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 02/27/24

Inception Date 04/19/10
Total Expense Ratio 0.65%
Net Assets $1.39 billion
NAV $36.27
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 02/27/24

Ticker COPX
Bloomberg Index Ticker SOLGLOCO
CUSIP 37954Y830
ISIN US37954Y8306
Primary Exchange NYSE Arca
Shares Outstanding 38,439,374
Number of Holdings 38
30-Day Median Bid-Ask Spread 0.14%

Distributions As of 02/27/24

30-Day SEC Yield 1.82%
Distribution Frequency Semi-Annually

ETF Prices As of 02/27/24

NAV $36.27 Daily Change $0.37 1.03%
Market Price $36.24 Daily Change $0.34 0.95%

Performance History

As of recent
(12/31/23)
As of recent
(12/31/23)
Fund NAV Market Price Index
1 Year 9.30% 8.40% 9.80%
3 Years 10.41% 9.92% 10.93%
5 Years 17.81% 17.70% 18.44%
10 Years 4.99% 4.84% 5.57%
Since Inception 1.21% 1.14% 1.67%
1 Year -9.21% -10.24% -8.77%
3 Years 9.32% 9.42% 9.86%
5 Years 14.47% 14.34% 15.08%
10 Years 5.04% 5.01% 5.66%
Since Inception 0.92% 0.87% 1.37%
Year-to-Date 9.30% 8.40% 9.80%
1 Month 10.76% 10.20% 10.83%
3 Months 4.61% 4.06% 4.71%
Since Inception 17.91% 16.83% 25.44%
Year-to-Date -3.83% -3.49% -3.78%
1 Month -3.83% -3.49% -3.78%
3 Months 12.07% 11.31% 12.26%
Since Inception 13.39% 12.75% 20.70%

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 02/27/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
6.12 ANTO LN ANTOFAGASTA PLC 0045614 22.81 3,738,792 85,286,168.87
5.91 IVN CN IVANHOE MINES LTD-CL A BD73C40 10.62 7,755,123 82,372,548.01
5.37 LUN CN LUNDIN MINING CORP 2866857 8.06 9,294,027 74,863,681.37
5.04 2899 HK ZIJIN MINING-H 6725299 1.67 41,982,260 70,285,645.68
4.99 SCCO SOUTHERN COPPER CORP 2823777 80.80 860,132 69,498,665.60
4.78 KGH PW KGHM POLSKA MIEDZ SA 5263251 28.03 2,375,836 66,606,351.76
4.77 FCX FREEPORT-MCMORAN INC 2352118 38.16 1,740,717 66,425,760.72
4.53 BHP AU BHP GROUP LTD 6144690 28.83 2,189,399 63,122,250.93
4.28 5713 JP SUMITOMO MET MIN 6858849 26.73 2,230,501 59,623,363.94
4.26 TECK/B CN TECK RESOURCES LTD-CLS B 2879327 38.36 1,549,379 59,433,259.32
4.18 BOL SS BOLIDEN AB BPYTZ57 25.49 2,287,396 58,302,928.05
3.91 SFR AU SANDFIRE RESOURCES LTD 6739739 4.92 11,078,891 54,468,633.29
3.81 GLEN LN GLENCORE PLC B4T3BW6 4.72 11,261,618 53,142,130.27
3.77 5711 JP MITSUBISHI MATERIALS CORP 6597089 17.37 3,024,048 52,540,132.61
3.72 CS CN CAPSTONE COPPER CORP BMY5XY9 5.28 9,827,446 51,901,301.41
3.52 HBM CN HUDBAY MINERALS INC B05BDX1 5.84 8,418,831 49,132,421.01
3.45 NDA GR AURUBIS AG 5485527 65.11 739,049 48,119,198.75
2.99 358 HK JIANGXI COPPER CO LTD-H 6000305 1.56 26,769,701 41,738,119.71
2.47 ERO CN ERO COPPER CORP BF02Z72 17.01 2,027,027 34,469,729.45
2.44 FIL CN FILO CORP BMDHMH2 15.90 2,137,975 34,000,120.20
2.01 2099 HK CHINA GOLD INTER B60FNV8 4.74 5,895,100 27,950,823.99
1.78 FM CN FIRST QUANTUM 2347608 9.18 2,702,602 24,808,085.23
1.47 1258 HK CHINA NONFERROUS B890GY2 0.72 28,317,800 20,483,561.52
1.40 1208 HK MMG LTD 6728793 0.28 69,819,300 19,541,105.72
1.36 AMAK AB AL MASANE AL KOB BNNVLT6 15.47 1,227,952 18,990,298.63
1.21 NGEX CN NGEX MINERALS LTD BKDKBL4 6.02 2,793,983 16,822,383.68
1.00 FOM CN FORAN MINING CORPORATION 2355731 2.80 4,978,917 13,920,859.69
0.87 ALS CN ALTIUS MINERALS 2122355 12.70 951,896 12,089,244.66
0.79 2362 HK JINCHUAN GROUP 6373988 0.09 121,592,700 11,033,044.76
0.76 TGB TASEKO MINES LTD 2592066 1.53 6,917,144 10,583,230.32
0.72 ATYM LN ATALAYA MINING PLC BYZTVM8 4.13 2,416,876 9,993,297.77
0.63 CAML LN CENTRAL ASIA METALS PLC B67KBV2 2.01 4,378,680 8,797,013.20
0.57 1515 JP NITTETSU MINING CO LTD 6641027 34.17 231,075 7,895,798.57
0.36 SLS CN SOLARIS RESOURCES INC BMQ5701 2.81 1,793,585 5,041,327.71
0.31 DVP AU DEVELOP GLOBAL LTD BNVQGB0 1.37 3,148,731 4,308,162.71
0.24 SOLG LN SOLGOLD PLC B0WD0R3 0.09 38,194,500 3,269,952.63
0.14 29M AU 29METALS LTD BNNVRL0 0.22 9,317,173 2,012,835.81
0.06 OTHER PAYABLE & RECEIVABLES 1.00 767,550 767,550.34
0.03 CASH 1.00 430,677 430,677.17
0.00 SAUDI RIYAL 0.27 112,385 29,966.13
0.00 BRITISH STERLING POUND 1.27 17,964 22,784.43
0.00 MEXICAN PESO 0.06 134,309 7,876.89
0.00 SARKY TI SARKUYSAN B03MXB4 1.08 1 0.81
0.00 AUSTRALIAN DOLLAR 1.00 0 0.01
0.00 JAPANESE YEN 0.01 -2 -0.01
0.00 CANADIAN DOLLAR 0.74 -5,812 -4,299.10
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 01/31/24

Sector Weight (%)
Materials 100.0

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Other Metals/Minerals 77.1
Precious Metals 13.4
Financial Conglomerates 4.8
Metal Fabrication 4.1
Wholesale Distributors 0.6

Source: new windowAltaVista Research, LLC

Country Weight (%)
Canada 35.1
United States 10.2
Australia 9.2
Japan 9.0
China 8.7
Britain 6.9
Poland 4.8
Switzerland 4.3
Sweden 4.3
Germany 3.7
Hong Kong 1.9
Other 1.9

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 02/27/24

Return on Equity 9.30%
Weighted Avg. Market Cap 23,792 M
2023 2024
Price-to-earnings 17.96 12.73
Price-to-book value 1.23 1.15

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 01/31/24

Versus Beta
S&P 500 1.16
NASDAQ-100 0.68
MSCI EAFE 1.56
MSCI Emg. Mkts 1.43
Standard Deviation 35.60%

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.