A side-by-side comparison of BMO S&P/TSX Equal Weight Global Base Metals (CAD Hedged) (ZMT) and Global X Copper Producers Index ETF (COPP) to help Canadian investors make an informed decision.
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1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | ZMT | COPP |
|---|---|---|
| YTD Return | +39.95%✓ | +29.16% |
| 1-Day Change | +2.80% | +4.20%✓ |
| 1-Week Change | +9.34% | +11.43%✓ |
| 1-Month Change | +18.17%✓ | +25.89% |
| Current Price | $153.57 | $68.65 |
| AUM | $85M | $199M✓ |
| MER (Expense Ratio) | 0% | 0% |
| Dividend Yield | 0.17% | 0.17% |
| Distribution Frequency | Annually | Annually |
| Inception Date | 2009-10-20 | 2022-05-16 |
| Holdings Count | 10 | 10 |
| MorningStar Rating | ★★ | ★★ |
| Category | Natural Resources Equity | Natural Resources Equity |
| Beta | 0.89 | 1.16 |
| 52-Week High | $153.63 | $70.54 |
| 52-Week Low | $70.66 | $31.95 |
| 50-Day MA | $129.02 | $57.29 |
| 200-Day MA | $110.58 | $51.37 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ZMT | COPP |
|---|---|---|
| YTD | +39.95%✓ | +29.16% |
| 1 Year | +109.14%✓ | +104.50% |
| 3 Year | +42.89%✓ | +37.83% |
| 5 Year | +20.26% | — |
| 10 Year | +17.78% | — |
| 1Y Volatility | 29.13% | 36.72% |
| Sharpe Ratio (3Y) | 1.29 | 1.03 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | NDM | Northern Dynasty Minerals Ltd | 3.61% |
| 2 | KALU | Kaiser Aluminum Corporation | 3.34% |
| 3 | CSTM | Constellium Nv | 3.09% |
| 4 | NEXA | Nexa Resources SA | 3.09% |
| 5 | OM | Osisko Metals Incorporated | 2.98% |
| 6 | LXFR | Luxfer Holdings PLC | 2.82% |
| 7 | NB | NioCorp Developments Ltd. Common Stock | 2.77% |
| 8 | MLI | Mueller Industries Inc | 2.75% |
| 9 | TECK-B | Teck Resources Limited | 2.64% |
| 10 | CENX | Century Aluminum Company | 2.61% |
| 1 | TECK-B | Teck Resources Limited | 11.50% |
| 2 | FCX | Freeport-McMoran Copper & Gold Inc | 11.12% |
| 3 | LUN | Lundin Mining Corporation | 11.09% |
| 4 | SCCO | Southern Copper Corporation | 10.71% |
| 5 | FM | First Quantum Minerals Ltd | 9.26% |
| 6 | HBM | HudBay Minerals Inc | 7.66% |
| 7 | IVN | Ivanhoe Mines Ltd. | 7.16% |
| 8 | BHP | BHP Group Limited | 5.67% |
| 9 | RIO | Rio Tinto ADR | 5.53% |
| 10 | CS | Capstone Mining Corp | 5.32% |
Sector Weights
| Sector | ZMT | COPP |
|---|---|---|
| Basic Materials | 89.50% | 100.00% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 10.50% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About ZMT
BMO S&P/TSX Equal Weight Global Base Metals (CAD Hedged) (ZMT.TO) is a Canadian-listed ETF traded on the Toronto Stock Exchange. More detailed information will be available soon.
About COPP
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Which ETF is Right for You?
Both ZMT and COPP are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
ZMT and COPP are closely matched on the metrics we track. The right choice depends on your individual investment goals, tax situation, and time horizon.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between ZMT and COPP?
ZMT (BMO S&P/TSX Equal Weight Global Base Metals (CAD Hedged)) and COPP (Global X Copper Producers Index ETF) are both Canadian-listed ETFs. Key differences include their AUM ($85M vs $199M), dividend yield (0.17% vs 0.17%), and year-to-date performance (+39.95% vs +29.16%).
Is ZMT better than COPP?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, ZMT has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy ZMT and COPP on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both ZMT and COPP should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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