COPA
Themes Copper Miners ETF
The Themes Copper Miners ETF seeks to provide investors with exposure to companies that are engaged in the mining, production, and distribution of copper, capitalizing on the growing demand for the metal in various industries.
International
EQUITY
Passive
MANAGEMENT STYLE
$ 11.9 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Inception date | Sep 23, 2024 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| FREEPORT-MCMORAN COPPER | 8.8 % |
| BHP BILLITON LTD | 4.5 % |
| GLENCORE INTERNATIONAL PLC | 4.1 % |
| FIRST QUANTUM MINERALS LTD | 3.9 % |
| LUNDIN MINING CORP | 3.8 % |
| TECK RESOURCES LTD-CLS B | 3.6 % |
| ANTOFAGASTA PLC | 3.4 % |
| SOUTHERN COPPER CORP | 3.3 % |
| JIUJIANG DEFU TECHNOLOGY CO LTD | 3.3 % |
| IVANHOE MINES LTD. CLASS A | 3.1 % |
Constituent Breakdown
| Number of holdings | 42 |
| Herfindahl-Hirschman Index | 308 |
| Wgt avg mkt cap (mns) | $25,410 |
| Large cap (>$10bn) | 44.7% |
| Mid cap ($2-10bn) | 19.8% |
| Small cap (<$2bn) | 19.7% |
| Developed mkts. | 81.7% |
| Emerging mkts. | 9.4% |
Sector Breakdown
Country Exposure
 |
CANADA | 36.1 % |
 |
UNITED STATES | 14.1 % |
 |
AUSTRALIA | 11.9 % |
 |
CHINA | 5.8 % |
 |
BRITAIN | 5.1 % |
 |
SWITZERLAND | 4.1 % |
 |
JAPAN | 2.5 % |
 |
CYPRUS | 2.4 % |
 |
GERMANY | 2.2 % |
 |
HONG KONG | 2.2 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 25.1% | 141.4% | -- | -- | -- | -- | -- | 63.8% |
| Dividend Yield | 0.0% | 11.2% | -- | -- | -- | -- | -- | 6.8% |
| Total Returns | 25.1% | 152.6% | -- | -- | -- | -- | -- | 70.6% | Ann. Volatility | 48.3% | 36.9% | -- | -- | -- | -- | -- | 35.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.11 | 34% |
| MSCI EAFE | 1.46 | 43% |
| MSCI Emg Mkts | 1.49 | 53% |
Liquidity Measures
| Avg. volume (000) | 7 |
| ADV traded (mns) | $0 |
| Turnover | 2.6% |
| Avg. Bid/Ask (% of price) | 0.68% |
Technical Indicators
| 30d moving avg. (EMA) | $45.45 |
| Relative strength (RSI) | 43 |
| MACD/Signal | -2.35/-1.93 |
| Bollinger Bands (Upper/Lower) | $52.93/$37.32 |
| Short interest (% of AUM) | 0.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. COPA |
Expenses vs. COPA |
ALTAR Score™ vs. COPA |
|---|---|---|---|---|
| COPX | Global X Copper Miners ETF | 57.5% | +30 bp | +1.2% |
| ICOP | iShares Copper and Metals Mining ETF | 44.7% | +12 bp | +2.4% |
| GMET | VanEck Green Metals ETF | 34.7% | +28 bp | -3.0% |
| PICK | iShares MSCI Global Metals & Mining Producers ETF | 24.3% | +4 bp | +4.4% |
| BATT | Amplify Lithium & Battery Technology ETF | 22.9% | +24 bp | -1.1% |
| SETM | Sprott Energy Transition Materials ETF | 17.3% | +30 bp | -1.6% |
| EART | Global X Rare Earth & Critical Materials ETF | 16.7% | +24 bp | +1.6% |
| EV | Mast Global Battery Recycling & Production ETF | 15.1% | +30 bp | +2.5% |
| COPJ | Sprott Junior Copper Miners ETF | 12.2% | +40 bp | -3.5% |
| MXI | iShares Global Materials ETF | 11.7% | +6 bp | +2.5% |
Risk and Returns: COPA vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/3/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
3.2%
ALTAR SCORE™
2nd
PERCENTILE
AVOID
ETFRC RATING
There are 344 funds in the International Equity category with an average
ALTAR Score™ of 6.5% and a standard deviation
of 1.6%. COPA's ALTAR Score™ is approximately -2.0 standard
deviations above the category average. This places COPA in the 2nd percentile
among funds in the category.
Sell-Side Consensus
$52.79
PRICE TARGET
+20.2%
UPSIDE