Sprott Junior Copper Miners ETF
ALTAR
Score™		 17.2% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 2.8x P/Sales
ratio		 0.8x
P/BV
ratio		 1.1x Div.
yield		 0.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
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
Category Global Equities
Fund Sponsor Sprott
Website www.sprottetfs.com/copj-sprott-junior-copper-miners-etf/
Inception date Jan 02, 2023
Assets (mns) $7
Currency USD
Expense ratio 75 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 21
Wgt avg mkt cap (mns) $764
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 16.3%
Small cap (<$2bn) 83.7%
Developed mkts 85.5%
Emerging mkts 14.5%

TOP TEN HOLDINGS
NGEX MINERALS LTD. 6.7 %
SANDFIRE RESOURCES NL 6.0 %
MINSUR SA-INVERSIONES 5.6 %
FORAN MINING CORPORATION 5.3 %
IVANHOE ELECTRIC INC. 4.8 %
FIREFLY METALS, LTD. 4.7 %
METALS ACQUISITION, LTD. 4.5 %
ATALAYA MINING PLC 4.5 %
ERO COPPER CORP. 4.1 %
TASEKO MINES LTD 4.1 %
Total 50.3 %

TOP COUNTRY EXPOSURE
CANADA 37.1 %
AUSTRALIA 9.8 %
BRITAIN 6.5 %
PERU 5.6 %
CYPRUS 4.5 %
HONG KONG 3.3 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-0.2% 14.0% -- -- 0.5%

Market Correlations
versus... Beta R-squared
S&P500 1.06 28%
MSCI EAFE 1.28 55%
MSCI Emg. Mkts. 1.36 53%

Technical Indicators
Recent close $21.74
30d moving avg. $22.82
Annualized volatility 24.4%
Short interest (ETF) 0.1%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 5
Turnover 1.5%
Bid/Ask (% of price) 0.73%
ADV underlying (mns) $35

