What does Global X Copper Miners ETF do?

Global X Copper Miners ETF (NYSE Arca: COPX) is an exchange-traded fund (ETF), not an individual company. An ETF is a basket of many stocks packaged into a single instrument you buy and sell like a stock. It's issued by Global X (part of Korea's Mirae Asset group). What it holds: it replicates the Solactive Global Copper Miners Total Return Index, which groups the ~40 most relevant copper miners on the planet. Buying one share makes you owner of a fraction of all of them at once. The good thing about this basket — it's nearly balanced: unlike other ETFs dominated by 1 or 2 giants, here no company weighs more than ~5.6% and the top 10 together are only ~52% of the fund. Top 10 (Jun 2026): Hudbay Minerals ~5.6% Teck Resources ~5.5% BHP Group ~5.4% Antofagasta ~5.3% KGHM Polska Miedz ~5.2% Boliden ~5.0% Southern Copper (SCCO) ~5.0% First Quantum Minerals ~5.0% Freeport-McMoRan (FCX) ~4.9% Glencore ~4.9% These are companies from all over the world (Canada, Australia, UK, Poland, Sweden, US) with mines in Chile, Peru, Canada, Poland, Indonesia, Zambia and the DR Congo. It's global copper exposure, not a bet on a single country. Costs and income: it charges an expense ratio of 0.65% a year. It pays a semi-annual, modest and variable distribution (~2% over the last 12 months), which comes from the dividends the miners inside pay out; note it's low and changes year to year (miners pay based on the copper price). Assets (AUM): ~$7.1 billion. Why it enters the portfolio: it's a way to get exposure to copper —the metal of electrification and, now, of artificial intelligence— without having to pick a single miner. And even though it's a basket, it also pays a distribution, so it fits the thesis of 'owning things that pay you'.

Why did Vectorial Data pick COPX?

COPX at $75.71 is the most diversified way to bet on copper —the metal the world needs in enormous quantities to electrify— without staking everything on one mine. Specific reasons: (1) Copper is the bottleneck for EVERYTHING electric: an electric car uses ~4 times more copper than a gasoline one (~80 kg vs ~20 kg), and every solar panel, turbine, cable and power grid contains copper. More electrification = more copper, period. (2) The new giant buyer: artificial intelligence: a single AI data center can need up to 50,000 tonnes of copper; by 2030 data centers could consume hundreds of thousands of tonnes a year —demand that barely existed 3 years ago—. (3) Mines can't keep up: the International Energy Agency estimates that current and planned mines would only cover ~70% of 2035 copper demand. Less supply than demand = upward pressure on the price (and on these miners' profits). (4) A balanced basket, not a bet on one name: no company weighs more than ~5.6%, so if one mine has a problem (strike, accident, expropriation), it doesn't sink the whole fund. (5) It pays you a distribution (~2% last 12 months): modest and variable, but unlike buying a single growth miner, this basket pays out part of the dividends from its ~40 companies. It's the 'boring and diversified' way to own copper.

What are the risks of investing in COPX?

Risks: (1) The copper price rules — #1: this ETF rises and falls with the copper price, which is famous for its brutal cycles. If the world economy (especially China, the biggest buyer) cools down, copper drops and ALL the miners in the fund drop with it. It's a bet on ONE single commodity. (2) Country/political risk: the mines are in Chile, Peru, Indonesia, the DR Congo, Zambia… places where governments can raise taxes, demand more royalties or even expropriate; protests and permits can shut a whole mine. (3) It's very volatile: mining stocks move MORE than the metal —when copper rises 10%, these can rise 20%, and vice versa—. It's not a calm ETF. (4) Currency risk: the fund trades in dollars but holds companies in pounds, Canadian dollars, kronor, zlotys…; if those currencies weaken against the dollar, your return drops. (5) The distribution is low and variable: ~2% over the last 12 months, but miners pay based on the copper price, so the income can shrink in bad years —you don't buy it for the income, you buy it for the copper—. (6) Higher fee (0.65%): quite a bit pricier than a broad index ETF; it's the price of specialized, diversified copper exposure in a single buy.

Is COPX an ETF or a stock?

Global X Copper Miners ETF is an ETF (exchange-traded fund): one purchase gives you a small piece of many companies at once, instead of a single company.

How can I buy COPX with little money?

You can buy fractional shares of COPX starting from a few dollars with any broker that offers fractional shares. The Vectorial Data method: invest the same amount in every pick, every time.

When was this COPX analysis last updated?

The COPX analysis was last updated on Invalid Date.

