COPP vs SPY
Sprott Copper Miners ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. COPP delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | COPP | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.09% | |
| AUM | $262M | $789.1B | |
| Dividend Yield | 2.14% | 1.01% | |
| Holdings | 62 | 505 | |
| YTD Return | +22.71% | +13.75% | |
| 1Y Return | +96.26% | +22.91% | |
| 3Y Return (annualized) | - | +21.67% | |
| 5Y Return (annualized) | - | +13.32% | |
| Volatility (annualized) | 30.7% | 15.3% | |
| Max Drawdown | -43.1% | -56.5% | |
| Fund Family | Sprott ETFS | State Street Investment Management | |
| Category | Commodity | Equity | |
| Inception | Mar 5, 2024 | Jan 22, 1993 |
COPP vs SPY Performance
Sprott Copper Miners ETF (COPP) is a ETF from Sprott ETFS and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year COPP returned +96.26% while SPY returned +22.91%. Year to date, COPP is up 22.71% versus a gain of 13.75% for SPY.
Risk: Volatility and Drawdowns
COPP has been the more volatile fund, with annualized monthly volatility of 30.7% compared with 15.3% 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 -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.38. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
COPP charges 0.65% per year while SPY charges 0.09%. On a $10,000 position that is $65 vs $9 annually, a gap of $56 per year that compounds over a long holding period. On income, COPP currently yields 2.14% against 1.01% for SPY.
Holdings Overlap
COPP and SPY share 0 holdings out of 564 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, COPP or SPY?
COPP has an expense ratio of 0.65% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, COPP or SPY?
Over the past year COPP returned +96.26% vs +22.91% for SPY, so COPP leads on 1-year performance. Over the longest common window we track (2 years), COPP annualized +41.22% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, COPP or SPY?
COPP has been the more volatile fund at 30.7% annualized versus 15.3% for SPY. Worst drawdown: COPP -43.1% vs SPY -56.5%.
Should I hold both COPP and SPY?
COPP and SPY have a monthly-return correlation of 0.38, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between COPP and SPY?
COPP and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 564 unique securities.
Which pays a higher dividend, COPP or SPY?
COPP yields 2.14% while SPY yields 1.01%, so COPP currently pays the higher dividend yield.
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