Sprott Junior Copper Miners ETF
ALTAR
Score™		 9.5% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 5.1x P/Sales
ratio		 1.1x
P/BV
ratio		 1.3x Div.
yield		 1.0%


  • 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 24
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%

TOP TEN HOLDINGS
CIA DE MINAS BUENAVENTUR-ADR 6.9 %
TASEKO MINES LTD 6.2 %
ERO COPPER CORP. 6.1 %
HUDBAY MINERALS INC 6.0 %
CAPSTONE COPPER CORP. 6.0 %
CHINA GOLD INTERNATIONAL RESOURCES 5.8 %
SANDFIRE RESOURCES NL 5.4 %
MINMETALS RESOURCES LTD 5.2 %
NGEX MINERALS LTD. 4.9 %
FILO CORP. 4.3 %
Total 56.8 %

TOP 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 info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.0% -6.4% -- -- -2.7%

Market Correlations
versus... Beta R-squared
S&P500 1.58 57%
MSCI EAFE 1.64 78%
MSCI Emg. Mkts. 1.42 62%

Technical Indicators
Recent close $22.40
30d moving avg. $17.01
Annualized volatility 27.3%
Short interest (ETF) 0.1%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 13
Turnover 3.9%
Bid/Ask (% of price) 0.73%
ADV underlying (mns) $98