Stocks/COPX

COPX — Global X Copper Miners ETF

ETFGlobalGlobalBlockchain certified

$75.71

Target: $ (%)

P/E Ratio

—

P/E Forward

—

Dividend

2.1%

Market Cap

$7.12B

EPS

—

Consensus

ETF — canasta indexada (sin rating individual)

What they do

Global X Copper Miners ETF (NYSE Arca: COPX) is an exchange-traded fund (ETF), not an individual company. An ETF is a basket of many stocks packaged into a single instrument you buy and sell like a stock. It's issued by Global X (part of Korea's Mirae Asset group).

What it holds: it replicates the Solactive Global Copper Miners Total Return Index, which groups the ~40 most relevant copper miners on the planet. Buying one share makes you owner of a fraction of all of them at once.

The good thing about this basket — it's nearly balanced: unlike other ETFs dominated by 1 or 2 giants, here no company weighs more than ~5.6% and the top 10 together are only ~52% of the fund. Top 10 (Jun 2026):

Hudbay Minerals ~5.6%
Teck Resources ~5.5%
BHP Group ~5.4%
Antofagasta ~5.3%
KGHM Polska Miedz ~5.2%
Boliden ~5.0%
Southern Copper (SCCO) ~5.0%
First Quantum Minerals ~5.0%
Freeport-McMoRan (FCX) ~4.9%
Glencore ~4.9%

These are companies from all over the world (Canada, Australia, UK, Poland, Sweden, US) with mines in Chile, Peru, Canada, Poland, Indonesia, Zambia and the DR Congo. It's global copper exposure, not a bet on a single country.

Costs and income: it charges an expense ratio of 0.65% a year. It pays a semi-annual, modest and variable distribution (~2% over the last 12 months), which comes from the dividends the miners inside pay out; note it's low and changes year to year (miners pay based on the copper price). Assets (AUM): ~$7.1 billion.

Why it enters the portfolio: it's a way to get exposure to copper —the metal of electrification and, now, of artificial intelligence— without having to pick a single miner. And even though it's a basket, it also pays a distribution, so it fits the thesis of 'owning things that pay you'.

Why we like it

COPX at $75.71 is the most diversified way to bet on copper —the metal the world needs in enormous quantities to electrify— without staking everything on one mine. Specific reasons:

Copper is the bottleneck for EVERYTHING electric: an electric car uses ~4 times more copper than a gasoline one (~80 kg vs ~20 kg), and every solar panel, turbine, cable and power grid contains copper. More electrification = more copper, period.
The new giant buyer: artificial intelligence: a single AI data center can need up to 50,000 tonnes of copper; by 2030 data centers could consume hundreds of thousands of tonnes a year —demand that barely existed 3 years ago—.
Mines can't keep up: the International Energy Agency estimates that current and planned mines would only cover ~70% of 2035 copper demand. Less supply than demand = upward pressure on the price (and on these miners' profits).
A balanced basket, not a bet on one name: no company weighs more than ~5.6%, so if one mine has a problem (strike, accident, expropriation), it doesn't sink the whole fund.
It pays you a distribution (~2% last 12 months): modest and variable, but unlike buying a single growth miner, this basket pays out part of the dividends from its ~40 companies. It's the 'boring and diversified' way to own copper.

Key Risk

Risks:

The copper price rules — #1: this ETF rises and falls with the copper price, which is famous for its brutal cycles. If the world economy (especially China, the biggest buyer) cools down, copper drops and ALL the miners in the fund drop with it. It's a bet on ONE single commodity.
Country/political risk: the mines are in Chile, Peru, Indonesia, the DR Congo, Zambia… places where governments can raise taxes, demand more royalties or even expropriate; protests and permits can shut a whole mine.
It's very volatile: mining stocks move MORE than the metal —when copper rises 10%, these can rise 20%, and vice versa—. It's not a calm ETF.
Currency risk: the fund trades in dollars but holds companies in pounds, Canadian dollars, kronor, zlotys…; if those currencies weaken against the dollar, your return drops.
The distribution is low and variable: ~2% over the last 12 months, but miners pay based on the copper price, so the income can shrink in bad years —you don't buy it for the income, you buy it for the copper—.
Higher fee (0.65%): quite a bit pricier than a broad index ETF; it's the price of specialized, diversified copper exposure in a single buy.

This is educational and informational content, not financial advice. Always consult a qualified financial advisor before making investment decisions.

Vectorial Data picked COPX on 2026-06-26 at $75.71.

Last updated: Invalid Date

Dividends received by the Vectorial portfolio

What this stock has paid the model since we bought it. Your actual amount depends on when you replicated.

