COPA vs ZVOL
Comparison between THEMES COPPER MINERS ETF (COPA, ETF) and VOLATILITY PREMIUM PLUS ETF (ZVOL, ETF).
COPA vs ZVOL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
COPA vs ZVOL - Holdings Comparison
COPA and ZVOL have 0 common holdings. Overlap is 0.00%
COPA's top 25 holdings weight is 77.66%. ZVOL's top 25 holdings weight is 57.64%.
| Rank | COPA | ZVOL |
|---|---|---|
| #1 | FREEPORT-MCMORAN INC (FCX) - 7.92% | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 57.64% |
| #2 | JIUJIANG DEFU TECHNOLOGY CO LTD ORDINARY SHARES CLASS A (n/a) - 7.13% | N/A |
| #3 | BHP GROUP LTD (n/a) - 4.54% | N/A |
| #4 | LUNDIN MINING CORP (LUNMF) - 3.89% | N/A |
| #5 | TECK RESOURCES LTD CLASS B (SUB VOTING) (n/a) - 3.76% | N/A |
| #6 | FIRST QUANTUM MINERALS LTD (FQVLF) - 3.69% | N/A |
| #7 | GLENCORE PLC (n/a) - 3.65% | N/A |
| #8 | ANTOFAGASTA PLC (n/a) - 3.34% | N/A |
| #9 | CAPSTONE COPPER CORP (CSCCF) - 3.23% | N/A |
| #10 | ARIZONA SONORAN COPPER CO INC (n/a) - 2.94% | N/A |
| #11 | SOUTHERN COPPER CORP (SCCO) - 2.94% | N/A |
| #12 | IVANHOE MINES LTD CLASS A (n/a) - 2.77% | N/A |
| #13 | CHINA NONFERROUS MINING CORP LTD (n/a) - 2.62% | N/A |
| #14 | AURUBIS AG (n/a) - 2.51% | N/A |
| #15 | TASEKO MINES LTD (n/a) - 2.42% | N/A |
| #16 | SANDFIRE RESOURCES LTD (n/a) - 2.40% | N/A |
| #17 | ATALAYA MINING COPPER SA (n/a) - 2.39% | N/A |
| #18 | MMG LTD (n/a) - 2.22% | N/A |
| #19 | GUANGDONG FEINAN RESOURCES RECYCLING CO LTD CLASS A (n/a) - 2.17% | N/A |
| #20 | HUDBAY MINERALS INC (HBM) - 2.10% | N/A |
| #21 | JIANGXI COPPER CO LTD CLASS A (n/a) - 2.10% | N/A |
| #22 | ERO COPPER CORP (ERO) - 1.97% | N/A |
| #23 | SOLARIS RESOURCES INC ORDINARY SHARES (n/a) - 1.85% | N/A |
| #24 | GANZHOU TENG YUAN COBALT NEW MATERIAL CO LTD CLASS A (n/a) - 1.70% | N/A |
| #25 | BOLIDEN AB (n/a) - 1.41% | N/A |
| Total Holdings | 58 | 1 |
COPA vs ZVOL - Historical Returns
Returns include dividend reinvestment.
COPA vs ZVOL - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | COPA | ZVOL |
|---|---|---|
| 2026 | +12.19% | -2.02% |
| 2025 | +99.46% | -11.40% |
| 2024 | -14.59% | +8.63% |
| 2023 | N/A | +51.64% |
COPA vs ZVOL Drawdown Comparison
The maximum drawdown for COPA was -34.73%, occurring on Apr 8, 2025. Recovery took 183 trading sessions.
The maximum drawdown for ZVOL was -37.19%, occurring on Apr 21, 2025. This drawdown has not yet recovered.
The current COPA drawdown is -12.78%. The current ZVOL drawdown is -21.70%.
| Rank | COPA | ZVOL |
|---|---|---|
| #1 | -34.73% Oct 7, 2024 - Jul 2, 2025 | -37.19% Jul 10, 2024 - Apr 21, 2025 |
| #2 | -28.05% Jan 29, 2026 - Jun 2, 2026 | -18.00% Sep 14, 2023 - Nov 16, 2023 |
| #3 | -12.78% Jun 2, 2026 - Jun 5, 2026 | -8.63% Jan 23, 2024 - Apr 29, 2024 |
| #4 | -11.11% Oct 13, 2025 - Dec 1, 2025 | -8.13% Dec 14, 2023 - Jan 9, 2024 |
| #5 | -6.74% Jul 22, 2025 - Aug 12, 2025 | -7.47% Jul 26, 2023 - Aug 31, 2023 |
| #6 | -5.05% Oct 8, 2025 - Oct 13, 2025 | -6.06% May 21, 2024 - Jul 10, 2024 |
| #7 | -3.66% Jul 2, 2025 - Jul 22, 2025 | -5.65% Apr 19, 2023 - May 18, 2023 |
| #8 | -3.66% Jan 6, 2026 - Jan 12, 2026 | -4.24% Jan 10, 2024 - Jan 22, 2024 |
| #9 | -2.79% Sep 15, 2025 - Sep 22, 2025 | -2.31% Jul 14, 2023 - Jul 25, 2023 |
| #10 | -2.76% Oct 2, 2024 - Oct 7, 2024 | -2.06% Jun 30, 2023 - Jul 10, 2023 |
| #11 | -2.75% Aug 13, 2025 - Aug 22, 2025 | -1.72% May 18, 2023 - May 26, 2023 |
| #12 | -2.72% Dec 26, 2025 - Jan 5, 2026 | -1.68% Jun 16, 2023 - Jun 26, 2023 |
| #13 | -2.19% Sep 3, 2025 - Sep 8, 2025 | -1.51% Apr 29, 2024 - May 2, 2024 |
| #14 | -1.85% Dec 11, 2025 - Dec 19, 2025 | -1.34% Nov 28, 2023 - Dec 8, 2023 |
| #15 | -1.63% Dec 5, 2025 - Dec 10, 2025 | -1.12% Sep 5, 2023 - Sep 8, 2023 |
Correlation
Correlation between COPA and ZVOL is -0.25 which considered as a very weak or no correlation - the stocks move independently of each other.
Dividend Comparison (2023 - 2026)
COPA vs ZVOL dividend yield comparison.
| Year | COPA | ZVOL |
|---|---|---|
| 2026 | 0.00% | 29.54% |
| 2025 | 4.26% | 53.44% |
| 2024 | 1.33% | 30.68% |
| 2023 | 0.00% | 0.55% |
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