COPA vs. TURF
COPA (Themes Copper Miners ETF) and TURF (T. Rowe Price Natural Resources ETF) are both Commodity Producers Equities funds. A 0.67 correlation means they provide meaningful diversification when combined. COPA charges 0.35%/yr vs 0.44%/yr for TURF.
Performance
COPA vs. TURF - Performance Comparison
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Returns By Period
In the year-to-date period, COPA achieves a 25.73% return, which is significantly higher than TURF's 19.55% return.
COPA
- 1D
- -2.67%
- 1M
- 19.35%
- YTD
- 25.73%
- 6M
- 38.86%
- 1Y
- 125.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TURF
- 1D
- -0.82%
- 1M
- 0.33%
- YTD
- 19.55%
- 6M
- 22.12%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COPA vs. TURF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
COPA Themes Copper Miners ETF | 25.73% | 73.47% |
TURF T. Rowe Price Natural Resources ETF | 19.55% | 17.05% |
Correlation
The correlation between COPA and TURF is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025 | 0.67 |
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Return for Risk
COPA vs. TURF — Risk / Return Rank
COPA
TURF
COPA vs. TURF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes Copper Miners ETF (COPA) and T. Rowe Price Natural Resources ETF (TURF). 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.
| COPA | TURF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.46 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.52 | — | — |
| Martin ratioReturn relative to average drawdown | 15.06 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| COPA | TURF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.25 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.53 | 2.52 | -0.99 |
Drawdowns
COPA vs. TURF - Drawdown Comparison
The maximum COPA drawdown since its inception was -34.72%, which is greater than TURF's maximum drawdown of -6.84%. Use the drawdown chart below to compare losses from any high point for COPA and TURF.
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Drawdown Indicators
| COPA | TURF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.72% | -6.84% | -27.88% |
Max Drawdown (1Y)Largest decline over 1 year | -28.05% | — | — |
Current DrawdownCurrent decline from peak | -2.67% | -2.54% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -9.62% | -1.53% | -8.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.39% | — | — |
Volatility
COPA vs. TURF - Volatility Comparison
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Volatility by Period
| COPA | TURF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.11% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 33.12% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 38.98% | 16.50% | +22.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.12% | 16.50% | +21.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.12% | 16.50% | +21.62% |
COPA vs. TURF - Expense Ratio Comparison
COPA has a 0.35% expense ratio, which is lower than TURF's 0.44% expense ratio.
Dividends
COPA vs. TURF - Dividend Comparison
COPA's dividend yield for the trailing twelve months is around 3.39%, more than TURF's 1.25% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
COPA Themes Copper Miners ETF | 3.39% | 4.26% | 1.33% |
TURF T. Rowe Price Natural Resources ETF | 1.25% | 1.49% | 0.00% |
Frequently Asked Questions
COPA and TURF have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
COPA is cheaper with a 0.35% expense ratio, compared with 0.44% for TURF.
COPA has the higher dividend yield at 3.39%, compared with 1.25% for TURF.
They also come from different issuers: Themes and T. Rowe Price. Their fees differ too: 0.35% for COPA and 0.44% for TURF.
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