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 76 potential alternatives to the Sprott Junior Copper Miners ETF ETF based on the alternatives' overlap in portfolio holdings with COPJ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: COPJ Expense: 75 bp ALTAR Score™: 17.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH COPJ
Ticker Fund
Name		 Overlap1
vs COPJ
(%)		 Expense
ratio
(bp)		 Savings
vs COPJ
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs COPJ
(%)
COPA Themes Copper Miners ETF 13.7 35 40 7.3 -9.9
COPX Global X Copper Miners ETF 10.8 65 10 8.2 -9.0
ICOP iShares Copper and Metals Mining ETF 5.5 47 28 10.1 -7.1
BRAZ Global X Brazil Active ETF 2.1 75 0 10.1 -7.1
SETM Sprott Energy Transition Materials ETF 2.0 65 10 6.0 -11.3
ION ProShares S&P Global Core Battery Metals ETF 1.8 58 17 15.5 -1.7
BATT Amplify Lithium & Battery Technology ETF 1.4 59 16 -0.1 -17.3
CGV Conductor Global Equity Value ETF 0.9 130 -55 10.9 -6.3
PICK iShares MSCI Global Metals & Mining Producers ETF 0.8 39 36 12.8 -4.4
XME SPDR S&P Metals & Mining ETF 0.7 35 40 8.3 -9.0
IFRA iShares U.S. Infrastructure ETF 0.5 30 45 5.9 -11.3
DISV Dimensional International Small Cap Value ETF 0.5 42 33 9.1 -8.1
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.4 85 -10 8.6 -8.6
AVDV Avantis International Small Cap Value ETF 0.4 36 39 8.1 -9.1
ISCF iShares International SmallCap Equity Factor ETF 0.3 23 52 9.1 -8.1
DFIS Dimensional International Small Cap ETF 0.3 39 36 6.9 -10.3
CCSO Carbon Collective Climate Solutions US Equity ETF 0.3 35 40 1.9 -15.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.2 80 -5 10.8 -6.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 26 7.0 -10.2
IWC iShares Micro-Cap ETF 0.2 60 15 -4.9 -22.1
EWUS iShares MSCI United Kingdom Small Cap ETF 0.2 59 16 5.8 -11.4
SCHC Schwab International Small-Cap Equity ETF 0.2 11 64 6.6 -10.6
GWX SPDR S&P International Small Cap ETF 0.2 40 35 6.5 -10.7
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 35 6.6 -10.6
ECNS iShares MSCI China Small-Cap ETF 0.1 59 16 14.2 -3.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 36 7.2 -10.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 7 68 6.7 -10.5
AVDE Avantis International Equity ETF 0.1 23 52 8.1 -9.2
NANR SPDR S&P North American Natural Resources ETF 0.1 35 40 7.4 -9.8
DFIC Dimensional International Core Equity 2 ETF 0.1 23 52 7.7 -9.5
DFSI Dimensional International Sustainability Core 1 ETF 0.1 24 51 6.5 -10.7
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 33 6.4 -10.8
IWO iShares Russell 2000 Growth ETF 0.1 24 51 0.6 -16.7
VTWG Vanguard Russell 2000 Growth ETF 0.1 15 60 0.7 -16.5
FMAT Fidelity MSCI Materials Index ETF 0.1 8 67 6.4 -10.8
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.1 9 66 3.3 -13.9
VAW Vanguard Materials ETF 0.0 10 65 6.3 -10.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.0 30 45 8.0 -9.2
VPL Vanguard FTSE Pacific ETF 0.0 8 67 7.7 -9.5
IPAC iShares Core MSCI Pacific ETF 0.0 9 66 7.2 -10.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 36 7.4 -9.8
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 71 7.1 -10.1
AVSD Avantis Responsible International Equity ETF 0.0 23 52 7.1 -10.1
DFAI Dimensional International Core Equity Market ETF 0.0 18 57 7.3 -9.9
VTWO Vanguard Russell 2000 ETF 0.0 10 65 2.9 -14.3
RSSL Global X Russell 2000 ETF 0.0 8 67 2.6 -14.6
IWM iShares Russell 2000 ETF 0.0 19 56 2.8 -14.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.0 70 5 7.7 -9.5
SILJ ETFMG Prime Junior Silver Miners ETF 0.0 69 6 1.5 -15.7
CCNR ALPS CoreCommodity Natural Resources ETF 0.0 39 36 11.0 -6.2
IEFA iShares Core MSCI EAFE ETF 0.0 7 68 7.1 -10.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.0 20 55 4.6 -12.6
ISCG iShares Morningstar Small-Cap Growth ETF 0.0 6 69 2.3 -15.0
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 68 7.2 -10.0
ISCB iShares Morningstar Small-Cap ETF 0.0 4 71 4.8 -12.4
VSGX Vanguard ESG International Stock ETF 0.0 12 63 6.8 -10.4
VEA Vanguard FTSE Developed Markets ETF 0.0 5 70 7.3 -9.9
ISCV iShares Morningstar Small Cap Value ETF 0.0 6 69 7.2 -10.0
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 72 7.2 -10.0
VXF Vanguard Extended Market ETF 0.0 6 69 3.5 -13.7
VXUS Vanguard Total International Stock ETF 0.0 7 68 7.2 -10.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 66 5.4 -11.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 36 7.5 -9.7
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 50 5.2 -12.0
AVEM Avantis Emerging Markets Equity ETF 0.0 33 42 8.9 -8.3
DFEV Dimensional Emerging Markets Value ETF 0.0 43 32 11.1 -6.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 34 7.4 -9.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.0 38 37 7.8 -9.4
VT Vanguard Total World Stock ETF 0.0 7 68 5.5 -11.7
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 40 7.3 -9.9
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 66 7.5 -9.8
IWV iShares Russell 3000 ETF 0.0 20 55 4.7 -12.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 72 4.8 -12.4
VTHR Vanguard Russell 3000 ETF 0.0 10 65 4.7 -12.5
VTI Vanguard Total Stock Market ETF 0.0 3 72 4.7 -12.5
AVES Avantis Emerging Markets Value ETF 0.0 36 39 11.6 -5.6

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Sprott Junior Copper Miners ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.4 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 17.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.37 CATEGORY
AVERAGE		 1.53
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.