COPX


Copper Miners ETF

Reasons to Consider COPX

Targeted Exposure

COPX is a targeted play on copper mining.

Long-Term Potential

Copper is an essential input in electric vehicles, renewable energy storage, and other forms of next-generation infrastructure that we expect to gain popularity.

ETF Efficiency

In a single trade, COPX delivers efficient access to a basket of companies involved in the mining of copper.

Key Information As of 02/02/23

Inception Date 04/19/10
Total Expense Ratio 0.65%
Net Assets $2.00 billion
NAV $40.92
Fact Sheet

ETF Summary

The Global X Copper Miners ETF (COPX) provides investors access to a broad range of copper mining companies.

ETF Objective

The Global X Copper Miners ETF (COPX) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Copper Miners Total Return Index.

Trading Details As of 02/02/23

Ticker COPX
Bloomberg Index Ticker SOLGLOCO
CUSIP 37954Y830
ISIN US37954Y8306
Primary Exchange NYSE Arca
Shares Outstanding 48,979,374
Number of Holdings 39
30-Day Median Bid-Ask Spread 0.12%

Distributions As of 02/02/23

30-Day SEC Yield 2.33%
Distribution Frequency Semi-Annually

ETF Prices As of 02/02/23

NAV $40.92 Daily Change -$0.60 -1.45%
Market Price $40.48 Daily Change -$1.42 -3.39%

Performance History

As of recent
(12/31/22)
As of recent
(12/31/22)
Fund NAV Market Price Index
1 Year -0.69% -0.71% -0.19%
3 Years 22.96% 22.95% 23.67%
5 Years 7.56% 7.51% 8.11%
10 Years 0.71% 0.65% 1.19%
Since Inception 0.60% 0.59% 1.05%
1 Year 13.84% 14.16% 14.41%
3 Years 35.55% 35.94% 36.33%
5 Years 9.98% 10.25% 10.53%
10 Years 2.11% 2.18% 2.59%
Since Inception 1.75% 1.80% 2.21%
Year-to-Date -0.69% -0.71% -0.19%
1 Month 0.76% -1.03% 0.87%
3 Months 26.49% 26.75% 26.75%
Since Inception 7.88% 7.79% 14.24%
Year-to-Date 15.78% 16.54% 15.81%
1 Month 15.78% 16.54% 15.81%
3 Months 44.51% 45.60% 44.80%
Since Inception 24.90% 25.61% 32.31%

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.

