Do ICOP 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, ICOP or ZAP?

ICOP has 13% of its weight in S&P 500 names and ZAP has 76%, so ICOP differs more from the index.

Which is cheaper, ICOP or ZAP?

ICOP charges 0.47% a year and ZAP charges 0.50%, so ICOP is cheaper. Fees come from each fund's prospectus.

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ICOP vs ZAP: which is really different?

ICOP and ZAP hold 0% of their weight in the same names, and ICOP returned +44.3% over the year. iShares Copper and Metals Mining ETF and Global X U.S. Electrification ETF.

13.2%

ICOP in the S&P 500

75.5%

ZAP in the S&P 500

+44.3%

ICOP total return, 1 year

+4.9%

ZAP total return, 1 year

ICOP · 1 year to Sep 30, 202687% of its weight is outside the S&P 500

13% of ICOP's weight is in S&P 500 companies and 87% 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 · ICOP scores higherHow much of it is not the index it is sold as an alternative to?

ICOP 74.4

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, ICOP 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 Sep 29, 2026 and Sep 30, 2026.

50%

half

0% in common

Positions both hold, largest shared weight first

Holding ICOP ZAP

Only in ICOP

FREEPORT MCMORAN INC 8.29%

ANGLO AMERICAN PLC 8.16%

GRUPO MEXICO B 8.11%

BHP GROUP LTD 7.76%

TECK RESOURCES SUBORDINATE VOTING 5.68%

NEWMONT 4.93%

SOUTHERN COPPER CORP 4.89%

FIRST QUANTUM MINERALS 4.80%

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	ICOP	ZAP	ICOP	ZAP	ICOP	ZAP
3 months	+9.6%	−9.8%	+7.1 pts	−12.3 pts	+7.5 pts	−11.9 pts
6 months	+8.9%	−5.3%	−8.0 pts	−22.3 pts	−17.9 pts	−32.2 pts
1 year	+44.3%	+4.9%	+28.5 pts	−10.8 pts	+20.5 pts	−18.9 pts
3 years	+137.4%	not published	+52.4 pts	not published	+27.4 pts	not published
Since launch ICOP Jun 2023 · ZAP Dec 2024	+134.9%	+30.4%	+51.7 pts	−2.6 pts	+27.1 pts	−14.2 pts

ICOP 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

ICOP

iShares Copper and Metals Mining ETF · Holds 87 stocks in copper, 13% 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 iShares Global X

Theme Copper Electrification and the grid

In the S&P 500 13.2% 75.5%

Active share vs the S&P 500 99.7% 97.9%

In the Nasdaq-100 0.0% 15.3%

Holdings 87 47

Top ten, share of the fund 61.5% 43.8%

Expense ratio 0.47% 0.50%

Fee for the differing part 0.47% 0.51%

Total return, 1 year +44.3% +4.9%

vs the S&P 500 +28.5 pts −10.8 pts

vs the Nasdaq-100 +20.5 pts −18.9 pts

Below its high −12.6% −12.6%

Net assets $467m $436m

ICOP and ZAP on the same fields, as of Sep 30, 2026. Source: ETFIQ.

ICOP in plain words

By weight, 13% of ICOP'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 62% of the fund across 87 positions, as published by its issuer for Sep 29, 2026. Over the year to Sep 30, 2026 the fund returned +44.3% with distributions reinvested against +15.7% for the S&P 500, so a holder was ahead by 28.5 pts. It sits 12.6% below its all-time high of Aug 25, 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 ICOP 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, ICOP or ZAP?: ICOP has 13% of its weight in S&P 500 names and ZAP has 76%, so ICOP differs more from the index.
Which is cheaper, ICOP or ZAP?: ICOP charges 0.47% a year and ZAP charges 0.50%, so ICOP is cheaper. Fees come from each fund's prospectus.

Other comparisons

ICOP vs GRID ICOP vs JOUL ICOP vs POW ICOP vs POWR ZAP vs COPA ZAP vs COPJ ZAP vs COPP ZAP vs COPX

ICOP on its own →ZAP on its own →How every figure is computed →Standards and sources →

Where these figures came from

ICOP filings on SEC EDGAR ↗ICOP prospectus with the expense ratio (SEC) ↗iShares page for ICOP ↗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, ICOP against ZAP, data as of Sep 30, 2026. https://etfiq.com/compare/themes/icop-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.