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, identified by the ticker COPX, is a Materials sector fund issued by Global X Funds. With assets under management totaling $7.15 billion and a current share price of $77.72, the fund demonstrates significant investor adoption within its specific niche. It holds an overall rank of #157 out of 458 tracked ETFs across all categories, earning an ETFValuer grade of B with a score of 66.5 out of 100. The fund charges an expense ratio of 0.65% while offering a dividend yield of 2.51%. This combination of substantial assets and a mid-tier ranking suggests a well-established vehicle that balances cost and income generation for its holders.

Recent performance data reveals a sharp divergence between short-term fluctuations and long-term gains, with the fund posting a 1-day return of -0.83% and a 1-week gain of +5.96%. Over the past month, the ETF advanced +3.02%, though this momentum reversed over the subsequent three and six months with declines of -5.43% and -5.16% respectively. Despite these intermediate setbacks, the year-to-date return stands at +6.74%, driven largely by a massive 1-year return of +71.64%. This upward trajectory extends further into the past, with a 3-year return of +97.52% indicating sustained long-term growth despite recent volatility. The fund's closest category peers, GDX and RING, recorded 1-year returns of +40.74% and +43.24% respectively, highlighting COPX's superior recent performance relative to these specific benchmarks.

The fund carries a Very High volatility label and a beta of 1.49, indicating that its price movements are significantly more sensitive to market shifts than the broader index. This heightened sensitivity is reflected in a maximum drawdown of -39.72%, which represents the largest peak-to-trough decline experienced by the fund. Despite these substantial risks, the ETF has achieved a Sharpe ratio of 1.46, suggesting that the returns generated have historically compensated investors well for the level of risk taken. The combination of a high beta and a deep drawdown implies the fund experiences severe declines during market downturns but also participates aggressively in upward trends. Investors in this vehicle should anticipate a return profile characterized by extreme swings rather than steady, low-volatility growth.

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

COPX Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 53.3% 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 — XLB overlaps most, holding 1 of the same companies as COPX's top 10 (5.0% 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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

COPX Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.26% and average daily volume is 3.7M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $7.15B 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