Themes Copper Miners ETF (COPA) — Stock Correlations & Overview
Over the past year, COPA has moved most closely with COPX, ICOP, COPP. Explore the stocks most correlated and inversely correlated with COPA below, along with its price, financials, and company profile.
Stocks correlated with COPA
Correlation of daily returns. Higher positive values move with COPA; negative values move opposite it. Informational only, not investment advice.
Most correlated with COPA
| Symbol | Company | Correlation |
|---|---|---|
| COPX | Global X Copper Miners ETF (NEW) | 0.97 |
| ICOP | iShares Copper and Metals Mining ETF | 0.96 |
| COPP | Sprott Copper Miners ETF | 0.96 |
| PICK | iShares MSCI Global Metals & Mining Producers ETF | 0.94 |
| COPJ | Sprott Junior Copper Miners ETF | 0.91 |
Most inversely correlated with COPA
| Symbol | Company | Correlation |
|---|---|---|
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.79 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.78 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.78 |
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.74 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.73 |
Frequently asked questions about COPA correlations
- Which stocks are most correlated with COPA?
- Based on one year of daily returns, the stocks most correlated with Themes Copper Miners ETF (COPA) are COPX (0.97), ICOP (0.96) and COPP (0.96). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with COPA?
- Over the past year, the stocks most inversely correlated with Themes Copper Miners ETF (COPA) are JDST (-0.79), GDXD (-0.78) and DUST (-0.78). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these COPA correlations calculated?
- We compute the correlation of daily returns between COPA and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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