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Data as of Nov 4, 2026.

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Thematic ETFs

COPA vs KWH: Holdings Overlap & Returns

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COPA and KWH hold 2% of their weight in the same names.

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Net assets: $11m on Nov 4, 2026 for Themes Copper Miners ETF, and $58m on Aug 31, 2026 for GMO Power Infrastructure ETF.

COPA on its own →KWH on its own →
At a glance
9.1%
COPA in the S&P 500
41.4%
KWH in the S&P 500
+35.4%
COPA total return, 1 year
−6.1%
KWH total return, since launch, Jul 15, 2026
COPA · 1 year to Nov 4, 2026 91% of its weight is outside the S&P 500
91% of its weight is outside the S&P 5009% of COPA's weight is in S&P 500 companies and 91% is outside the index. Holdings as of Nov 4, 2026.9%91%inof its weight outside the S&P 500active share 100% · top ten 44% of the fund · 50 holdings as published by its issuer for Nov 4, 2026 · Nasdaq-100: 0% in91% of its weight is outside the S&P 5009% of COPA's weight is in S&P 500 companies and 91% is outside the index. Holdings as of Nov 4, 2026.9%91%9% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · Nasdaq-100: 0% in

9% of COPA's weight is in S&P 500 companies and 91% is outside the index. Holdings as of Nov 4, 2026.

KWH · 3 months to Nov 4, 2026 59% of its weight is outside the S&P 500
59% of its weight is outside the S&P 50041% of KWH's weight is in S&P 500 companies and 59% is outside the index. Holdings as of Aug 31, 2026.41%59%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 97% · top ten 31% of the fund · 74 holdings as filed for Aug 31, 2026 · Nasdaq-100: 5% in59% of its weight is outside the S&P 50041% of KWH's weight is in S&P 500 companies and 59% is outside the index. Holdings as of Aug 31, 2026.41%59%in the S&P 500outside the S&P 500active share 97% · Nasdaq-100: 5% in

41% of KWH's weight is in S&P 500 companies and 59% is outside the index. Holdings as of Aug 31, 2026.

Pair scorecard

COPA costs 0.25 points a year less.

Points (pts) are percentage points.

COPA vs KWH: Holdings Overlap & Returns
MeasureCOPAKWH
Return
Total return, 1 year+35.4%not published
Drawdown
Below its all-time high22.9%, high on Aug 27, 20268.5%, high on Aug 17, 2026
Against its benchmark
What it tracksCopperElectrification and the grid
Its benchmark, total return, 1 year+15.0%
Against its benchmark, 1 yearahead by 20.4 pts
Cost and size
Expense ratio0.35%0.60%
Net assets, COPA as of Nov 4, 2026 and KWH as of Aug 31, 2026$11m$58m
Holdings
Holdings in common2%

Method

What they share

2%

By the books each fund has filed, COPA and KWH hold 2% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 4, 2026.

0 half 100%

half

2% in common

Positions both hold · largest shared weight first COPA KWH
Freeport-McMoRan Inc 9.11% 1.24%
Anglo American PLC 4.49% 1.16%
Only in one fund ↓
Only in COPA
Glencore PLC 5.28%
BHP Group Ltd 4.57%
Teck Resources Ltd 4.02%
Lundin Mining Corp 3.87%
Southern Copper Corp 3.47%
First Quantum Minerals Ltd 3.37%
Antofagasta PLC 3.20%
Trekor Metals Ltd 2.88%
Only in KWH
Schneider Electric SE 5.14%
Siemens AG 4.68%
Eaton Corp PLC 3.43%
Trane Technologies PLC 2.69%
Enel SpA 2.52%
NextEra Energy Inc 2.52%
Iberdrola SA 2.51%
Vestas Wind Systems A/S 2.50%
Check overlap with more funds →

Window by window

Window by window: COPA vs KWH: Holdings Overlap & Returns
Total returnvs its benchmark
WindowCOPAKWHCOPAKWH
3 months−14.0%−6.7%−12.7 pts vs ACWInot measured
6 months−8.0%–−10.6 pts vs ACWI–
1 year+35.4%–+20.4 pts vs ACWI–
Since launchNot the same days: COPA Sep 2024 · KWH Jul 2026+80.6%−6.1%+43.2 pts vs ACWInot measured

– means no data for this window. Open this comparison in the app →

Side by side

COPA Themes Copper Miners ETF · Holds 50 stocks in copper, 9% of its weight in S&P 500 companies KWH GMO Power Infrastructure ETF · Holds 74 stocks in electrification and the grid, 41% of its weight in S&P 500 companies
Issuer Themes GMO
Theme Copper Electrification and the grid
In the S&P 500 9.1% 41.4%
Active share vs the S&P 500 99.9% 96.9%
In the Nasdaq-100 0.0% 4.9%
Holdings 50 74
Top ten, share of the fund 44.3% 30.8%
Expense ratio 0.35% 0.60%
Fee for the differing part 0.35% 0.62%
Total return, 1 year +35.4% −6.1% (since launch, Jul 15, 2026)
vs its benchmark +20.4 pts vs ACWI not measured
Below its high −22.9% −8.5%
Net assets, COPA as of Nov 4, 2026 and KWH as of Aug 31, 2026 $11m $58m

As of Nov 4, 2026. Source: ETFIQ.

2% of the two portfolios are the same securities at the same weight.

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About each fund
COPA

By weight, 9% of COPA's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 44% of the fund across 50 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned +35.4% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 20.4 pts. It sits 22.9% below its all-time high of Aug 27, 2026.

KWH

By weight, 41% of KWH's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 97%. The top ten holdings are 31% of the fund across 74 positions, as filed for Aug 31, 2026. Since it first traded on Jul 15, 2026 the fund returned −6.1% with distributions reinvested. It sits 8.5% below its all-time high of Aug 17, 2026.

Questions people ask

Do COPA and KWH hold the same stocks?
By their latest filings, 2% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, COPA or KWH?
COPA has 9% of its weight in S&P 500 names and KWH has 41%, so COPA differs more from the index.
Which is cheaper, COPA or KWH?
COPA charges 0.35% a year and KWH charges 0.60%, so COPA is cheaper. Fees come from each fund's prospectus.
Other comparisons
COPA vs JOULCOPA vs POWCOPA vs TPZCOPA vs ELFYKWH vs EMETKWH vs COPJKWH vs COPPKWH vs ICOP
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →COPA on its own →KWH on its own →COPA dividend history →COPA holdings →KWH holdings →Method →Standards and sources →
Sources and dates
COPA filings on SEC EDGAR ↗
COPA prospectus with the expense ratio (SEC) ↗
Themes page for COPA ↗
KWH filings on SEC EDGAR ↗
KWH prospectus with the expense ratio (SEC) ↗
GMO website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, COPA against KWH, data as of Nov 4, 2026. https://etfiq.com/compare/themes/copa-vs-kwh

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.