COPA - ETF AI Analysis

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Themes Copper Miners ETF (COPA)

Rating:58Neutral

Price Target:―

The Themes Copper Miners ETF (COPA) has a moderate overall rating, reflecting a mix of strengths and challenges among its holdings. Southern Copper (SCCO) stands out as a key contributor to the fund's performance, thanks to its strong financial results, operational efficiency, and strategic focus on sustainability, though valuation concerns may limit short-term gains. On the other hand, holdings like Teck Resources (TECK) and Ivanhoe Mines (TSE:IVN) face financial and operational challenges, such as declining revenue and negative cash flow, which weigh on the ETF's overall rating. A notable risk for this ETF is its concentration in the copper mining sector, which makes it sensitive to fluctuations in copper prices and global demand.

Positive Factors

Strong Sector Focus

The ETF is heavily concentrated in the materials sector, which has shown strong performance due to rising demand for copper.

Global Diversification

The fund includes exposure to multiple countries, reducing reliance on any single geographic market.

Low Expense Ratio

The ETF charges a competitive expense ratio, making it cost-effective for investors.

Negative Factors

Sector Over-Concentration

Nearly 90% of the fund is allocated to the materials sector, increasing vulnerability to sector-specific downturns.

Mixed Performance of Top Holdings

Some top holdings, like Ivanhoe Mines and Glencore, have underperformed year-to-date, which could drag on overall returns.

Small Asset Base

The ETF has relatively low assets under management, which may lead to less liquidity and higher trading costs for investors.

COPA vs. SPDR S&P 500 ETF (SPY)

AUM2.20M

RegionGlobal

Expense Ratio0.35%

Beta1.15

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. Volume804

30 Day Avg. Volume1,724

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

40.62

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering53

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

COPA Summary

The Themes Copper Miners ETF (COPA) is an investment fund that focuses on companies involved in copper mining, a key material used in renewable energy, electric vehicles, and infrastructure. It follows the BITA Global Copper Mining Select Index and includes well-known companies like Freeport-McMoRan and Southern Copper. Investors might consider COPA for its potential growth as demand for copper rises and its role in supporting the transition to a greener economy. However, new investors should be aware that the ETF’s performance is closely tied to the copper industry, which can be affected by fluctuations in commodity prices 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

The Themes Copper Miners ETF (COPA) is heavily concentrated in the materials sector, with a global mix of leading copper mining companies driving its performance. Lundin Mining and China Nonferrous Mining are rising stars, benefiting from strong operational execution and bullish momentum. Meanwhile, Freeport-McMoRan and Ivanhoe Mines are holding the fund back, with mixed technical indicators and bearish trends weighing on their outlook. The ETF’s focus on copper miners positions it to capitalize on the growing demand for renewable energy and infrastructure, but recent volatility in key names suggests a bumpy road ahead.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
FCX	Freeport-McMoRan	7.23%	$163.12K	$60.52B	-3.68%	67 Neutral
LUN	Lundin Mining	4.63%	$104.58K	C$21.99B	87.36%	67 Neutral
FM	First Quantum Minerals	4.40%	$99.23K	C$25.40B	56.67%	61 Neutral
ANTO	Antofagasta	3.89%	$87.71K	£26.52B	58.00%	69 Neutral
TECK	Teck Resources	3.86%	$87.17K	$20.98B	-8.78%	63 Neutral
SCCO	Southern Copper	3.75%	$84.52K	$108.96B	37.38%	73 Outperform
IVN	Ivanhoe Mines	3.72%	$83.97K	C$20.07B	-26.49%	69 Neutral
CS	Capstone Copper	3.48%	$78.42K	C$9.05B	23.68%	67 Neutral
GLEN	Glencore	3.47%	$78.40K	£41.88B	-5.04%	68 Neutral
BHP	BHP Group Ltd	3.32%	$74.86K	AU$211.94B	-7.92%	68 Neutral

COPA Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

36.84

Positive

100DMA

33.29

Positive

200DMA

28.65

Positive

Market Momentum

MACD

-0.03

Negative

RSI

56.97

Neutral

STOCH

71.89

Neutral

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 36.68, equal to the 50-day MA of 36.84, and equal to the 200-day MA of 28.65, indicating a bullish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 56.97 is Neutral, neither overbought nor oversold. The STOCH value of 71.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for COPA.

COPA Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
COPA	―	―	$2.20M	0.35%	―
FTRI	―	―	$98.57M	0.70%	―
COPP	―	―	$56.99M	0.65%	―
METL	―	―	$35.42M	0.89%	―
AUMI	―	―	$23.73M	0.35%	―
AGMI	―	―	$6.47M	0.35%	―

Performance Comparison

COPA

Themes Copper Miners ETF

37.84

13.07

52.77%

FTRI

First Trust Indxx Global Natural Resources Income ETF

―

COPP

Sprott Copper Miners ETF

―

METL

Sprott Active Metals & Miners ETF

―

AUMI

Themes Gold Miners ETF

―

AGMI

Themes Silver Miners ETF

―

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.

Disclaimer

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.Date of analysis: ―

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