COPP vs WRND

COPPDSprott Copper Miners ETF

WRNDBNYLI Global Equity R&D Leaders ETF

In short

COPP Copper's electrification story played through the shovels, not the metal. COPP indexes roughly 80 miners worldwide, the broad half of Sprott's two-lane copper shelf.

WRND Most innovation funds sell you a story. WRND buys receipts: roughly 200 companies worldwide picked on what they actually spend on R&D and whether that spending earns a return, at a fee well under the thematic norm.

Stated mandate

COPP The fund seeks, before fees and expenses, to generally match the total-return performance of the Nasdaq Sprott Copper MinersTM Index.

WRND The Fund seeks to track, before fees and expenses, the price and yield performance of the IQ Global Equity R&D Leaders Index. Its passive strategy targets innovative companies worldwide based on high research and development spending.

Why people hold it

• COPP Rules-based, not stock-picked: it tracks the Nasdaq Sprott Copper Miners Index across roughly 80 miners globally.sprott.com
• At 0.66%, it prices right at the middle of the copper-miner shelf. No surcharge for the specialist wrapper.
• Sprott runs copper in two lanes: COPP for the broad miner index, COPJ for the juniors. You pick the risk end instead of taking a blend.

• WRND 0.18% a year against a 0.56% median for its global thematic peers. Innovation exposure without the boutique markup.newyorklifeinvestments.com
• Selection leans on the income statement: R&D intensity paired with return on invested capital, favoring firms that turn research budgets into results.newyorklifeinvestments.com
• Roughly 200 names from a global universe, one of three R&D-screened funds New York Life launched in 2022 rather than a one-off experiment.businesswire.com

Worth knowing

• COPP It launched in 2024, so the track record does not yet cover a full copper cycle.
• Cheaper doors into the theme exist: ICOP lists at 0.47% and COPX at 0.65%.
• One metal, one sector: it rises and falls with copper miners, and cash comes back once or twice a year at most, not monthly.

• WRND Small and lightly traded, so bid/ask spreads tend to run wider than on mainstream global index funds.
• Weighting by R&D dollars, with a cap on any single position, tilts the book toward the world's largest research spenders.businesswire.cometfstrategy.com
• Distributions arrive quarterly, but income isn't the mandate; the index screens on research spending, not payouts.

Full COPP profile⁠

Full WRND profile⁠