COPX


Copper Miners ETF

Reasons to Consider COPX

High Growth Potential

Forecasts suggest copper consumption will reach 43mm metric tonnes by 2050, up from 26mm in 2022.1 However, supply may not keep up with rising demand, and such an imbalance could support copper prices and present opportunities for miners.

Structural Tailwinds

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.

1BloombergNEF, Jun 2023

Key Information As of 07/16/24

Inception Date 04/19/10
Total Expense Ratio 0.65%
Net Assets $2.62 billion
NAV $46.60
Fact Sheet View the document

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 07/16/24

Ticker COPX
Bloomberg Index Ticker SOLGLOCO
CUSIP 37954Y830
ISIN US37954Y8306
Primary Exchange NYSE Arca
Shares Outstanding 56,199,374
Number of Holdings 40
30-Day Median Bid-Ask Spread 0.07%

Distributions As of 07/16/24

30-Day SEC Yield 0.74%
Distribution Frequency Semi-Annually

ETF Prices As of 07/16/24

NAV $46.60 Daily Change -$0.95 -2.00%
Market Price $46.58 Daily Change -$0.51 -1.08%

Performance History

As of recent month & quarter-end (06/30/24)
As of recent month & quarter-end (06/30/24)
Fund NAV Market Price Index
1 Year 22.81% 21.48% 23.61%
3 Years 9.38% 9.26% 9.94%
5 Years 18.99% 18.91% 19.67%
10 Years 5.94% 5.94% 6.58%
Since Inception 2.48% 2.45% 2.95%
1 Year 22.81% 21.48% 23.61%
3 Years 9.38% 9.26% 9.94%
5 Years 18.99% 18.91% 19.67%
10 Years 5.94% 5.94% 6.58%
Since Inception 2.48% 2.45% 2.95%
Year-to-Date 20.09% 20.72% 20.53%
1 Month -5.47% -6.06% -5.44%
3 Months 8.15% 6.69% 8.13%
Since Inception 41.60% 41.04% 51.19%
Year-to-Date 20.09% 20.72% 20.53%
1 Month -5.47% -6.06% -5.44%
3 Months 8.15% 6.69% 8.13%
Since Inception 41.60% 41.04% 51.19%

