COPA - ETF AI Analysis
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Themes Copper Miners ETF (COPA)
Rating:60Neutral
Price Target:―
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered strong gains so far this year, showing solid momentum over the longer recent period despite short-term pullbacks.
Leading Copper Miners in Top Holdings
Several of the largest positions, including major global copper producers, have shown strong to steady performance, helping support the fund’s returns.
Global Geographic Diversification
Holdings spread across the U.S., Canada, the UK, Australia, and other countries help reduce the impact of economic or regulatory issues in any single market.
Negative Factors
High Sector Concentration in Materials
With most assets in the materials sector and focused on copper miners, the fund is heavily exposed to swings in commodity prices and mining industry conditions.
Recent Short-Term Weakness
The ETF has experienced weak performance over the past month and three months, which may signal higher short-term volatility for investors.
Moderate Expense Ratio
While not extremely high, the fund’s ongoing fee is meaningful and will slightly reduce net returns over time compared with lower-cost options.
COPA vs. SPDR S&P 500 ETF (SPY)
AUM13.52M
RegionGlobal
Expense Ratio0.35%
Beta1.38
IssuerThemes
Inception DateSep 24, 2024
Dividend YieldN/A
Asset ClassEquity
Index TrackedBITA Global Copper Mining Select Index - Benchmark TR Net
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume1,963
30 Day Avg. Volume2,624
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
63.37Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering45
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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?The Themes Copper Miners ETF (COPA) has an expense ratio of 0.35%, which means you’ll pay $3.50 per year for every $1,000 invested. This cost is slightly higher than average for ETFs because it is actively managed to focus on a specific niche, the copper mining industry. This specialized approach requires more research and management compared to passively managed funds that track broad indexes.
What would affect this ETF?The Themes Copper Miners ETF (COPA) could benefit from increasing global demand for copper driven by the growth of renewable energy, electric vehicles, and infrastructure projects, as these industries rely heavily on copper. However, the ETF may face challenges from fluctuating copper prices, regulatory changes in mining regions, or economic slowdowns that reduce industrial activity. Its global exposure and focus on major copper mining companies provide diversification but also make it sensitive to geopolitical risks and environmental regulations in key mining countries.
COPA Top 10 Holdings
COPA is essentially a pure play on global copper miners, with performance powered by a handful of rising heavyweights. Freeport-McMoRan and Southern Copper are helping lead the charge, riding strong momentum as copper demand stays hot. Hudbay Minerals and First Quantum are also climbing, though their operational and valuation headaches can occasionally throw sand in the gears. Giants like Glencore and BHP are more steady contributors, offering ballast when smaller names get choppy. With a materials-heavy, globally diversified lineup, this ETF lives and dies by the copper cycle.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Freeport-McMoRan | 8.43% | $1.14M | $104.44B | 56.95% | 67 Neutral | |
| Glencore | 4.58% | $618.49K | £70.39B | 109.72% | 68 Neutral | |
| Hudbay Minerals | 4.36% | $588.63K | $12.18B | 115.64% | 76 Outperform | |
| BHP Group Ltd | 3.88% | $524.79K | AU$316.45B | 67.69% | 68 Neutral | |
| First Quantum Minerals | 3.59% | $484.72K | C$37.19B | 81.12% | 73 Outperform | |
| Anglo American | 3.44% | $464.55K | £44.96B | 86.78% | 66 Neutral | |
| Atalaya Mining | 3.28% | $443.63K | £1.61B | 92.99% | 73 Outperform | |
| Teck Resources | 3.24% | $438.31K | $33.89B | 101.40% | 66 Neutral | |
| Lundin Mining | 3.07% | $415.17K | C$30.36B | 114.21% | 72 Outperform | |
| Southern Copper | 3.07% | $414.35K | $167.82B | 100.65% | 73 Outperform |
COPA Technical Analysis
Positive
―
Price Trends
51.13
Positive
50.63
Positive
47.83
Positive
Market Momentum
1.55
Positive
55.68
Neutral
17.47
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For COPA, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 55.64, equal to the 50-day MA of 51.13, and equal to the 200-day MA of 47.83, indicating a bullish trend. The MACD of 1.55 indicates Positive momentum. The RSI at 55.68 is Neutral, neither overbought nor oversold. The STOCH value of 17.47 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for COPA.
COPA Peer Comparison
Comparison Results
Performance Comparison
COPA
Themes Copper Miners ETF
55.95
25.14
81.60%
METL
Sprott Active Metals & Miners ETF
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―
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REXC
Sprott Rare Earths Ex-China ETF
―
―
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FMTL
First Trust Indxx Critical Metals ETF
―
―
―
AUMI
Themes Gold Miners ETF
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―
―
AGMI
Themes Silver Miners ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis 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.Date of analysis: ―
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