Thought LeadershipCopperCommodities
Why Copper? Why COPX?
We believe evolving demand drivers and challenged supply make copper miners an interesting investment opportunity.
T
Trevor Yates
Oct 20, 20251 min read
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SEI Investments Distribution Co. (1 Freedom Valley Drive, Oaks, PA, 19456) is the distributor for the Global X Funds.
Check the background of SIDCO and Global X's Registered Representatives on FINRA's BrokerCheck.
Copper Miners ETF
URA provides investors access to a broad range of companies involved in uranium mining and the production of nuclear components, including those in extraction, refining, exploration, or manufacturing of equipment for the uranium and nuclear industries.
EART seeks to invest in companies producing rare earth components, metals, and other critical materials essential to the expansion of technologies such as electric vehicles, energy storage, robotics, and radar systems.
LIT invests across the full lithium cycle, from mining and refining the metal through battery production, providing exposure to companies positioned to benefit from the growing adoption of lithium-ion batteries in electric vehicles and energy storage systems.
COPX can complement commodity allocations by providing targeted exposure to copper miners—a segment that offers operating leverage to copper prices.
As structural demand drivers such as electrification, urbanization, and the buildout of AI infrastructure converge with a constrained supply outlook, COPX positions investors to participate in copper's evolving role at the center of the energy transition.
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.
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.
As of Nov 4, 2026
Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
|---|---|---|---|---|---|---|
| 5.15% | TECK/B CN | TECK RESOURCES LTD-CLS B | 2879327 | $64.45 | 4,947,092 | $318,851,592 |
| 5.02% | BOL SS | BOLIDEN AB | BPYTZ57 | $52.41 | 5,933,922 | $311,002,584 |
| 4.98% | ANTO LN |
Holdings are subject to change. "Cash" denotes U.S. dollars.
Overall rating out of 18 Equity Non-Precious Metals funds, based on risk-adjusted returns as of Oct 31, 2026.
Nov 4, 2026
30-Day SEC Yield
0.69%
Distribution Frequency
Semi-Annually
Record Date | Payable Date | Amount | |
|---|---|---|---|
| Dec 30, 2026 | Dec 30, 2026 | Jan 7, 2027 | - |
| Jun 29, 2026 | Jun 29, 2026 | Jul 7, 2026 | $0.26 |
Metric | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception |
|---|---|---|---|---|---|
Fund NAV | +20.93% | +32.85% | +16.93% | +17.50% | +5.36% |
Market Price | +19.61% | +32.47% | +16.74% | +17.41% | +5.31% |
Index | +21.64% | +33.71% | +17.58% | +18.21% | +5.87% |
As of Nov 4, 2026
As of Nov 4, 2026
As of Nov 4, 2026
What is Premium/Discount Chart?
How can the Fund trade at a premium/discount to its NAV?
What causes these time discrepancies?
As of Nov 4, 2026
As of Oct 31, 2026
| Sector | Weight (%) |
|---|---|
Materials | 97.84% |
Industrials | 2.16% |
| Sector | Weight (%) |
|---|---|
Materials | 97.84% |
Industrials | 2.16% |
| Industry | Weight (%) |
|---|---|
Materials | 97.84% |
Capital Goods |
Source: AltaVista Research, LLC
All Sector, Industry, Commodity and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.
As of Oct 31, 2026
The Global X Copper Miners ETF (COPX) provides investors access to a broad range of copper mining companies.
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.
The Index is designed to track the performance of companies involved in copper mining and closely related activities, including exploration and refining. Only companies that generate a significant part of their revenues from copper mining (and/or closely related activities) or are expected to do so in the future are eligible, with the Index holding between 20 and 40 such companies, serving as a proxy for copper miners globally.
Highlights
As of Nov 4, 2026
As of Nov 4, 2026
| ANTOFAGASTA PLC |
| 0045614 |
| $43.76 |
| 7,046,924 |
| $308,340,305 |
| 4.97% | LUN CN | LUNDIN MINING CORP | 2866857 | $22.70 | 13,572,374 | $308,027,579 |
| 4.90% | AAL LN | ANGLO AMERICAN PLC | BTK05J6 | $51.22 | 5,920,273 | $303,227,465 |
| 4.86% | HBM CN | HUDBAY MINERALS INC | B05BDX1 | $22.24 | 13,547,991 | $301,260,640 |
| 4.81% | BHP AU | BHP GROUP LTD | 6144690 | $38.96 | 7,650,783 | $298,086,635 |
| 4.75% | 2899 HK | ZIJIN MINING GROUP CO LTD-H | 6725299 | $3.74 | 78,558,235 | $294,180,972 |
| 4.73% | FM CN | FIRST QUANTUM MINERALS LTD | 2347608 | $23.81 | 12,303,658 | $292,988,323 |
| 4.67% | 5713 JP | SUMITOMO METAL MINING CO LTD | 6858849 | $50.27 | 5,752,787 | $289,200,634 |
The Premium/Discount chart demonstrates the difference between the daily market price of shares of the Fund and the Fund's net asset value (NAV). The vertical axis of the chart shows the premium or discount of the daily market price as a percentage of the NAV. The horizontal axis shows each trading day in the time period, and each data point in the chart represents the Premium/Discount on that day. The data presented in the chart and table above represent past performance and cannot be used to predict future results.
The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.
Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.
Time of Last Trade. Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price.
International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.
| 2.16% |
| Country | Weight (%) |
|---|---|
Canada | 35.60% |
Britain | 9.70% |
Australia | 9.64% |
United States | 9.39% |
China | 8.48% |
Japan | 7.28% |
Sweden | 4.97% |
Switzerland | 4.71% |
Poland | 4.45% |
Hong Kong | 2.31% |
Germany | 2.15% |
Other | 1.34% |
As of Nov 4, 2026
Source: AltaVista Research, LLC