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 07/16/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
5.28 FM CN FIRST QUANTUM 2347608 12.94 10,308,799 133,427,022.13
5.02 KGH PW KGHM POLSKA MIEDZ SA 5263251 37.03 3,426,047 126,861,616.11
4.80 TECK/B CN TECK RESOURCES LTD-CLS B 2879327 49.71 2,442,637 121,431,966.78
4.77 IVN CN IVANHOE MINES LTD-CL A BD73C40 14.30 8,429,022 120,542,060.06
4.75 BOL SS BOLIDEN AB BPYTZ57 32.51 3,691,898 120,014,237.52
4.69 2899 HK ZIJIN MINING-H 6725299 2.28 52,104,935 118,651,597.96
4.68 LUN CN LUNDIN MINING CORP 2866857 11.29 10,471,261 118,254,121.01
4.65 GLEN LN GLENCORE PLC B4T3BW6 5.94 19,808,286 117,603,282.78
4.62 FCX FREEPORT-MCMORAN INC 2352118 50.07 2,334,207 116,873,744.49
4.58 BHP AU BHP GROUP LTD 6144690 28.96 3,994,989 115,714,255.25
4.56 ANTO LN ANTOFAGASTA PLC 0045614 27.55 4,185,583 115,322,336.04
4.53 SCCO SOUTHERN COPPER CORP 2823777 111.80 1,023,750 114,455,250.00
4.35 5713 JP SUMITOMO MET MIN 6858849 32.21 3,418,401 110,099,261.06
4.13 CS CN CAPSTONE COPPER CORP BMY5XY9 7.20 14,504,361 104,400,481.41
3.87 HBM CN HUDBAY MINERALS INC B05BDX1 8.96 10,922,166 97,911,595.05
3.30 SFR AU SANDFIRE RESOURCES LTD 6739739 6.00 13,915,136 83,547,699.54
3.09 NDA GR AURUBIS AG 5485527 83.01 941,275 78,132,378.70
2.87 5711 JP MITSUBISHI MATERIALS CORP 6597089 18.87 3,845,552 72,573,139.99
2.67 358 HK JIANGXI COPPER CO LTD-H 6000305 2.00 33,764,701 67,633,620.05
2.42 ERO CN ERO COPPER CORP BF02Z72 21.52 2,848,997 61,312,137.50
2.09 FIL CN FILO CORP BMDHMH2 21.89 2,416,459 52,903,314.53
2.03 2099 HK CHINA GOLD INTER B60FNV8 6.92 7,432,700 51,404,760.53
1.90 1208 HK MMG LTD 6728793 0.39 122,543,060 48,025,635.87
1.10 AMAK AB AL MASANE AL KOB BNNVLT6 17.36 1,605,809 27,871,641.53
1.09 1258 HK CHINA NONFERROUS B890GY2 0.77 35,522,800 27,524,886.81
0.98 NGEX CN NGEX MINERALS LTD BKDKBL4 6.49 3,828,390 24,845,338.61
0.83 TGB TASEKO MINES LTD 2592066 2.39 8,776,293 20,975,340.27
0.79 FOM CN FORAN MINING CORPORATION 2355731 2.96 6,758,346 20,030,576.17
0.77 MTAL METALS ACQUISITION LTD-A BQBC846 14.10 1,382,486 19,493,052.60
0.72 ALS CN ALTIUS MINERALS 2122355 15.38 1,190,494 18,311,281.22
0.63 WA1 AU WA1 RESOURCES LTD BN10LP1 10.99 1,440,363 15,824,120.85
0.62 2362 HK JINCHUAN GROUP 6373988 0.10 152,741,800 15,649,874.81
0.61 ATYM LN ATALAYA MINING PLC BYZTVM8 5.18 2,967,197 15,367,110.77
0.56 CAML LN CENTRAL ASIA METALS PLC B67KBV2 2.56 5,506,474 14,073,644.95
0.35 1515 JP NITTETSU MINING CO LTD 6641027 31.37 278,547 8,737,799.58
0.27 3939 HK WANGUO INTERNATI B7SHKP6 0.95 7,203,290 6,845,383.46
0.24 SLS CN SOLARIS RESOURCES INC BMQ5701 2.72 2,216,728 6,019,803.74
0.24 SOLG LN SOLGOLD PLC B0WD0R3 0.14 43,935,765 6,007,142.85
0.23 OTHER PAYABLE & RECEIVABLES 1.00 5,891,608 5,891,607.51
0.20 DVP AU DEVELOP GLOBAL LTD BNVQGB0 1.38 3,696,885 5,095,483.32
0.13 29M AU 29METALS LTD BNNVRL0 0.28 11,616,978 3,241,431.48
0.03 CASH 1.00 745,682 745,682.34
0.02 SAUDI RIYAL 0.27 1,905,060 507,921.18
0.00 BRITISH STERLING POUND 1.29 17,964 23,258.79
0.00 MEXICAN PESO 0.06 134,309 7,589.14
0.00 AUSTRALIAN DOLLAR 1.00 0 0.01
0.00 TURKISH LIRA 0.03 0 -0.01
-0.01 JAPANESE YEN 0.01 -19,170,250 -120,875.50
-0.04 CANADIAN DOLLAR 0.73 -1,447,906 -1,056,981.52
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 06/30/24

Sector Weight (%)
Materials 99.2
Financials 0.8

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Metals & Mining 100.0

Source: new windowAltaVista Research, LLC

Country Weight (%)
Canada 37.4
United States 9.9
Australia 9.1
China 8.8
Japan 7.5
Britain 5.3
Poland 5.2
Sweden 4.8
Switzerland 4.6
Germany 3.0
Hong Kong 2.6
Other 1.8

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 07/16/24

Return on Equity 9.70%
Weighted Avg. Market Cap 26,037 M
2023 2024
Price-to-earnings 19.71 15.10
Price-to-book value 1.52 1.41

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 06/30/24

Versus Beta
S&P 500 1.01
NASDAQ-100 0.64
MSCI EAFE 1.41
MSCI Emg. Mkts 1.33
Standard Deviation 32.20%

Source: new windowAltaVista 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.