COPA - ETF AI Analysis
Top Page
Themes Copper Miners ETF (COPA)
COPA, the Themes Copper Miners ETF, has a solid overall rating driven mainly by strong, profitable miners like Southern Copper, First Quantum Minerals, Lundin Mining, and Atalaya Mining, which show healthy financial performance and positive momentum. The fund’s score is held back somewhat by holdings such as Glencore and Anglo American, where profitability, cash flow, and valuation concerns introduce more uncertainty. The main risk factor is the ETF’s concentration in copper mining, which makes it highly sensitive to commodity price swings and sector-specific operational challenges.
COPA vs. SPDR S&P 500 ETF (SPY)
- AUM
- 11.57M
- Region
- Global
- Expense Ratio
- 0.35%
- Beta
- 1.41
- Issuer
- Themes
- Inception Date
- Sep 24, 2024
- Dividend Yield
- 4.04%
- Asset Class
- Equity
- Index Tracked
- BITA Global Copper Mining Select Index - Benchmark TR Net
COPA Summary
The Themes Copper Miners ETF (COPA) is a fund that tracks the BITA Global Copper Mining Select Index and focuses on companies that mine copper around the world. It holds well-known names like Freeport-McMoRan and Glencore, giving investors a simple way to invest in the growing demand for copper used in electric cars, renewable energy, and infrastructure. Someone might consider COPA for potential long-term growth and diversification into materials and mining. However, this ETF is heavily tied to copper prices and mining stocks, so its value can rise and fall sharply with commodity markets and global economic conditions.
How much will it cost me?
COPA has an annual expense ratio of 0.35%, which means you’ll pay about $3.50 per year for every $1,000 invested. This cost is a bit higher than the average broad-market index ETF because COPA is a more specialized, sector-focused fund targeting copper miners.
What would affect this ETF?
COPA could benefit if global demand for copper grows due to more electric vehicles, renewable energy projects, and infrastructure spending, which would support the mining companies it holds across regions like the U.S., U.K., Canada, and Latin America. On the negative side, weaker global economic growth, falling copper prices, higher interest rates that pressure materials stocks, or stricter environmental and mining regulations affecting major holdings like Freeport-McMoRan, Glencore, and BHP could hurt future performance.
COPA Top 10 Holdings
COPA is a pure play on global copper miners, with performance largely steered by heavyweights like Freeport-McMoRan and Southern Copper, both rising over the year but losing a bit of steam lately. Global giants BHP and Glencore add stability, though their recent momentum has been mixed, while Anglo American and Teck Resources have been steady contributors with improving trends. On the riskier side, names like First Quantum and Antofagasta have been more volatile, occasionally dragging on returns. Overall, this is a concentrated bet on the materials sector with diversified global exposure.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 FCX | Freeport-McMoRan | 9.39% | $1.09M | $98.94B | 58.39% | 67Neutral |
 GB:GLEN | Glencore | 5.43% | $627.86K | GBP 64.79B | 57.70% | 68Neutral |
 AU:BHP | BHP Group Ltd | 4.52% | $522.85K | AUD 302.47B | 31.30% | 68Neutral |
 GB:AAL | Anglo American | 4.22% | $488.37K | GBP 41.44B | 28.77% | 66Neutral |
 TECK | Teck Resources | ― | ― | ― | ― | 66Neutral |
 TSE:LUN | Lundin Mining | 3.64% | $421.46K | CAD 27.38B | 44.02% | 72Outperform |
 SCCO | Southern Copper | 3.60% | $416.66K | $167.24B | 50.37% | 73Outperform |
 TSE:FM | First Quantum Minerals | 3.40% | $392.90K | CAD 30.17B | 15.32% | 73Outperform |
 GB:ANTO | Antofagasta | 2.96% | $342.23K | GBP 31.78B | 14.67% | 69Neutral |
 TGB | Trekor Metals | ― | ― | ― | ― | 58Neutral |
COPA Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For COPA, the sentiment is Negative. The current price of 45.51 is below the 20-day moving average (MA) of 51.18, below the 50-day MA of 53.73, and below the 200-day MA of 50.00, indicating a bearish trend. The MACD of -1.70 indicates Positive momentum. The RSI at 25.42 is Positive, neither overbought nor oversold. The STOCH value of 6.48 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for COPA.
COPA Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| COPA | $45.51 | $54.00(18.67% Upside) | $11.57M | 0.35% | 59Neutral |
 METL | $22.14 | $36.07(62.90% Upside) | $73.40M | 0.99% | 60Neutral |
 REXC | $12.83 | $26.46(106.26% Upside) | $70.45M | 0.65% | 45Neutral |
 FMTL | $31.91 | $43.01(34.79% Upside) | $30.05M | 0.65% | 60Neutral |
 AUMI | $85.57 | $125.08(46.18% Upside) | $20.90M | 0.35% | 74Outperform |
 AGMI | $62.45 | $94.28(50.95% Upside) | $9.27M | 0.35% | 60Neutral |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| COPA | Themes Copper Miners ETF | 45.51 | 9.88 | 27.74% | |
| METL | Sprott Active Metals & Miners ETF | 22.14 | 0.66 | 3.09% | |
| REXC | Sprott Rare Earths Ex-China ETF | 12.83 | -8.09 | -38.67% | |
| FMTL | First Trust Indxx Critical Metals ETF | 31.91 | 8.22 | 34.71% | |
| AUMI | Themes Gold Miners ETF | 85.56 | 11.33 | 15.26% | |
| AGMI | Themes Silver Miners ETF | 62.45 | 13.87 | 28.54% |
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.