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Themes Copper Miners ETF (COPA)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
US8829277834
CUSIP
882927783
Issuer
Themes
Inception Date
Sep 24, 2024
Region
Global (Global)
Leveraged
1x (No leverage)
Index Tracked
BITA Global Copper Mining Select Index
Domicile
United States
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Mid-Cap
Asset Class Style
Growth

Share Price Chart


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Themes Copper Miners ETF

Performance

COPA Performance Chart

Themes Copper Miners ETF (COPA) is up 12.4% since the beginning of the year. COPA is currently trading at $49 per share.


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S&P 500 Index

Returns By Period

Themes Copper Miners ETF (COPA) has returned 12.39% so far this year and 141.57% over the past 12 months.


Themes Copper Miners ETF

1D
1.92%
1M
9.86%
YTD
12.39%
6M
28.47%
1Y
141.57%
3Y*
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
1.02%
1M
3.83%
YTD
0.60%
6M
3.48%
1Y
28.39%
3Y*
18.51%
5Y*
10.79%
10Y*
12.71%
*Multi-year figures are annualized to reflect compound growth (CAGR)

COPA Monthly Returns History

Based on dividend-adjusted daily data since Sep 24, 2024, COPA's average daily return is +0.20%, while the average monthly return is +3.78%. At this rate, an investment would double in approximately 1.6 years.

Historically, 65% of months were positive and 35% were negative. The best month was Sep 2025 with a return of +18.4%, while the worst month was Mar 2026 at -19.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.

On a daily basis, COPA closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +10.5%, while the worst single day was Apr 4, 2025 at -10.4%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202614.84%8.95%-19.64%11.77%12.39%
2025-0.94%0.43%3.47%-3.39%9.46%11.58%-0.07%15.11%18.39%1.23%4.08%15.24%100.86%
20244.46%-6.85%-3.40%-9.14%-14.59%

Benchmark Metrics

Themes Copper Miners ETF has an annualized alpha of 40.20%, beta of 1.20, and R² of 0.30 versus S&P 500 Index. Calculated based on daily prices since September 25, 2024.

  • This ETF captured 286.95% of S&P 500 Index gains but only 87.95% of its losses — a favorable profile for investors.
  • R² of 0.30 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
40.20%
Beta
1.20
0.30
Upside Capture
286.95%
Downside Capture
87.95%

Expense Ratio

COPA has an expense ratio of 0.35%, placing it in the medium range.


Return for Risk

Risk / Return Rank

COPA ranks 87 for risk / return — in the top 87% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.


COPA Risk / Return Rank: 8787
Overall Rank
COPA Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
COPA Sortino Ratio Rank: 8181
Sortino Ratio Rank
COPA Omega Ratio Rank: 8282
Omega Ratio Rank
COPA Calmar Ratio Rank: 8787
Calmar Ratio Rank
COPA Martin Ratio Rank: 8787
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Themes Copper Miners ETF (COPA) and compare them to a chosen benchmark (S&P 500 Index).


COPABenchmarkDifference

Sharpe ratio

Return per unit of total volatility

3.96

2.17

+1.79

Sortino ratio

Return per unit of downside risk

4.02

3.02

+1.00

Omega ratio

Gain probability vs. loss probability

1.55

1.41

+0.15

Calmar ratio

Return relative to maximum drawdown

5.29

2.88

+2.41

Martin ratio

Return relative to average drawdown

19.94

13.00

+6.94

Explore COPA risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

Themes Copper Miners ETF provided a 3.79% dividend yield over the last twelve months, with an annual payout of $1.84 per share.


1.00%1.50%2.00%2.50%3.00%3.50%4.00%4.50%$0.00$0.50$1.00$1.50$2.0020242025
Dividends
Dividend Yield
PeriodTTM20252024
Dividend$1.84$1.84$0.30

Dividend yield

3.79%4.26%1.33%

Monthly Dividends

The table displays the monthly dividend distributions for Themes Copper Miners ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.00$0.00$0.00
2025$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.84$1.84
2024$0.30$0.30

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Themes Copper Miners ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Themes Copper Miners ETF was 34.72%, occurring on Apr 8, 2025. Recovery took 58 trading sessions.

The current Themes Copper Miners ETF drawdown is 11.41%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-34.72%Oct 8, 2024125Apr 8, 202558Jul 2, 2025183
-28.05%Jan 30, 202635Mar 20, 2026
-11.11%Oct 14, 202516Nov 4, 202518Dec 1, 202534
-6.74%Jul 23, 20256Jul 30, 20259Aug 12, 202515
-5.05%Oct 9, 20252Oct 10, 20251Oct 13, 20253

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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