Sprott Junior Copper Miners ETF
ALTAR
Score™		 -1.4% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 51.7x P/Sales
ratio		 4.4x
P/BV
ratio		 3.9x Div.
yield		 1.7%


  • 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) $167
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) $553
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
ATALAYA MINING PLC 5.5 %
ERO COPPER CORP. 5.2 %
TREKOR METALS, LTD. 5.2 %
FIREFLY METALS LTD 4.2 %
AMERIGO RESOURCES LTD 3.9 %
FARADAY COPPER CORP 3.9 %
SOLARIS RESOURCES INC 3.6 %
OSISKO METALS INC 3.6 %
IVANHOE ELECTRIC INC. 3.4 %
SOCIEDAD PUNTA DEL COBRE SA 3.1 %
Total 41.6 %

TOP COUNTRY EXPOSURE
CANADA 30.9 %
AUSTRALIA 8.7 %
PERU 4.9 %
CYPRUS 4.4 %
PHILIPPINES 4.0 %
BRITAIN 1.7 %
HONG KONG 0.8 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
11.5% 55.5% -- -- 32.8%

Market Correlations
versus... Beta R-squared
S&P500 2.26 36%
MSCI EAFE 2.06 45%
MSCI Emg. Mkts. 1.27 44%

Technical Indicators
Recent close $43.97
30d moving avg. $40.59
Annualized volatility 27.3%
Short interest (ETF) 2.2%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 58
Turnover 1.5%
Bid/Ask (% of price) 0.63%
ADV underlying (mns) $19

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 91 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™: -1.4%


