Do COPA and ZAP 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 ZAP?

COPA has 9% of its weight in S&P 500 names and ZAP has 76%, so COPA differs more from the index.

Which is cheaper, COPA or ZAP?

COPA charges 0.35% a year and ZAP charges 0.50%, so COPA is cheaper. Fees come from each fund's prospectus.

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COPA vs ZAP: which is really different?

COPA and ZAP hold 0% of their weight in the same names, and COPA returned +47.6% over the year. Themes Copper Miners ETF and Global X U.S. Electrification ETF.

8.6%

COPA in the S&P 500

75.5%

ZAP in the S&P 500

+47.6%

COPA total return, 1 year

+4.9%

ZAP total return, 1 year

COPA · 1 year to Sep 30, 202691% of its weight is outside the S&P 500

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

ZAP · 1 year to Sep 30, 202625% of its weight is outside the S&P 500

76% of ZAP's weight is in S&P 500 companies and 25% 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?

COPA 82.3

ZAP 48.1

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 ZAP 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 Sep 30, 2026.

50%

half

0% in common

Positions both hold, largest shared weight first

Holding COPA ZAP

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 ZAP

BLOOM ENERGY CORP- A 5.89%

QUANTA SERVICES INC 4.71%

EATON CORP PLC 4.67%

AMETEK INC 4.63%

DOMINION ENERGY INC 4.27%

CONSOLIDATED EDISON INC 4.08%

AMERICAN ELECTRIC POWER 3.92%

DUKE ENERGY CORP 3.92%

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 return		vs the S&P 500		vs the Nasdaq-100
Window	COPA	ZAP	COPA	ZAP	COPA	ZAP
3 months	+10.3%	−9.8%	+7.8 pts	−12.3 pts	+8.2 pts	−11.9 pts
6 months	+17.5%	−5.3%	+0.6 pts	−22.3 pts	−9.3 pts	−32.2 pts
1 year	+47.6%	+4.9%	+31.9 pts	−10.8 pts	+23.8 pts	−18.9 pts
Since launch COPA Sep 2024 · ZAP Dec 2024	+108.5%	+30.4%	+72.0 pts	−2.6 pts	+54.6 pts	−14.2 pts

COPA and ZAP 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

ZAP

Global X U.S. Electrification ETF · Holds 47 stocks in electrification and the grid, 76% of its weight in S&P 500 companies

Issuer Themes Global X

Theme Copper Electrification and the grid

In the S&P 500 8.6% 75.5%

Active share vs the S&P 500 99.9% 97.9%

In the Nasdaq-100 0.0% 15.3%

Holdings 49 47

Top ten, share of the fund 42.1% 43.8%

Expense ratio 0.35% 0.50%

Fee for the differing part 0.35% 0.51%

Total return, 1 year +47.6% +4.9%

vs the S&P 500 +31.9 pts −10.8 pts

vs the Nasdaq-100 +23.8 pts −18.9 pts

Below its high −10.9% −12.6%

Net assets $13m $436m

COPA and ZAP 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.

ZAP in plain words

By weight, 76% of ZAP'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 44% of the fund across 47 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned +4.9% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 10.8 pts. It sits 12.6% below its all-time high of Jun 25, 2026.

Questions people ask

Do COPA and ZAP 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 ZAP?: COPA has 9% of its weight in S&P 500 names and ZAP has 76%, so COPA differs more from the index.
Which is cheaper, COPA or ZAP?: COPA charges 0.35% a year and ZAP charges 0.50%, so COPA is cheaper. Fees come from each fund's prospectus.

Other comparisons

COPA vs VOLT COPA vs COPP COPA vs COPX COPA vs ELFY ZAP vs COPJ ZAP vs COPP ZAP vs ELFY ZAP vs EMET

COPA on its own →ZAP 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 ↗ZAP filings on SEC EDGAR ↗ZAP prospectus with the expense ratio (SEC) ↗Global X page for ZAP ↗

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 ZAP, data as of Sep 30, 2026. https://etfiq.com/compare/themes/copa-vs-zap

Open data

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