COPA vs IVV
Themes Copper Miners ETF vs iShares Core S&P 500 ETF
Which is better, COPA or IVV?
Commodities against Large Cap Blend.
IVV has a lower expense ratio. COPA led over 1Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 40.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | COPA | IVV |
|---|---|---|
| Expense Ratio | 0.35% | 0.03%Best |
| AUM | $14M | $886.7B |
| Dividend Yield | 3.84% | 1.10% |
| Holdings | 59 | 508 |
| YTD Return | +28.96%Best | +13.39% |
| 1Y Return | +86.58%Best | +20.08% |
| 3Y Return (annualized) | - | +21.29% |
| 5Y Return (annualized) | - | +12.88% |
| Volatility (annualized) | 34.2% | 12.6%Best |
| Max Drawdown | -34.7% | -18.8%Best |
| $10,000 over 1.9 years | $21,820Best | $13,678 |
| Top 10 Weight | 40.7% | 37.9%Best |
| Fund Family | Themes ETFs | iShares by BlackRock (US) |
| Category | Commodity | Equity |
| Style | Commodities | Large Cap Blend |
| Inception | Sep 23, 2024 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Sep 24, 2024 to Sep 4, 2026 (1.9 years).
COPA vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.9 years both funds cover.
COPA vs IVV Performance
Themes Copper Miners ETF (COPA) is an ETF from Themes ETFs and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year COPA returned +86.58% while IVV returned +20.08%. Year to date, COPA is up 28.96% versus a gain of 13.39% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
COPA has been the more volatile fund, with annualized monthly volatility of 34.2% compared with 12.6% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -34.7% for COPA and -18.8% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.50. They move together some of the time, and apart the rest.
Fees and Cost Over Time
COPA charges 0.35% per year while IVV charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, COPA currently yields 3.84% against 1.10% for IVV.
Holdings Overlap
8.3% of COPA's money is in holdings IVV also owns. 0.1% of IVV's money is in holdings COPA also owns.
COPA and IVV share little of their money.
1 positions in common, counted across the 51 positions we hold weights for in COPA and 505 in IVV, against full books of 59 and 508.
What only one of them owns
Our book lists 496 positions for IVV that do not appear in our book for COPA (99.2% of the fund), and 3 for COPA that do not appear in IVV (4.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in COPA | Weight in IVV | Difference |
|---|---|---|---|
| FCXFreeport-mcmoran Copper & Gold Inc. | 8.30% | 0.15% | 8.15% |
You are not choosing between two funds in isolation.
Whichever of COPA and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, COPA or IVV?
COPA has an expense ratio of 0.35% while IVV charges 0.03%. IVV is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, COPA or IVV?
Over the past year COPA returned +86.58% vs +20.08% for IVV, so COPA leads on 1-year performance. Over the longest common window we track (2 years), COPA annualized +50.78% vs +17.92% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, COPA or IVV?
COPA has been the more volatile fund at 34.2% annualized versus 12.6% for IVV. Worst drawdown: COPA -34.7% vs IVV -18.8%.
Should I hold both COPA and IVV?
COPA and IVV have a monthly-return correlation of 0.50, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between COPA and IVV?
8.3% of COPA's money is in holdings IVV also owns. 0.1% of IVV's is in holdings COPA also owns. They hold 1 positions in common, counted across the 51 positions we hold weights for in COPA and 505 in IVV.
Which pays a higher dividend, COPA or IVV?
COPA yields 3.84% while IVV yields 1.10%, so COPA currently pays the higher dividend yield.
Is IVV better than COPA?
IVV has a lower expense ratio. COPA led over 1Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 40.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.