Do COPX and NLR 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 NLR?

COPX has 5% of its weight in S&P 500 names and NLR has 15%, so COPX differs more from the index.

Which is cheaper, COPX or NLR?

COPX charges 0.65% a year and NLR charges 0.52%, so NLR is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Thematic ETFs

COPX vs NLR: Holdings Overlap & Returns

Share on X Download as PDF

Over the year to Oct 28, 2026, COPX returned +27.5% to NLR's −35.8%; 0% of their weight is in the same names.

askIQ about this page

askIQ about COPX and NLR

Net assets: $7.3bn on Oct 12, 2026 for Global X Copper Miners ETF, and $3.1bn on Oct 26, 2026 for VanEck Uranium and Nuclear ETF.

COPX on its own →NLR on its own →

At a glance

4.8%

COPX in the S&P 500

15.1%

NLR in the S&P 500

+27.5%

COPX total return, 1 year

−35.8%

NLR total return, 1 year

COPX · 1 year to Oct 28, 2026 95% of its weight is outside the S&P 500

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

NLR · 1 year to Oct 28, 2026 85% of its weight is outside the S&P 500

15% of NLR's weight is in S&P 500 companies and 85% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

NLR costs 0.13 points a year less; their one-year returns differ by 63.3 points; COPX is 2.1 times larger.

Points (pts) are percentage points.

COPX vs NLR: Holdings Overlap & Returns
Measure	COPX	NLR
Return
Measure	COPX	NLR
Total return, 1 year	+27.5%	−35.8%
Drawdown
Measure	COPX	NLR
Below its all-time high	20.3%, high on Aug 27, 2026	41.6%, high on Jan 28, 2026
Against its benchmark
Measure	COPX	NLR
What it tracks	Copper	Nuclear and uranium
Its benchmark, total return, 1 year	+13.4%	+13.4%
Against its benchmark, 1 year	ahead by 14.1 pts	behind by 49.2 pts
Cost and size
Measure	COPX	NLR
Expense ratio	0.65%	0.52%
Net assets, as of Oct 12, 2026	$7.3bn	$3.4bn
Holdings
Measure	COPX	NLR
Holdings in common	0%

Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method

Risk and return

Apr 30, 2010 to Oct 23, 2026 · 860 weekly returns · each against ACWI

COPX NLR

Return

Total return edge COPX +152.9% +135.6%

Annualized edge COPX (slight) +5.8% +5.3%

Price return edge COPX +78.9% +35.3%

Risk

Volatility edge NLR 37.4% 22.5%

Max drawdown edge NLR −83.0% −45.9%

Downside capture 136.2% 94.9%

Beta 1.64 0.96

Risk-adjusted

Sharpe edge COPX (slight) 0.30 0.27

Sortino edge COPX 0.44 0.39

Treynor 0.068 0.064

Calmar edge NLR 0.07 0.12

Against the benchmark

Alpha −4.5% a year −3.0% a year

Alpha t-stat −0.69 −0.74

Information ratio 0.05 −0.21

Tracking error 28.4% 16.3%

Reading

COPX returned more: +152.9% to +135.6%. NLR swung less: 22.5% to 37.4%. NLR fell less at its worst: −45.9% to −83.0%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: COPX vs NLR: Holdings Overlap & Returns
Measure	COPX	NLR	ACWI	Edge	How it is measured
Return
Total return	+152.9%	+135.6%		COPX	Price change plus distributions, reinvested.
Annualized	+5.8%	+5.3%		COPX (slight)	Total return as a yearly rate.
Price return	+78.9%	+35.3%		COPX	Price change alone, distributions left out.
Risk
Volatility	37.4%	22.5%		NLR	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	25.3%	15.8%		NLR	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−83.0%	−45.9%		NLR	Deepest fall from a high to the low after it.
Upside capture	204.4%	78.3%	100.0%	COPX	Share of its benchmark's rise caught in the weeks it rose.
Downside capture	136.2%	94.9%	100.0%	NLR	Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	1.64	0.96	1.00	NLR lower	How far it moves for each 1% its benchmark moves.
R squared	0.50	0.48	1.00	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.30	0.27		COPX (slight)	Return above Treasury bills per unit of volatility.
Sortino	0.44	0.39		COPX	Return above Treasury bills per unit of downside deviation.
Treynor	0.068	0.064	0.095	COPX (slight)	Return above Treasury bills per unit of beta.
Calmar	0.07	0.12		NLR	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	ACWI	ACWI	ACWI		The ETF each fund is measured against.
Alpha	−4.5% a year	−3.0% a year	0.0%	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.69	−0.74		Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−17.4% to +8.3%	−10.9% to +4.9%		Both include zero	The 95% range for the yearly alpha.
Information ratio	0.05	−0.21		COPX	Return against its benchmark per unit of tracking error.
Tracking error	28.4%	16.3%	0.0%	Not an edge	How far weekly returns stray from the benchmark, annualized.

