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 11/22/24

Inception Date 04/19/10
Total Expense Ratio 0.65%
Net Assets $2.60 billion
NAV $42.44
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 11/21/24

Ticker COPX
Bloomberg Index Ticker SOLGLOCO
CUSIP 37954Y830
ISIN US37954Y8306
Primary Exchange NYSE Arca
Shares Outstanding 61,299,374
Number of Holdings 40
30-Day Median Bid-Ask Spread 0.05%

Distributions As of 11/22/24

30-Day SEC Yield 1.24%
Distribution Frequency Semi-Annually

ETF Prices As of 11/22/24

NAV $42.44 Daily Change -$0.31 -0.73%
Market Price $42.59 Daily Change -$0.20 -0.47%

Performance History

As of recent
(09/30/24)
As of recent
(09/30/24)
Fund NAV Market Price Index
1 Year 32.73% 31.63% 33.56%
3 Years 14.46% 14.08% 15.06%
5 Years 25.16% 24.80% 25.89%
10 Years 7.84% 7.79% 8.49%
Since Inception 2.82% 2.74% 3.30%
1 Year 35.22% 34.85% 36.16%
3 Years 8.02% 7.94% 8.58%
5 Years 22.43% 22.40% 23.14%
10 Years 7.76% 7.77% 8.43%
Since Inception 2.18% 2.17% 2.66%
Year-to-Date 26.88% 26.50% 27.56%
1 Month 10.60% 9.07% 10.70%
3 Months 5.65% 4.79% 5.83%
Since Inception 49.60% 47.79% 60.01%
Year-to-Date 16.04% 16.92% 16.71%
1 Month -8.54% -7.57% -8.50%
3 Months 0.95% -0.11% 1.12%
Since Inception 36.82% 36.60% 46.40%

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 11/22/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
5.50 FM CN FIRST QUANTUM 2347608 13.79 10,442,264 144,026,075.70
4.98 LUN CN LUNDIN MINING CORP 2866857 10.12 12,885,037 130,339,037.22
4.95 IVN CN IVANHOE MINES LTD-CL A BD73C40 13.66 9,486,340 129,551,976.68
4.85 CS CN CAPSTONE COPPER CORP BMY5XY9 7.18 17,667,049 126,892,851.14
4.71 BOL SS BOLIDEN AB BPYTZ57 28.89 4,269,314 123,332,732.59
4.68 TECK/B CN TECK RESOURCES LTD-CLS B 2879327 46.81 2,616,249 122,460,329.84
4.61 FCX FREEPORT-MCMORAN INC 2352118 43.72 2,757,706 120,566,906.32
4.60 GLEN LN GLENCORE PLC B4T3BW6 4.77 25,231,870 120,348,912.11
4.59 2899 HK ZIJIN MINING-H 6725299 1.94 61,994,735 120,249,009.10
4.57 BHP AU BHP GROUP LTD 6144690 26.08 4,590,488 119,710,388.36
4.53 SCCO SOUTHERN COPPER CORP 2823777 99.74 1,188,074 118,498,499.54
4.52 HBM CN HUDBAY MINERALS INC B05BDX1 9.11 12,983,267 118,329,449.93
4.49 ANTO LN ANTOFAGASTA PLC 0045614 20.85 5,644,099 117,672,292.11
4.27 5713 JP SUMITOMO MET MIN 6858849 24.68 4,529,839 111,794,806.47
4.09 KGH PW KGHM POLSKA MIEDZ SA 5263251 31.33 3,419,529 107,124,501.16
3.82 SFR AU SANDFIRE RESOURCES LTD 6739739 6.67 14,989,726 99,963,951.96
3.04 NDA GR AURUBIS AG 5485527 79.90 995,851 79,565,655.42
2.45 5711 JP MITSUBISHI MATERIALS CORP 6597089 15.81 4,059,592 64,193,993.76
2.40 FIL CN FILO CORP BMDHMH2 23.39 2,680,687 62,709,493.08
2.20 358 HK JIANGXI COPPER CO LTD-H 6000305 1.62 35,594,101 57,610,059.62
1.86 ERO CN ERO COPPER CORP BF02Z72 15.59 3,118,668 48,614,497.78
1.72 1208 HK MMG LTD 6728793 0.35 129,474,160 44,905,198.17
1.61 2099 HK CHINA GOLD INTER B60FNV8 5.38 7,837,400 42,132,499.66
1.34 NGEX CN NGEX MINERALS LTD BKDKBL4 9.37 3,751,039 35,152,992.74
1.22 AMAK AB AL MASANE AL KOB BNNVLT6 18.78 1,700,220 31,926,675.37
1.15 FOM CN FORAN MINING CORPORATION 2355731 3.09 9,725,313 30,055,694.22
1.05 1258 HK CHINA NONFERROUS B890GY2 0.65 42,391,000 27,607,772.79
0.89 ALS CN ALTIUS MINERALS 2122355 19.06 1,226,317 23,370,951.73
0.78 MTAL METALS ACQUISITION LTD-A BQBC846 12.78 1,603,658 20,494,749.24
0.75 TGB TASEKO MINES LTD 2592066 2.08 9,419,401 19,592,354.08
0.63 WA1 AU WA1 RESOURCES LTD BN10LP1 10.27 1,613,386 16,563,397.83
0.53 ATYM LN ATALAYA MINING PLC BYZTVM8 4.37 3,149,095 13,765,975.11
0.45 CAML LN CENTRAL ASIA METALS PLC B67KBV2 2.00 5,848,415 11,720,710.95
0.42 3939 HK WANGUO GOLD GROUP LTD B7SHKP6 1.44 7,685,690 11,037,594.07
0.40 2362 HK JINCHUAN GROUP 6373988 0.07 159,137,700 10,425,406.66
0.36 SLS CN SOLARIS RESOURCES INC BMQ5701 3.25 2,906,413 9,439,578.65
0.31 1515 JP NITTETSU MINING CO LTD 6641027 27.57 296,769 8,180,521.16
0.30 DVP AU DEVELOP GLOBAL LTD BNVQGB0 1.31 5,950,841 7,767,006.76
0.17 SOLG LN SOLGOLD PLC B0WD0R3 0.10 46,524,789 4,498,808.46
0.14 CASH 1.00 3,613,518 3,613,518.15
0.11 29M AU 29METALS LTD BNNVRL0 0.25 11,117,180 2,743,200.26
0.00 OTHER PAYABLE & RECEIVABLES 1.00 65,228 65,228.17
0.00 BRITISH STERLING POUND 1.25 17,964 22,500.76
0.00 MEXICAN PESO 0.05 134,309 6,546.06
0.00 AUSTRALIAN DOLLAR 1.00 0 0.01
0.00 HONG KONG DOLLAR 0.13 -1,698 -218.11
0.00 CANADIAN DOLLAR 0.72 -6,056 -4,332.43
0.00 JAPANESE YEN 0.01 -18,239,782 -117,748.18
-0.01 SAUDI RIYAL 0.27 -1,147,645 -305,679.99
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 10/31/24

Sector Weight (%)
Materials 96.4
Industrials 2.9
Financials 0.7

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Materials 97.2
Capital Goods 2.9

Source: new windowAltaVista Research, LLC

Country Weight (%)
Canada 37.5
United States 10.2
Australia 9.6
China 8.8
Japan 7.4
Britain 5.4
Sweden 4.9
Switzerland 4.9
Poland 4.7
Germany 2.9
Hong Kong 2.2
Other 1.5

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 11/21/24

Return on Equity 9.50%
Weighted Avg. Market Cap 25,364 M
2023 2024
Price-to-earnings 17.81 13.84
Price-to-book value 1.37 1.27

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 10/31/24

Versus Beta
S&P 500 1.00
NASDAQ-100 0.64
MSCI EAFE 1.36
MSCI Emg. Mkts 1.41
Standard Deviation 32.30%

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.