Data as of Oct 28, 2026.

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Thematic ETFs

COPX vs ITA: Holdings Overlap & Returns

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Over the year to Oct 28, 2026, COPX returned +27.5% to ITA's −4.3%; 0% of their weight is in the same names.

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Net assets: $7.3bn on Oct 12, 2026 for Global X Copper Miners ETF, and $12.0bn on Oct 27, 2026 for iShares U.S. Aerospace & Defense ETF.

At a glance
4.8%
COPX in the S&P 500
80.8%
ITA in the S&P 500
+27.5%
COPX total return, 1 year
−4.3%
ITA total return, 1 year
COPX · 1 year to Oct 28, 2026 95% of its weight is outside the S&P 500
95% of its weight is outside the S&P 5005% of COPX's weight is in S&P 500 companies and 95% is outside the index. Holdings as of Jul 31, 2026.5%95%inof its weight outside the S&P 500active share 100% · top ten 50% of the fund · 40 holdings as filed for Jul 31, 2026 · Nasdaq-100: 0% in95% of its weight is outside the S&P 5005% of COPX's weight is in S&P 500 companies and 95% is outside the index. Holdings as of Jul 31, 2026.5%95%5% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · Nasdaq-100: 0% in

5% of COPX's weight is in S&P 500 companies and 95% is outside the index. Holdings as of Jul 31, 2026.

ITA · 1 year to Oct 28, 2026 19% of its weight is outside the S&P 500
19% of its weight is outside the S&P 50081% of ITA's weight is in S&P 500 companies and 19% is outside the index. Holdings as of Oct 27, 2026.81%19%of its weight in S&P 500 companiesoutside the S&P 500active share 98% · top ten 76% of the fund · 51 holdings as published by its issuer for Oct 27, 2026 · Nasdaq-100: 3% in19% of its weight is outside the S&P 50081% of ITA's weight is in S&P 500 companies and 19% is outside the index. Holdings as of Oct 27, 2026.81%19%in the S&P 50019% of its weight outside the S&P 500active share 98% · Nasdaq-100: 3% in

81% of ITA's weight is in S&P 500 companies and 19% is outside the index. Holdings as of Oct 27, 2026.

Pair scorecard

ITA costs 0.28 points a year less; their one-year returns differ by 31.8 points; ITA is 1.6 times larger.

Points (pts) are percentage points.

COPX vs ITA: Holdings Overlap & Returns
MeasureCOPXITA
Return
Total return, 1 year+27.5%−4.3%
Drawdown
Below its all-time high20.3%, high on Aug 27, 202617.9%, high on Aug 14, 2026
Against its benchmark
What it tracksCopperDefense
Its benchmark, total return, 1 year+13.4%
Against its benchmark, 1 yearahead by 14.1 pts
Cost and size
Expense ratio0.65%0.37%
Net assets, as of Oct 12, 2026$7.3bn$12.0bn
Holdings
Holdings in common0%

Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method

Risk and return

Apr 30, 2010 to Oct 23, 2026 · 860 weekly returns
COPX ITA
Return
Total return edge ITA +152.9% +724.2%
Annualized edge ITA +5.8% +13.6%
Price return edge ITA +78.9% +586.5%
Risk
Volatility edge ITA 37.4% 22.4%
Max drawdown edge ITA −83.0% −49.3%
Risk-adjusted
Sharpe edge ITA 0.30 0.61
Sortino edge ITA 0.44 0.89
Calmar edge ITA 0.07 0.28
Reading

ITA returned more: +724.2% to +152.9%. ITA swung less: 22.4% to 37.4%. ITA fell less at its worst: −49.3% to −83.0%.

