Data as of Oct 28, 2026.
COPX vs ITA: Holdings Overlap & Returns
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.
5% of COPX's weight is in S&P 500 companies and 95% is outside the index. Holdings as of Jul 31, 2026.
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.
| Measure | COPX | ITA |
|---|---|---|
| Return | ||
| Total return, 1 year | +27.5% | −4.3% |
| Drawdown | ||
| Below its all-time high | 20.3%, high on Aug 27, 2026 | 17.9%, high on Aug 14, 2026 |
| Against its benchmark | ||
| What it tracks | Copper | Defense |
| Its benchmark, total return, 1 year | +13.4% | |
| Against its benchmark, 1 year | ahead by 14.1 pts | |
| Cost and size | ||
| Expense ratio | 0.65% | 0.37% |
| Net assets, as of Oct 12, 2026 | $7.3bn | $12.0bn |
| Holdings | ||
| Holdings in common | 0% | |
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 returnsITA 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 ↓
| Measure | COPX | ITA | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +152.9% | +724.2% | ITA | Price change plus distributions, reinvested. |
| Annualized | +5.8% | +13.6% | ITA | Total return as a yearly rate. |
| Price return | +78.9% | +586.5% | ITA | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 37.4% | 22.4% | ITA | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 25.3% | 15.4% | ITA | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −83.0% | −49.3% | ITA | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.30 | 0.61 | ITA | Return above Treasury bills per unit of volatility. |
| Sortino | 0.44 | 0.89 | ITA | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.07 | 0.28 | ITA | Annualized 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
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.
half
0% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | COPX | ITA | COPX | ITA |
| 3 months | +0.9% | −12.0% | −3.5 pts vs ACWI | not measured |
| 6 months | −0.8% | −2.4% | −8.2 pts vs ACWI | not measured |
| 1 year | +27.5% | −4.3% | +14.1 pts vs ACWI | not measured |
| 3 years | +141.8% | +97.8% | +52.9 pts vs ACWI | not measured |
| Since launchNot the same days: COPX Apr 2010 · ITA May 2006 | +146.6% | +892.2% | −248.6 pts vs ACWI | not measured |
Side by side
As of Oct 28, 2026. Source: ETFIQ.
0% of the two portfolios are the same securities at the same weight.
COPX and ITA are built for the same job. How do they differ in cost, holdings and results?
- Theme. COPX covers Copper and ITA covers Defense.
- Concentration. The top ten holdings are 50.3% of COPX and 76.1% of ITA, a gap of 25.8 points.
- What each follows. COPX follows Copper and ITA follows Defense.
Data as of Oct 28, 2026.
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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.
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.
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ETFIQ, COPX against ITA, data as of Oct 28, 2026. https://etfiq.com/compare/themes/copx-vs-ita
ETFIQ. (Oct 28, 2026). COPX against ITA. Retrieved from https://etfiq.com/compare/themes/copx-vs-ita
[COPX against ITA (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/themes/copx-vs-ita)
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