Data as of Oct 28, 2026.
COPX vs URA: Holdings Overlap & Returns
Over the year to Oct 28, 2026, COPX returned +27.5% to URA's −30.3%; 2% of their weight is in the same names.
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askIQ about COPX and URANet assets on Oct 12, 2026: $7.3bn for Global X Copper Miners ETF and $5.4bn for Global X Uranium ETF.
5% of COPX's weight is in S&P 500 companies and 95% is outside the index. Holdings as of Jul 31, 2026.
0% of URA's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jul 31, 2026.
Pair scorecard
COPX costs 0.04 points a year less; their one-year returns differ by 57.8 points; COPX is 1.4 times larger.
Points (pts) are percentage points.
| Measure | COPX | URA |
|---|---|---|
| Return | ||
| Total return, 1 year | +27.5% | −30.3% |
| Drawdown | ||
| Below its all-time high | 20.3%, high on Aug 27, 2026 | 58.4%, high on Feb 2, 2011 |
| Against its benchmark | ||
| 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 43.7 pts |
| Cost and size | ||
| Expense ratio | 0.65% | 0.69% |
| Net assets, as of Oct 12, 2026 | $7.3bn | $5.4bn |
| Holdings | ||
| Holdings in common | 2% | |
Holdings in common uses holdings dated Jul 31, 2026. Method
Risk and return
Nov 12, 2010 to Oct 23, 2026 · 832 weekly returns · each against ACWICOPX returned more: +94.3% to −51.4%. COPX and URA swung about the same: 37.1% and 36.8%. COPX fell less at its worst: −83.0% to −93.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | COPX | URA | ACWI | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +94.3% | −51.4% | COPX | Price change plus distributions, reinvested. | |
| Annualized | +4.2% | −4.4% | COPX | Total return as a yearly rate. | |
| Price return | +37.4% | −68.7% | COPX | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 37.1% | 36.8% | Tie | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 25.1% | 25.0% | Tie | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −83.0% | −93.2% | COPX | Deepest fall from a high to the low after it. | |
| Upside capture | 194.8% | 120.6% | 100.0% | COPX | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 136.6% | 127.6% | 100.0% | URA (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.62 | 1.31 | 1.00 | URA lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.48 | 0.32 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.25 | 0.02 | COPX | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.37 | 0.02 | COPX | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.058 | 0.005 | 0.094 | COPX | Return above Treasury bills per unit of beta. |
| Calmar | 0.05 | −0.05 | COPX | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | ACWI | ACWI | ACWI | The ETF each fund is measured against. | |
| Alpha | −5.8% a year | −11.7% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.87 | −1.54 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −19.0% to +7.3% | −26.6% to +3.2% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.00 | −0.29 | COPX | Return against its benchmark per unit of tracking error. | |
| Tracking error | 28.5% | 30.7% | 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, 832 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, COPX and URA hold 2% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.
half
2% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | COPX | URA | COPX | URA |
| 3 months | +0.9% | −2.6% | −3.5 pts vs ACWI | −7.0 pts vs ACWI |
| 6 months | −0.8% | −30.9% | −8.2 pts vs ACWI | −38.3 pts vs ACWI |
| 1 year | +27.5% | −30.3% | +14.1 pts vs ACWI | −43.7 pts vs ACWI |
| 3 years | +141.8% | +65.5% | +52.9 pts vs ACWI | −23.4 pts vs ACWI |
| Since launchNot the same days: COPX Apr 2010 · URA Nov 2010 | +146.6% | −45.1% | −248.6 pts vs ACWI | −417.4 pts vs ACWI |
Side by side
As of Oct 28, 2026. Source: ETFIQ.
2% of the two portfolios are the same securities at the same weight.
COPX and URA are built for the same job. How do they differ in cost, holdings and results?
- Theme. COPX covers Copper and URA covers Nuclear and uranium.
- Concentration. The top ten holdings are 50.3% of COPX and 63.0% of URA, a gap of 12.7 points.
- What each follows. COPX follows Copper and URA follows Nuclear and uranium.
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.
URA
By weight, 0% of URA'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 63% of the fund across 57 positions, as filed for Jul 31, 2026. Over the year to Oct 28, 2026 the fund returned −30.3% with distributions reinvested against +13.4% for its benchmark, the MSCI ACWI Index, so a holder was behind by 43.7 pts. It sits 58.4% below its all-time high of Feb 2, 2011.
Questions people ask
- Do COPX and URA hold the same stocks?
- By their latest filings, 2% 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 URA, data as of Oct 28, 2026. https://etfiq.com/compare/themes/copx-vs-ura
ETFIQ. (Oct 28, 2026). COPX against URA. Retrieved from https://etfiq.com/compare/themes/copx-vs-ura
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