2.12, which is comparable to the COPP Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of ZMT.TO and COPP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

ZMT.TOCOPPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.12

1.86

+0.26

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.51

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.47

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.00

0.98

-0.98

Correlation

The correlation between ZMT.TO and COPP is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ZMT.TO vs. COPP - Dividend Comparison

ZMT.TO's dividend yield for the trailing twelve months is around 0.19%, less than COPP's 2.31% yield.

TTM20252024202320222021202020192018201720162015
ZMT.TO
BMO S&P/TSX Equal Weight Global Base Metals (CAD Hedged)		0.19%0.21%0.34%0.87%1.46%2.82%1.03%2.34%3.95%1.29%1.24%1.10%
COPP
Sprott Copper Miners ETF		2.31%2.37%2.59%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

ZMT.TO vs. COPP - Drawdown Comparison

The maximum ZMT.TO drawdown since its inception was -80.73%, which is greater than COPP's maximum drawdown of -41.76%. Use the drawdown chart below to compare losses from any high point for ZMT.TO and COPP.

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Drawdown Indicators

ZMT.TOCOPPDifference

Max Drawdown

Largest peak-to-trough decline

-80.73%

-44.37%

-36.36%

Max Drawdown (1Y)

Largest decline over 1 year

-23.81%

-28.91%

+5.10%

Max Drawdown (5Y)

Largest decline over 5 years

-41.01%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-67.51%

—

—

Current Drawdown

Current decline from peak

-14.38%

-19.51%

+5.13%

Average Drawdown

Average peak-to-trough decline

-43.56%

-14.33%

-29.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.70%

7.45%

+0.25%

Volatility

ZMT.TO vs. COPP - Volatility Comparison

The current volatility for BMO S&P/TSX Equal Weight Global Base Metals (CAD Hedged) (ZMT.TO) is 17.21%, while Sprott Copper Miners ETF (COPP) has a volatility of 19.59%. This indicates that ZMT.TO 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.

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Volatility by Period

ZMT.TOCOPPDifference

Volatility (1M)

Calculated over the trailing 1-month period

17.21%

19.59%

-2.38%

Volatility (6M)

Calculated over the trailing 6-month period

32.63%

33.21%

-0.58%

Volatility (1Y)

Calculated over the trailing 1-year period

40.64%

43.31%

-2.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

33.30%

38.12%

-4.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.22%

38.12%

-4.90%