COPX - ETF AI Analysis
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Global X Copper Miners ETF (COPX)
Rating:68Neutral
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown strong gains so far this year and over the past month, indicating positive momentum in copper miners.
Leading Holdings Performing Well
Most of the top positions, including major global miners, have delivered strong year-to-date results, helping drive the fund’s returns.
Global Geographic Diversification
Holdings spread across several countries such as Canada, the U.S., the U.K., and Asia help reduce reliance on any single market.
Negative Factors
High Sector Concentration
Nearly all assets are in the materials sector, meaning the fund is heavily tied to the fortunes of commodity and mining markets.
Industry-Specific Risk
Because the ETF focuses on copper miners, it is highly sensitive to copper prices and demand, which can be volatile.
Relatively High Expense Ratio
The fund’s expense ratio is on the higher side for an ETF, which can modestly reduce net returns over time.
COPX vs. SPDR S&P 500 ETF (SPY)
AUM7.11B
RegionGlobal
Expense Ratio0.65%
Beta1.58
IssuerGlobal X
Inception DateApr 19, 2010
Dividend Yield2.52%
Asset ClassEquity
Index TrackedStuttgart Solactive AG Global Copper Miners (USD)
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume3,150,013
30 Day Avg. Volume3,826,639
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
93.96Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering39
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
COPX Summary
The Global X Copper Miners ETF (COPX) is a fund that follows the Stuttgart Solactive AG Global Copper Miners Index, focusing on companies that mine and produce copper around the world. It holds well-known names like Freeport-McMoRan and BHP Group, along with other major copper producers. Investors might consider COPX if they believe demand for copper will grow as electric vehicles, renewable energy, and new infrastructure expand, and they want a simple way to spread that bet across many miners. A key risk is that it is heavily tied to copper prices, so the ETF can rise or fall sharply with the copper and mining markets.
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
COPX is essentially a pure play on global copper miners, with performance driven by a tight cluster of heavyweights rather than a broad market mix. Freeport-McMoRan, Hudbay Minerals, and BHP have been rising, giving the fund a strong tailwind as copper demand stories heat up. Teck Resources and Southern Copper are also pulling their weight, though operational hiccups keep their momentum a bit mixed. Glencore, meanwhile, has been lagging and occasionally drags on returns. With holdings spread across North America, Europe, and emerging markets, this is a globally focused, sector-concentrated bet on copper’s future.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Hudbay Minerals | 5.64% | $401.70M | $10.96B | 188.33% | 76 Outperform | |
| BHP Group Ltd | 5.52% | $392.81M | AU$311.95B | 75.44% | 68 Neutral | |
| Teck Resources | 5.48% | $390.64M | $30.73B | 66.29% | 66 Neutral | |
| Antofagasta | 5.25% | $373.79M | £38.57B | 133.39% | 69 Neutral | |
| KGHM Polska Miedz SA | 5.20% | $370.21M | zł73.10B | 202.86% | 71 Outperform | |
| First Quantum Minerals | 5.11% | $363.78M | C$35.88B | 86.60% | 73 Outperform | |
| Boliden AB | 4.99% | $355.51M | kr161.72B | 97.13% | 72 Outperform | |
| Southern Copper | 4.83% | $344.07M | $160.97B | 108.19% | 73 Outperform | |
| Glencore | 4.81% | $342.92M | £65.15B | 95.80% | 68 Neutral | |
| Freeport-McMoRan | 4.73% | $336.79M | $98.73B | 69.05% | 67 Neutral |
COPX Technical Analysis
Neutral
―
Price Trends
82.91
Negative
82.63
Negative
74.61
Positive
Market Momentum
-2.33
Positive
41.62
Neutral
16.63
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For COPX, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 81.18, equal to the 50-day MA of 82.91, and equal to the 200-day MA of 74.61, indicating a neutral trend. The MACD of -2.33 indicates Positive momentum. The RSI at 41.62 is Neutral, neither overbought nor oversold. The STOCH value of 16.63 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for COPX.
COPX Peer Comparison
Comparison Results
Performance Comparison
COPX
Global X Copper Miners ETF
76.65
32.51
73.65%
IXN
iShares Global Tech ETF
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SIL
Global X Silver Miners ETF
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―
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SILJ
ETFMG Prime Junior Silver Miners ETF
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RING
iShares MSCI Global Gold Miners ETF
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―
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PICK
iShares MSCI Global Metals & Mining Producers ETF
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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.
DisclaimerThis 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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