Sprott Junior Copper Miners ETF
ALTAR
Score™		 -0.3% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 54.2x P/Sales
ratio		 4.5x
P/BV
ratio		 3.6x 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) $87
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 19
Wgt avg mkt cap (mns) $841
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 7.5%
Small cap (<$2bn) 92.5%
Developed mkts 91.7%
Emerging mkts 8.3%

TOP TEN HOLDINGS
MINSUR SA-INVERSIONES 5.0 %
ATALAYA MINING PLC 4.6 %
NOVACOPPER INC 4.4 %
ATEX RESOURCES INC. 4.3 %
IVANHOE ELECTRIC INC. 4.3 %
ERO COPPER CORP. 4.3 %
TASEKO MINES LTD 4.1 %
SOCIEDAD PUNTA DEL COBRE SA 3.9 %
FIREFLY METALS, LTD. 3.8 %
IMPERIAL METALS CORP 3.8 %
Total 42.6 %

TOP COUNTRY EXPOSURE
CANADA 29.0 %
BRITAIN 6.1 %
AUSTRALIA 5.6 %
PERU 5.0 %
CYPRUS 4.6 %
PHILIPPINES 3.3 %
HONG KONG 1.2 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
140.6% 140.6% -- -- 37.6%

Market Correlations
versus... Beta R-squared
S&P500 0.96 29%
MSCI EAFE 1.24 34%
MSCI Emg. Mkts. 1.18 35%

Technical Indicators
Recent close $44.42
30d moving avg. $37.35
Annualized volatility 27.3%
Short interest (ETF) 2.3%
Relative strength (RSI) 71

Liquidity measures
Avg. volume (thou.) 157
Turnover 8.0%
Bid/Ask (% of price) 0.69%
ADV underlying (mns) $19

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 92 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™: -0.3%


