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As of October 10, 2026, Global X Copper Miners ETF (COPX) trades at $85.75. RSI at 46 is in neutral territory, and the price is below its 50-day average of $87.98.
Global X Copper Miners ETF (COPX)
Global X Copper Miners ETF NYSE
$85.75
3.530 (4.29%)
At close: Oct 9, 4:00 PM EDT
AI Analyst Consensus
55 / 100
The Global X Copper Miners ETF (COPX) offers diversified exposure to companies involved in copper mining globally. The fund's strategy focuses on producers, explorers, and related firms, with its portfolio heavily concentrated in the Basic Materials sector, accounting for 97.44% of its assets. Industrials make up the remaining 2.56%. The ETF's assets under management stand at $8.44 billion, with an expense ratio of 0.65%, costing $65.00 per $10,000 invested. COPX has demonstrated strong long-term returns, significantly outperforming its category over 1, 5, and 10-year periods, though its year-to-date and 3-month returns lag behind the category average.
COPX Price Analysis
Market Metrics
Open
$85.05
Day Range
$84.71 to $86.10
Prev Close
$82.22
Volume
2.43M
52-Week Range
$56.93 to $99.99
COPX Fund Facts
Global X Copper Miners ETF is an exchange-traded fund that provides diversified exposure to companies involved in copper mining around the world. It seeks to track a copper-miners-focused index, giving investors access to producers, explorers, and related firms across multiple countries and market capitalizations. The fund’s portfolio is concentrated in materials and natural resources businesses, with holdings typically drawn from major mining markets in North America, South America, Europe, Africa, and Asia.
Issuer
Global X Funds
Category
Natural Resources
Inception
Apr 19, 2010
Expense ratio
0.65%
Net assets
$8.44B
NAV
$94.55
Distribution yield
2.07%
YTD return
29.78%
Turnover
0.00%
Sector weights
Industrials
2.6%
Basic Materials
97.4%
Trailing returns vs category
| Period | COPX | Category |
|---|---|---|
| YTD | 29.78% | 17.99% |
| 1 month | 18.14% | 5.51% |
| 3 months | 6.27% | 5.28% |
| 1 year | 93.72% | 68.30% |
| 3 years | 37.75% | 16.21% |
| 5 years | 23.16% | 11.05% |
| 10 years | 21.71% | 11.07% |
Fund reference data as of Oct 10, 2026. Expense ratio and net assets are reported by the fund; returns are total returns and can differ from price change.
COPX Analysis
AI Technical Analysis
COPX is currently trading below its 20-day and 50-day exponential moving averages, with values of $86.03 and $87.98 respectively, suggesting a short-term bearish trend. The 200-day simple moving average stands at $83.30, with the current price of $85.75 trading above it. The Relative Strength Index (RSI) is at 45.87, indicating neutral momentum. The Stochastic indicator is at 48.04, also suggesting a neutral stance. The ETF's recent trading volume of 2,427,500 is slightly above its average volume, indicating moderate investor interest.
ProTips
- Monitor global copper prices closely as they are the primary driver of COPX's performance.
- Be aware of the high concentration risk in the Basic Materials sector; consider diversifying if this is your only materials exposure.
- Track geopolitical developments in major copper-producing countries, as these can significantly impact supply and prices.
Market Outlook
The outlook for COPX is cautiously optimistic, contingent on sustained demand for copper and stable mining operations. While the ETF has shown strong long-term performance, its short-term technicals indicate a period of consolidation or potential downside. A recovery in industrial production and infrastructure spending globally could drive copper prices higher, benefiting the fund. Conversely, a significant global economic slowdown or supply disruptions could lead to price declines. The ETF's performance will be closely tied to the health of the materials sector and global economic trends over the next 6-12 months.
Market Correlations
How this etf moves relative to other assets
Based on 1 year of daily price data. Correlations may vary over different time periods.
S&P 500 (SPY)
+0.59
Moderate correlation
Nasdaq 100 (QQQ)
+0.60
Moderate correlation
Bitcoin (BTC)
+0.26
Weak correlation
Gold (XAU)
+0.59
Moderate correlation
Check Custom Correlation
How does any other asset move with COPX? One year of daily closes, Pearson correlation.
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Key Statistics
| Yield | 2.25% |
|---|---|
| Day High | $86.10 |
| Day Low | $84.71 |
| 52 Week High | 99.99 |
| 52 Week Low | 56.93 |
The Global X Copper Miners ETF is heavily concentrated in the Basic Materials sector, with 97.44% of its assets dedicated to copper mining companies. This concentration exposes investors to the specific dynamics of the copper market, including supply and demand fluctuations, geopolitical risks in mining regions, and the broader industrial economy's health. The fund's net assets total $8.44 billion, managed under a 0.65% expense ratio. The ETF's dividend yield is 2.07%, with a dividend rate of $1.93. The underlying sector's performance is critical, as the ETF's returns are directly tied to the profitability and growth prospects of copper miners.
Earnings & Growth Analysis
As an ETF focused on copper miners, COPX's earnings analysis centers on the aggregate performance of its underlying holdings. The sector's profitability is directly influenced by copper prices, which are driven by global industrial demand, particularly from construction and manufacturing sectors in major economies. Companies within the ETF are expected to translate higher copper prices into increased revenue and earnings, benefiting the fund's overall performance. The current neutral RSI suggests that the market is not pricing in significant immediate earnings shocks or windfalls for the sector.
