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Chile

Santiago Exchange · ECH · IPSA

The energy transition's supply chain starts here. Chile produces 27% of the world's copper and holds massive lithium reserves in the Salar de Atacama. Conservative banks, growing airlines, and consumer staples round out a market navigating thoughtful reform.

14.3× Index P/E
-1.8% YTD 2026
2.9% Avg Yield
Energy Transition Leader

SQM's lithium and copper majors power the global clean energy supply chain

Banking Stability

Conservative institutions with strong yields and low volatility

Consumer Resilience

Beverage and airline names provide defensive balance and growth

12 stocks & ETFs for US investors

ECH
Broad ETF

iShares MSCI Chile ETF

The primary vehicle for Chile exposure, holding ~30 stocks across mining, banking, and utilities. Reasonable liquidity with options available. A straightforward way to access the copper and lithium thesis.

$39.76
Price
14.3
P/E
2.9%
Yield
~$872M–1B AUM
Mkt Cap
COPX
Copper ETF

Global X Copper Miners ETF

Broad copper mining exposure beyond Chile alone. Returned 73.5% over the trailing year as structural copper deficits from electrification, AI infrastructure, and EV adoption drove prices to new highs.

$70.75
Price
24.4
P/E
0.24%
Yield
~$6.6B AUM
Mkt Cap
LIT
Lithium ETF

Global X Lithium & Battery ETF

Thematic exposure to the entire lithium supply chain — from miners like SQM to battery manufacturers. Diversifies single-stock risk while capturing the energy storage megatrend.

$72.51
Price
21.8
P/E
0.42%
Yield
~$1.7B AUM
Mkt Cap
SQM
Lithium / Chemicals

Sociedad Química y Minera

Chile's crown-jewel lithium producer, operating the world's lowest-cost lithium deposit. Strong FY25 turnaround with EPS of $2.06 on record lithium sales volumes. Scotiabank set a $100 price target.

$82.70
Price
~37–40
P/E
~0%
Yield
~$23.6B
Mkt Cap
BCH
Banking

Banco de Chile

Chile's most profitable bank with a dominant retail franchise. A 5.6% dividend yield backed by conservative underwriting and consistent returns on equity. The income anchor for a Chile portfolio.

$37.28
Price
~8–12
P/E
5.6%
Yield
~$18.8B
Mkt Cap
BSAC
Banking

Banco Santander Chile

Chile's second-largest bank by assets, backed by the global Santander franchise. Strong mortgage and consumer lending growth with digital transformation investments driving efficiency gains.

~$30–35
Price
12.3
P/E
~4%
Yield
~$14–17B
Mkt Cap
ENIC
Electric Utilities

Enel Chile

Chile's largest electricity generator with ~76% of generation from renewables. Trailing P/E distorted by one-time items — normalized P/E runs 6–10×. A clean energy utility with strong dividend commitment.

$3.83
Price
~140**
P/E
~4.2–5.6%
Yield
~$5.5–6B
Mkt Cap
CCU
Beverages

Cervecerías Unidas

Chile's dominant brewer and beverage company with operations across Argentina, Bolivia, and Paraguay. A beta of just 0.22 makes it a portfolio stabilizer with defensive cash flows.

$14.54
Price
16.9
P/E
2.7%
Yield
~$2.7B
Mkt Cap
AKO.B
Beverages

Embotelladora Andina (B)

Major Coca-Cola bottler serving Chile, Brazil, Argentina, and Paraguay. Series B shares are the more liquid class with strong institutional ownership and a 4.4% yield.

$30.89
Price
16.3
P/E
4.4%
Yield
~$4.9B
Mkt Cap
LTM
Airlines

LATAM Airlines Group

Latin America's largest airline, post-restructuring and thriving. Q4 2025 EPS surged 78% year-over-year with 8–10% capacity growth projected for 2026 including 41 new aircraft deliveries.

~$48–59
Price
12.0
P/E
~1.5%
Yield
~$16–17B
Mkt Cap
AKO.A
Beverages

Embotelladora Andina (A)

Series A shares of the same company as AKO.B, trading at a discount with a higher 5.1% yield. Less liquid but a better income play for buy-and-hold investors.

$23.11
Price
12.8
P/E
5.1%
Yield
Same co.
Mkt Cap
GPRK
Oil & Gas

GeoPark Limited

Headquartered in Chile with operations across Colombia, Brazil, and Argentina. 57% EBITDA margin and ambitious 2030 production targets. The Vaca Muerta expansion adds a second growth engine.

$9.99
Price
10.1
P/E
~1.2%
Yield
~$527M
Mkt Cap

All prices reflect March–April 2026 data and may have moved materially. Treat these as directional reference points, not executable quotes. P/E ratios use trailing twelve months unless noted. Dividend yields are trailing and may include special distributions. “N/A” indicates data was not available from US financial data platforms at time of publication. Always verify current pricing and metrics through your brokerage before making investment decisions.