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COPA vs POW: which is really different?

COPA and POW hold 0% of their weight in the same names. Themes Copper Miners ETF and VistaShares Electrification Supercycle ETF.

8.6%
COPA in the S&P 500
31.3%
POW in the S&P 500
+47.6%
COPA total return, 1 year
+28.5%
POW total return, since launch
COPA · 1 year to Sep 30, 202691% 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 index9%91%inof its weight outside the S&P 500active share 100% · top ten 42% of the fund · 49 holdings filed Jun 30, 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 index9%91%9% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 42% of the fund

9% of COPA's weight is in S&P 500 companies and 91% is outside the index

POW · 6 months to Sep 30, 202669% of its weight is outside the S&P 500
69% of its weight is outside the S&P 50031% of POW's weight is in S&P 500 companies and 69% is outside the index31%69%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 98% · top ten 43% of the fund · 54 holdings filed Oct 1, 2026 · Nasdaq-100: 7% in69% of its weight is outside the S&P 50031% of POW's weight is in S&P 500 companies and 69% is outside the index31%69%inoutside the S&P 500active share 98% · top ten 43% of the fund

31% of POW's weight is in S&P 500 companies and 69% is outside the index

ETFIQ Off-Index Score · COPA scores higherHow much of it is not the index it is sold as an alternative to?
0.1, the lowest in this set92.0, the highest

A percentile among the 375 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it → How it is computed →

What they hold in common

By the books each fund has filed, COPA and POW hold 0% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Oct 1, 2026.

half

0% in common

Positions both hold, largest shared weight first
Holding COPA POW
Only in COPA
Freeport-McMoRan Inc 8.57%
Glencore PLC 4.46%
Hudbay Minerals Inc 4.35%
BHP Group Ltd 4.08%
Jiujiang Defu Technology Co Lt 3.78%
First Quantum Minerals Ltd 3.52%
Anglo American PLC 3.50%
Lundin Mining Corp 3.37%
Only in POW
Delta Electronics Inc 5.82%
Quanta Services Inc 5.23%
Eaton Corp PLC 4.86%
Prysmian SpA 4.22%
nVent Electric PLC 4.20%
LS Electric Co Ltd 3.98%
Hyosung Heavy Industries Corp 3.85%
Powell Industries Inc 3.56%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

0% of the two portfolios are the same securities at the same weight.

Performance, window by window

Total returnvs the S&P 500vs the Nasdaq-100
WindowCOPAPOWCOPAPOWCOPAPOW
3 months+10.3%−13.0%+7.8 pts−15.6 pts+8.2 pts−15.2 pts
6 months+17.5%+5.5%+0.6 pts−11.5 pts−9.3 pts−21.4 pts
1 year+47.6%not published+31.9 ptsnot published+23.8 ptsnot published
Since launch
COPA Sep 2024 · POW Oct 2025
+108.5%+28.5%+72.0 pts+16.3 pts+54.6 pts+11.1 pts

COPA and POW over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

COPA
Themes Copper Miners ETF · Holds 49 stocks in copper, 9% of its weight in S&P 500 companies
POW
VistaShares Electrification Supercycle ETF · Holds 54 stocks in electrification and the grid, 31% of its weight in S&P 500 companies
Issuer Themes VistaShares
Theme Copper Electrification and the grid
In the S&P 500 8.6% 31.3%
Active share vs the S&P 500 99.9% 97.8%
In the Nasdaq-100 0.0% 7.4%
Holdings 49 54
Top ten, share of the fund 42.1% 42.5%
Expense ratio 0.35% 0.75%
Fee for the differing part 0.35% 0.77%
Total return, 1 year +47.6% +28.5% (since launch on Oct 28, 2025)
vs the S&P 500 +31.9 pts +16.3 pts
vs the Nasdaq-100 +23.8 pts +11.1 pts
Below its high −10.9% −22.3%
Net assets $13m $62m

COPA and POW on the same fields, as of Sep 30, 2026. Source: ETFIQ.

COPA in plain words

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 42% of the fund across 49 positions, as filed for Jun 30, 2026. Over the year to Sep 30, 2026 the fund returned +47.6% with distributions reinvested against +15.7% for the S&P 500, so a holder was ahead by 31.9 pts. It sits 10.9% below its all-time high of Aug 27, 2026.

POW in plain words

By weight, 31% of POW's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 42% of the fund across 54 positions, as published by its issuer for Oct 1, 2026. Since it launched on Oct 28, 2025 the fund returned +28.5% with distributions reinvested against +12.2% for the S&P 500, so a holder was ahead by 16.3 pts. It sits 22.3% below its all-time high of May 11, 2026.

Questions people ask

Do COPA and POW hold the same stocks?
By their latest filings, 0% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, COPA or POW?
COPA has 9% of its weight in S&P 500 names and POW has 31%, so COPA differs more from the index.
Which is cheaper, COPA or POW?
COPA charges 0.35% a year and POW charges 0.75%, so COPA is cheaper. Fees come from each fund's prospectus.
Other comparisons
COPA vs JOULCOPA vs TRFMCOPA vs VOLTCOPA vs ZAPPOW vs POWRPOW vs TRFMPOW vs VOLTPOW vs ZAP
COPA on its own →POW on its own →How every figure is computed →Standards and sources →
Where these figures came from
COPA filings on SEC EDGAR ↗COPA prospectus with the expense ratio (SEC) ↗Themes page for COPA ↗POW filings on SEC EDGAR ↗POW prospectus with the expense ratio (SEC) ↗VistaShares page for POW ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, COPA against POW, data as of Sep 30, 2026. https://etfiq.com/compare/themes/copa-vs-pow

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.