COPA vs. URA
COPA (Themes Copper Miners ETF) and URA (Global X Uranium ETF) are both exchange-traded funds - COPA is a Copper fund tracking the BITA Global Copper Mining Select Index, while URA is a Uranium fund tracking the Solactive Global Uranium & Nuclear Components Total Return Index. Both are passively managed. Over the past year, COPA returned 84.28% vs 7.10% for URA. Their 0.56 correlation means they have sometimes moved together and sometimes differently. COPA charges 0.35%/yr vs 0.69%/yr for URA.
Performance
COPA vs. URA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, COPA achieves a 11.16% return, which is significantly higher than URA's -8.57% return.
COPA
- 1D
- -0.94%
- 1M
- -0.53%
- 6M
- -3.21%
- YTD
- 11.16%
- 1Y
- 84.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 43.07%
URA
- 1D
- -1.64%
- 1M
- -9.62%
- 6M
- -28.95%
- YTD
- -8.57%
- 1Y
- 7.10%
- 3Y*
- 25.57%
- 5Y*
- 18.90%
- 10Y*
- 14.85%
- ALL TIME*
- -3.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $170.90K | $146.89K | $167.00K | |
| $122.45M | $118.35M | $170.14M |
COPA vs. URA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
COPA Themes Copper Miners ETF | 11.16% | 100.86% | -13.18% |
URA Global X Uranium ETF | -8.57% | 67.18% | -1.77% |
Correlation
The correlation between COPA and URA is 0.64, 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. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2024 | 0.56 |
The correlation between COPA and URA has been stable across timeframes, ranging from 0.56 to 0.64 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
COPA vs. URA — Risk / Return Rank
COPA
URA
COPA vs. URA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes Copper Miners ETF (COPA) and Global X Uranium ETF (URA). 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 | URA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.06 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 0.10 | +2.91 |
| Martin ratioReturn relative to average drawdown | 8.50 | 0.22 | +8.28 |
Loading charts...
Drawdowns
COPA vs. URA - Drawdown Comparison
The maximum COPA drawdown since its inception was -34.72%, smaller than the maximum URA drawdown of -93.54%. Use the drawdown chart below to compare losses from any high point for COPA and URA.
Loading charts...
Drawdown Indicators
| COPA | URA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.72% | -93.54% | +58.82% |
Max Drawdown (1Y)Largest decline over 1 year | -28.05% | -39.30% | +11.25% |
Max Drawdown (3Y)Largest decline over 3 years | — | -39.30% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -39.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.45% | — |
Current DrawdownCurrent decline from peak | -13.95% | -55.66% | +41.71% |
Average DrawdownAverage peak-to-trough decline | -9.86% | -74.75% | +64.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.91% | 18.11% | -8.20% |
Volatility
COPA vs. URA - Volatility Comparison
Themes Copper Miners ETF (COPA) and Global X Uranium ETF (URA) have volatilities of 13.70% and 13.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| COPA | URA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.70% | 13.54% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 37.15% | 38.35% | -1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.10% | 52.24% | -9.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.58% | 44.10% | -4.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.58% | 38.10% | +1.48% |
COPA vs. URA - Expense Ratio Comparison
COPA has a 0.35% expense ratio, which is lower than URA's 0.69% expense ratio.
Dividends
COPA vs. URA - Dividend Comparison
COPA's dividend yield for the trailing twelve months is around 3.83%, less than URA's 5.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COPA Themes Copper Miners ETF | 3.83% | 4.26% | 1.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
URA Global X Uranium ETF | 5.33% | 4.88% | 2.86% | 6.07% | 0.76% | 5.84% | 1.69% | 1.66% | 0.44% | 2.03% | 7.28% | 1.96% |
Frequently Asked Questions
COPA and URA have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COPA has higher volatility (13.70%) compared to URA (13.54%). In terms of maximum drawdown, COPA dropped -34.72% vs URA's -93.54%.
On 1-year performance, COPA leads with 84.28% vs 7.10% for URA. On fees, COPA is cheaper at 0.35% per year. On volatility, URA has been the lower-risk option at 13.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, COPA has performed better with a 84.28% return vs 7.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
COPA is cheaper with a 0.35% expense ratio, compared with 0.69% for URA.
URA has the higher dividend yield at 5.33%, compared with 3.83% for COPA.
COPA is categorized as Copper, while URA is Uranium. COPA tracks BITA Global Copper Mining Select Index, while URA tracks Solactive Global Uranium & Nuclear Components Total Return Index. They also come from different issuers: Themes and Global X. Their fees differ too: 0.35% for COPA and 0.69% for URA.
COPA currently has the higher Sharpe Ratio (1.96 vs 0.08), 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.
Find the right allocation for COPA and URA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer