What Is the COPX ETF? Returns, Expense Ratio, Holdings and Alternative ETFs at a Glance
The Global X Copper Miners ETF (COPX) is a thematic ETF that diversifies across copper mining companies worldwide. Key selection criteria are structural copper demand from electrification and grid expansion, exposure to the commodity cycle, and differences in fees and dividends versus core ETFs.
SubscribeWhat Is the Global X Copper Miners ETF?
It is a thematic ETF that tracks an index of copper mining, exploration, and smelting companies worldwide. Rather than holding copper the commodity itself, it holds shares of related mining companies on a market-cap-weighted basis, so its performance is tied to the copper industry as a whole.
It suits investors who want exposure to structural copper demand themes, such as electrification and power infrastructure, as well as the commodity cycle.
It is a passive (index-tracking) ETF managed by Global X.
How Does the Global X Copper Miners ETF Invest?
| Item | Details |
|---|---|
| Tracked Index | Global copper mining company index |
| Management Style | Passive (index-tracking) |
| Rebalancing Frequency | Semiannual |
| Dividend Frequency | Semiannual |
| Total Expense Ratio | 0.65% |
The fund holds global companies engaged in copper mining, exploration, and smelting, weighted by market capitalization according to the index rules. Because a large share of the companies are listed overseas, exposure is also obtained through depositary receipts (ADRs and GDRs), and rebalancing is reflected semiannually under the index rules.
- Thematic exposure concentrated in global copper mining companies
- Structure based on mining company stocks rather than commodity futures
Global X Copper Miners ETF Size and Costs (AUM and Expense Ratio)
Assets under management (AUM) stand at $6.6B, and the total expense ratio is 0.65% per year.
Compared with broad commodity ETFs, it is characterized by thematic exposure concentrated in the copper industry, and investors should also consider the volatility that comes with single-sector concentration.
Global X Copper Miners ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeThe fund has shown large swings depending on copper prices and mining company earnings, and its trend is influenced by expectations of electrification and power grid demand as well as mine supply constraints. Given the nature of the commodity cycle, the amplitude of rallies and corrections tends to be wide.
It is a thematic ETF whose fund flows react sensitively to commodity demand outlooks and copper price expectations. Interest tends to grow when electrification and infrastructure investment themes come into focus, while volatility can increase when concerns about an economic slowdown arise.
Global X Copper Miners ETF Pros and Cons
Its strength is exposure to global mining companies concentrated in the copper theme, while its drawbacks are single-sector concentration and commodity cycle volatility.
💪 Key Strengths
⚠️ Points to Watch
Global X Copper Miners ETF Alternatives and Related Products
Products that compare directly with copper and mining themes include other mineral-themed ETFs, such as the gold miner ETFs GDX and GDXJ, which are representative of the mining sector, the silver miners SIL and SILJ, and the uranium company ETF URA. For broader exposure to the commodity mining sector, the broad mining ETF XME could also be an alternative.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 GDX | VanEck Gold Miners ETF | $81.33 | -3.1% | $25.8B | 0.51% | 0.78% | +14.4% |
 GDXJ | VanEck Junior Gold Miners ETF | $100.94 | -3.3% | $7.7B | 0.52% | 2.62% | +8.8% |
 URA | Global X Uranium ETF | $35.72 | -2.3% | $5.1B | 0.69% | 5.83% | -36.8% |
 SIL | Global X Silver Miners ETF | $75.46 | -2.7% | $3.9B | 0.65% | 1.35% | +13.5% |
 SILJ | Amplify Junior Silver Miners ETF | $23.87 | -2.7% | $3.2B | 0.69% | 2.32% | +6.0% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| BHP | BHP Group Limited ADR | 0.10% | $81.82 | -0.5% | $207.9B | 21.1 | 3.6% |
| TECK | Teck Resources Ltd | 0.10% | $63.72 | +1.1% | $31.3B | 11.4 | 0.58% |
 HBM | Hudbay Minerals Inc | 0.10% | $23.36 | -1.0% | $10.4B | 13.7 | 0.08% |
| SCCO | Southern Copper Corp | 0.05% | $191.75 | -1.1% | $161.9B | 25.5 | 2.28% |
 FMN | Federated Hermes Premier Municipal Income Fund | 0.05% | $10.47 | +0.6% | $81.9M | - | 5.16% |
| FCX | Freeport-McMoRan Inc | 0.05% | $66.14 | -0.7% | $95.0B | 27.8 | 0.9% |
Global X Copper Miners ETF Investor Checkpoints
Here are the points to review before investing in COPX. Because it is a thematic ETF, it is important to check in advance its single-sector concentration in copper, commodity price volatility, costs, and overseas and currency exposure.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense Ratio | Check the impact of cumulative costs over a long holding period | Somewhat higher than core ETFs |
| 📊 Sector Concentration | Check concentration in the single copper industry | High concentration |
| 🌍 Overseas Exposure | Check global mining companies and currency impact | Large overseas weighting |
| 💱 Exchange Rate | Check the impact on returns converted into Korean won | No currency hedge applied |
The copper price cycle and single-sector concentration are the main drivers of volatility. During an economic slowdown or a period of weaker commodity demand, short-term losses can be significant.
It is a suitable tool for investors who want exposure to the copper demand theme and the commodity cycle. However, given its single-sector concentration and high volatility, it is generally recommended to use it as a satellite holding within a portfolio.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 21, 2026.
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