COPP - ETF AI Analysis
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Sprott Copper Miners ETF (COPP)
COPP, the Sprott Copper Miners ETF, has a solid but not top-tier rating, largely driven by strong, high-quality copper producers like Freeport-McMoRan and Southern Copper, which show healthy financial performance and positive momentum. However, several holdings face valuation concerns and operational challenges, such as cash flow issues and project-specific risks, which weigh on the fund’s overall score. The main risk is its concentrated exposure to copper miners, meaning the ETF is heavily tied to copper prices and sector-specific operational and regulatory risks.
COPP vs. SPDR S&P 500 ETF (SPY)
- AUM
- 232.47M
- Region
- Global
- Expense Ratio
- 0.66%
- Beta
- 1.58
- Issuer
- Sprott
- Inception Date
- Mar 05, 2024
- Dividend Yield
- 2.33%
- Asset Class
- Equity
- Index Tracked
- Nasdaq Sprott Copper Miners Index - Benchmark TR Net
COPP Summary
COPP is the Sprott Copper Miners ETF, which follows the Nasdaq Sprott Copper Miners Index and focuses on companies that mine and produce copper. It mainly holds materials-sector stocks from the U.S., Canada, and other countries. Well-known names in the fund include Freeport-McMoRan and Teck Resources. Investors might consider COPP if they believe copper demand will grow with electric vehicles, solar panels, and other green technologies, and want a simple way to invest in that theme. A key risk is that it is concentrated in copper miners, so its price can rise or fall sharply with copper prices and the global economy.
How much will it cost me?
This ETF has an expense ratio of 0.66%, which means you’ll pay about $6.60 per year for every $1,000 invested. That’s higher than the average low-cost index ETF because this fund is more specialized and focused on a niche sector (copper miners), which typically costs more to manage.
What would affect this ETF?
This ETF is heavily focused on global copper miners like Freeport-McMoRan and Teck Resources, so it could benefit if demand for copper rises due to growth in electric vehicles, renewable energy projects, and infrastructure spending, or if supply constraints push copper prices higher. On the downside, it may be hurt by slower global economic growth, falling copper prices, higher operating costs or environmental regulations on mining, and company-specific issues at its largest holdings, which can have an outsized impact due to the fund’s concentrated materials exposure.
COPP Top 10 Holdings
This ETF is a pure play on global copper miners, with performance largely steered by a few heavyweight names. Freeport-McMoRan and Teck Resources have been rising over the year, giving the fund much of its spark, while Southern Copper has been another steady engine of gains. On the flip side, Antofagasta, First Quantum Minerals, and Capstone Copper have been lagging lately, acting as a drag just as copper demand stories heat up. With holdings spread across North and South America and Europe, it’s globally diversified but tightly concentrated in the copper theme.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 FCX | Freeport-McMoRan | 23.85% | $55.85M | $85.33B | 53.74% | 67Neutral |
 TECK | Teck Resources | ― | ― | ― | ― | 66Neutral |
 GB:ANTO | Antofagasta | 8.15% | $19.09M | GBP 30.69B | 13.36% | 69Neutral |
 SCCO | Southern Copper | 4.87% | $11.41M | $142.73B | 28.05% | 73Outperform |
 HBM | Hudbay Minerals | 4.83% | $11.30M | $9.28B | 32.85% | ―― |
 TSE:LUN | Lundin Mining | 4.71% | $11.02M | CAD 25.32B | 20.78% | 72Outperform |
 PL:KGH | KGHM Polska Miedz SA | 4.43% | $10.36M | PLN 55.36B | 46.18% | 71Outperform |
 TSE:FM | First Quantum Minerals | 4.20% | $9.83M | CAD 27.35B | 11.61% | 73Outperform |
 TSE:CS | Capstone Copper | 2.90% | $6.79M | CAD 8.42B | -7.65% | 73Outperform |
COPP Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For COPP, the sentiment is Negative. The current price of 35.38 is below the 20-day moving average (MA) of 38.25, below the 50-day MA of 41.04, and below the 200-day MA of 40.09, indicating a bearish trend. The MACD of -1.54 indicates Positive momentum. The RSI at 35.21 is Neutral, neither overbought nor oversold. The STOCH value of 24.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for COPP.
COPP Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| COPP | $35.38 | $43.00(21.55% Upside) | $232.47M | 0.66% | 55Neutral |
 SLVP | $31.95 | $42.56(33.20% Upside) | $789.99M | 0.39% | 59Neutral |
 SGDM | $74.50 | $91.56(22.90% Upside) | $627.88M | 0.46% | 70Outperform |
 MXI | $107.50 | $129.49(20.46% Upside) | $398.17M | 0.37% | 65Neutral |
 GOAU | $42.94 | $54.18(26.19% Upside) | $187.59M | 0.60% | 70Outperform |
 GBUG | $44.57 | $60.08(34.80% Upside) | $161.11M | 0.90% | 62Neutral |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| COPP | Sprott Copper Miners ETF | 35.38 | 6.34 | 21.84% | |
| SLVP | iShares MSCI Global Silver Miners ETF | 31.95 | 4.95 | 18.33% | |
| SGDM | Sprott Gold Miners ETF | 74.50 | 13.17 | 21.47% | |
| MXI | iShares Global Materials ETF | 107.50 | 17.87 | 19.94% | |
| GOAU | U.S. Global GO GOLD and Precious Metal Miners ETF | 42.94 | 4.63 | 12.10% | |
| GBUG | Sprott Active Gold & Silver Miners ETF | 44.57 | 7.39 | 19.87% |
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.