Global X Copper Miners ETF
ALTAR
Score™
11.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
12.8x P/Sales
ratio
0.5x
P/BV
ratio
0.6x Div.
yield
3.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X Copper Miners ETF is an exchange-traded fund incorporated in the USA. The seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Copper Miners Index ("Underlying Index").

FUND BASICS
Category Global Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date Apr 20, 2010
Assets (mns) $37
Currency USD
Expense ratio 65 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Brown Brothers Harriman & Co
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 27
Wgt avg mkt cap (mns) $5,714
Large cap (>$10bn) 15.8%
Mid cap ($2-10bn) 55.1%
Small cap (<$2bn) 25.9%
Developed mkts 71.8%
Emerging mkts 28.2%

TOP TEN HOLDINGS
ZIJIN MINING GROUP CO LTD-H 7.5 %
ANTOFAGASTA PLC 5.9 %
SOUTHERN COPPER CORP 5.8 %
JIANGXI COPPER COMPANY LTD-H 5.5 %
KAZAKHMYS PLC 5.3 %
GRUPO MEXICO SAB DE CV-SER B 5.2 %
BOLIDEN AB 4.9 %
LUNDIN MINING CORP 4.9 %
FREEPORT-MCMORAN COPPER 4.9 %
OZ MINERALS LTD 4.8 %
Total 54.9 %

TOP COUNTRY EXPOSURE
CANADA 18.9 %
BRITAIN 14.5 %
CHINA 13.1 %
UNITED STATES 10.7 %
AUSTRALIA 6.9 %
HONG KONG 5.7 %
MEXICO 5.2 %
SWEDEN 4.9 %
POLAND 4.8 %
SWITZERLAND 3.6 %

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.
-41.8% -45.2% -9.0% -- -9.9%

Market Correlations
versus... Beta R-squared
S&P500 1.40 44%
MSCI EAFE 1.61 56%
MSCI Emg. Mkts. 1.50 71%

Technical Indicators
Recent close $11.50
30d moving avg. $13.51
Annualized volatility 32.2%
Short interest (ETF) 0.4%
Relative strength (RSI) 33

Liquidity measures
Avg. volume (thou.) 113
Turnover 3.5%
Bid/Ask (% of price) 1.20%
ADV underlying (mns) $493

