Global X - Copper Miners ETF

Global X Copper Miners ETF (COPX) is an exchange-traded fund launched in April 2010, providing investors with equity-based exposure to companies involved in copper mining around the world. Unlike futures-based commodity funds, COPX gains its copper exposure through the shares of mining companies, making it sensitive to both copper prices and company-specific operating factors.

What does Global X Copper Miners ETF track? 

COPX tracks the Solactive Global Copper Miners Total Return Index, which is designed to measure the broad-based equity market performance of global companies involved in the copper mining industry. The fund invests at least 80% of its assets in the index's underlying securities and in American and Global Depositary Receipts representing those securities, with the index rebalanced semi-annually and individual company weights capped to manage concentration.

What does Global X Copper Miners ETF hold?

Holdings are concentrated in the materials sector, specifically companies engaged in copper mining, exploration, and related metals and mining activities, with a strong tilt toward North American-listed and -domiciled miners alongside global producers from regions such as Latin America, Europe, and Asia-Pacific. The fund's underlying companies are also commonly exposed to other base metals mined alongside copper, such as zinc, gold, and silver, as a natural by-product of diversified mining operations.

Global X Copper Miners ETF Investment strategy

COPX follows a passive, full-replication strategy designed to track the Solactive Global Copper Miners Total Return Index, ranking companies by their average daily trading volume relative to their home exchange to ensure the portfolio holds adequately liquid names. The strategy is built around the structural demand thesis for copper tied to electrification, electric vehicles, renewable energy infrastructure, and grid buildouts, giving investors leveraged-to-copper-price equity exposure rather than direct commodity-futures exposure.