Sprott Copper Miners ETF (COPP) — Stock Correlations & Overview
Over the past year, COPP has moved most closely with ICOP, COPX, COPA. Explore the stocks most correlated and inversely correlated with COPP below, along with its price, financials, and company profile.
Stocks correlated with COPP
Correlation of daily returns. Higher positive values move with COPP; negative values move opposite it. Informational only, not investment advice.
Most correlated with COPP
| Symbol | Company | Correlation |
|---|---|---|
| ICOP | iShares Copper and Metals Mining ETF | 0.97 |
| COPX | Global X Copper Miners ETF (NEW) | 0.97 |
| COPA | Themes Copper Miners ETF | 0.96 |
| PICK | iShares MSCI Global Metals & Mining Producers ETF | 0.94 |
| SCCO | Southern Copper CorporationMETAL MINING | 0.90 |
Most inversely correlated with COPP
| Symbol | Company | Correlation |
|---|---|---|
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.78 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.76 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.76 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.73 |
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.73 |
Frequently asked questions about COPP correlations
- Which stocks are most correlated with COPP?
- Based on one year of daily returns, the stocks most correlated with Sprott Copper Miners ETF (COPP) are ICOP (0.97), COPX (0.97) and COPA (0.96). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with COPP?
- Over the past year, the stocks most inversely correlated with Sprott Copper Miners ETF (COPP) are JDST (-0.78), DUST (-0.76) and GDXD (-0.76). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these COPP correlations calculated?
- We compute the correlation of daily returns between COPP and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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