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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 Recent Performance
The ETF has shown strong gains over the past three months and year-to-date, indicating positive recent momentum.
Leading Copper Miners in Top Holdings
Many of the largest positions, including well-known global copper miners, have delivered strong year-to-date results that support the fund’s performance.
Global Geographic Diversification
Holdings spread across several countries such as Canada, the U.S., the UK, and Asia help reduce reliance on any single market or region.
Negative Factors
High Sector Concentration in Materials
With almost all assets in the materials sector, the ETF is heavily exposed to swings in commodity and mining markets.
Single-Commodity Industry Focus
Because the fund targets copper miners, its performance is closely tied to copper prices and industry conditions, which can be volatile.
Relatively High Expense Ratio
The ETF charges a higher fee than many broad-market index funds, which can slightly reduce net returns over time.
COPX vs. SPDR S&P 500 ETF (SPY)
AUM8.04B
RegionGlobal
Expense Ratio0.65%
Beta1.28
IssuerGlobal X
Inception DateApr 19, 2010
Dividend Yield2.34%
Asset ClassEquity
Index TrackedSolactive Global Copper Miners Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume5,220,372
30 Day Avg. Volume5,028,214
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
89.79Price 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 and invests in companies that mine and produce copper around the world. It holds well-known names like Freeport-McMoRan and Glencore, giving you a simple way to bet on rising copper demand from electric cars, renewable energy, and modern infrastructure. Someone might invest in COPX for growth potential and global diversification within the copper mining industry. A key risk is that it is heavily tied to copper prices, so the ETF can be very volatile and may go up or down sharply.
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 names like Lundin Mining, Southern Copper, and Freeport-McMoRan doing most of the heavy lifting as their shares have been steadily rising on solid earnings and upbeat outlooks for copper demand. European players such as Boliden and Antofagasta are also pulling their weight, helped by firm pricing and decent operational performance. On the softer side, KGHM is more of a mixed bag, with operational hiccups keeping it from fully joining the rally. Overall, the fund is tightly tied to the materials sector and globally diversified across North America, Europe, and Asia.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Lundin Mining | 6.11% | $489.59M | C$31.36B | 208.85% | 72 Outperform | |
| Sumitomo Metal Mining Co | 6.10% | $489.06M | ¥2.89T | 173.57% | 57 Neutral | |
| Boliden AB | 5.46% | $437.12M | kr184.23B | 77.51% | 72 Outperform | |
| KGHM Polska Miedz SA | 5.31% | $425.35M | zł59.30B | 134.17% | 71 Outperform | |
| Southern Copper | 5.24% | $419.76M | $157.16B | 119.19% | 73 Outperform | |
| Freeport-McMoRan | 5.18% | $415.08M | $90.06B | 66.30% | 67 Neutral | |
| Glencore | 4.94% | $395.38M | £60.27B | 57.34% | 68 Neutral | |
| Antofagasta | 4.91% | $393.03M | £38.02B | 106.98% | 69 Neutral | |
| Hudbay Minerals | 4.77% | $382.11M | $9.15B | 218.67% | 76 Outperform | |
| BHP Group Ltd | 4.51% | $361.03M | AU$280.06B | 51.20% | 68 Neutral |
COPX Technical Analysis
Negative
―
Price Trends
83.78
Negative
72.70
Positive
59.57
Positive
Market Momentum
1.40
Positive
42.23
Neutral
22.57
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For COPX, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 88.78, equal to the 50-day MA of 83.78, and equal to the 200-day MA of 59.57, indicating a neutral trend. The MACD of 1.40 indicates Positive momentum. The RSI at 42.23 is Neutral, neither overbought nor oversold. The STOCH value of 22.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for COPX.
COPX Peer Comparison
Comparison Results
Performance Comparison
COPX
Global X Copper Miners ETF
82.30
43.48
112.00%
CIBR
First Trust NASDAQ Cybersecurity ETF
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―
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SIL
Global X Silver Miners ETF
―
―
―
SILJ
ETFMG Prime Junior Silver Miners ETF
―
―
―
RING
iShares MSCI Global Gold Miners ETF
―
―
―
SLVP
iShares MSCI Global Silver 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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