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Global X Copper Miners ETF ETF based on the alternatives' overlap in portfolio holdings with COPX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: COPX Expense: 65 bp ALTAR Score™: 11.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH COPX
Ticker Fund
Name
Overlap1
vs COPX
(%)
Expense
ratio
(bp)
Savings
vs COPX
(bp)
ALTAR
Score™
(%)
ALTAR
vs COPX
(%)
PICK iShares MSCI Global Metals & Mining Producers ETF 12.8 39 26 10.8 -0.3
BATT Amplify Advanced Battery Metals & Materials ETF 12.4 72 -7 4.2 -6.9
CHIM Global X China Materials ETF 8.7 65 0 11.8 +0.6
EPU iShares MSCI All Peru Capped ETF 5.8 59 6 8.3 -2.9
NANR SPDR S&P North American Natural Resources ETF 5.7 35 30 5.4 -5.8
PACA Xtrackers MSCI Latin America Pacific Alliance ETF 5.3 45 20 10.4 -0.8
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 5.1 70 -5 8.8 -2.3
FLMX Franklin FTSE Mexico ETF 5.1 19 46 12.5 +1.3
EWW iShares MSCI Mexico Capped ETF 5.0 49 16 12.0 +0.8
FCAN First Trust Canada AlphaDex Fund 4.8 80 -15 7.3 -3.9
XME SPDR S&P Metals & Mining ETF 4.4 35 30 13.0 +1.8
EPOL iShares MSCI Poland Capped ETF 4.0 61 4 13.3 +2.2
GUNR Flexshares Morningstar Global Upstream Natural Resources 3.7 46 19 8.0 -3.2
ILF iShares Latin America 40 ETF 3.5 48 17 9.7 -1.5
GNR SPDR S&P Global Natural Resources ETF 3.3 40 25 8.7 -2.5
MXI iShares Global Materials ETF 3.2 46 19 8.4 -2.7
AFK VanEck Vectors Africa Index ETF 3.1 78 -13 4.7 -6.5
SLX VanEck Vectors Steel ETF 3.0 56 9 23.5 +12.4
GRES IQ Global Resources ETF 2.7 77 -12 9.0 -2.1
JHMA John Hancock Multifactor Materials ETF 2.7 40 25 9.1 -2.1
FLN First Trust Latin America AlphaDEX Fund 2.6 80 -15 8.6 -2.6
RTM Invesco S&P 500 Equal Weight Materials ETF 2.6 40 25 8.8 -2.4
FKU First Trust United Kingdom AlphaDEX Fund 2.4 80 -15 13.1 +2.0
EKAR Innovation Shares NextGen Vehicles & Technology ETF 2.2 65 0 13.1 +1.9
IYM iShares U.S. Basic Materials ETF 2.2 42 23 8.2 -2.9
ICOW Pacer Developed Markets International Cash Cows 100 ETF 2.1 65 0 15.1 +4.0
FNI First Trust Chindia ETF 2.1 59 6 4.6 -6.5
SILJ ETFMG Prime Junior Silver ETF 2.1 69 -4 0.7 -10.5
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.1 60 5 13.4 +2.3
WWJD Inspire International ESG ETF 2.0 80 -15 9.3 -1.8
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.9 70 -5 15.4 +4.3
HAP VanEck Vectors Natural Resources ETF 1.9 50 15 8.3 -2.8
XLB Materials Select Sector SPDR Fund 1.9 13 52 8.3 -2.9
EQRR ProShares Equities for Rising Rates ETF 1.9 35 30 11.7 +0.5
FCA First Trust China AlphaDEX Fund 1.8 80 -15 16.5 +5.4
OBOR KraneShares MSCI One Belt One Road Index ETF 1.7 79 -14 11.5 +0.4
EWD iShares MSCI Sweden ETF 1.7 55 10 15.3 +4.2
FLLA Franklin FTSE Latin America ETF 1.6 19 46 9.5 -1.6
PYZ Invesco DWA Basic Materials Momentum ETF 1.6 60 5 7.7 -3.4
VAW Vanguard Materials Index Fund 1.5 10 55 8.7 -2.4
FMAT Fidelity MSCI Materials Index ETF 1.5 8 57 8.7 -2.5
VIDI Vident International Equity Fund 1.4 59 6 14.9 +3.8
DMDV AAM S&P Developed Markets High Dividend Value ETF 1.4 39 26 13.9 +2.7
GDX VanEck Vectors Gold Miners ETF 1.3 52 13 4.1 -7.1
FIVA Fidelity International Value Factor ETF 1.3 39 26 13.1 +1.9
BLES Inspire Global Hope Large Cap ETF 1.3 61 4 8.3 -2.8
GCOW Pacer Global High Dividend ETF 1.2 60 5 13.3 +2.1
EWU iShares MSCI United Kingdom ETF 1.2 50 15 8.5 -2.6
FXZ First Trust Materials AlphaDEX Fund 1.2 65 0 10.3 -0.9
XCEM Columbia EM Core ex-China ETF 1.2 16 49 9.6 -1.5
FLGB Franklin FTSE United Kingdom ETF 1.1 9 56 9.0 -2.1
BICK First Trust BICK Index Fund 1.1 64 1 6.4 -4.8
ISEM Invesco Strategic Emerging Markets ETF 1.1 35 30 11.9 +0.7
VRAI Virtus Real Asset Income ETF 1.1 55 10 13.5 +2.3
FEM First Trust Emerging Markets AlphaDEX Fund 1.1 80 -15 14.6 +3.4
IGE iShares North American Natural Resources ETF 1.1 46 19 6.0 -5.1
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 1.0 49 16 11.2 0.0
SPHB Invesco S&P 500 High Beta ETF 1.0 25 40 11.4 +0.3
SLT Salt TruBeta High Exposure ETF 1.0 29 36 12.3 +1.2
FVL First Trust Value Line 100 Exchange-Traded Fund 1.0 70 -5 5.5 -5.6
AIIQ AI Powered International Equity ETF 1.0 79 -14 6.4 -4.7
JPEU JPMorgan Diversified Return Europe Equity ETF 0.9 37 28 8.6 -2.5
AVDV Avantis International Small Cap Value ETF 0.9 36 29 11.9 +0.8
IVLU iShares Edge MSCI Intl Value Factor ETF 0.9 30 35 14.1 +2.9
DEM WisdomTree Emerging Markets High Dividend Fund 0.9 63 2 16.6 +5.4
EWC iShares MSCI Canada ETF 0.9 49 16 8.8 -2.4
FEP First Trust Europe AlphaDEX Fund 0.9 80 -15 11.1 -0.1
CEZ Victory CEMP Emerging Market Volatility Wtd Index ETF 0.8 50 15 12.6 +1.5
BBCA JPMorgan BetaBuilders Canada ETF 0.8 19 46 9.0 -2.2
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 0.8 51 14 20.8 +9.7
SLVP iShares MSCI Global Silver Miners ETF 0.8 39 26 2.7 -8.4
QCAN SPDR MSCI Canada Quality Mix ETF 0.8 14 51 8.9 -2.3
FDT First Trust Developed Markets ex-US Alphadex Fund 0.8 80 -15 11.3 +0.1
DOGS Arrow Dogs of the World ETF 0.8 134 -69 14.5 +3.3
ECNS iShares MSCI China Small-Cap ETF 0.8 59 6 12.8 +1.7
ISDX Invesco Strategic Developed ex-US ETF 0.7 23 42 9.9 -1.3
JKI iShares Morningstar Mid-Cap Value ETF 0.7 30 35 13.5 +2.4
JPIN JPMorgan Diversified Return International Equity ETF 0.7 38 27 9.8 -1.3
INTF iShares Edge MSCI Multifactor Intl ETF 0.7 30 35 10.2 -0.9
RFEU First Trust Riverfront Dynamic Europe ETF 0.7 83 -18 6.3 -4.9
PBEE Invesco PureBeta FTSE Emerging Markets ETF 0.7 14 51 11.5 +0.4
FNDF Schwab Fundamental International Large Co. Index ETF 0.7 25 40 11.1 -0.0
DRIV Global X Autonomous & Electric Vehicles ETF 0.7 68 -3 8.6 -2.5
ESGN Columbia Sustainable International Equity Income ETF 0.6 45 20 14.1 +2.9
GOEX Global X Gold Explorers ETF 0.6 65 0 4.8 -6.3
MAGA Point Bridge GOP Stock Tracker ETF 0.6 72 -7 9.4 -1.8
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 0.6 60 5 9.1 -2.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.6 49 16 10.3 -0.9
IDY Pacific Global International Equity Income ETF 0.6 39 26 10.8 -0.3
VOE Vanguard Mid-Cap Value Index Fund 0.6 7 58 10.8 -0.3
FYLD Cambria Foreign Shareholder Yield ETF 0.6 59 6 12.7 +1.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.6 45 20 10.6 -0.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.6 49 16 11.6 +0.4
ISZE iShares Edge MSCI Intl Size Factor ETF 0.6 30 35 9.1 -2.1
RFDI First Trust Riverfront Dynamic Developed International ETF 0.6 83 -18 7.9 -3.2
EWUS iShares MSCI United Kingdom Small Cap ETF 0.6 59 6 11.1 -0.0
JDIV JPMorgan U.S. Dividend ETF 0.5 12 53 10.7 -0.5
DIM WisdomTree International MidCap Dividend Fund 0.5 58 7 10.2 -0.9
VGFO Virtus WMC Global Factor Opportunities ETF 0.5 49 16 7.7 -3.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.5 45 20 11.3 +0.2

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

  2015 2016 2017 2018 2019 2020E 2021E
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
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

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

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 6.5 %
Divided by: Fwd. P/BV 0.6 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 11.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 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.