COPAETF / FundThemes Copper Miners ETF
Verdicts genuinely change. Free email alert the moment COPA's does — no target price to set, unlike "Alert" above.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
Themes Copper Miners ETF · Themes ETF Trust
50 holdings · as of 2026-06-30 (3.8 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
NON-COMPLIANT 11.46% of portfolio weight is in non-compliant holdings, over the 5% threshold.
50 holdings, 27 matched (71% of weight). Portfolio as of 2026-06-30, filed 2026-08-24. Source: SEC Form N-PORT.
2.51% of this portfolio’s income is non-permissible — weighted across holdings, computed over 69% of portfolio weight (25 of 50 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
59.2% compliant 0.0% questionable 11.5% non-compliant 29.1% unscreened
All holdings (50)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| FCX Freeport-McMoRan Inc | COMPLIANT | 8.53% | AAOIFI9.4% Usmani17.3% Dow Jones Islamic14.8% S&P Shariah15.6% MSCI Islamic17.3% MSCI Islamic M-Series15.6% FTSE Shariah15.7% |
| GLEN.L Glencore PLC | NON_COMPLIANT | 4.45% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| HBM Hudbay Minerals Inc | COMPLIANT | 4.33% | AAOIFI5.7% Usmani16.2% Dow Jones Islamic17.1% S&P Shariah22.3% MSCI Islamic16.2% MSCI Islamic M-Series22.3% FTSE Shariah16.2% |
| BHP BHP Group Ltd | COMPLIANT | 4.06% | AAOIFI6.7% Usmani19.8% Dow Jones Islamic7.1% S&P Shariah7.4% MSCI Islamic19.8% MSCI Islamic M-Series7.4% FTSE Shariah19.8% |
| Jiujiang Defu Technology Co Lt | UNSCREENED | 3.76% | no in-house ratios for this holding |
| FM.TO First Quantum Minerals Ltd | COMPLIANT | 3.50% | AAOIFI21.3% Usmani23.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic23.4% MSCI Islamic M-Seriesfail FTSE Shariah23.4% |
| AAL.L Anglo American PLC | COMPLIANT | 3.49% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| LUN.TO Lundin Mining Corp | COMPLIANT | 3.35% | AAOIFI1.9% Usmani6.1% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.2% MSCI Islamic M-Seriespass FTSE Shariah4.2% |
| TECK Teck Resources Ltd | COMPLIANT | 3.28% | AAOIFI11.1% Usmani8.6% Dow Jones Islamic12.4% S&P Shariah12.9% MSCI Islamic8.6% MSCI Islamic M-Series12.9% FTSE Shariah8.6% |
| ANFGF Antofagasta PLC | COMPLIANT | 3.14% | AAOIFI19.7% Usmani27.4% Dow Jones Islamic19.9% S&P Shariah22.7% MSCI Islamic26.8% MSCI Islamic M-Series22.7% FTSE Shariah26.8% |
| SCCO Southern Copper Corp | COMPLIANT | 3.09% | AAOIFI4.9% Usmani35.7% Dow Jones Islamic8.2% S&P Shariah9.3% MSCI Islamic35.7% MSCI Islamic M-Series9.3% FTSE Shariah33.1% |
| ATALAYA MINING COPPER SA | UNSCREENED | 2.90% | no in-house ratios for this holding |
| CS.TO Capstone Copper Corp | COMPLIANT | 2.82% | AAOIFI14.9% Usmani22.4% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic18.5% MSCI Islamic M-Seriespass FTSE Shariah18.5% |
| TGB TREKOR METALS LTD | COMPLIANT | 2.73% | AAOIFI17.6% Usmani30.2% Dow Jones Islamic36.6% S&P Shariah46.6% MSCI Islamic30.2% MSCI Islamic M-Series46.6% FTSE Shariah30.2% |
| IVN.TO Ivanhoe Mines Ltd | NON_COMPLIANT | 2.73% | AAOIFI10.4% Usmani16.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic16.6% MSCI Islamic M-Seriesfail FTSE Shariah16.6% |
| 0358.HK Jiangxi Copper Co Ltd | NON_COMPLIANT | 2.43% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ERO ERO Copper Corp | COMPLIANT | 2.38% | AAOIFI12.1% Usmani31.6% Dow Jones Islamic27.7% S&P Shariah29.5% MSCI Islamic31.6% MSCI Islamic M-Series29.5% FTSE Shariah31.6% |
| SFR.AX Sandfire Resources Ltd | COMPLIANT | 2.28% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| China Nonferrous Mining Corp L | UNSCREENED | 2.07% | no in-house ratios for this holding |
| Guangdong Feinan Resources Rec | UNSCREENED | 1.95% | no in-house ratios for this holding |
| NGEx Minerals Ltd | UNSCREENED | 1.95% | no in-house ratios for this holding |
| NDA.DE Aurubis AG | COMPLIANT | 1.80% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Solaris Resources Inc | UNSCREENED | 1.79% | no in-house ratios for this holding |
| 1208.HK MMG Ltd | COMPLIANT | 1.78% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| CAML.L Central Asia Metals PLC | COMPLIANT | 1.65% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| BOL.ST Boliden AB | COMPLIANT | 1.57% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 1515.T Nittetsu Mining Co Ltd | COMPLIANT | 1.52% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| Aeris Resources Ltd | UNSCREENED | 1.47% | no in-house ratios for this holding |
| 29Metals Ltd | UNSCREENED | 1.47% | no in-house ratios for this holding |
| Ganzhou Teng Yuan Cobalt New M | UNSCREENED | 1.44% | no in-house ratios for this holding |
| III.TO Imperial Metals Corp | COMPLIANT | 1.35% | AAOIFI10.9% Usmani10.0% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic10.0% MSCI Islamic M-Seriespass FTSE Shariah10.0% |
| LunR Royalties Corp | UNSCREENED | 1.30% | no in-house ratios for this holding |
