COPJ
Sprott Junior Copper Miners ETF
COPJ seeks to track an index of small copper miners around the globe, primarily those with revenues tied to the mining, development and production of copper. Securities are selected using a fundamental, proprietary methodology and weighted by market cap.
Fund Basics
| Fund sponsor | Sprott |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 02, 2023 |
| Assets (mns) | $8 |
| Expense ratio | 75 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CIA DE MINAS BUENAVENTUR-ADR | 6.9 % |
| TASEKO MINES LTD | 6.2 % |
| ERO COPPER CORP. | 6.1 % |
| HUDBAY MINERALS INC | 6.0 % |
| CHINA GOLD INTERNATIONAL RESOURCES CORP. | 5.8 % |
| SANDFIRE RESOURCES NL | 5.4 % |
| MINMETALS RESOURCES LTD | 5.2 % |
| NGEX MINERALS LTD. | 4.9 % |
| ATALAYA MINING PLC | 4.3 % |
| CENTRAL ASIA METALS PLC | 4.1 % |
Constituent Breakdown
| Number of holdings | 24 |
| Herfindahl-Hirschman Index | 434 |
| Wgt avg mkt cap (mns) | $1,060 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 23.0% |
| Small cap (<$2bn) | 77.0% |
| Developed mkts. | 84.4% |
| Emerging mkts. | 15.6% |
Country Exposure
 |
CANADA | 41.1 % |
 |
AUSTRALIA | 8.2 % |
 |
HONG KONG | 8.0 % |
 |
PERU | 6.9 % |
 |
BRITAIN | 5.9 % |
 |
CYPRUS | 4.3 % |
 |
PHILIPPINES | 1.0 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -4.0% | -6.4% | -- | -- | -- | -- | -2.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.58 | 57% |
| MSCI EAFE | 1.64 | 78% |
| MSCI Emg Mkts | 1.42 | 62% |
Liquidity Measures
| Avg. volume (000) | 13 |
| Turnover | 3.9% |
| Avg. Bid/Ask (% of price) | 0.73% |
| ADV of underlying (mns) | $98 |
Technical Indicators
| Recent close | $23.04 |
| 30d moving avg. | $17.01 |
| Annualized volatility | 27.3% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 4.9% |
| 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. COPJ |
Expenses vs. COPJ |
ALTAR Score™ vs. COPJ |
|---|---|---|---|---|
| COPX | Global X Copper Miners ETF | 15.2% | -10 bp | -2.6% |
Risk and Returns: COPJ 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 5/7/2024
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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
COPJ
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
COPJ
9.3%
Cat. Avg
3.5%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 9.3% |
Recommendation
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
Category Overview
There are 347 funds in the Global Equities category, with an average ALTAR Score™
of 3.5% and a standard deviation of
4.8%. COPJ's ALTAR Score™ is approximately
1.2 standard deviations
above
the category average. This places COPJ in the 89th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
COPJ
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| COPJ | 75.0 | 72.5 | 147.5 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .