COPP vs. COPA ETF Comparison
Comparison of Sprott Copper Miners ETF (COPP) to Themes Copper Miners ETF (COPA)
COPP
Sprott Copper Miners ETF
COPP Description
COPP aims to replicate an index comprised of 30 to 50 constituents with a significant portion of their revenue derived from copper mining, exploration, development, and production activities. Eligible securities must meet specific criteria, including minimum free float market capitalization and an Average Daily Traded Value threshold. Companies then undergo a selection process involving industry publications, research, and engagements with company management. Securities are weighted based on free float market capitalization, with excess weight redistributed among other constituents, ensuring portfolio diversification and preventing undue influence by individual companies. The index includes securities from domestic and international issuers, covering emerging and frontier markets, with notable representation from Canadian, Chilean, and Australian issuers. Reconstitution and rebalancing occur semi-annually, with deletions possible at any time due to corporate actions. COPP may also invest in publicly traded closed-ended trusts within the index's purview.
Grade (RS Rating)
Last Trade
$22.57
Average Daily Volume
16,955
4
COPA
Themes Copper Miners ETF
COPA Description
COPA invests in companies with substantial exposure to the copper mining industry. It uses a replication strategy, aiming to own the same stocks in the same proportion as its underlying index. The index is comprised of global firms classified under the subthemes copper mining, exploration, refining, and royalties. It is constructed based on revenue exposure as derived from the copper mining industry to identify Purity Leaders and Revenue Leaders. The former is defined as having a thematic exposure score equal to or greater than 30% of their total revenue, while the latter being in the top 5 companies ranked by their thematic revenue dollar amount. Final constituents are weighted based on market-cap, modified by thematic exposure using revenue. Country capping constraints and flooring conditions are also implemented to ensure proper allocation to significant revenue earners. The index is reconstituted and rebalanced quarterly starting in March.Grade (RS Rating)
Last Trade
$24.59
Average Daily Volume
699
4
Performance
| Period | COPP | COPA |
|---|---|---|
| 30 Days | -10.33% | -7.79% |
| 60 Days | -2.72% | |
| 90 Days | -3.05% | |
| 12 Months |
COPP Overweight 1 Positions Relative to COPA
| Symbol | Grade | Weight | |
|---|---|---|---|
| NAK | C | 0.37% |
COPP Underweight 1 Positions Relative to COPA
| Symbol | Grade | Weight | |
|---|---|---|---|
| BVN | F | -2.15% |
COPP: Top Represented Industries & Keywords
COPA: Top Represented Industries & Keywords
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