Full scorecard

9 measures, with how each is measured
Open ↓
Risk and return: COPX vs ITA: Holdings Overlap & Returns
MeasureCOPXITAEdgeHow it is measured
Return
Total return+152.9%+724.2%ITAPrice change plus distributions, reinvested.
Annualized+5.8%+13.6%ITATotal return as a yearly rate.
Price return+78.9%+586.5%ITAPrice change alone, distributions left out.
Risk
Volatility37.4%22.4%ITASpread of weekly returns, annualized. Lower is steadier.
Downside deviation25.3%15.4%ITALike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−83.0%−49.3%ITADeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.300.61ITAReturn above Treasury bills per unit of volatility.
Sortino0.440.89ITAReturn above Treasury bills per unit of downside deviation.
Calmar0.070.28ITAAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 860 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

0%

By the books each fund has filed, COPX and ITA hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first COPX ITA
Only in one fund ↓
Only in COPX
BHP GROUP LIMITED 5.48%
Teck Resources Limited 5.39%
Hudbay Minerals Inc. 5.26%
SOUTHERN COPPER CORPORATION 5.08%
FIRST QUANTUM MINERALS LTD. 5.04%
GLENCORE PLC 5.02%
ANTOFAGASTA PLC 5.00%
KGHM POLSKA MIEDZ SPOLKA AKCYJNA 4.76%
Only in ITA
GE AEROSPACE 20.09%
RTX 17.06%
BOEING 6.81%
LOCKHEED MARTIN 5.66%
NORTHROP GRUMMAN CORP 5.09%
GENERAL DYNAMICS CORP 4.79%
TRANSDIGM GROUP 4.78%
HONEYWELL AEROSPACE INC 4.16%
Check overlap with more funds →

Window by window

Window by window: COPX vs ITA: Holdings Overlap & Returns
Total returnvs its benchmark
WindowCOPXITACOPXITA
3 months+0.9%−12.0%−3.5 pts vs ACWInot measured
6 months−0.8%−2.4%−8.2 pts vs ACWInot measured
1 year+27.5%−4.3%+14.1 pts vs ACWInot measured
3 years+141.8%+97.8%+52.9 pts vs ACWInot measured
Since launchNot the same days: COPX Apr 2010 · ITA May 2006+146.6%+892.2%−248.6 pts vs ACWInot measured

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Side by side

COPX Global X Copper Miners ETF · Holds 40 stocks in copper, 5% of its weight in S&P 500 companies ITA iShares U.S. Aerospace & Defense ETF · Holds 51 stocks in defense, 81% of its weight in S&P 500 companies
Theme Copper Defense
In the S&P 500 4.8% 80.8%
Active share vs the S&P 500 99.9% 97.7%
In the Nasdaq-100 0.0% 2.7%
Holdings 40 51
Top ten, share of the fund 50.3% 76.1%
Expense ratio 0.65% 0.37%
Fee for the differing part 0.65% 0.38%
Total return, 1 year +27.5% −4.3%
vs its benchmark +14.1 pts vs ACWI not measured
Below its high −20.3% −17.9%
Net assets, COPX as of Oct 12, 2026 and ITA as of Oct 27, 2026 $7.3bn $12.0bn

As of Oct 28, 2026. Source: ETFIQ.

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

Client brief · page 1 of 2 Report BR-289092316A

COPX and ITA are built for the same job. How do they differ in cost, holdings and results?

  1. Theme. COPX covers Copper and ITA covers Defense.
  2. Concentration. The top ten holdings are 50.3% of COPX and 76.1% of ITA, a gap of 25.8 points.
  3. What each follows. COPX follows Copper and ITA follows Defense.

Data as of Oct 28, 2026.

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About each fund
COPX

By weight, 5% of COPX'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 50% of the fund across 40 positions, as filed for Jul 31, 2026. Over the year to Oct 28, 2026 the fund returned +27.5% with distributions reinvested against +13.4% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 14.1 pts. It sits 20.3% below its all-time high of Aug 27, 2026.

ITA

By weight, 81% of ITA'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 76% of the fund across 51 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned −4.3% with distributions reinvested. It sits 17.9% below its all-time high of Aug 14, 2026.

Questions people ask

Do COPX and ITA 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, COPX or ITA?
COPX has 5% of its weight in S&P 500 names and ITA has 81%, so COPX differs more from the index.
Which is cheaper, COPX or ITA?
COPX charges 0.65% a year and ITA charges 0.37%, so ITA is cheaper. Fees come from each fund's prospectus.
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ETFIQ, COPX against ITA, data as of Oct 28, 2026. https://etfiq.com/compare/themes/copx-vs-ita

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