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 9.5%


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
(%)
COPX Global X Copper Miners ETF 15.2 65 10 6.9 -2.6
EPU iShares MSCI Peru and Global Exposure ETF 8.6 59 16 5.5 -4.0
SILJ ETFMG Prime Junior Silver Miners ETFMG Prime Junior Silver M 7.7 69 6 1.3 -8.2
SIL Global X Silver Miners ETF 6.9 65 10 2.6 -6.9
SETM Sprott Energy Transition Materials ETF 5.8 65 10 5.3 -4.2
GDXJ VanEck Junior Gold Miners ETF 4.2 52 23 4.8 -4.6
ION ProShares S&P Global Core Battery Metals ETF 2.8 58 17 11.6 +2.1
DWCR Arrow DWA Tactical: International ETF 2.2 134 -59 7.2 -2.3
ECNS iShares MSCI China Small-Cap ETF 1.9 59 16 14.2 +4.7
RING iShares MSCI Global Gold Miners ETF 1.9 39 36 5.7 -3.8
BATT Amplify Lithium & Battery Technology ETF 1.6 59 16 2.9 -6.6
GMET VanEck Green Metals ETF 1.6 63 12 9.8 +0.3
GDX VanEck Gold Miners ETF 1.6 51 24 4.6 -4.8
SLVP iShares MSCI Global Silver Miners ETF 1.1 39 36 3.8 -5.7
DMAT Global X Disruptive Materials ETF 1.0 59 16 9.9 +0.4
DISV Dimensional International Small Cap Value ETF 0.9 42 33 9.2 -0.3
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.9 85 -10 8.1 -1.4
IFRA iShares U.S. Infrastructure ETF 0.8 30 45 6.3 -3.2
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.8 80 -5 14.2 +4.7
PICK iShares MSCI Global Metals & Mining Producers ETF 0.8 39 36 11.0 +1.5
FM iShares Frontier and Select EM ETF 0.7 80 -5 9.5 +0.0
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.7 45 30 4.9 -4.6
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.6 25 50 7.0 -2.5
DFIS Dimensional International Small Cap ETF 0.5 39 36 6.7 -2.8
GWX SPDR S&P International Small Cap ETF 0.4 40 35 6.6 -2.9
AVDV Avantis International Small Cap Value ETF 0.4 36 39 8.0 -1.5
ISCF iShares International SmallCap Equity Factor ETF 0.4 23 52 8.8 -0.7
CCSO Carbon Collective Climate Solutions US Equity ETF 0.4 35 40 2.3 -7.2
GOEX Global X Gold Explorers ETF 0.4 65 10 4.9 -4.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.3 49 26 6.7 -2.8
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.3 24 51 7.1 -2.3
SGDJ Sprott Junior Gold Miners ETF 0.3 50 25 5.2 -4.2
EWUS iShares MSCI United Kingdom Small Cap ETF 0.2 59 16 6.2 -3.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 36 6.9 -2.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.2 30 45 8.5 -1.0
AVEM Avantis Emerging Markets Equity ETF 0.2 33 42 9.1 -0.4
FLHK Franklin FTSE Hong Kong ETF 0.2 9 66 7.4 -2.1
IWC iShares Micro-Cap ETF 0.2 60 15 -4.3 -13.8
HAP VanEck Natural Resources ETF 0.2 50 25 9.5 -0.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 5 7.2 -2.2
SCHC Schwab International Small-Cap Equity ETF 0.2 11 64 6.4 -3.1
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 35 0.0 -9.5
AVES Avantis Emerging Markets Value ETF 0.1 36 39 12.1 +2.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 37 8.2 -1.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 34 7.8 -1.7
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 41 10.6 +1.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.1 30 45 7.5 -2.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 7 68 6.5 -3.0
DFIC Dimensional International Core Equity 2 ETF 0.1 23 52 7.4 -2.1
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 55 6.7 -2.8
DFSI Dimensional International Sustainability Core 1 ETF 0.1 24 51 6.2 -3.3
DFEV Dimensional Emerging Markets Value ETF 0.1 43 32 10.9 +1.4
AVDE Avantis International Equity ETF 0.1 23 52 7.9 -1.6
SPEM SPDR Portfolio Emerging Markets ETF 0.1 7 68 7.5 -2.0
GXC SPDR S&P China ETF 0.1 59 16 9.0 -0.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 45 7.8 -1.7
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 33 0.0 -9.5
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 66 7.5 -2.0
EMXC iShares MSCI Emerging Markets ex China ETF 0.1 25 50 6.7 -2.8
VPL Vanguard FTSE Pacific ETF 0.1 8 67 6.9 -2.5
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 40 7.7 -1.8
VAW Vanguard Materials ETF 0.1 10 65 6.5 -3.0
IWO iShares Russell 2000 Growth ETF 0.1 24 51 1.4 -8.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 9 7.2 -2.3
VTWG Vanguard Russell 2000 Growth ETF 0.0 15 60 1.7 -7.8
DFAI Dimensional International Core Equity Market ETF 0.0 18 57 6.9 -2.6
EEM iShares MSCI Emerging Markets ETF 0.0 69 6 7.0 -2.5
FMAT Fidelity MSCI Materials Index ETF 0.0 8 67 6.6 -2.9
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.0 9 66 4.0 -5.5
IPAC iShares Core MSCI Pacific ETF 0.0 9 66 6.7 -2.8
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 68 6.9 -2.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 36 7.3 -2.2
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 71 6.7 -2.8
IWM iShares Russell 2000 ETF 0.0 19 56 3.6 -5.9
VTWO Vanguard Russell 2000 ETF 0.0 10 65 3.9 -5.6
ISCG iShares Morningstar Small-Cap Growth ETF 0.0 6 69 2.5 -7.0
VEA Vanguard FTSE Developed Markets ETF 0.0 5 70 7.0 -2.5
VSGX Vanguard ESG International Stock ETF 0.0 12 63 6.8 -2.7
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 45 6.8 -2.7
IEFA iShares Core MSCI EAFE ETF 0.0 7 68 2.7 -6.8
ISCB iShares Morningstar Small-Cap ETF 0.0 4 71 5.3 -4.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 66 5.7 -3.8
ISCV iShares Morningstar Small Cap Value ETF 0.0 6 69 8.1 -1.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 16 9.6 +0.1
VXUS Vanguard Total International Stock ETF 0.0 7 68 7.1 -2.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 41 6.7 -2.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 34 6.7 -2.8
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 72 6.9 -2.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 36 7.6 -1.9
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 56 7.2 -2.3
ACWI iShares MSCI ACWI ETF 0.0 32 43 5.5 -4.0
SCHF Schwab International Equity ETF 0.0 6 69 7.0 -2.5
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 50 5.7 -3.8
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 8 67 7.2 -2.3
VT Vanguard Total World Stock ETF 0.0 7 68 5.8 -3.7
VTHR Vanguard Russell 3000 ETF 0.0 10 65 5.1 -4.4
IWV iShares Russell 3000 ETF 0.0 20 55 5.0 -4.5

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 12.3 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 9.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.31 CATEGORY
AVERAGE		 1.50
 
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.