CSNR vs. COPA
CSNR (Cohen & Steers Natural Resources Active ETF) and COPA (Themes Copper Miners ETF) are both exchange-traded funds - CSNR is a Natural Resources fund actively managed by Cohen & Steers, while COPA is a Copper fund tracking the BITA Global Copper Mining Select Index. CSNR is actively managed, while COPA is passively managed. Over the past year, CSNR returned 37.74% vs 84.28% for COPA. Their 0.65 correlation means they have sometimes moved together and sometimes differently. CSNR charges 0.50%/yr vs 0.35%/yr for COPA.
Performance
CSNR vs. COPA - Performance Comparison
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Returns By Period
In the year-to-date period, CSNR achieves a 16.85% return, which is significantly higher than COPA's 11.16% return.
CSNR
- 1D
- -0.69%
- 1M
- 6.16%
- 6M
- 5.05%
- YTD
- 16.85%
- 1Y
- 37.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 30.42%
COPA
- 1D
- -0.94%
- 1M
- -0.53%
- 6M
- -3.21%
- YTD
- 11.16%
- 1Y
- 84.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 43.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $170.90K | $146.89K | $167.00K | |
| $443.17K | $375.51K | $755.16K |
CSNR vs. COPA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CSNR Cohen & Steers Natural Resources Active ETF | 16.85% | 26.83% |
COPA Themes Copper Miners ETF | 11.16% | 97.44% |
Correlation
The correlation between CSNR and COPA 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 Feb 5, 2025 | 0.65 |
The correlation between CSNR and COPA has been stable across timeframes, ranging from 0.64 to 0.65 - a consistent structural relationship.
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Return for Risk
CSNR vs. COPA — Risk / Return Rank
CSNR
COPA
CSNR vs. COPA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Natural Resources Active ETF (CSNR) and Themes Copper Miners ETF (COPA). 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.
| CSNR | COPA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.31 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 3.01 | -0.05 |
| Martin ratioReturn relative to average drawdown | 9.36 | 8.50 | +0.86 |
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Drawdowns
CSNR vs. COPA - Drawdown Comparison
The maximum CSNR drawdown since its inception was -15.33%, smaller than the maximum COPA drawdown of -34.72%. Use the drawdown chart below to compare losses from any high point for CSNR and COPA.
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Drawdown Indicators
| CSNR | COPA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.33% | -34.72% | +19.39% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -28.05% | +15.62% |
Current DrawdownCurrent decline from peak | -5.49% | -13.95% | +8.46% |
Average DrawdownAverage peak-to-trough decline | -2.49% | -9.86% | +7.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 9.91% | -5.98% |
Volatility
CSNR vs. COPA - Volatility Comparison
The current volatility for Cohen & Steers Natural Resources Active ETF (CSNR) is 4.09%, while Themes Copper Miners ETF (COPA) has a volatility of 13.70%. This indicates that CSNR experiences smaller price fluctuations and is considered to be less risky than COPA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSNR | COPA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 13.70% | -9.61% |
Volatility (6M)Calculated over the trailing 6-month period | 14.39% | 37.15% | -22.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.87% | 43.10% | -25.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.67% | 39.58% | -19.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.67% | 39.58% | -19.91% |
CSNR vs. COPA - Expense Ratio Comparison
CSNR has a 0.50% expense ratio, which is higher than COPA's 0.35% expense ratio.
Dividends
CSNR vs. COPA - Dividend Comparison
CSNR's dividend yield for the trailing twelve months is around 1.88%, less than COPA's 3.83% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
COPA Themes Copper Miners ETF | 3.83% | 4.26% | 1.33% |
CSNR Cohen & Steers Natural Resources Active ETF | 1.88% | 2.39% | 0.00% |
Frequently Asked Questions
CSNR and COPA 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 CSNR (4.09%). In terms of maximum drawdown, CSNR dropped -15.33% vs COPA's -34.72%.
On 1-year performance, COPA leads with 84.28% vs 37.74% for CSNR. On fees, COPA is cheaper at 0.35% per year. On volatility, CSNR has been the lower-risk option at 4.09%. 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 37.74%. 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 0.50% for CSNR.
COPA has the higher dividend yield at 3.83%, compared with 1.88% for CSNR.
CSNR is categorized as Natural Resources, while COPA is Copper. They also come from different issuers: Cohen & Steers and Themes. Their fees differ too: 0.50% for CSNR and 0.35% for COPA.
CSNR currently has the higher Sharpe Ratio (2.06 vs 1.96), 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.
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