Ex-div date	Per share	Shares	Total to portfolio
Jun 29, 2026	$0.2580	0.6627	$0.17

Total received: $0.17

Full Research

Global X Copper Miners ETF (COPX) — Research Completo

Precio: $75.71 | Tipo: ETF | Expense ratio: 0.65% | Distribución (TTM): ~2% | AUM: ~$7.1B USD

⚠️ Esto es un ETF, no una empresa

COPX es una canasta de ~40 mineras de cobre de todo el mundo empaquetada en un solo instrumento. No tiene CEO ni un solo negocio: es exposición diversificada a un metal —el cobre—. Emisor: Global X (grupo Mirae Asset). Índice: Solactive Global Copper Miners Total Return.

Qué contiene (top 10, ~jun 2026)

#	Empresa	País listado	Peso
1	Hudbay Minerals	Canadá	5.6%
2	Teck Resources (Cl. B)	Canadá	5.5%
3	BHP Group	Australia	5.4%
4	Antofagasta	Reino Unido	5.3%
5	KGHM Polska Miedz	Polonia	5.2%
6	Boliden	Suecia	5.0%
7	Southern Copper (SCCO)	EE.UU./Perú	5.0%
8	First Quantum Minerals	Canadá	5.0%
9	Freeport-McMoRan (FCX)	EE.UU.	4.9%
10	Glencore	Reino Unido	4.9%

Casi equilibrada: ninguna empresa pesa más de ~5.6%. Top 10 ≈ 52% del fondo (vs. canastas donde 2 nombres son la mitad).

Datos clave

Métrica	Valor
Expense ratio	0.65% al año
Distribución (TTM)	~2% (semestral, variable)
30-day SEC yield	~0.27% (más bajo a futuro)
AUM	~$7.1 mil millones
Nº de holdings	~40
Índice	Solactive Global Copper Miners TR

La tesis del cobre: electrificación + IA

El cobre es el metal que conduce la electricidad. Todo lo que se electrifica lo necesita:

Coches eléctricos: ~80 kg de cobre cada uno, ~4 veces más que un coche de gasolina (~20 kg).
Centros de datos de IA: un solo centro hyperscale puede necesitar hasta 50,000 toneladas de cobre; para 2030 los centros de datos podrían consumir cientos de miles de toneladas al año.
Redes, solar, eólica: cada cable, panel y turbina lleva cobre.

Y la oferta no alcanza: la Agencia Internacional de Energía calcula que las minas actuales y planeadas solo cubrirían ~70% de la demanda de cobre proyectada para 2035. Menos oferta que demanda = presión al alza en el precio del cobre y en las ganancias de estas mineras.

Anchor Fact

Un coche eléctrico lleva dentro ~4 veces más cobre que uno de gasolina (~80 kg vs ~20 kg), y un solo centro de datos de inteligencia artificial puede tragarse hasta 50,000 toneladas de cobre. Mientras tanto, la Agencia Internacional de Energía calcula que las minas del mundo —incluso contando las que aún no se construyen— solo alcanzarían a cubrir ~70% de la demanda de cobre para 2035. COPX es la forma de ser dueño, en una sola compra, de las ~40 empresas que sacan ese metal de la tierra —sin apostarle a una sola mina—.

Top Risks

Precio del cobre / ciclo económico — sube y baja con el cobre y con China
Riesgo país/político — minas en Chile, Perú, Indonesia, RD del Congo, Zambia
Volatilidad alta — las mineras se mueven más que el metal
Riesgo de moneda — cotiza en USD, empresas en otras divisas
Distribución baja y variable — ~2% TTM, depende del precio del cobre

¿Por qué entra al portafolio?

Es un ETF temático de cobre. Aunque es una canasta y no una sola empresa, también reparte distribución (~2% TTM), encaja con la tesis de 'tener cosas que te pagan', y da exposición global y casi equilibrada al metal de la electrificación y la IA en una sola compra.

Tesis en una línea

La forma más diversificada de tenerle al cobre —el cuello de botella de los coches eléctricos, las redes de luz y, ahora, los centros de datos de IA— a través de ~40 mineras del mundo entero, ninguna pesando más de ~5.6%.

Research fecha: 26 Jun 2026 | Próxima revisión: Dic 2026

Esto no es asesoría financiera.

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Researched: 6/26/2026Updated: 6/26/2026Next review: 12/26/2026

This is not financial advice. Consult a certified financial advisor.

The author may hold positions in the securities discussed.

Past performance does not guarantee future results.