COPX
Global X Copper Miners ETF
The Global X Copper Miners ETF is an exchange-traded fund incorporated in the USA. The seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Copper Miners Index ("Underlying Index").
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
5.4 B
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Fund sponsor | Global X Management Co LLC |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 20, 2010 |
| Assets (mns) | $5,365 |
| Expense ratio | 65 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| KGHM POLSKA MIEDZ S.A. | 5.8 % |
| LUNDIN MINING CORP | 5.7 % |
| BOLIDEN | 5.2 % |
| FREEPORT-MCMORAN COPPER | 5.0 % |
| SOUTHERN COPPER CORP | 4.8 % |
| GLENCORE INTERNATIONAL PLC | 4.8 % |
| ANTOFAGASTA PLC | 4.8 % |
| FIRST QUANTUM MINERALS LTD | 4.7 % |
| HUDBAY MINERALS INC | 4.7 % |
| SUMITOMO METAL MINING CO LTD | 4.6 % |
Constituent Breakdown
| Number of holdings | 41 |
| Herfindahl-Hirschman Index | 384 |
| Wgt avg mkt cap (mns) | $26,599 |
| Large cap (>$10bn) | 59.4% |
| Mid cap ($2-10bn) | 29.9% |
| Small cap (<$2bn) | 7.9% |
| Developed mkts. | 81.4% |
| Emerging mkts. | 18.6% |
Country Exposure
 |
CANADA | 37.5 % |
 |
UNITED STATES | 9.9 % |
 |
CHINA | 9.8 % |
 |
AUSTRALIA | 8.0 % |
 |
JAPAN | 6.9 % |
 |
POLAND | 5.8 % |
 |
BRITAIN | 5.3 % |
 |
SWEDEN | 5.2 % |
 |
SWITZERLAND | 4.8 % |
 |
HONG KONG | 2.7 % |
Historical Performance
Standardized Performance (as of 12/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 88.0% | 88.0% | 38.4% | 26.5% | 18.8% | 19.8% | -- | 3.2% |
| Dividend Yield | 5.5% | 5.5% | 3.2% | 3.0% | 2.8% | 2.3% | -- | 2.3% |
| Total Returns | 93.5% | 93.5% | 41.6% | 29.5% | 21.6% | 22.1% | -- | 5.4% | Ann. Volatility | 35.3% | 35.3% | 34.3% | 32.8% | 35.1% | 35.6% | -- | 35.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.20 | 43% |
| MSCI EAFE | 1.52 | 50% |
| MSCI Emg Mkts | 1.50 | 56% |
Liquidity Measures
| Avg. volume (000) | 2,853 |
| ADV traded (mns) | $221 |
| Turnover | 4.1% |
| Avg. Bid/Ask (% of price) | 0.03% |
Technical Indicators
| 30d moving avg. (EMA) | $69.99 |
| Relative strength (RSI) | 67 |
| MACD/Signal | 3.38/3.10 |
| Bollinger Bands (Upper/Lower) | $79.08/$64.23 |
| Short interest (% of AUM) | 4.8% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. COPX |
Expenses vs. COPX |
ALTAR Score™ vs. COPX |
|---|---|---|---|---|
| COPA | Themes Copper Miners ETF | 58.7% | -30 bp | +3.0% |
| ICOP | iShares Copper and Metals Mining ETF | 49.7% | -18 bp | +5.6% |
| GMET | VanEck Green Metals ETF | 38.6% | -2 bp | +4.7% |
| BATT | Amplify Lithium & Battery Technology ETF | 28.1% | -6 bp | +1.6% |
| PICK | iShares MSCI Global Metals & Mining Producers ETF | 26.7% | -26 bp | +7.8% |
| DMAT | Global X Disruptive Materials ETF | 25.3% | -6 bp | +4.5% |
| SETM | Sprott Energy Transition Materials ETF | 19.0% | 0 bp | +1.6% |
| EV | Mast Global Battery Recycling & Production ETF | 18.2% | 0 bp | +6.3% |
| AGMI | Themes Silver Miners ETF | 14.2% | -30 bp | +3.2% |
| CCNR | ALPS CoreCommodity Natural Resources ETF | 13.7% | -26 bp | +7.3% |
Risk and Returns: COPX vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 1/11/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
COPX
4.1%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 391 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
2.9%. COPX's ALTAR Score™ is approximately
0.0 standard deviations
above
the category average. This places COPX in the 50th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
COPXSELL
U/W
HOLD
O/W
BUY