COPA vs QQQ
Themes Copper Miners ETF vs Invesco QQQ Trust, Series 1
Which is better, COPA or QQQ?
Commodities against Large Cap Growth.
QQQ has a lower expense ratio. COPA led over 1Y and the full window. COPA is less concentrated, with 40.7% of the fund in its ten largest positions against 46.5%.
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 | QQQ |
|---|---|---|
| Expense Ratio | 0.35% | 0.18%Best |
| AUM | $14M | $486.1B |
| Dividend Yield | 3.84% | 0.44% |
| Holdings | 59 | 107 |
| YTD Return | +28.96%Best | +17.54% |
| 1Y Return | +86.58%Best | +25.59% |
| 3Y Return (annualized) | - | +24.63% |
| 5Y Return (annualized) | - | +14.18% |
| Volatility (annualized) | 34.2% | 18.5%Best |
| Max Drawdown | -34.7% | -22.8%Best |
| $10,000 over 1.9 years | $21,820Best | $14,812 |
| Top 10 Weight | 40.7%Best | 46.5% |
| Fund Family | Themes ETFs | Invesco (US) |
| Category | Commodity | Equity |
| Style | Commodities | Large Cap Growth |
| Inception | Sep 23, 2024 | Mar 10, 1999 |
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 QQQ 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 QQQ Performance
Themes Copper Miners ETF (COPA) is an ETF from Themes ETFs and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year COPA returned +86.58% while QQQ returned +25.59%. Year to date, COPA is up 28.96% versus a gain of 17.54% for QQQ.
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 18.5% for QQQ. 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 -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.40. They move together some of the time, and apart the rest.
Fees and Cost Over Time
COPA charges 0.35% per year while QQQ charges 0.18%. On a $10,000 position that is $35 vs $18 annually, a gap of $17 per year that compounds over a long holding period. On income, COPA currently yields 3.84% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 51 holdings in COPA and 102 in QQQ, totalling 99.8% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 51 positions we hold weights for in COPA and 102 in QQQ, against full books of 59 and 107.
What only one of them owns
Our book lists 94 positions for QQQ that do not appear in our book for COPA (96.8% of the fund), and 5 for COPA that do not appear in QQQ (15.5%).
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.
You are not choosing between two funds in isolation.
Whichever of COPA and QQQ 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 QQQ?
COPA has an expense ratio of 0.35% while QQQ charges 0.18%. QQQ is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, COPA or QQQ?
Over the past year COPA returned +86.58% vs +25.59% for QQQ, so COPA leads on 1-year performance. Over the longest common window we track (2 years), COPA annualized +50.78% vs +22.97% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, COPA or QQQ?
COPA has been the more volatile fund at 34.2% annualized versus 18.5% for QQQ. Worst drawdown: COPA -34.7% vs QQQ -22.8%.
Should I hold both COPA and QQQ?
COPA and QQQ have a monthly-return correlation of 0.40, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, COPA or QQQ?
COPA yields 3.84% while QQQ yields 0.44%, so COPA currently pays the higher dividend yield.
Is QQQ better than COPA?
QQQ has a lower expense ratio. COPA led over 1Y and the full window. COPA is less concentrated, with 40.7% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.