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 5.2 65 10 4.1 +5.5
FFTY Innovator IBD 50 ETF 3.1 80 -5 0.1 +1.5
BRAZ Global X Brazil Active ETF 2.9 75 0 10.1 +11.5
ICOP iShares Copper and Metals Mining ETF 2.0 47 28 5.4 +6.8
BOUT Innovator IBD Breakout Opportunities ETF 1.8 81 -6 3.3 +4.7
SETM Sprott Energy Transition Materials ETF 1.7 65 10 2.0 +3.4
XME State Street SPDR S&P Metals & Mining ETF 1.6 35 40 5.9 +7.3
TMAT Main Thematic Innovation ETF 1.1 164 -89 -1.9 -0.6
CCNR ALPS CoreCommodity Natural Resources ETF 0.8 39 36 8.4 +9.8
PICK iShares MSCI Global Metals & Mining Producers ETF 0.6 39 36 8.3 +9.7
CCSO Carbon Collective Climate Solutions US Equity ETF 0.5 35 40 1.1 +2.5
SILJ ETFMG Prime Junior Silver Miners ETF 0.4 69 6 0.6 +1.9
GWX SPDR S&P International Small Cap ETF 0.4 40 35 5.8 +7.2
AVDV Avantis International Small Cap Value ETF 0.4 36 39 7.6 +9.0
EWUS iShares MSCI United Kingdom Small Cap ETF 0.4 59 16 7.4 +8.8
OTGL OTG Latin America ETF 0.4 269 -194 8.0 +9.4
ION ProShares S&P Global Core Battery Metals ETF 0.3 58 17 7.2 +8.6
ISCF iShares International SmallCap Equity Factor ETF 0.3 23 52 7.3 +8.7
AVDS Avantis International Small Cap Equity ETF 0.3 30 45 6.0 +7.4
DFIS Dimensional International Small Cap ETF 0.2 39 36 6.2 +7.6
NANR SPDR S&P North American Natural Resources ETF 0.1 35 40 6.2 +7.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 67 6.4 +7.8
DFE WisdomTree Europe SmallCap Dividend Fund 0.1 58 17 7.9 +9.2
IEUS iShares MSCI Europe Small-Cap ETF 0.1 42 33 7.0 +8.4
DISV Dimensional International Small Cap Value ETF 0.1 42 33 8.0 +9.3
DXIV Dimensional International Vector Equity ETF 0.1 34 41 6.7 +8.0
WSML iShares MSCI World Small-Cap ETF 0.1 15 60 5.5 +6.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 26 6.1 +7.5
FMAT Fidelity MSCI Materials Index ETF 0.1 8 67 5.4 +6.8
VAW Vanguard Materials ETF 0.1 9 66 5.4 +6.8
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 35 6.2 +7.5
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 17 7.4 +8.8
IWO iShares Russell 2000 Growth ETF 0.1 24 51 0.5 +1.9
VTWG Vanguard Russell 2000 Growth ETF 0.1 10 65 0.7 +2.1
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.1 9 66 3.7 +5.1
AVSD Avantis Responsible International Equity ETF 0.1 23 52 6.0 +7.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 36 6.7 +8.1
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 51 5.7 +7.1
STXK Strive Small-Cap ETF 0.0 18 57 5.3 +6.7
DFIC Dimensional International Core Equity 2 ETF 0.0 23 52 6.3 +7.7
VFMO Vanguard U.S. Momentum Factor ETF 0.0 13 62 1.7 +3.1
RSSL Global X Russell 2000 ETF 0.0 8 67 2.8 +4.1
IWM iShares Russell 2000 ETF 0.0 19 56 2.7 +4.1
VTWO Vanguard Russell 2000 ETF 0.0 7 68 2.8 +4.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.0 30 45 6.4 +7.8
AVIE Avantis  Inflation Focused Equity ETF 0.0 25 50 6.0 +7.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.0 20 55 4.0 +5.4
AVDE Avantis International Equity ETF 0.0 23 52 6.3 +7.7
DFAI Dimensional International Core Equity Market ETF 0.0 18 57 6.1 +7.5
ISCV iShares Morningstar Small Cap Value ETF 0.0 6 69 7.9 +9.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 36 7.0 +8.4
ISCB iShares Morningstar Small-Cap ETF 0.0 4 71 5.5 +6.9
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 71 6.1 +7.5
VEA Vanguard FTSE Developed Markets ETF 0.0 3 72 5.9 +7.3
VSGX Vanguard ESG International Stock ETF 0.0 10 65 6.6 +8.0
SMMD iShares Russell 2500 ETF 0.0 15 60 5.7 +7.1
VXF Vanguard Extended Market ETF 0.0 5 70 3.8 +5.2
DXUV Dimensional US Vector Equity ETF 0.0 28 47 5.2 +6.6
DFAS Dimensional U.S. Small Cap ETF 0.0 26 49 5.7 +7.1
VPL Vanguard FTSE Pacific ETF 0.0 7 68 5.0 +6.3
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 68 6.6 +8.0
ISCG iShares Morningstar Small-Cap Growth ETF 0.0 6 69 2.8 +4.2
VXUS Vanguard Total International Stock ETF 0.0 5 70 6.6 +8.0
SPEU SPDR Portfolio Europe ETF 0.0 7 68 6.8 +8.2
DFEV Dimensional Emerging Markets Value ETF 0.0 43 32 9.1 +10.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 16 8.4 +9.8
AVSE Avantis Responsible Emerging Markets Equity ETF 0.0 33 42 6.5 +7.9
IEFA iShares Core MSCI EAFE ETF 0.0 7 68 6.1 +7.5
IPAC iShares Core MSCI Pacific ETF 0.0 9 66 5.3 +6.7
IWN iShares Russell 2000 Value ETF 0.0 24 51 4.8 +6.2
IEUR iShares Core MSCI Europe ETF 0.0 11 64 6.6 +8.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 66 4.8 +6.2
VTWV Vanguard Russell 2000 Value ETF 0.0 10 65 5.0 +6.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 34 6.8 +8.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.0 38 37 6.9 +8.3
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 40 6.9 +8.3
VT Vanguard Total World Stock ETF 0.0 6 69 5.0 +6.4
DFAU Dimensional US Core Equity Market ETF 0.0 12 63 4.3 +5.7
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 57 4.7 +6.1
DCOR Dimensional US Core Equity 1 ETF 0.0 14 61 4.6 +6.0
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 58 4.7 +6.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 72 4.1 +5.5
VTI Vanguard Total Stock Market ETF 0.0 3 72 4.1 +5.5
DFUS Dimensional U.S. Equity ETF 0.0 9 66 4.1 +5.5
VTHR Vanguard Russell 3000 ETF 0.0 7 68 4.1 +5.5
IWV iShares Russell 3000 ETF 0.0 20 55 4.0 +5.4
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.0 53 22 4.9 +6.3
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.0 42 33 7.6 +9.0
AVEM Avantis Emerging Markets Equity ETF 0.0 33 42 6.9 +8.3
AVES Avantis Emerging Markets Value ETF 0.0 36 39 9.0 +10.4
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 50 4.9 +6.3

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 -2.4 %
Divided by: Fwd. P/BV 3.7 x
Less: Expense ratio 75 bp
Equals: ALTAR Score -1.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.47 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.