Sprott Junior Copper Miners ETF
ALTAR
Score™		 1.0% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 51.7x P/Sales
ratio		 3.4x
P/BV
ratio		 2.4x Div.
yield		 1.1%


  • 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) $15
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 20
Wgt avg mkt cap (mns) $450
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
TASEKO MINES LTD 6.7 %
IVANHOE ELECTRIC INC. 5.8 %
SOLARIS RESOURCES INC 5.1 %
ATALAYA MINING PLC 4.5 %
NGEX MINERALS LTD. 4.5 %
ERO COPPER CORP. 4.4 %
FIREFLY METALS, LTD. 4.2 %
MINSUR SA-INVERSIONES 4.2 %
MAC COPPER, LTD. 4.1 %
SANDFIRE RESOURCES NL 4.0 %
Total 47.5 %

TOP COUNTRY EXPOSURE
CANADA 31.8 %
AUSTRALIA 7.9 %
BRITAIN 5.4 %
CYPRUS 4.5 %
PERU 4.2 %
PHILIPPINES 3.9 %
HONG KONG 3.5 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
32.9% 12.6% -- -- 10.1%

Market Correlations
versus... Beta R-squared
S&P500 0.77 16%
MSCI EAFE 1.05 34%
MSCI Emg. Mkts. 1.23 37%

Technical Indicators
Recent close $25.84
30d moving avg. $24.12
Annualized volatility 24.7%
Short interest (ETF) 4.3%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 20
Turnover 3.5%
Bid/Ask (% of price) 0.73%
ADV underlying (mns) $19

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 84 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™: 1.0%


