COPA vs VOO
Themes Copper Miners ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. COPA delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | COPA | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $13M | $997.4B | |
| Dividend Yield | 3.84% | 1.08% | |
| Holdings | 59 | 509 | |
| YTD Return | +20.99% | +14.27% | |
| 1Y Return | +86.58% | +21.79% | |
| 3Y Return (annualized) | - | +22.19% | |
| 5Y Return (annualized) | - | +13.28% | |
| Volatility (annualized) | 33.0% | 14.2% | |
| Max Drawdown | -34.7% | -34.3% | |
| Fund Family | Themes ETFs | Vanguard (US) | |
| Category | Commodity | Equity | |
| Inception | Sep 23, 2024 | Sep 7, 2010 |
COPA vs VOO Performance
Themes Copper Miners ETF (COPA) is a ETF from Themes ETFs and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year COPA returned +86.58% while VOO returned +21.79%. Year to date, COPA is up 20.99% versus a gain of 14.27% for VOO.
Risk: Volatility and Drawdowns
COPA has been the more volatile fund, with annualized monthly volatility of 33.0% compared with 14.2% for VOO. 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 -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
COPA charges 0.35% per year while VOO 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 1.08% for VOO.
Holdings Overlap
COPA and VOO share 1 holdings out of 555 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in COPA | Weight in VOO | Difference |
|---|---|---|---|
| FCX | 8.57% | 0.14% | 8.43% |
Frequently Asked Questions
Which is cheaper, COPA or VOO?
COPA has an expense ratio of 0.35% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, COPA or VOO?
Over the past year COPA returned +86.58% vs +21.79% for VOO, so COPA leads on 1-year performance. Over the longest common window we track (2 years), COPA annualized +47.61% vs +13.59% for VOO. Past performance does not guarantee future results.
Which is riskier, COPA or VOO?
COPA has been the more volatile fund at 33.0% annualized versus 14.2% for VOO. Worst drawdown: COPA -34.7% vs VOO -34.3%.
Should I hold both COPA and VOO?
COPA and VOO have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between COPA and VOO?
COPA and VOO share 1 common holdings with a 0.1% weight overlap. Combined, they hold 555 unique securities.
Which pays a higher dividend, COPA or VOO?
COPA yields 3.84% while VOO yields 1.08%, so COPA currently pays the higher dividend yield.
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