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COPP

GradeDNASDAQ Global Market

Sprott Copper Miners ETF

Themes · Sprott · Inception 2024-03-05

$42.86−1.65 (−3.71%)

As of Sep 23, 2026, 2:19 PM EDT

History starts Mar 6, 2024.
Intraday session: down, 58 prints from 44.51 to 42.86. Range 42.63 to 43.31. Use the arrow keys to read each point.$42.60$43.00$43.2010 AM12 PM2 PM4 PM
Expense ratio
0.66%
Fund size
$284M
1Y return
+70.6%
Yield · Last 12 months
1.85%
Holdings
80
Volume · 30D
0.1M sh
NAV per share
$42.57
52W range
low $26.28high $47.46

The ETF.net COPP Grade

D

37/ 100

Rank 16 of 21 in Global Thematic⁠

Confidence Medium

Six-pillar profile for COPP. Scores out of 100: Cost 35, Risk 24, Mission not scored, Tradability 63, Holdings 21, Durability 50. Strongest: Tradability (63). Weakest: Holdings (21). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 37 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 35
    Category rank13/21 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 24
    Category rank20/20 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 63
    Category rank7/21 · top 33%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    FScore 21
    Category rank17/18 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 50
    Category rank13/21 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on COPP

ETF.net Research

DCopper's electrification story played through the shovels, not the metal. COPP indexes roughly 80 miners worldwide, the broad half of Sprott's two-lane copper shelf.

Stated mandate

The fund seeks, before fees and expenses, to generally match the total-return performance of the Nasdaq Sprott Copper MinersTM Index.

Why people hold it

  1. 01Rules-based, not stock-picked: it tracks the Nasdaq Sprott Copper Miners Index across roughly 80 miners globally.sprott.com
  2. 02At 0.66%, it prices right at the middle of the copper-miner shelf. No surcharge for the specialist wrapper.
  3. 03Sprott runs copper in two lanes: COPP for the broad miner index, COPJ for the juniors. You pick the risk end instead of taking a blend.

Worth knowing

  1. 01It launched in 2024, so the track record does not yet cover a full copper cycle.
  2. 02Cheaper doors into the theme exist: ICOP lists at 0.47% and COPX at 0.65%.
  3. 03One metal, one sector: it rises and falls with copper miners, and cash comes back once or twice a year at most, not monthly.

COPP Holdings

As of Sep 20, 2026, 8:58 AM
Asset class
Stocks
Holdings
80
Top-10 weight
74%
Largest holding
FCX23.9%

Sectors

  • Materials99.2%
  • Financials0.3%
  • Consumer Discr.0.1%
  • Industrials0.1%
  • Energy0.1%
  • Technology0.1%
  • Health Care0.1%
  • Communication0.0%
  • Cons. Staples0.0%
  • Utilities0.0%
  • Real Estate0.0%

Geography

  • Canada43.82%
  • United States30.13%
  • United Kingdom8.21%
  • Australia6.74%
  • Poland4.68%
  • Indonesia2.30%
  • Peru1.64%
  • Spain0.88%
  • Other countries (7)1.61%

Developed 86% · Emerging 14% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 6.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001FCXFreeport-McMoRan Inc.23.93%951,457$68M368
002TECKTeck Resources Ltd.10.16%440,926$29M31
003ANTO.LAntofagasta PLC8.01%464,818$23M124
004—Sprott Physical Copper Trust5.18%1,202,459$15M1
005HBMHudbay Minerals Inc.5.18%547,168$15M21
006SCCOSouthern Copper Corp.4.70%68,321$13M214
007FM.TOFirst Quantum Minerals Ltd.4.70%428,823$13M86
008KGH.WAKGHM Polska Miedz SA4.66%149,361$13M89
009LUN.TOLundin Mining Corp.4.49%532,747$13M87
010CS.TOCapstone Copper Corp.3.22%883,375$9M60
011SFR.AXSandfire Resources Ltd.2.80%507,865$8M61
012IVN.TOIvanhoe Mines Ltd.2.54%841,164$7M66
0131208.HKMMG Ltd.2.40%6,061,700$7M82
014AMMN.JKAmman Mineral Internasional PT2.29%24,708,700$7M30
015EROERO Copper Corp.1.49%124,412$4M15

Showing 1–15 of 81 holdings

COPP Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

COPP$17,063
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. COPP $17,063. SPY $11,723. Use the arrow keys to read each point.$8,855$13,759$18,664Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for COPP. Periods over one year show the average yearly return.
PeriodCOPP
Year to date+27.9%
1 month−2.5%
3 months+7.2%
1 year+70.6%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for COPP
YearReturn barCOPP
2026 YTD+27.9%
2025+74.0%
2024+4.2%

History from Mar 6, 2024

COPP in the news

COPP Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
1.85%Last 12 months
Payout per share
$0.82Last 12 months
Last payment
$0.82 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 12, 2024 $0.53; Dec 18, 2025 $0.82. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 18, 2025Dec 22, 2025$0.82
Dec 12, 2024Dec 19, 2024$0.53

COPP Risk

How much the fund’s monthly returns vary, scaled to a year.
31.7%
Annualised · 29 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.94
vs 3-month T-bills · 29 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−44.3%
30 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.95
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

COPP Cost

Expense ratio0.66%
  • The middle half of Global Thematic funds
  • Median 0.58%

13 of the 21 Global Thematic funds charge less.

COPP costs $66.00 a year on $10,000. The median Global Thematic fund costs $58.00.