COPX — Global X Copper Miners ETF

COPX Price Performance — Growth of $10,000

Value of a $10,000 investment in COPX over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

COPX Drawdown

The "underwater" chart: COPX's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Global X Copper Miners ETF, issued by Global X Funds, tracks the materials sector with $7.25 billion in assets under management. It holds a C grade, reflecting a score of 58.9 out of 100, and ranks 3 of 15 within its category. The fund’s 0.65% expense ratio exceeds the category median of 0.52%, while its 2.64% dividend yield significantly outpaces the median of 1.43%. Top ten holdings comprise 50.3% of assets, with BHP GROUP LIMITED representing the largest single position at 5.5%.

The fund’s price sits at 37.5% of its 52-week range, indicating it is closer to its low of $56.93 than its high of $99.99. Short-term returns show weakness, with the one-month return at -15.26% and the one-week return at -8.61%. In contrast, the long-term record is stronger, with a one-year return of +27.13% and a three-year return of +132.68%, both surpassing the category median one-year return of +10.74%. The ETFValuer grade was downgraded from B to C on 2026-10-06, and price history is available for only 3.0 years.

With a beta of 1.52, the fund moves 52% more than the market, contributing to its very high annualized volatility of 47.20%. This elevated risk profile is accompanied by a max drawdown of -39.72%, highlighting significant historical declines. The Sharpe ratio of 0.47 suggests modest risk-adjusted returns relative to the volatility experienced. Liquidity remains robust, with an average daily volume of 2,759,396 shares supporting trading activity.

AI-generated summary based on the data on this page.

COPX Top Holdings

Holdings as of 2026-07-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 50.3% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how COPX's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With COPX

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with COPX's top 10 — EFA overlaps most, holding 1 of the same companies as COPX's top 10 (5.5% of COPX's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.96% (as of 2026-10-22) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 19.03 (as of 2026-10-22) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

COPX Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 2.8M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $7.25B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: COPX is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

COPX Performance History

How COPX Compares to Other Materials ETFs