Top Holdings As of 02/02/23

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
5.78 ANTO LN ANTOFAGASTA PLC 0045614 21.14 5,478,596 115,790,524.55
5.70 2899 HK ZIJIN MINING-H 6725299 1.67 68,598,360 114,238,025.80
5.46 SCCO SOUTHERN COPPER CORP 2823777 76.11 1,437,656 109,419,998.16
5.45 KGH PW KGHM POLSKA MIEDZ SA 5263251 33.05 3,304,903 109,213,748.56
5.18 FCX FREEPORT-MCMORAN INC 2352118 43.71 2,377,163 103,905,794.73
5.01 LUN CN LUNDIN MINING CORP 2866857 7.31 13,733,458 100,352,737.75
4.91 IVN CN IVANHOE MINES LTD-CL A BD73C40 9.40 10,476,436 98,447,940.16
4.91 5713 JP SUMITOMO MET MIN 6858849 40.54 2,426,281 98,358,912.77
4.83 BHP AU BHP GROUP LTD 6144690 34.71 2,787,406 96,738,173.22
4.70 BOL SS BOLIDEN AB BL54C29 44.78 2,103,554 94,200,088.05
4.58 GMEXICOB MM GRUPO MEXICO-B 2643674 4.39 20,918,381 91,845,575.18
4.45 TECK/B CN TECK RESOURCES LTD-CLS B 2879327 42.76 2,087,559 89,265,039.78
4.21 FM CN FIRST QUANTUM 2347608 21.50 3,924,858 84,386,512.40
4.19 OZL AU OZ MINERALS LTD 6397825 19.84 4,230,966 83,954,417.84
4.12 GLEN LN GLENCORE PLC B4T3BW6 6.71 12,297,878 82,495,908.68
3.99 NDA GR AURUBIS AG 5485527 110.94 720,269 79,903,807.93
2.46 5711 JP MITSUBISHI MATERIALS CORP 6597089 16.98 2,903,108 49,291,447.80
2.45 SFR AU SANDFIRE RESOURCES LTD 6739739 4.59 10,696,565 49,091,910.75
2.27 358 HK JIANGXI COPPER CO LTD-H 6000305 1.74 26,111,401 45,548,077.51
1.98 CS CN CAPSTONE COPPER CORP BMY5XY9 4.74 8,392,328 39,747,155.62
1.65 FIL CN FILO MINING CORP BD3VM71 16.99 1,943,474 33,019,480.08
1.48 ERO CN ERO COPPER CORP BF02Z72 15.97 1,855,395 29,626,063.60
1.43 HBM CN HUDBAY MINERALS INC B05BDX1 5.44 5,256,129 28,568,495.47
1.10 1208 HK MMG LTD 6728793 0.33 67,362,400 22,075,190.22
1.08 2099 HK CHINA GOLD INTER B60FNV8 3.78 5,744,400 21,718,166.11
0.75 1258 HK CHINA NONFERROUS B890GY2 0.55 27,474,700 15,099,550.13
0.75 CAML LN CENTRAL ASIA METALS PLC B67KBV2 3.54 4,259,683 15,083,344.04
0.75 ALS CN ALTIUS MINERALS 2122355 16.19 927,318 15,009,138.88
0.62 SARKY TI SARKUYSAN B03MXB4 1.40 8,845,018 12,385,517.35
0.57 ATYM LN ATALAYA MINING PLC BYZTVM8 4.40 2,583,426 11,371,216.32
0.55 TGB TASEKO MINES LTD 2592066 1.65 6,660,702 10,990,158.30
0.49 2362 HK JINCHUAN GROUP 6373988 0.09 103,269,900 9,744,493.17
0.43 29M AU 29METALS LTD BNNVRL0 1.42 6,081,114 8,640,646.22
0.39 CMMC CN COPPER MOUNTAIN B1Z9T89 1.59 4,914,162 7,831,922.60
0.36 NEXA NEXA RESOURCES SA BF02YN1 6.78 1,073,553 7,278,689.34
0.31 SLS CN SOLARIS RESOURCES INC BMQ5701 5.16 1,214,260 6,262,083.60
0.30 1515 JP NITTETSU MINING CO LTD 6641027 28.93 208,983 6,046,745.16
0.26 SOLG LN SOLGOLD PLC B0WD0R3 0.20 26,005,149 5,122,119.74
0.13 NAK NORTHERN DYNASTY MINERALS B014QY6 0.23 11,909,770 2,679,698.25
0.00 BRITISH STERLING POUND 1.23 15,336 18,855.50
0.00 MEXICAN PESO 0.05 134,309 7,223.23
0.00 AUSTRALIAN DOLLAR 1.00 0 0.01
0.00 SOUTH AFRICAN RAND 0.09 0 0.01
0.00 HONG KONG DOLLAR 0.00 0 0.00
0.00 POLISH ZLOTY 0.00 0 0.00
0.00 SWEDISH KRONE 0.00 0 0.00
0.00 JAPANESE YEN 0.01 -1 -0.01
0.00 CANADIAN DOLLAR 0.75 -5,812 -4,369.39
-0.02 CASH 1.00 -464,125 -464,124.65
Holdings are subject to change. "Cash" denotes U.S. dollars.

Sector Breakdown As of 12/31/22

Sector Weight (%)
Materials 99.1
Industrials 0.9

Source: AltaVista Research, LLC

Country Breakdown As of 12/31/22

Country Weight (%)
Canada 28.8
Australia 12.3
United States 10.2
China 8.4
Japan 7.9
Britain 6.9
Poland 5.5
Switzerland 4.7
Sweden 4.5
Mexico 4.2
Germany 3.4
Other/Cash 3.2

Source: AltaVista Research, LLC

ETF Characteristics As of 02/02/23

Return on Equity 9.80%
Weighted Avg. Market Cap 16,798 M
2022 2023
Price-to-earnings 11.83 13.99
Price-to-book value 1.41 1.33

Source: AltaVista Research, LLC

ETF Risk Stats As of 01/31/23

Versus Beta
S&P 500 1.42
MSCI EAFE 1.62
MSCI Emg. Mkts 1.54
Standard Deviation 41.90%

Source: AltaVista Research, LLC

ETF Research

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Investing involves risk, including the possible loss of principal. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Narrowly focused investments may be subject to higher volatility. There are additional risks associated with investing in copper and the copper mining industry. COPX is non-diversified.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Beginning October 15, 2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. Prior to October 15, 2020, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Solactive AG, nor does Solactive AG make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are  affiliated with Solactive AG.

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