COPA vs. KCOP

Last updated Jun 25, 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 0.94 suggests significant overlap in exposure. 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: -4.21%
• 1M: -5.04%
• YTD: 9.18%
• 6M: 10.29%
• 1Y: 89.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KCOP

• 1D: -4.54%
• 1M: -9.08%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COPA vs. KCOP - Yearly Performance Comparison

	2026 (YTD)
COPA Themes Copper Miners ETF	-5.27%
KCOP Kurv Copper & Mining Enhanced Income ETF	-8.80%

Correlation

The correlation between COPA and KCOP is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 13, 2026	0.94

Return for Risk

COPA vs. KCOP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COPA

COPA Risk / Return Rank: 68
COPA Sharpe Ratio Rank: 77
COPA Sortino Ratio Rank: 63
COPA Omega Ratio Rank: 63
COPA Calmar Ratio Rank: 73
COPA Martin Ratio Rank: 65

KCOP

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

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.

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	2.15	—	—
Sortino ratio: Return per unit of downside risk	2.54	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	3.21	—	—
Martin ratio: Return relative to average drawdown	10.33	—	—

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	-15.48%	-16.58%	+1.10%
Average Drawdown Average peak-to-trough decline	-9.56%	-8.51%	-1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.69%	—	—

Volatility

Volatility by Period

	COPA	KCOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.01%	—	—
Volatility (6M) Calculated over the trailing 6-month period	36.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	41.91%	44.63%	-2.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.37%	44.63%	-5.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.37%	44.63%	-5.26%

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 3.90%, less than KCOP's 5.54% yield.

Position	TTM	2025	2024
COPA Themes Copper Miners ETF	3.90%	4.26%	1.33%
KCOP Kurv Copper & Mining Enhanced Income ETF	5.54%	0.00%	0.00%

Frequently Asked Questions

Can I hold both COPA and KCOP in my portfolio?

With a correlation of 0.94, 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 5.54%, compared with 3.90% 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.