Global X Copper Miners ETF
COPX CommodityUpdated: Jul 5, 2026, 21:17 UTC
Key Metrics
Top 10 Holdings
| Holding | Ticker | Weight | Bar |
|---|---|---|---|
| Hudbay Minerals Inc | HBM.TO | 5.48% | |
| Teck Resources Ltd Class B (Sub Voting) | TECK-B.TO | 5.35% | |
| BHP Group Ltd | BHP.AX | 5.21% | |
| Antofagasta PLC | ANTO.L | 5.05% | |
| First Quantum Minerals Ltd | FM.TO | 5.04% | |
| KGHM Polska Miedz SA | KGH.WA | 5.02% | |
| Boliden AB | BOL.ST | 4.89% | |
| Southern Copper Corp | SCCO | 4.78% | |
| Glencore PLC | GLEN.L | 4.72% | |
| Lundin Mining Corp | LUN.TO | 4.66% |
Sector Allocation
About This ETF
The Global X Copper Miners ETF (COPX) is a Commodity ETF with an expense ratio (TER) of 0.65% and $8B in assets under management., with its largest holdings being Hudbay Minerals Inc, Teck Resources Ltd Class B (Sub Voting), BHP Group Ltd. The ETF currently yields 2.18% in dividends. Year-to-date, COPX has returned +5.27%.
The fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is designed to measure broad-based equity market performance of global companies involved in the copper mining industry. The fund is non-diversified.
FAQ — COPX
What is the TER of COPX (Global X Copper Miners ETF)?
COPX has a Total Expense Ratio (TER) of 0.65 % per year. That sits above the commodity category median (0.59 % across 9 peer ETFs). The TER is deducted directly from the fund and lowers your effective return.
What return has COPX delivered?
Performance for COPX: YTD: +5.27 % · 3-year p.a.: +28.64 % · 5-year p.a.: +18.29 %. Over 5 years, COPX outperforms the commodity category median of +15.34 % by +2.95 pp. Past performance is no guarantee of future returns.
What are the top holdings of COPX?
The five largest positions in COPX are: HBM.TO, TECK-B.TO, BHP.AX, ANTO.L, FM.TO. The full holdings list is updated daily on this page.
Does COPX pay dividends?
COPX has a current dividend yield of 2.18 %. Distributing ETFs pay this out in cash; accumulating versions reinvest it inside the fund. Check the share class on your broker before buying.
Where can I buy or set up a savings plan for COPX?
COPX is available at most major brokers. For a free monthly savings plan from €1, look at Trade Republic, Scalable Capital or Flatex. The broker comparison on this site shows fees, free-savings-plan ETFs and execution exchanges side by side.
What the Global X Copper Miners ETF is
The Global X Copper Miners ETF (COPX) holds the world’s leading copper-mining companies, including Lundin Mining, Glencore, Freeport-McMoRan and Southern Copper. With roughly 96.31 % in the basic materials sector, it offers leveraged equity exposure to the copper price – the metal that underpins electrification, power grids and electric mobility. With $7.4B in assets and a 0.65 % expense ratio, it provides thematic access to a structural commodity trend.
Performance in context
COPX has delivered strong recent numbers: up 21.05 % year-to-date, +37.35 % over three years and +18.55 % over five years. The price trades at $88.44, close to its 52-week high of $99.99 and well above the $40.55 low – the 52-week position sits at 80.6 %.
The key drivers are the copper price, global industrial demand, tight mine supply and heavy investment in grids and renewable energy. Because these are mining equities rather than the physical metal, swings tend to be larger: operating leverage, production costs and project risks amplify both upside and downside moves.
Risk profile
COPX is a concentrated, cyclical sector product and accordingly prone to volatility. The annual range from $40.55 to $99.99 illustrates how sharply it can move. Key risks include:
- Commodity price risk: a falling copper price hits mining equities disproportionately.
- Concentration risk: the fund is non-diversified and focused on a single sector.
- Country and operating risk: mines in Chile, Peru, Poland or Zambia carry political and operational uncertainty.
- Currency risk: the fund is priced in US dollars. For euro-area investors, EUR/USD moves can add to or subtract from returns.
Who COPX suits
COPX fits conviction-driven, risk-tolerant investors with a long horizon who want targeted exposure to the energy transition and structural copper demand. As a satellite holding, it can add a commodity and inflation theme to a portfolio and – unlike physical precious-metal funds – pays an ongoing distribution of around 2.43 % dividend yield.
It is less suitable for safety-oriented investors, for short-term wealth building or as a core holding. Anyone seeking stable income, low volatility or broad diversification should hold it, if at all, only in small size. This information is not investment advice.
How it compares
COPX is the best-known ETF in the copper-mining niche, but it can be placed against related resource-equity funds:
- VanEck Gold Miners ETF (GDX): similar structure but gold miners instead of copper – a more defensive precious-metals tilt.
- Global X Silver Miners ETF (SIL): silver miners, often seen as a cheaper and more volatile alternative.
- SPDR S&P Metals & Mining ETF (XME): broader exposure across multiple metals and US mining segments.
At a 0.65 % expense ratio, COPX sits in the typical range for thematic commodity ETFs. For pure copper exposure it offers the cleanest profile; for broader diversification, XME is the alternative.
Where can I buy COPX?
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