COPA
Themes Copper Miners ETF
The Themes Copper Miners ETF seeks to provide investors with exposure to companies that are engaged in the mining, production, and distribution of copper, capitalizing on the growing demand for the metal in various industries.
International
EQUITY
Passive
MANAGEMENT STYLE
0.7 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Fund sponsor | Themes |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 23, 2024 |
| Assets (mns) | $1 |
| Expense ratio | 35 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| FREEPORT-MCMORAN COPPER | 9.7 % |
| FIRST QUANTUM MINERALS LTD | 5.6 % |
| JIUJIANG DEFU TECHNOLOGY CO LTD | 4.8 % |
| BHP BILLITON LTD | 4.6 % |
| GLENCORE INTERNATIONAL PLC | 4.3 % |
| SOUTHERN COPPER CORP | 4.2 % |
| CAPSTONE MINING CORP | 4.0 % |
| ANTOFAGASTA PLC | 3.9 % |
| CHINA NONFERROUS MINING CORP. LTD. | 3.8 % |
| MINMETALS RESOURCES LTD | 3.8 % |
Constituent Breakdown
| Number of holdings | 40 |
| Herfindahl-Hirschman Index | 377 |
| Wgt avg mkt cap (mns) | $21,879 |
| Large cap (>$10bn) | 38.6% |
| Mid cap ($2-10bn) | 39.8% |
| Small cap (<$2bn) | 20.0% |
| Developed mkts. | 87.2% |
| Emerging mkts. | 12.8% |
Country Exposure
 |
CANADA | 33.5 % |
 |
UNITED STATES | 13.9 % |
 |
AUSTRALIA | 10.0 % |
 |
CHINA | 8.7 % |
 |
HONG KONG | 5.3 % |
 |
BRITAIN | 4.8 % |
 |
SWITZERLAND | 4.3 % |
 |
GERMANY | 3.0 % |
 |
JAPAN | 2.6 % |
 |
PERU | 2.5 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -10.0% | -- | -- | -- | -- | -- | -10.0% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $928 |
Technical Indicators
| Recent close | $23.09 |
| 30d moving avg. | $25.09 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 0 |
| Short interest (ETF) | 1.3% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. COPA |
Expenses vs. COPA |
ALTAR Score™ vs. COPA |
|---|---|---|---|---|
| COPX | Global X Copper Miners ETF | 63.3% | +30 bp | +0.8% |
| ICOP | iShares Copper and Metals Mining ETF | 47.1% | +12 bp | +3.1% |
| GMET | VanEck Green Metals ETF | 33.7% | +28 bp | +3.7% |
| CRIT | Optica Rare Earths & Critical Materials ETF Optica Rare Eart | 24.9% | +50 bp | +1.5% |
| DMAT | Global X Disruptive Materials ETF | 24.1% | +24 bp | +3.3% |
| PICK | iShares MSCI Global Metals & Mining Producers ETF | 23.8% | +4 bp | +6.1% |
| SETM | Sprott Energy Transition Materials ETF | 18.0% | +30 bp | -1.6% |
| COPJ | Sprott Junior Copper Miners ETF | 13.4% | +40 bp | +14.4% |
| EV | Mast Global Battery Recycling & Production ETF | 12.3% | +30 bp | +4.1% |
| GNR | SPDR S&P Global Natural Resources ETF | 12.1% | +5 bp | +2.6% |
Risk and Returns: COPA vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/20/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
COPA
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
COPA
8.3%
Cat. Avg
7.5%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.5% and a standard deviation of
2.7%. COPA's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places COPA in the 61st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
COPASELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive International Equity ETFs |
| # of ETFs | 77 |
| Avg. Expense Ratio | 38.8 bp |
| Std. Deviation | 21.2 bp |
| COPA (35 bp) Percentile rank | 43 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| COPA | 35.0 | 0.0 | 35 |
| Peer Avg. | 42.0 | 17.5 | 59.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .