Global X Copper Miners ETF
ALTAR
Score™
6.1% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
30.2x P/Sales
ratio
0.8x
P/BV
ratio
1.0x Div.
yield
1.9%


  • 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) $92
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) $8,251
Large cap (>$10bn) 28.6%
Mid cap ($2-10bn) 41.2%
Small cap (<$2bn) 19.6%
Developed mkts 75.9%
Emerging mkts 24.1%

TOP TEN HOLDINGS
KGHM POLSKA MIEDZ S.A. 6.3 %
IVANHOE MINES LTD. CLASS A 5.9 %
OZ MINERALS LTD 5.3 %
FREEPORT-MCMORAN COPPER 5.3 %
FIRST QUANTUM MINERALS LTD 5.2 %
SOUTHERN COPPER CORP 4.8 %
KAZAKHMYS PLC 4.7 %
ZIJIN MINING GROUP CO LTD-H 4.5 %
STERLITE INDUSTRIES INDI-ADR 4.5 %
ANTOFAGASTA PLC 4.5 %
Total 51.1 %

TOP COUNTRY EXPOSURE
CANADA 32.3 %
BRITAIN 11.5 %
UNITED STATES 10.1 %
CHINA 8.5 %
AUSTRALIA 7.4 %
POLAND 6.3 %
HONG KONG 5.7 %
INDIA 4.5 %
SWITZERLAND 4.4 %
SWEDEN 4.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.0% 5.0% 4.9% -4.5% -4.9%

Market Correlations
versus... Beta R-squared
S&P500 1.52 57%
MSCI EAFE 1.82 68%
MSCI Emg. Mkts. 1.54 81%

Technical Indicators
Recent close $21.62
30d moving avg. $19.45
Annualized volatility 34.7%
Short interest (ETF) 3.7%
Relative strength (RSI) 77

Liquidity measures
Avg. volume (thou.) 110
Turnover 2.6%
Bid/Ask (% of price) 0.34%
ADV underlying (mns) $766

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 6.1%


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 14.6 39 26 6.7 +0.7
BATT Amplify Advanced Battery Metals & Materials ETF 12.9 72 -7 2.1 -4.0
CHIM Global X China Materials ETF 7.8 66 -1 7.8 +1.7
AFK VanEck Vectors Africa Index ETF 6.5 79 -14 8.5 +2.5
EPOL iShares MSCI Poland Capped ETF 6.3 59 6 10.2 +4.1
NANR SPDR S&P North American Natural Resources ETF 5.9 35 30 3.4 -2.7
XME SPDR S&P Metals & Mining ETF 5.2 35 30 7.0 +1.0
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 5.0 70 -5 7.2 +1.1
EPU iShares MSCI All Peru Capped ETF 4.8 59 6 5.2 -0.9
SLX VanEck Vectors Steel ETF 4.4 56 9 13.9 +7.8
FLMX Franklin FTSE Mexico ETF 4.4 19 46 9.9 +3.8
EWW iShares MSCI Mexico Capped ETF 4.4 49 16 8.9 +2.8
RTM Invesco S&P 500 Equal Weight Materials ETF 4.1 40 25 5.9 -0.2
MXI iShares Global Materials ETF 3.8 46 19 5.7 -0.4
JHMA John Hancock Multifactor Materials ETF 3.8 40 25 6.5 +0.4
GNR SPDR S&P Global Natural Resources ETF 3.7 40 25 6.3 +0.2
GRES IQ Global Resources ETF 3.7 77 -12 7.3 +1.3
ILF iShares Latin America 40 ETF 3.6 48 17 6.8 +0.7
FLN First Trust Latin America AlphaDEX Fund 3.3 80 -15 7.4 +1.4
OBOR KraneShares MSCI One Belt One Road Index ETF 3.2 79 -14 8.8 +2.8
EKAR Innovation Shares NextGen Vehicles & Technology ETF 3.1 95 -30 7.6 +1.5
SILJ ETFMG Prime Junior Silver ETF 3.1 69 -4 0.2 -5.9
IYM iShares U.S. Basic Materials ETF 3.0 42 23 5.0 -1.0
FXZ First Trust Materials AlphaDEX Fund 2.9 65 0 7.2 +1.2
GUNR Flexshares Morningstar Global Upstream Natural Resources 2.9 46 19 5.4 -0.6
WWJD Inspire International ESG ETF 2.9 80 -15 7.5 +1.4
XLB Materials Select Sector SPDR Fund 2.8 13 52 5.6 -0.5
ICOW Pacer Developed Markets International Cash Cows 100 ETF 2.8 65 0 10.7 +4.6
PYZ Invesco DWA Basic Materials Momentum ETF 2.7 60 5 5.3 -0.8
FEM First Trust Emerging Markets AlphaDEX Fund 2.5 80 -15 12.5 +6.5
HAP VanEck Vectors Natural Resources ETF 2.3 50 15 6.0 -0.1
EQRR ProShares Equities for Rising Rates ETF 2.2 35 30 6.8 +0.7
GCOW Pacer Global High Dividend ETF 2.2 60 5 10.4 +4.3
FMAT Fidelity MSCI Materials Index ETF 2.1 8 57 5.7 -0.4
VAW Vanguard Materials Index Fund 2.1 10 55 5.7 -0.3
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.1 60 5 10.4 +4.3
FNI First Trust Chindia ETF 2.0 60 5 2.6 -3.5
DRIV Global X Autonomous & Electric Vehicles ETF 2.0 68 -3 5.8 -0.2
BICK First Trust BICK Index Fund 2.0 64 1 4.4 -1.7
FKU First Trust United Kingdom AlphaDEX Fund 1.9 80 -15 8.4 +2.3
DMDV AAM S&P Developed Markets High Dividend Value ETF 1.8 39 26 11.1 +5.1
EWD iShares MSCI Sweden ETF 1.8 55 10 11.4 +5.3
ISEM Invesco Strategic Emerging Markets ETF 1.7 35 30 10.2 +4.1
VIDI Vident International Equity Fund 1.7 59 6 11.2 +5.1
FIVA Fidelity International Value Factor ETF 1.7 39 26 10.0 +3.9
IGE iShares North American Natural Resources ETF 1.5 46 19 4.0 -2.1
BRF VanEck Vectors Brazil Small-Cap ETF 1.5 63 2 3.1 -3.0
FLGB Franklin FTSE United Kingdom ETF 1.5 9 56 7.8 +1.7
EWU iShares MSCI United Kingdom ETF 1.5 50 15 7.3 +1.2
FLLA Franklin FTSE Latin America ETF 1.5 19 46 6.6 +0.5
BLES Inspire Global Hope Large Cap ETF 1.5 52 13 6.5 +0.4
GVAL Cambria Global Value ETF 1.5 69 -4 11.4 +5.3
JDIV JPMorgan U.S. Dividend ETF 1.4 12 53 7.7 +1.6
AVDV Avantis International Small Cap Value ETF 1.3 36 29 7.7 +1.6
SPHB Invesco S&P 500 High Beta ETF 1.3 25 40 9.1 +3.0
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 1.3 49 16 9.0 +3.0
ALTL Pacer Lunt Large Cap Alternator ETF 1.3 60 5 9.0 +2.9
XCEM Columbia EM Core ex-China ETF 1.3 16 49 7.2 +1.1
VRAI Virtus Real Asset Income ETF 1.3 55 10 11.6 +5.5
ISDX Invesco Strategic Developed ex-US ETF 1.2 23 42 7.4 +1.3
SLT Salt TruBeta High Exposure ETF 1.2 29 36 9.0 +2.9
IVLU iShares Edge MSCI Intl Value Factor ETF 1.1 30 35 11.6 +5.5
EWC iShares MSCI Canada ETF 1.1 49 16 6.5 +0.4
IQIN IQ 500 International ETF 1.1 25 40 8.8 +2.8
ECNS iShares MSCI China Small-Cap ETF 1.1 59 6 10.9 +4.8
FCTR First Trust Lunt U.S. Factor Rotation ETF 1.1 65 0 2.9 -3.2
GDX VanEck Vectors Gold Miners ETF 1.0 52 13 2.4 -3.7
AIIQ AI Powered International Equity ETF 1.0 79 -14 3.7 -2.4
DEM WisdomTree Emerging Markets High Dividend Fund 1.0 63 2 14.1 +8.0
JKG iShares Morningstar Mid-Cap ETF 1.0 25 40 5.3 -0.8
BBCA JPMorgan BetaBuilders Canada ETF 1.0 19 46 6.7 +0.7
FEP First Trust Europe AlphaDEX Fund 1.0 80 -15 7.4 +1.3
FYLD Cambria Foreign Shareholder Yield ETF 1.0 59 6 6.9 +0.8
FNDF Schwab Fundamental International Large Co. Index ETF 1.0 25 40 8.8 +2.8
QCAN SPDR MSCI Canada Quality Mix ETF 1.0 14 51 6.7 +0.7
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 0.9 45 20 10.0 +3.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.9 80 -15 10.4 +4.3
ROAM Hartford Multifactor Emerging Markets ETF 0.9 44 21 14.5 +8.5
JPIN JPMorgan Diversified Return International Equity ETF 0.9 37 28 7.9 +1.9
VOE Vanguard Mid-Cap Value Index Fund 0.9 7 58 7.6 +1.6
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 0.8 51 14 13.9 +7.8
FCAN First Trust Canada AlphaDex Fund 0.8 80 -15 3.6 -2.5
RFEU First Trust Riverfront Dynamic Europe ETF 0.8 83 -18 5.3 -0.8
MAGA Point Bridge GOP Stock Tracker ETF 0.8 72 -7 6.3 +0.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.8 49 16 7.6 +1.5
DIM WisdomTree International MidCap Dividend Fund 0.8 58 7 7.7 +1.7
SLVP iShares MSCI Global Silver Miners ETF 0.8 39 26 1.2 -4.9
NUEM Nuveen ESG Emerging Markets Equity ETF 0.7 45 20 6.9 +0.8
SCHC Schwab International Small-Cap Equity ETF 0.7 11 54 6.6 +0.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.7 49 16 6.6 +0.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.7 45 20 8.9 +2.8
ISZE iShares Edge MSCI Intl Size Factor ETF 0.7 30 35 7.3 +1.2
RFDI First Trust Riverfront Dynamic Developed International ETF 0.7 83 -18 5.6 -0.4
FDT First Trust Developed Markets ex-US Alphadex Fund 0.7 80 -15 7.3 +1.3
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 0.7 50 15 10.2 +4.1
AVEM Avantis Emerging Markets Equity ETF 0.7 33 32 8.6 +2.5
CACG ClearBridge All Cap Growth ETF 0.6 54 11 4.2 -1.9
EWUS iShares MSCI United Kingdom Small Cap ETF 0.6 59 6 8.5 +2.4

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 6.4 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 CATEGORY
AVERAGE
1.51
 
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.