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Data as of Oct 28, 2026.

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Thematic ETFs

COPA vs TPZ: Holdings Overlap & Returns

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Over the year to Oct 28, 2026, COPA returned +32.0% to TPZ's +3.7%; 0% of their weight is in the same names.

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Net assets: $11m on Oct 28, 2026 for Themes Copper Miners ETF, and $129m on May 31, 2026 for Tortoise Electrification Infrastructure ETF.

COPA on its own →TPZ on its own →
At a glance
9.3%
COPA in the S&P 500
54.6%
TPZ in the S&P 500
+32.0%
COPA total return, 1 year
+3.7%
TPZ total return, 1 year
COPA · 1 year to Oct 28, 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 Oct 28, 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 Oct 28, 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 Oct 28, 2026.9%91%inof 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 Oct 28, 2026.

TPZ · 1 year to Oct 28, 2026 45% of its weight is outside the S&P 500
45% of its weight is outside the S&P 50055% of TPZ's weight is in S&P 500 companies and 45% is outside the index. Holdings as of May 31, 2026.55%45%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 98% · top ten 53% of the fund · 31 holdings as filed for May 31, 2026 · Nasdaq-100: 7% in45% of its weight is outside the S&P 50055% of TPZ's weight is in S&P 500 companies and 45% is outside the index. Holdings as of May 31, 2026.55%45%in the S&P 500outsideactive share 98% · Nasdaq-100: 7% in

55% of TPZ's weight is in S&P 500 companies and 45% is outside the index. Holdings as of May 31, 2026.

Pair scorecard

COPA costs 0.50 points a year less; their one-year returns differ by 28.3 points.

Points (pts) are percentage points.

COPA vs TPZ: Holdings Overlap & Returns
MeasureCOPATPZ
Return
Total return, 1 year+32.0%+3.7%
Drawdown
Below its all-time high19.9%, high on Aug 27, 20266.3%, high on Apr 30, 2026
Against its benchmark
What it tracksCopperElectrification and the grid
Its benchmark, total return, 1 year+13.4%
Against its benchmark, 1 yearahead by 18.6 pts
Cost and size
Expense ratio0.35%0.85%
Net assets, COPA as of Oct 28, 2026 and TPZ as of May 31, 2026$11m$129m
Holdings
Holdings in common0%

Holdings in common uses holdings dated May 31, 2026 and Oct 28, 2026. Method

What they share

0%

By the books each fund has filed, COPA and TPZ hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Oct 28, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first COPA TPZ
Only in one fund ↓
Only in COPA
Freeport-McMoRan Inc 9.26%
Glencore PLC 5.40%
BHP Group Ltd 4.59%
Anglo American PLC 4.26%
Teck Resources Ltd 3.76%
Lundin Mining Corp 3.75%
Southern Copper Corp 3.60%
First Quantum Minerals Ltd 3.47%
Only in TPZ
Energy Transfer LP 7.22%
Entergy Corp 5.87%
Targa Resources Corp 5.64%
Clearway Energy Inc 5.60%
Williams Cos Inc 5.42%
TC Energy Corp 5.28%
Cheniere Energy Inc 4.75%
Constellation Energy Corp 4.53%
Check overlap with more funds →

Window by window

Window by window: COPA vs TPZ: Holdings Overlap & Returns
Total returnvs its benchmark
WindowCOPATPZCOPATPZ
3 months+1.7%+0.3%−2.7 pts vs ACWInot measured
6 months+3.2%−3.5%−4.2 pts vs ACWInot measured
1 year+32.0%+3.7%+18.6 pts vs ACWInot measured
Since launchNot the same days: COPA Sep 2024 · TPZ Dec 2024+87.6%+12.6%+49.5 pts vs ACWInot measured

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Side by side

COPA Themes Copper Miners ETF · Holds 50 stocks in copper, 9% of its weight in S&P 500 companies TPZ Tortoise Electrification Infrastructure ETF · Holds 31 stocks in electrification and the grid, 55% of its weight in S&P 500 companies
Issuer Themes Tortoise
Theme Copper Electrification and the grid
In the S&P 500 9.3% 54.6%
Active share vs the S&P 500 99.9% 98.3%
In the Nasdaq-100 0.0% 7.0%
Holdings 50 31
Top ten, share of the fund 44.1% 52.7%
Expense ratio 0.35% 0.85%
Fee for the differing part 0.35% 0.86%
Total return, 1 year +32.0% +3.7%
vs its benchmark +18.6 pts vs ACWI not measured
Below its high −19.9% −6.3%
Net assets, COPA as of Oct 28, 2026 and TPZ as of May 31, 2026 $11m $129m

As of Oct 28, 2026. Source: ETFIQ.

0% 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 Oct 28, 2026. Over the year to Oct 28, 2026 the fund returned +32.0% with distributions reinvested against +13.4% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 18.6 pts. It sits 19.9% below its all-time high of Aug 27, 2026.

TPZ

By weight, 55% of TPZ'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 53% of the fund across 31 positions, as filed for May 31, 2026. Over the year to Oct 28, 2026 the fund returned +3.7% with distributions reinvested. It sits 6.3% below its all-time high of Apr 30, 2026.

Questions people ask

Do COPA and TPZ hold the same stocks?
By their latest filings, 0% 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 TPZ?
COPA has 9% of its weight in S&P 500 names and TPZ has 55%, so COPA differs more from the index.
Which is cheaper, COPA or TPZ?
COPA charges 0.35% a year and TPZ charges 0.85%, so COPA is cheaper. Fees come from each fund's prospectus.
Other comparisons
COPA vs POWRCOPA vs ELFYCOPA vs TRFMCOPA vs POWTPZ vs EMETTPZ vs COPJTPZ vs COPPTPZ 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 →TPZ on its own →COPA dividend history →COPA holdings →TPZ dividend history →TPZ holdings →Method →Standards and sources →
Sources and dates
COPA filings on SEC EDGAR ↗
COPA prospectus with the expense ratio (SEC) ↗
Themes page for COPA ↗
TPZ filings on SEC EDGAR ↗
TPZ prospectus with the expense ratio (SEC) ↗
Tortoise 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 TPZ, data as of Oct 28, 2026. https://etfiq.com/compare/themes/copa-vs-tpz

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