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 15.1 35 40 3.5 +3.9
COPX Global X Copper Miners ETF 5.2 65 10 4.3 +4.6
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.8 45 30 1.6 +2.0
BRAZ Global X Brazil Active ETF 2.8 75 0 10.6 +11.0
XME State Street SPDR S&P Metals & Mining ETF 1.9 35 40 5.3 +5.6
ICOP iShares Copper and Metals Mining ETF 1.7 47 28 5.8 +6.1
SETM Sprott Energy Transition Materials ETF 1.7 65 10 1.4 +1.7
OTGL OTG Latin America ETF 1.3 269 -194 7.1 +7.5
IFRA iShares U.S. Infrastructure ETF 0.7 30 45 5.8 +6.1
ION ProShares S&P Global Core Battery Metals ETF 0.6 58 17 5.1 +5.5
JSML Janus Henderson Small Cap Growth Alpha ETF 0.6 30 45 7.0 +7.3
FYC First Trust Small Cap Growth AlphaDEX Fund 0.5 71 4 -1.3 -1.0
PICK iShares MSCI Global Metals & Mining Producers ETF 0.5 39 36 8.8 +9.1
AVDV Avantis International Small Cap Value ETF 0.4 36 39 7.7 +8.1
GWX SPDR S&P International Small Cap ETF 0.4 40 35 6.0 +6.3
CCSO Carbon Collective Climate Solutions US Equity ETF 0.4 35 40 1.1 +1.4
IWC iShares Micro-Cap ETF 0.4 60 15 -1.3 -0.9
CCNR ALPS CoreCommodity Natural Resources ETF 0.4 39 36 7.4 +7.7
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.3 80 -5 9.5 +9.8
AVDS Avantis International Small Cap Equity ETF 0.3 30 45 6.0 +6.3
EWUS iShares MSCI United Kingdom Small Cap ETF 0.3 59 16 7.0 +7.3
FYX First Trust Small Cap Core AlphaDEX Fund 0.3 61 14 5.0 +5.4
NANR SPDR S&P North American Natural Resources ETF 0.2 35 40 6.8 +7.1
DFIS Dimensional International Small Cap ETF 0.2 39 36 6.2 +6.6
DFE WisdomTree Europe SmallCap Dividend Fund 0.1 58 17 7.3 +7.6
DXIV Dimensional International Vector Equity ETF 0.1 34 41 6.7 +7.0
ECNS iShares MSCI China Small-Cap ETF 0.1 59 16 8.9 +9.2
DISV Dimensional International Small Cap Value ETF 0.1 42 33 8.0 +8.4
FMAT Fidelity MSCI Materials Index ETF 0.1 8 67 5.4 +5.7
VAW Vanguard Materials ETF 0.1 9 66 5.4 +5.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.1 64 11 0.9 +1.2
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.1 9 66 3.5 +3.8
IWO iShares Russell 2000 Growth ETF 0.1 24 51 0.6 +1.0
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 52 7.4 +7.7
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 33 6.6 +6.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 26 6.2 +6.5
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 17 7.2 +7.6
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 62 2.5 +2.8
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 69 2.5 +2.8
VTWG Vanguard Russell 2000 Growth ETF 0.1 10 65 0.8 +1.1
RSSL Global X Russell 2000 ETF 0.1 8 67 3.2 +3.5
IWM iShares Russell 2000 ETF 0.1 19 56 3.1 +3.5
DFIC Dimensional International Core Equity 2 ETF 0.1 23 52 6.4 +6.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 36 5.3 +5.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 8 67 6.5 +6.8
VTWO Vanguard Russell 2000 ETF 0.0 7 68 3.3 +3.6
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 51 5.5 +5.8
AVDE Avantis International Equity ETF 0.0 23 52 6.4 +6.7
SCZ iShares MSCI EAFE Small-Cap ETF 0.0 40 35 6.2 +6.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.0 20 55 4.8 +5.1
AVIE Avantis  Inflation Focused Equity ETF 0.0 25 50 6.3 +6.7
ISCB iShares Morningstar Small-Cap ETF 0.0 4 71 5.1 +5.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.0 30 45 6.6 +6.9
VXF Vanguard Extended Market ETF 0.0 5 70 3.9 +4.2
DFAI Dimensional International Core Equity Market ETF 0.0 18 57 6.0 +6.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 36 6.8 +7.1
IWN iShares Russell 2000 Value ETF 0.0 24 51 5.8 +6.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.0 70 5 6.9 +7.2
DFAS Dimensional U.S. Small Cap ETF 0.0 26 49 5.8 +6.1
VTWV Vanguard Russell 2000 Value ETF 0.0 10 65 5.8 +6.2
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 71 6.1 +6.4
DFEV Dimensional Emerging Markets Value ETF 0.0 43 32 10.5 +10.8
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 50 4.7 +5.0
AVSD Avantis Responsible International Equity ETF 0.0 23 52 4.7 +5.0
AVES Avantis Emerging Markets Value ETF 0.0 36 39 9.5 +9.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 16 7.5 +7.9
AVSE Avantis Responsible Emerging Markets Equity ETF 0.0 33 42 7.0 +7.3
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 68 6.7 +7.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 34 7.1 +7.4
SPEU SPDR Portfolio Europe ETF 0.0 7 68 6.3 +6.7
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 57 4.5 +4.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 66 4.9 +5.2
VSGX Vanguard ESG International Stock ETF 0.0 10 65 6.7 +7.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.0 38 37 7.5 +7.9
VPL Vanguard FTSE Pacific ETF 0.0 7 68 5.8 +6.1
IEFA iShares Core MSCI EAFE ETF 0.0 7 68 6.1 +6.4
VEA Vanguard FTSE Developed Markets ETF 0.0 3 72 6.1 +6.5
VXUS Vanguard Total International Stock ETF 0.0 5 70 6.8 +7.1
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 40 7.4 +7.8
IWV iShares Russell 3000 ETF 0.0 20 55 4.0 +4.4
VTI Vanguard Total Stock Market ETF 0.0 3 72 4.2 +4.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 72 4.2 +4.5
DCOR Dimensional US Core Equity 1 ETF 0.0 14 61 4.6 +5.0
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 58 4.7 +5.0
VTHR Vanguard Russell 3000 ETF 0.0 7 68 4.2 +4.5
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 66 8.5 +8.8
DFUS Dimensional U.S. Equity ETF 0.0 9 66 4.1 +4.4
VT Vanguard Total World Stock ETF 0.0 6 69 5.1 +5.4
DFAU Dimensional US Core Equity Market ETF 0.0 12 63 4.3 +4.7
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.0 53 22 6.1 +6.4
AVEM Avantis Emerging Markets Equity ETF 0.0 33 42 7.3 +7.6
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.0 42 33 8.6 +9.0

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

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
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:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 1.5 %
Divided by: Fwd. P/BV 3.6 x
Less: Expense ratio 75 bp
Equals: ALTAR Score -0.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.50 CATEGORY
AVERAGE		 1.58
 
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.