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 06/13/24

Inception Date 04/19/10
Total Expense Ratio 0.65%
Net Assets $2.57 billion
NAV $44.67
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 06/13/24

Ticker COPX
Bloomberg Index Ticker SOLGLOCO
CUSIP 37954Y830
ISIN US37954Y8306
Primary Exchange NYSE Arca
Shares Outstanding 57,479,374
Number of Holdings 41
30-Day Median Bid-Ask Spread 0.06%

Distributions As of 06/13/24

30-Day SEC Yield 0.99%
Distribution Frequency Semi-Annually

ETF Prices As of 06/13/24

NAV $44.67 Daily Change -$0.76 -1.67%
Market Price $44.41 Daily Change -$0.78 -1.73%

Performance History

As of recent
(03/31/24)
As of recent
(03/31/24)
Fund NAV Market Price Index
1 Year 11.12% 12.25% 11.97%
3 Years 8.53% 8.66% 9.14%
5 Years 16.25% 16.50% 16.93%
10 Years 6.34% 6.42% 7.01%
Since Inception 1.95% 2.02% 2.43%
1 Year 42.96% 42.64% 43.98%
3 Years 7.99% 7.90% 8.51%
5 Years 23.63% 23.67% 24.35%
10 Years 6.88% 6.86% 7.52%
Since Inception 2.90% 2.92% 3.38%
Year-to-Date 11.04% 13.15% 11.47%
1 Month 16.84% 17.93% 17.17%
3 Months 11.04% 13.15% 11.47%
Since Inception 30.92% 32.19% 39.82%
Year-to-Date 27.04% 28.51% 27.46%
1 Month 4.02% 5.29% 4.08%
3 Months 33.68% 33.94% 33.97%
Since Inception 49.79% 50.14% 59.88%

