Copper consumption could reach 42M metric tonnes by 2040, up from 28M in 2025. However, supply may not keep up with demand, which could present opportunities for miners.1
Copper is an essential input in electric vehicles, renewable energy storage, and other forms of next-generation infrastructure that we expect to gain popularity.
In a single trade, COPX delivers efficient access to a basket of companies involved in the mining of copper.
1S&P Global Energy & Market Intelligence. "Copper in the Age of AI: Challenges of Electrification". January 2026.
| Key Information |
| Trading Details |
| Distributions |
| Taxes |
| NAV | Daily Change | |||
| Market Price | Daily Change |
| Fund NAV | Market Price | Index | |
|---|---|---|---|
| Options Details |
| Net Assets (%) | Ticker | Name | SEDOL | Shares Held | Market Value |
|---|---|---|---|---|---|
| Exposure |
| ETF Characteristics |
| ETF Risk Stats |
| VERSUS | BETA |
|---|---|
| S&P 500 | 1.70 |
| NASDAQ-100 | 1.28 |
| MSCI EAFE | 1.82 |
| MSCI Emg. Mkts | 1.54 |
| Standard Deviation | 29.20% |
| Return on Equity | 11.20% | |
| Weighted Avg. Market Cap | 29,891 M | |
| 2025 | 2026 | |
| Price-to-earnings | 29.61 | 19.14 |
| Price-to-book value | 2.24 | 2.07 |
| Sector | Weight (%) | |
|---|---|---|
| Materials | 96.8 | |
| Industrials | 3.2 |
| Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
|---|---|---|---|---|---|---|
| 5.34 | TECK/B CN | TECK RESOURCES LTD-CLS B | 2879327 | 61.18 | 6,404,294 | 391,794,296.89 |
| 5.16 | BHP AU | BHP GROUP LTD | 6144690 | 41.02 | 9,225,646 | 378,406,465.66 |
| 5.09 | ANTO LN | ANTOFAGASTA PLC | 0045614 | 51.35 | 7,264,987 | 373,058,985.81 |
| 5.08 | GLEN LN | GLENCORE PLC | B4T3BW6 | 7.61 | 48,979,161 | 372,525,904.10 |
| 5.03 | KGH PW | KGHM POLSKA MIEDZ SA | 5263251 | 89.25 | 4,136,196 | 369,175,892.74 |
| 4.96 | HBM CN | HUDBAY MINERALS INC | B05BDX1 | 24.49 | 14,867,983 | 364,111,661.11 |
| 4.75 | BOL SS | BOLIDEN AB | BPYTZ57 | 55.90 | 6,227,759 | 348,121,725.10 |
| 4.72 | SCCO | SOUTHERN COPPER CORP | 2823777 | 174.09 | 1,987,110 | 345,935,979.90 |
| 4.66 | LUN CN | LUNDIN MINING CORP | 2866857 | 27.62 | 12,388,141 | 342,149,085.51 |
| 4.59 | FM CN | FIRST QUANTUM MINERALS LTD | 2347608 | 25.88 | 13,003,806 | 336,534,581.25 |
Holdings are subject to change. "Cash" denotes U.S. dollars.
| NAV | $81.17 | Daily Change | $1.15 | 1.44% |
| Market Price | $82.31 | Daily Change | $2.94 | 3.70% |
| Fund NAV | Market Price | Index | |
|---|---|---|---|
| 1 Year | 95.77% | 101.04% | 97.27% |
| 3 Years | 27.09% | 28.35% | 27.90% |
| 5 Years | 18.75% | 19.30% | 19.43% |
| 10 Years | 20.23% | 20.74% | 20.92% |
| Since Inception | 5.69% | 5.88% | 6.20% |
Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.
* The financial statements include the Fund’s disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.
** The financial statements include the Fund’s disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.