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 NLR hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first COPX NLR

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 NLR

Cameco Corp 8.41%

Constellation Energy Corp 8.04%

Public Service Enterprise Group Inc 7.09%

BWX Technologies Inc 6.78%

Fortum Oyj 5.75%

Oklo Inc 5.22%

Centrus Energy Corp 5.05%

Uranium Energy Corp 4.99%

Check overlap with more funds →

Window by window

Window by window: COPX vs NLR: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	COPX	NLR	COPX	NLR
3 months	+0.9%	−6.5%	−3.5 pts vs ACWI	−10.9 pts vs ACWI
6 months	−0.8%	−30.2%	−8.2 pts vs ACWI	−37.6 pts vs ACWI
1 year	+27.5%	−35.8%	+14.1 pts vs ACWI	−49.2 pts vs ACWI
3 years	+141.8%	+54.0%	+52.9 pts vs ACWI	−34.9 pts vs ACWI
Since launchNot the same days: COPX Apr 2010 · NLR Aug 2007	+146.6%	+66.1%	−248.6 pts vs ACWI	not measured

Open this comparison in the app →

Side by side

COPX Global X Copper Miners ETF · Holds 40 stocks in copper, 5% of its weight in S&P 500 companies NLR VanEck Uranium and Nuclear ETF · Holds 25 stocks in nuclear and uranium, 15% of its weight in S&P 500 companies

Issuer Global X VanEck

Theme Copper Nuclear and uranium

In the S&P 500 4.8% 15.1%

Active share vs the S&P 500 99.9% 99.8%

In the Nasdaq-100 0.0% 8.0%

Holdings 40 25

Top ten, share of the fund 50.3% 61.1%

Expense ratio 0.65% 0.52%

Fee for the differing part 0.65% 0.52%

Total return, 1 year +27.5% −35.8%

vs its benchmark +14.1 pts vs ACWI −49.2 pts vs ACWI

Below its high −20.3% −41.6%

Net assets, COPX as of Oct 12, 2026 and NLR as of Oct 26, 2026 $7.3bn $3.1bn

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-FCD19C6661

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

Theme. COPX covers Copper and NLR covers Nuclear and uranium.
Concentration. The top ten holdings are 50.3% of COPX and 61.1% of NLR, a gap of 10.8 points.
What each follows. COPX follows Copper and NLR follows Nuclear and uranium.

Data as of Oct 28, 2026.

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Your saved page · Privacy.

Alert

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.

NLR

By weight, 15% of NLR'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 61% of the fund across 25 positions, as filed for Jun 30, 2026. Over the year to Oct 28, 2026 the fund returned −35.8% with distributions reinvested against +13.4% for its benchmark, the MSCI ACWI Index, so a holder was behind by 49.2 pts. It sits 41.6% below its all-time high of Jan 28, 2026.

Questions people ask

Do COPX and NLR 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 NLR?: COPX has 5% of its weight in S&P 500 names and NLR has 15%, so COPX differs more from the index.
Which is cheaper, COPX or NLR?: COPX charges 0.65% a year and NLR charges 0.52%, so NLR is cheaper. Fees come from each fund's prospectus.

Other comparisons

COPX vs URA COPX vs BOTZ COPX vs ARKG COPX vs KWEB NLR vs PPA NLR vs SHLD NLR vs URA NLR vs QTUM

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →COPX on its own →NLR on its own →COPX dividend history →COPX holdings →NLR dividend history →NLR holdings →Method →Standards and sources →

Sources and dates

COPX filings on SEC EDGAR ↗

COPX prospectus with the expense ratio (SEC) ↗

Global X page for COPX ↗

NLR filings on SEC EDGAR ↗

NLR prospectus with the expense ratio (SEC) ↗

VanEck 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, COPX against NLR, data as of Oct 28, 2026. https://etfiq.com/compare/themes/copx-vs-nlr

Open data →

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