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 06/13/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
5.10 BOL SS BOLIDEN AB BPYTZ57 33.23 3,942,392 131,016,674.64
5.05 KGH PW KGHM POLSKA MIEDZ SA 5263251 35.42 3,658,558 129,586,299.32
5.04 FM CN FIRST QUANTUM 2347608 11.78 10,977,622 129,364,437.95
4.84 GLEN LN GLENCORE PLC B4T3BW6 5.87 21,151,972 124,257,371.58
4.82 TECK/B CN TECK RESOURCES LTD-CLS B 2879327 47.41 2,608,314 123,651,016.64
4.77 BHP AU BHP GROUP LTD 6144690 28.68 4,266,075 122,371,841.01
4.68 LUN CN LUNDIN MINING CORP 2866857 10.78 11,149,644 120,205,896.20
4.65 FCX FREEPORT-MCMORAN INC 2352118 47.99 2,485,036 119,256,877.64
4.59 ANTO LN ANTOFAGASTA PLC 0045614 26.34 4,469,514 117,714,890.62
4.54 2899 HK ZIJIN MINING-H 6725299 2.10 55,632,135 116,674,908.62
4.50 SCCO SOUTHERN COPPER CORP 2823777 106.07 1,089,054 115,515,957.78
4.40 IVN CN IVANHOE MINES LTD-CL A BD73C40 12.58 8,974,802 112,939,422.50
4.31 5713 JP SUMITOMO MET MIN 6858849 30.31 3,649,811 110,616,543.67
4.00 HBM CN HUDBAY MINERALS INC B05BDX1 8.80 11,663,412 102,596,986.81
4.00 CS CN CAPSTONE COPPER CORP BMY5XY9 6.62 15,488,434 102,576,884.69
3.32 SFR AU SANDFIRE RESOURCES LTD 6739739 5.74 14,859,533 85,347,445.88
3.01 NDA GR AURUBIS AG 5485527 76.96 1,005,173 77,360,144.39
2.96 5711 JP MITSUBISHI MATERIALS CORP 6597089 18.54 4,105,995 76,114,955.90
2.78 358 HK JIANGXI COPPER CO LTD-H 6000305 1.98 36,044,101 71,347,955.42
2.44 ERO CN ERO COPPER CORP BF02Z72 20.61 3,042,566 62,707,096.14
2.01 2099 HK CHINA GOLD INTER B60FNV8 6.50 7,946,500 51,686,538.12
1.76 FIL CN FILO CORP BMDHMH2 17.48 2,580,668 45,120,181.31
1.40 1208 HK MMG LTD 6728793 0.38 93,545,300 35,812,200.33
1.29 1258 HK CHINA NONFERROUS B890GY2 0.87 37,945,000 33,134,221.91
1.12 AMAK AB AL MASANE AL KOB BNNVLT6 16.76 1,713,420 28,724,445.10
1.02 NGEX CN NGEX MINERALS LTD BKDKBL4 6.40 4,088,833 26,158,067.97
0.83 TGB TASEKO MINES LTD 2592066 2.26 9,374,289 21,185,893.14
0.82 MTAL METALS ACQUISITION LTD-A BQBC846 14.26 1,476,885 21,060,380.10
0.81 FOM CN FORAN MINING CORPORATION 2355731 2.88 7,218,964 20,782,303.40
0.79 ALS CN ALTIUS MINERALS 2122355 15.86 1,271,314 20,157,288.60
0.68 2362 HK JINCHUAN GROUP 6373988 0.11 163,135,900 17,336,661.93
0.64 ATYM LN ATALAYA MINING PLC BYZTVM8 5.21 3,169,614 16,509,670.78
0.62 WA1 AU WA1 RESOURCES LTD BN10LP1 10.29 1,539,166 15,841,139.56
0.59 CAML LN CENTRAL ASIA METALS PLC B67KBV2 2.57 5,882,602 15,095,148.76
0.38 1515 JP NITTETSU MINING CO LTD 6641027 33.01 297,631 9,824,620.55
0.31 SLS CN SOLARIS RESOURCES INC BMQ5701 3.34 2,369,153 7,905,501.27
0.27 3939 HK WANGUO INTERNATI B7SHKP6 0.90 7,717,090 6,946,191.22
0.23 OTHER PAYABLE & RECEIVABLES 1.00 5,848,732 5,848,732.33
0.22 DVP AU DEVELOP GLOBAL LTD BNVQGB0 1.41 3,952,190 5,563,433.95
0.21 SOLG LN SOLGOLD PLC B0WD0R3 0.11 46,977,612 5,307,696.49
0.15 29M AU 29METALS LTD BNNVRL0 0.31 12,419,593 3,875,917.13
0.07 2451062D HK MMG LTD - RTS 0.05 37,039,960 1,754,729.10
0.03 CASH 1.00 826,003 826,002.69
0.00 BRITISH STERLING POUND 1.28 17,964 22,933.65
0.00 MEXICAN PESO 0.05 134,309 7,233.35
0.00 AUSTRALIAN DOLLAR 1.00 0 0.01
0.00 TURKISH LIRA 0.03 0 -0.01
0.00 CANADIAN DOLLAR 0.73 -6,056 -4,402.68
0.00 JAPANESE YEN 0.01 -8,581,509 -54,685.42
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 05/31/24

Sector Weight (%)
Materials 99.2
Financials 0.8

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Other Metals/Minerals 78.0
Precious Metals 13.2
Financial Conglomerates 5.2
Metal Fabrication 3.0
Wholesale Distributors 0.7

Source: new windowAltaVista Research, LLC

Country Weight (%)
Canada 37.4
United States 10.2
Australia 9.1
China 8.7
Japan 7.6
Britain 5.3
Poland 5.1
Sweden 5.0
Switzerland 4.7
Germany 3.0
Hong Kong 2.3
Other 1.6

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 06/13/24

Return on Equity 9.50%
Weighted Avg. Market Cap 28,488 M
2023 2024
Price-to-earnings 18.33 14.27
Price-to-book value 1.41 1.32

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 05/31/24

Versus Beta
S&P 500 1.02
NASDAQ-100 0.63
MSCI EAFE 1.41
MSCI Emg. Mkts 1.33
Standard Deviation 32.50%

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.