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 12.9 35 40 6.6 +5.6
COPX Global X Copper Miners ETF 10.2 65 10 8.4 +7.3
ICOP iShares Copper and Metals Mining ETF 5.3 47 28 9.1 +8.1
ION ProShares S&P Global Core Battery Metals ETF 3.1 58 17 11.2 +10.2
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 3.0 85 -10 9.9 +8.9
SETM Sprott Energy Transition Materials ETF 1.6 65 10 3.3 +2.2
BATT Amplify Lithium & Battery Technology ETF 1.4 59 16 3.6 +2.6
BRAZ Global X Brazil Active ETF 1.3 75 0 13.2 +12.1
XME SPDR S&P Metals & Mining ETF 0.9 35 40 7.9 +6.9
GMET VanEck Green Metals ETF 0.8 63 12 9.4 +8.4
PICK iShares MSCI Global Metals & Mining Producers ETF 0.8 39 36 13.7 +12.6
IFRA iShares U.S. Infrastructure ETF 0.7 30 45 6.3 +5.2
CCNR ALPS CoreCommodity Natural Resources ETF 0.5 39 36 11.6 +10.6
AVDS Avantis International Small Cap Equity ETF 0.3 30 45 7.6 +6.5
AVDV Avantis International Small Cap Value ETF 0.3 36 39 10.1 +9.1
DISV Dimensional International Small Cap Value ETF 0.3 42 33 9.5 +8.5
ISCF iShares International SmallCap Equity Factor ETF 0.3 23 52 8.4 +7.3
IWC iShares Micro-Cap ETF 0.2 60 15 -0.6 -1.7
CCSO Carbon Collective Climate Solutions US Equity ETF 0.2 35 40 1.1 +0.0
GWX SPDR S&P International Small Cap ETF 0.2 40 35 6.2 +5.2
DFIS Dimensional International Small Cap ETF 0.2 39 36 7.4 +6.4
EWUS iShares MSCI United Kingdom Small Cap ETF 0.2 59 16 7.5 +6.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 26 7.0 +6.0
ECNS iShares MSCI China Small-Cap ETF 0.2 59 16 9.0 +8.0
DXIV Dimensional International Vector Equity ETF 0.1 34 41 8.0 +7.0
SCHC Schwab International Small-Cap Equity ETF 0.1 11 64 6.8 +5.7
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 35 7.0 +6.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 67 6.8 +5.8
AVDE Avantis International Equity ETF 0.1 23 52 7.7 +6.6
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 36 5.9 +4.8
DFIC Dimensional International Core Equity 2 ETF 0.1 23 52 7.7 +6.6
VAW Vanguard Materials ETF 0.1 9 66 6.3 +5.3
VTWG Vanguard Russell 2000 Growth ETF 0.1 10 65 1.5 +0.5
DFSI Dimensional International Sustainability Core 1 ETF 0.1 24 51 6.5 +5.5
IWO iShares Russell 2000 Growth ETF 0.1 24 51 1.4 +0.4
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 33 7.3 +6.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.0 30 45 8.1 +7.1
IPAC iShares Core MSCI Pacific ETF 0.0 9 66 6.9 +5.8
VPL Vanguard FTSE Pacific ETF 0.0 7 68 7.3 +6.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 36 8.3 +7.2
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 71 7.2 +6.2
IWM iShares Russell 2000 ETF 0.0 19 56 4.6 +3.6
DFAI Dimensional International Core Equity Market ETF 0.0 18 57 7.4 +6.3
VTWO Vanguard Russell 2000 ETF 0.0 7 68 4.6 +3.6
FMAT Fidelity MSCI Materials Index ETF 0.0 8 67 6.3 +5.3
RSSL Global X Russell 2000 ETF 0.0 8 67 4.6 +3.5
AVSD Avantis Responsible International Equity ETF 0.0 23 52 5.7 +4.7
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.0 9 66 4.5 +3.5
ISCG iShares Morningstar Small-Cap Growth ETF 0.0 6 69 2.9 +1.9
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 68 8.1 +7.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.0 70 5 7.7 +6.6
AVIE Avantis  Inflation Focused Equity ETF 0.0 25 50 7.4 +6.4
ISCB iShares Morningstar Small-Cap ETF 0.0 4 71 6.3 +5.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 36 6.8 +5.8
IEFA iShares Core MSCI EAFE ETF 0.0 7 68 7.3 +6.2
VSGX Vanguard ESG International Stock ETF 0.0 10 65 8.0 +6.9
VEA Vanguard FTSE Developed Markets ETF 0.0 3 72 7.4 +6.3
VXF Vanguard Extended Market ETF 0.0 5 70 4.8 +3.8
DFEV Dimensional Emerging Markets Value ETF 0.0 43 32 13.2 +12.1
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 72 7.3 +6.2
ISCV iShares Morningstar Small Cap Value ETF 0.0 6 69 9.6 +8.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 34 8.8 +7.8
IWN iShares Russell 2000 Value ETF 0.0 24 51 7.9 +6.8
AVEM Avantis Emerging Markets Equity ETF 0.0 33 42 9.1 +8.1
VXUS Vanguard Total International Stock ETF 0.0 5 70 8.1 +7.0
AVSE Avantis Responsible Emerging Markets Equity ETF 0.0 33 42 8.5 +7.5
DFAS Dimensional U.S. Small Cap ETF 0.0 26 49 6.7 +5.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.0 38 37 9.4 +8.3
VT Vanguard Total World Stock ETF 0.0 6 69 6.0 +5.0
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 40 9.4 +8.3
DFIV Dimensional International Value ETF 0.0 27 48 10.1 +9.1
DCOR Dimensional US Core Equity 1 ETF 0.0 14 61 5.5 +4.5
IEMG iShares Core MSCI Emerging Markets ETF 0.0 9 66 10.4 +9.4
VTHR Vanguard Russell 3000 ETF 0.0 7 68 5.0 +3.9
IWV iShares Russell 3000 ETF 0.0 20 55 4.9 +3.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 72 5.0 +4.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 66 5.9 +4.9
DFUS Dimensional U.S. Equity ETF 0.0 9 66 4.9 +3.9
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 58 5.7 +4.6
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 57 5.5 +4.5
VTI Vanguard Total Stock Market ETF 0.0 3 72 5.0 +3.9
AVES Avantis Emerging Markets Value ETF 0.0 36 39 11.5 +10.5
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.0 42 33 9.8 +8.8
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.0 53 22 7.7 +6.7

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 4.0 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 1.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.46 CATEGORY
AVERAGE		 1.57
 
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.