COPX - ETF AI Analysis
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Global X Copper Miners ETF (COPX)
COPX, the Global X Copper Miners ETF, earns a solid overall rating thanks to several strong holdings like Hudbay Minerals, Southern Copper, First Quantum Minerals, and Boliden, which combine solid financial performance, good cash flow, and positive technical momentum to support the fund. However, some key positions such as Glencore, Antofagasta, and KGHM face profitability, cash flow, valuation, and operational challenges that weigh on the ETF’s score. The main risk factor is the fund’s concentrated exposure to copper miners, which makes it highly sensitive to sector-specific issues like production problems, operating costs, and copper price swings.
COPX vs. SPDR S&P 500 ETF (SPY)
- AUM
- 6.87B
- Region
- Global
- Expense Ratio
- 0.65%
- Beta
- 1.47
- Issuer
- Global X
- Inception Date
- Apr 19, 2010
- Dividend Yield
- 2.41%
- Asset Class
- Equity
- Index Tracked
- Stuttgart Solactive AG Global Copper Miners (USD)
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 Southern Copper, Freeport-McMoRan, Teck Resources, and Hudbay Minerals. These names have been generally rising over the year, helped by firm copper demand, even though they’ve lost a bit of short-term steam lately. On the other side, European players such as Antofagasta, KGHM, and Boliden have been lagging, acting as a mild brake on returns. Overall, the fund is tightly focused on the materials sector and spread across multiple regions rather than just the U.S.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 TECK | Teck Resources | ― | ― | ― | ― | 66Neutral |
 SCCO | Southern Copper | 5.62% | $385.34M | $169.30B | 56.41% | 73Outperform |
 HBM | Hudbay Minerals | ― | ― | ― | ― | 76Outperform |
 FCX | Freeport-McMoRan | 5.26% | $361.05M | $99.86B | 66.76% | 67Neutral |
 GB:GLEN | Glencore | 5.15% | $353.01M | GBP 68.34B | 65.89% | 68Neutral |
 AU:BHP | BHP Group Ltd | 5.12% | $351.47M | AUD 305.16B | 37.15% | 68Neutral |
 PL:KGH | KGHM Polska Miedz SA | 4.76% | $326.65M | PLN 65.55B | 71.37% | 71Outperform |
 TSE:FM | First Quantum Minerals | 4.74% | $325.41M | CAD 30.69B | 15.66% | 73Outperform |
 GB:ANTO | Antofagasta | 4.57% | $313.36M | GBP 33.52B | 21.99% | 69Neutral |
 SE:BOL | Boliden AB | 4.56% | $312.67M | SEK 151.66B | 27.93% | 72Outperform |
COPX Technical Analysis
Price Trends
Market Momentum
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 79.98 is below the 20-day moving average (MA) of 84.89, below the 50-day MA of 87.91, and below the 200-day MA of 83.34, indicating a bearish trend. The MACD of -1.64 indicates Positive momentum. The RSI at 36.69 is Neutral, neither overbought nor oversold. The STOCH value of 19.07 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for COPX.
COPX Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| COPX | $79.98 | $92.00(15.03% Upside) | $6.87B | 0.65% | 69Neutral |
 IXN | $137.37 | $184.09(34.01% Upside) | $9.34B | 0.37% | 66Neutral |
 SIL | $82.50 | $112.99(36.96% Upside) | $4.14B | 0.65% | 63Neutral |
 SILJ | $25.66 | $37.57(46.43% Upside) | $3.31B | 0.69% | 61Neutral |
 PICK | $58.19 | $67.11(15.32% Upside) | $2.37B | 0.39% | 57Neutral |
 RING | $76.78 | $95.03(23.77% Upside) | $2.32B | 0.39% | 64Neutral |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| COPX | Global X Copper Miners ETF | 79.98 | 19.31 | 31.82% | |
| IXN | iShares Global Tech ETF | 137.37 | 32.27 | 30.70% | |
| SIL | Global X Silver Miners ETF | 82.50 | 8.01 | 10.75% | |
| SILJ | ETFMG Prime Junior Silver Miners ETF | 25.66 | 0.59 | 2.36% | |
| PICK | iShares MSCI Global Metals & Mining Producers ETF | 58.19 | 12.97 | 28.69% | |
| RING | iShares MSCI Global Gold Miners ETF | 76.78 | 8.89 | 13.10% |
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.