COPX - Risk

Risk & Diversification Scores

Transparent evaluation of price volatility (SRI) and 4-dimensional portfolio diversification.

Volatility Risk Score

7/7 Very High

7 / 7 SRI PRIIPs Risk Class

Very high volatility or fundamental risks. Significant loss potential; strictly for aggressive investors.

Volatility (5Y)

37.5% p.a.

5-Year Horizon

Max Drawdown (5Y)

-43.4%

Deepest Drawdown

Sharpe Ratio

0.42

Moderate (0.0 - 0.5)

Rec. Holding Period

10+ Years

Investment Horizon

Speculative / High Risk: Score Basis:

Diversification Score

Focused (35% – 50%)

13 / 100 Portfolio Diversification

4 Dimensions: Holdings (30%) • Sectors (25%) • Industries (25%) • Regions (20%)

Focused weighting: Top holdings drive a major share of fund returns.

Top 10 Holdings

49.4%

Focused

Effective Holdings

~30

of 40 holdings

Top Sector

97.4%

Basic Materials

Top Region / Country

38.3%

Canada

Elevated concentration in top individual holdings, leading sectors, or key regions.

Multi-Horizon Risk & Performance Matrix

Historical volatility, drawdowns, and risk-adjusted return across 1, 3, 5, and 10 years.

High Volatility

Timeframe	Volatility (p.a.)	Max Drawdown	Sharpe Ratio	Return (p.a.)
1 Year	—	—	—	+28.2%
3 Years	38.7%	-40.7%	0.78	+32.6%
5 Years	37.5%	-43.4%	0.42	+18.4%
10 Years	36.1%	-66.7%	0.41	+17.3%

Notes & Warnings

🟢 Favorable / fair valuation: Avg P/E of 15.8

🟢 Deep market liquidity & capital coverage (Tier 1)

🟢 Established large fund (> 500M € AUM)

🟡 Moderate analyst coverage (10.4 analysts)

⚠️ Elevated top 10 holdings concentration: 49% of fund in top 10 positions.

⚠️ Elevated emerging markets risk: 28% Emerging Markets.

🔴 Severe sector concentration risk: 97% in "Basic Materials".

🔴 Extreme industry concentration: 58% in "Copper".

🔴 Growth estimates are hyper-concentrated: Top 3 growth drivers account for 81% of total forward growth.

🔴 High Commodity Concentration: 100% of fund depends directly on volatile energy and raw material markets.

🔴 Dominant Cyclicality: 100% in cyclical industries – higher drawdown risk in recessions.

🔴 Structurally High Volatility: Above-average fluctuations persist across 5 to 10 years (37.5% p.a.).

⚠️ Historical Stress Test: Maximum peak-to-trough drawdown of -66.7% in the extended horizon.