COPX - ETF AI Analysis
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Global X Copper Miners ETF (COPX)
Rating:68Neutral
Price Target:―
Positive Factors
Strong Year-to-Date Results
The ETF has delivered strong year-to-date performance, suggesting that its focus on copper miners has recently been rewarded.
Leading Miners Driving Gains
Several of the largest holdings, including major global mining companies, have shown strong gains, helping support the fund’s overall returns.
Global Diversification
Holdings spread across multiple countries such as Canada, the U.S., the UK, and Asia help reduce reliance on any single market.
Negative Factors
High Sector Concentration
With most assets in the materials sector and specifically copper miners, the fund is heavily exposed to swings in commodity and mining markets.
Notable Short-Term Volatility
Recent one- and three-month performance has been weak, showing that the ETF can be volatile over shorter periods.
Relatively High Expense Ratio
The fund’s expense ratio is on the higher side for an ETF, which means more of the returns are used to cover fees.
COPX vs. SPDR S&P 500 ETF (SPY)
AUM8.44B
RegionGlobal
Expense Ratio0.65%
Beta1.52
IssuerGlobal X
Inception DateApr 19, 2010
Dividend Yield2.16%
Asset ClassEquity
Index TrackedStuttgart Solactive AG Global Copper Miners (USD)
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume3,252,836
30 Day Avg. Volume3,164,742
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
96.90Price 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 tracks the Stuttgart Solactive AG Global Copper Miners Index, focusing on companies that mine copper around the world. It holds major names like BHP Group and Freeport-McMoRan, giving investors a simple way to invest in the growing demand for copper used in electric cars, renewable energy, and modern infrastructure. Someone might consider COPX for potential long-term growth and diversification into the materials sector. However, it is heavily tied to copper prices and mining stocks, so its value can rise and fall sharply with commodity 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 a pure play on global copper miners, with performance largely steered by heavyweights like Freeport-McMoRan, Southern Copper, and BHP, all of which have been rising and giving the fund a strong tailwind. Hudbay Minerals and Teck Resources are also climbing, adding to the momentum. The main drag comes from names like Antofagasta, where recent performance has been more mixed and cash flow worries linger. With holdings spread across North America, Europe, and Asia, the ETF is globally diversified but tightly concentrated in the copper materials story.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Hudbay Minerals | 5.79% | $503.17M | $13.02B | 144.08% | 76 Outperform | |
| First Quantum Minerals | 5.23% | $454.27M | C$39.84B | 95.49% | 73 Outperform | |
| Teck Resources | 5.21% | $452.22M | $34.01B | 102.81% | 66 Neutral | |
| BHP Group Ltd | 5.09% | $441.99M | AU$342.12B | 70.12% | 68 Neutral | |
| Southern Copper | 5.01% | $435.35M | $177.14B | 126.98% | 73 Outperform | |
| Freeport-McMoRan | 4.90% | $425.79M | $109.78B | 72.18% | 67 Neutral | |
| KGHM Polska Miedz SA | 4.63% | $402.15M | zł72.40B | 176.58% | 71 Outperform | |
| Antofagasta | 4.59% | $398.95M | £39.82B | 88.30% | 69 Neutral | |
| Glencore | 4.57% | $396.69M | £69.68B | 103.83% | 68 Neutral | |
| Sumitomo Metal Mining Co | 4.41% | $383.38M | ¥3.17T | 164.40% | 57 Neutral |
COPX Technical Analysis
Neutral
―
Price Trends
82.24
Positive
83.25
Positive
79.86
Positive
Market Momentum
3.19
Positive
51.84
Neutral
49.69
Neutral
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 90.18, equal to the 50-day MA of 82.24, and equal to the 200-day MA of 79.86, indicating a neutral trend. The MACD of 3.19 indicates Positive momentum. The RSI at 51.84 is Neutral, neither overbought nor oversold. The STOCH value of 49.69 is Neutral, 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
89.90
40.21
80.92%
SIL
Global X Silver Miners ETF
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―
―
SILJ
ETFMG Prime Junior Silver Miners ETF
―
―
―
RING
iShares MSCI Global Gold Miners ETF
―
―
―
PICK
iShares MSCI Global Metals & Mining Producers ETF
―
―
―
SLVP
iShares MSCI Global Silver Miners 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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