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COPX - ETF AI Analysis
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Global X Copper Miners ETF (COPX)
Rating:68Neutral
Price Target:―
Positive Factors
Strong Top Holdings
Several key holdings, such as Zijin Mining Group and Hudbay Minerals, have delivered strong year-to-date performance, supporting the ETF's overall gains.
Global Diversification
The ETF has exposure to multiple countries, including Canada, Hong Kong, and Australia, reducing reliance on any single geographic market.
Healthy Year-to-Date Performance
The fund has shown strong year-to-date returns, indicating positive momentum in the copper mining sector.
Negative Factors
Sector Concentration
Nearly all of the ETF's exposure is in the materials sector, making it highly sensitive to fluctuations in commodity prices.
High Expense Ratio
The ETF charges a relatively high expense ratio compared to broader market funds, which can eat into investor returns over time.
Lagging Holdings
Some holdings, like Southern Copper and Boliden AB, have underperformed year-to-date, potentially dragging on overall performance.
COPX vs. SPDR S&P 500 ETF (SPY)
AUM5.19B
RegionGlobal
Expense Ratio0.65%
Beta1.27
IssuerGlobal X
Inception DateApr 19, 2010
Dividend Yield2.4%
Asset ClassEquity
Index TrackedStuttgart Solactive AG Global Copper Miners (USD)
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume3,691,181
30 Day Avg. Volume2,506,250
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
73.78Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering40
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
COPX Summary
The Global X Copper Miners ETF (COPX) is an investment fund that focuses on companies involved in copper mining, a key material used in modern infrastructure, technology, and renewable energy. It tracks the Stuttgart Solactive AG Global Copper Miners Index and includes well-known companies like Lundin Mining and Southern Copper. Investors might consider COPX for its potential growth as global demand for copper increases, especially with the rise of electric vehicles and sustainable energy. However, new investors should be aware that this ETF is heavily tied to the copper industry, meaning its performance can fluctuate with changes in copper prices and demand.
How much will it cost me?The Global X Copper Miners ETF (COPX) has an expense ratio of 0.65%, which means you’ll pay $6.50 per year for every $1,000 invested. This is higher than average because it is an actively managed fund focused on a specific niche—copper mining—requiring more research and management effort.
What would affect this ETF?The Global X Copper Miners ETF (COPX) could benefit from increasing global demand for copper driven by the transition to renewable energy, electric vehicles, and infrastructure development, as copper is essential for these technologies. However, the ETF may face challenges from fluctuating copper prices, regulatory changes in mining regions, or economic slowdowns that reduce industrial activity and demand for materials. Its global exposure and focus on leading copper mining companies provide diversification but also make it sensitive to geopolitical risks in key mining countries.
COPX Top 10 Holdings
The Global X Copper Miners ETF (COPX) is firmly rooted in the materials sector, with a clear focus on copper mining. Companies like KGHM Polska Miedz and Lundin Mining are rising steadily, buoyed by strong financial performance and bullish sentiment around copper demand. However, Freeport-McMoRan is lagging due to operational challenges, while Glencore’s mixed profitability and cash flow issues are holding back momentum. With a global mix of established players and emerging names, the fund’s concentrated exposure to copper miners makes it a compelling but narrowly focused bet on the growing demand for this essential metal.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| KGHM Polska Miedz SA | 5.82% | $311.12M | zł59.56B | 182.08% | 71 Outperform | |
| Lundin Mining | 5.68% | $303.27M | C$28.06B | 188.49% | 72 Outperform | |
| Boliden AB | 5.22% | $279.16M | kr161.44B | 75.77% | 72 Outperform | |
| Freeport-McMoRan | 5.01% | $267.89M | $81.17B | 48.97% | 67 Neutral | |
| Southern Copper | 4.84% | $258.45M | $139.67B | 92.49% | 73 Outperform | |
| Glencore | 4.79% | $255.97M | £52.99B | 28.73% | 68 Neutral | |
| Antofagasta | 4.77% | $255.03M | £34.24B | 107.69% | 69 Neutral | |
| First Quantum Minerals | 4.71% | $251.69M | C$33.06B | 115.88% | 73 Outperform | |
| Hudbay Minerals | 4.70% | $251.06M | C$11.88B | 161.79% | 76 Outperform | |
| Sumitomo Metal Mining Co | 4.58% | $244.77M | ¥1.97T | 110.58% | 57 Neutral |
COPX Technical Analysis
Positive
―
Price Trends
65.62
Positive
60.25
Positive
50.44
Positive
Market Momentum
3.60
Negative
73.70
Negative
80.18
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For COPX, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 72.28, equal to the 50-day MA of 65.62, and equal to the 200-day MA of 50.44, indicating a bullish trend. The MACD of 3.60 indicates Negative momentum. The RSI at 73.70 is Negative, neither overbought nor oversold. The STOCH value of 80.18 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for COPX.
COPX Peer Comparison
Comparison Results
Performance Comparison
COPX
Global X Copper Miners ETF
80.07
41.91
109.83%
IGF
iShares Global Infrastructure ETF
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―
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BAI
iShares A.I. Innovation and Tech Active ETF
―
―
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SIL
Global X Silver Miners ETF
―
―
―
SILJ
ETFMG Prime Junior Silver Miners ETF
―
―
―
RING
iShares MSCI Global Gold Miners ETF
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―
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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