COPP vs SPY
Sprott Copper Miners ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, COPP or SPY?
Commodities against Large Cap Blend.
SPY has a lower expense ratio. COPP led over 1Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 75.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | COPP | SPY |
|---|---|---|
| Expense Ratio | 0.66% | 0.09%Best |
| AUM | $293M | $804.7B |
| Dividend Yield | 2.14% | 0.98% |
| Holdings | 81 | 505 |
| YTD Return | +21.69%Best | +12.99% |
| 1Y Return | +64.93%Best | +16.73% |
| 3Y Return (annualized) | - | +22.52% |
| 5Y Return (annualized) | - | +13.07% |
| Volatility (annualized) | 31.1% | 12.1%Best |
| Max Drawdown | -43.1% | -18.8%Best |
| $10,000 over 2.5 years | $22,567Best | $15,386 |
| Top 10 Weight | 75.4% | 37.8%Best |
| Fund Family | Sprott ETFS | State Street Investment Management |
| Category | Commodity | Equity |
| Style | Commodities | Large Cap Blend |
| Inception | Mar 5, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Mar 6, 2024 to Sep 23, 2026 (2.5 years).
COPP vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.5 years both funds cover.
COPP vs SPY Performance
Sprott Copper Miners ETF (COPP) is an ETF from Sprott ETFS and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year COPP returned +64.93% while SPY returned +16.73%. Year to date, COPP is up 21.69% versus a gain of 12.99% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
COPP has been the more volatile fund, with annualized monthly volatility of 31.1% compared with 12.1% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -43.1% for COPP and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.37. They move together some of the time, and apart the rest.
Fees and Cost Over Time
COPP charges 0.66% per year while SPY charges 0.09%. On a $10,000 position that is $66 vs $9 annually, a gap of $57 per year that compounds over a long holding period. On income, COPP currently yields 2.14% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 80 holdings in COPP and 504 in SPY, totalling 100.1% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 80 positions we hold weights for in COPP and 504 in SPY, against full books of 81 and 505.
What only one of them owns
Our book lists 497 positions for SPY that do not appear in our book for COPP (99.3% of the fund), and 8 for COPP that do not appear in SPY (32.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of COPP and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, COPP or SPY?
COPP has an expense ratio of 0.66% while SPY charges 0.09%. SPY is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, COPP or SPY?
Over the past year COPP returned +64.93% vs +16.73% for SPY, so COPP leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, COPP or SPY?
COPP has been the more volatile fund at 31.1% annualized versus 12.1% for SPY. Worst drawdown: COPP -43.1% vs SPY -18.8%.
Should I hold both COPP and SPY?
COPP and SPY have a monthly-return correlation of 0.37, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, COPP or SPY?
COPP yields 2.14% while SPY yields 0.98%, so COPP currently pays the higher dividend yield.
Is SPY better than COPP?
SPY has a lower expense ratio. COPP led over 1Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 75.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.