| Ivanhoe Electric Inc / US | UNSCREENED | 1.18% | no in-house ratios for this holding |
| ASM Avino Silver & Gold Mines Ltd | COMPLIANT | 1.15% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| BVN Cia de Minas Buenaventura SAA | COMPLIANT | 1.09% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| CHINAGOLDINTL | UNSCREENED | 1.03% | no in-house ratios for this holding |
| ALS.TO Altius Minerals Corp | NON_COMPLIANT | 1.01% | AAOIFI2.3% Usmani8.6% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic8.6% MSCI Islamic M-Seriesfail FTSE Shariah8.6% |
| NONFEMET | UNSCREENED | 0.89% | no in-house ratios for this holding |
| 5711.T Mitsubishi Materials Corp | NON_COMPLIANT | 0.84% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| Talon Metals Corp | UNSCREENED | 0.83% | no in-house ratios for this holding |
| Collective Mining Ltd | UNSCREENED | 0.83% | no in-house ratios for this holding |
| US Goldmining Inc | UNSCREENED | 0.76% | no in-house ratios for this holding |
| WA1 Resources Ltd | UNSCREENED | 0.70% | no in-house ratios for this holding |
| Hot Chili Ltd | UNSCREENED | 0.70% | no in-house ratios for this holding |
| Chalice Mining Ltd | UNSCREENED | 0.68% | no in-house ratios for this holding |
| Power Metallic Mines Inc | UNSCREENED | 0.61% | no in-house ratios for this holding |
| GoldMining Inc | UNSCREENED | 0.52% | no in-house ratios for this holding |
| HGO.AX Hillgrove Resources Ltd | COMPLIANT | 0.27% | AAOIFI1.7% Usmani6.1% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic3.1% MSCI Islamic M-Seriespass FTSE Shariah3.1% |
| First American Treasury Obliga | UNSCREENED | 0.16% | no in-house ratios for this holding |
| Amarc Resources Ltd | UNSCREENED | 0.14% | no in-house ratios for this holding |
The published standards disagree about this fund by 18 points of portfolio weight — 59.8% of it passes FTSE Shariah, 41.5% passes Dow Jones Islamic. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 56.9% ratios fail on 11.5% 31.4% not rated under AAOIFI
ratios pass on 59.1% ratios fail on 9.3% 31.4% not rated under Usmani
ratios pass on 41.5% ratios fail on 24.5% 33.8% not rated under Dow Jones Islamic
ratios pass on 41.5% ratios fail on 24.5% 33.8% not rated under S&P Shariah
ratios pass on 56.7% ratios fail on 9.3% 33.8% not rated under MSCI Islamic
ratios pass on 41.5% ratios fail on 24.5% 33.8% not rated under MSCI Islamic M-Series
ratios pass on 59.8% ratios fail on 6.2% 33.8% not rated under FTSE Shariah
27 of 50 listed holdings carry our own per-methodology verdicts (71% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 15 (47% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
Themes Copper Miners ETF (COPA) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for COPA — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
Price Forecast
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Technical Summary
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 25.00 | BUY |
| Stochastic %K (14) | 0.64 | BUY |
| CCI (20) | -170.62 | BUY |
| Williams %R (14) | -99.36 | BUY |
| MACD (12,26,9) | -0.59 | SELL |
| ROC (10) | -14.38 | SELL |
| Momentum (10) | -7.61 | SELL |
| EMA (10) | 48.44 | SELL |
| SMA (10) | 48.89 | SELL |
| EMA (20) | 50.16 | SELL |
| SMA (20) | 50.75 | SELL |
| EMA (30) | 51.09 | SELL |
| SMA (30) | 51.83 | SELL |
| EMA (50) | 51.75 | SELL |
| SMA (50) | 53.58 | SELL |
| EMA (100) | 51.27 | SELL |
| SMA (100) | 51.57 | SELL |
| EMA (200) | 48.94 | SELL |
| SMA (200) | 50.00 | SELL |
About Themes Copper Miners ETF
The index is composed of companies that derive significant revenues from the mining, exploration, and refining of copper. The fund will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities that comprise the Index and American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”) based on the securities in the index. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
SMC — Top Down
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 43 |
| ⏱ 15-Min | BEARISH | 32 |
| ⏲ 5-Min | BEARISH | 97 |
Momentum & Volume
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
Peer Movement
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
Before you act on this
The questions worth asking about any verdict on this page, answered plainly.
Is a fund screened on its name?
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
What does unrated weight mean?
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
Does the issuer's board make it compliant?
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
How often is this re-screened?
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Compare with
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Insider Activity (90d)
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-10-20 · Asset managers net 901377 (-14458)
AI Summary
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.