COPA vs. BOTT

Last updated Aug 1, 2026

COPA (Themes Copper Miners ETF) and BOTT (Themes Humanoid Robotics ETF) are both exchange-traded funds - COPA is a Copper fund tracking the BITA Global Copper Mining Select Index, while BOTT is a Robotics fund tracking the Solactive Global Humanoid Robotics Index. Both are passively managed. Over the past year, COPA returned 84.28% vs 30.32% for BOTT. Their 0.51 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.35% expense ratio.

Performance

COPA vs. BOTT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Copper Miners ETF (COPA) and Themes Humanoid Robotics ETF (BOTT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COPA achieves a 11.16% return, which is significantly higher than BOTT's -3.52% return.

COPA

• 1D: -0.94%
• 1M: -0.53%
• 6M: -3.21%
• YTD: 11.16%
• 1Y: 84.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 43.07%

BOTT

• 1D: 2.78%
• 1M: -15.62%
• 6M: -26.88%
• YTD: -3.52%
• 1Y: 30.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 25.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BOTT Themes Humanoid Robotics ETF	$821.19K	$930.14K	$1.58M
COPA Themes Copper Miners ETF	$170.90K	$146.89K	$167.00K

COPA vs. BOTT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
COPA Themes Copper Miners ETF	11.16%	100.86%	-13.18%
BOTT Themes Humanoid Robotics ETF	-3.52%	55.56%	2.37%

Correlation

The correlation between COPA and BOTT is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.54
Correlation (All Time) Calculated using the full available price history since Sep 24, 2024	0.51

The correlation between COPA and BOTT has been stable across timeframes, ranging from 0.51 to 0.54 - a consistent structural relationship.

Return for Risk

COPA vs. BOTT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

COPA

COPA Risk / Return Rank: 76
COPA Sharpe Ratio Rank: 84
COPA Sortino Ratio Rank: 74
COPA Omega Ratio Rank: 73
COPA Calmar Ratio Rank: 82
COPA Martin Ratio Rank: 69

BOTT

BOTT Risk / Return Rank: 27
BOTT Sharpe Ratio Rank: 28
BOTT Sortino Ratio Rank: 32
BOTT Omega Ratio Rank: 29
BOTT Calmar Ratio Rank: 24
BOTT Martin Ratio Rank: 24

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

COPA vs. BOTT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Copper Miners ETF (COPA) and Themes Humanoid Robotics ETF (BOTT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	COPA	BOTT	Difference
Sharpe ratio: Return per unit of total volatility	1.96	0.68	+1.28
Sortino ratio: Return per unit of downside risk	2.39	1.21	+1.19
Omega ratio: Gain probability vs. loss probability	1.31	1.14	+0.17
Calmar ratio: Return relative to maximum drawdown	3.01	0.73	+2.28
Martin ratio: Return relative to average drawdown	8.50	1.79	+6.71

COPA vs. BOTT - Sharpe Ratio Comparison

The current COPA Sharpe Ratio is 1.96, which is higher than the BOTT Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of COPA and BOTT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

COPA vs. BOTT - Drawdown Comparison

The maximum COPA drawdown since its inception was -34.72%, smaller than the maximum BOTT drawdown of -38.54%. Use the drawdown chart below to compare losses from any high point for COPA and BOTT.

Drawdown Indicators

	COPA	BOTT	Difference
Max Drawdown Largest peak-to-trough decline	-34.72%	-38.54%	+3.82%
Max Drawdown (1Y) Largest decline over 1 year	-28.05%	-38.54%	+10.49%
Current Drawdown Current decline from peak	-13.95%	-35.43%	+21.48%
Average Drawdown Average peak-to-trough decline	-9.86%	-8.13%	-1.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.91%	15.74%	-5.83%

Volatility

COPA vs. BOTT - Volatility Comparison

The current volatility for Themes Copper Miners ETF (COPA) is 13.70%, while Themes Humanoid Robotics ETF (BOTT) has a volatility of 14.47%. This indicates that COPA experiences smaller price fluctuations and is considered to be less risky than BOTT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COPA	BOTT	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.70%	14.47%	-0.77%
Volatility (6M) Calculated over the trailing 6-month period	37.15%	30.87%	+6.28%
Volatility (1Y) Calculated over the trailing 1-year period	43.10%	41.62%	+1.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.58%	34.71%	+4.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.58%	34.71%	+4.87%

COPA vs. BOTT - Expense Ratio Comparison

Both COPA and BOTT have an expense ratio of 0.35%.

Dividends

COPA vs. BOTT - Dividend Comparison

COPA's dividend yield for the trailing twelve months is around 3.83%, more than BOTT's 0.14% yield.

Position	TTM	2025	2024
BOTT Themes Humanoid Robotics ETF	0.14%	0.14%	1.74%
COPA Themes Copper Miners ETF	3.83%	4.26%	1.33%

Frequently Asked Questions

Can I hold both COPA and BOTT in my portfolio?

COPA and BOTT have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COPA or BOTT?

BOTT has higher volatility (14.47%) compared to COPA (13.70%). In terms of maximum drawdown, COPA dropped -34.72% vs BOTT's -38.54%.

Which ETF is better, COPA or BOTT?

On 1-year performance, COPA leads with 84.28% vs 30.32% for BOTT. Both ETFs have the same 0.35% expense ratio. On volatility, COPA has been the lower-risk option at 13.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COPA or BOTT?

Over the 1-year period, COPA has performed better with a 84.28% return vs 30.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COPA or BOTT?

COPA and BOTT have the same expense ratio: 0.35% per year.

Which ETF pays a higher dividend yield, COPA or BOTT?

COPA has the higher dividend yield at 3.83%, compared with 0.14% for BOTT.

What is the main difference between COPA and BOTT?

COPA is categorized as Copper, while BOTT is Robotics. COPA tracks BITA Global Copper Mining Select Index, while BOTT tracks Solactive Global Humanoid Robotics Index.

Which has better risk-adjusted returns?

COPA currently has the higher Sharpe Ratio (1.96 vs 0.68), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.