COPA vs. KCOP

Last updated Aug 4, 2026

COPA (Themes Copper Miners ETF) and KCOP (Kurv Copper & Mining Enhanced Income ETF) are both Copper funds. COPA is passively managed, while KCOP is actively managed. Their correlation of 0.95 means they have usually moved in the same direction. COPA charges 0.35%/yr vs 0.99%/yr for KCOP.

Performance

COPA vs. KCOP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Copper Miners ETF (COPA) and Kurv Copper & Mining Enhanced Income ETF (KCOP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

COPA

• 1D: 0.58%
• 1M: 0.04%
• 6M: -1.55%
• YTD: 11.80%
• 1Y: 85.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 43.28%

KCOP

• 1D: 0.67%
• 1M: 5.28%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
COPA Themes Copper Miners ETF	$160.04K	$142.88K	$165.97K
KCOP Kurv Copper & Mining Enhanced Income ETF	$264.23K	$315.41K	$551.18K

COPA vs. KCOP - Yearly Performance Comparison

	2026 (YTD)
COPA Themes Copper Miners ETF	-2.99%
KCOP Kurv Copper & Mining Enhanced Income ETF	-1.68%

Correlation

The correlation between COPA and KCOP is 0.95, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 13, 2026	0.95

Return for Risk

COPA vs. KCOP — Risk / Return Rank

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

COPA

COPA Risk / Return Rank: 72
COPA Sharpe Ratio Rank: 80
COPA Sortino Ratio Rank: 68
COPA Omega Ratio Rank: 67
COPA Calmar Ratio Rank: 79
COPA Martin Ratio Rank: 66

KCOP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. KCOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Copper Miners ETF (COPA) and Kurv Copper & Mining Enhanced Income ETF (KCOP). 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	KCOP	Difference
Sharpe ratio: Return per unit of total volatility	1.99	—	—
Sortino ratio: Return per unit of downside risk	2.42	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	3.06	—	—
Martin ratio: Return relative to average drawdown	8.61	—	—

Drawdowns

COPA vs. KCOP - Drawdown Comparison

The maximum COPA drawdown since its inception was -34.72%, which is greater than KCOP's maximum drawdown of -21.55%. Use the drawdown chart below to compare losses from any high point for COPA and KCOP.

Drawdown Indicators

	COPA	KCOP	Difference
Max Drawdown Largest peak-to-trough decline	-34.72%	-21.55%	-13.17%
Max Drawdown (1Y) Largest decline over 1 year	-28.05%	—	—
Current Drawdown Current decline from peak	-13.45%	-10.06%	-3.39%
Average Drawdown Average peak-to-trough decline	-9.87%	-9.65%	-0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.94%	—	—

Volatility

Volatility by Period

	COPA	KCOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.64%	—	—
Volatility (6M) Calculated over the trailing 6-month period	35.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	43.18%	42.25%	+0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.53%	42.25%	-2.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.53%	42.25%	-2.72%

COPA vs. KCOP - Expense Ratio Comparison

COPA has a 0.35% expense ratio, which is lower than KCOP's 0.99% expense ratio.

Dividends

COPA vs. KCOP - Dividend Comparison

COPA's dividend yield for the trailing twelve months is around 3.81%, less than KCOP's 6.51% yield.

Position	TTM	2025	2024
COPA Themes Copper Miners ETF	3.81%	4.26%	1.33%
KCOP Kurv Copper & Mining Enhanced Income ETF	6.51%	0.00%	0.00%

Frequently Asked Questions

Can I hold both COPA and KCOP in my portfolio?

With a correlation of 0.95, COPA and KCOP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, COPA or KCOP?

On fees, COPA is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COPA or KCOP?

COPA is cheaper with a 0.35% expense ratio, compared with 0.99% for KCOP.

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

KCOP has the higher dividend yield at 6.51%, compared with 3.81% for COPA.

What is the main difference between COPA and KCOP?

They also come from different issuers: Themes and Kurv. Their fees differ too: 0.35% for COPA and 0.99% for KCOP.