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 (COPX) is a materials sector fund issued by Global X Funds with $8.44 billion in assets. It holds an overall rank of #133 among 458 tracked ETFs and sits at the top of its category, ranking 1 of 15. The fund carries a B grade with a score of 68.0/100 and an expense ratio of 0.65%, which exceeds the category median of 0.52%. Its dividend yield of 2.07% is notably higher than the category median of 1.34%. The fund’s portfolio is concentrated, with the top 10 holdings accounting for 53.3% of assets, led by Lundin Mining Corporation at 6.1%.

COPX has delivered substantial long-term gains, with a 3-year return of +158.59% and a 1-year return of +85.68%. This recent performance significantly outpaces the category median 1-year return of +45.95%. Short-term momentum has cooled, with the fund posting a 1-week decline of -3.98% and a 1-day drop of -0.65%. Despite this recent pullback, the price of $90.66 remains high, trading at 81.0% of its 52-week range. The ETFValuer grade of B has remained unchanged over the last 35 tracked days, and price history is available for 3.0 years.

The fund exhibits Very High volatility at 46.71% annualized and a beta of 1.44, indicating it moves more than 144% of the market's movement. This elevated risk profile is reflected in a maximum drawdown of -39.72%. However, the Sharpe ratio of 1.73 suggests that the returns generated have compensated well for the risk taken. Liquidity is supported by an average daily volume of 3,093,903 shares, though the bid/ask spread of 1.49% indicates some cost to trading.

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 — EPOL overlaps most, holding 1 of the same companies as COPX's top 10 (5.8% 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: 4.77% (as of 2026-09-03) — 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): 14.32 (as of 2026-09-03) — 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 2026-08-01) — 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 1.49% and average daily volume is 3.1M/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 $8.44B 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