Key Risks
The primary risk for COPX is its significant sector concentration in Basic Materials (97.44%), making it highly susceptible to downturns in the copper market. Geopolitical instability in major copper-producing regions could disrupt supply chains and impact company operations. Also, a slowdown in global industrial production or construction could depress copper prices, negatively affecting the fund's performance.
Technical Indicators
| RSI (14) | 45.87 |
|---|---|
| MACD | -1.02 |
| SMA 50 | 87.98 |
| SMA 200 | 83.30 |
RSI
Neutral
SMA Cross
Bullish
Price vs SMA
Bearish
MACD
Bearish
Golden Cross in effect with the 50-day SMA ($87.98) above the 200-day SMA ($83.30), price is trading below the 50-day SMA.
COPX Trade Plans
Specific entry, exit, and risk management levels
Select Your Trade Bias
Risk Tolerance
Conservative
2%
Aggressive
Portfolio Value
$
Position Size: Enter portfolio size →
Entry Strategies pick an entry style
Conservative
$84.89
Slight discount to current
Wait for small dip
Aggressive
$85.75
At current price
Enter now if confident
Risk Management
STOP LOSS
$81.79
MAX LOSS
-3.7%
Volatility-Adjusted Stop Loss
Calculated based on RSI (45.9) and current market volatility
Profit Targets (Based on Conservative Entry)
TARGET 1
$87.44
+3% (Conservative)
+2.0% (Aggressive)
TARGET 2
$89.14
+5% (Conservative)
+4.0% (Aggressive)
TARGET 3
$91.68
+8% (Conservative)
+6.9% (Aggressive)
Consider scaling out: Take 50% profit at Target 1, 30% at Target 2, let 20% run to Target 3
Calculate Your Trade
ETF Investment Disclaimer
This AI-generated analysis of COPX is for educational purposes only and does not constitute investment advice. ETFs are subject to market risk including possible loss of principal. Performance depends on the underlying index or assets tracked. Read the fund prospectus before investing. Past performance does not guarantee future results. Generated on October 10, 2026.Growth of $10,000
A $10,000 investment in COPX in October 2016 would be worth about $51,532 today, compared with about $36,018 for the same investment in the S&P 500 benchmark.
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Monte Carlo Projection (10yr)
CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in COPX today could grow to about $31,156 by 2036 in the base case, with a bull case near $135,494 and a bear case around $7,164. Projections are statistical simulations, not guarantees.
COPX ETF Price Prediction: 2030
CleaRank's simulation projects a price near $135 for COPX by 2030 in the base case, from $85.75 today (1.6x over 4 years). The downside path ends near $53.32. These are outcomes of a Monte Carlo simulation run on COPX's historical return distribution, not price targets, and they assume no dividends are reinvested.
| Year | Downside (10th pct) | Base case | Upside (90th pct) |
|---|---|---|---|
| 2027 | $60.36 | $96.07 | $153 |
| 2028 | $55.78 | $108 | $208 |
| 2029 | $53.91 | $121 | $270 |
| 2030 | $53.32 | $135 | $342 |
| 2031 | $53.53 | $151 | $428 |
| 2032 | $54.31 | $170 | $529 |
| 2033 | $55.54 | $190 | $650 |
| 2034 | $57.16 | $213 | $793 |
| 2035 | $59.13 | $238 | $962 |
| 2036 | $61.43 | $267 | $1,162 |
Method: 10,000 simulated price paths using COPX's historical volatility and drift, re-run daily. The base case is the median path; the two outer columns are the 10th and 90th percentile outcomes, which widen with time because uncertainty compounds. Simulations are not guarantees, and past volatility does not predict future returns. This is analysis, not investment advice.
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Frequently Asked Questions
What is the expense ratio for the Global X Copper Miners ETF (COPX)?
The expense ratio for COPX is 0.65%, which translates to $65.00 per $10,000 invested annually. This fee covers the fund's operational costs.
What sectors does the Global X Copper Miners ETF (COPX) primarily invest in?
COPX is heavily concentrated in the Basic Materials sector, holding 97.44% of its assets there. A small portion, 2.56%, is allocated to the Industrials sector.
What is the distribution yield for the Global X Copper Miners ETF (COPX)?
The Global X Copper Miners ETF (COPX) has a distribution yield of 2.07% and a dividend rate of $1.93.
How has COPX performed against its category over different timeframes?
COPX has significantly outperformed its category over the 1-year (93.72% vs 68.30%), 5-year (23.16% vs 11.05%), and 10-year (21.71% vs 11.07%) periods. However, its year-to-date (29.78% vs 17.99%) and 3-month (6.27% vs 5.28%) returns show it lagging behind the category.
What is the price prediction for COPX ETF in 2030?
Based on Monte Carlo simulations, the projected base price for COPX in 2030 is $135.10, with a downside projection of $53.32 and an upside projection of $342.29. These are statistical outcomes, not price targets.
What are the key news and catalysts impacting COPX?
The primary catalysts for COPX are global copper prices, influenced by industrial demand and supply-side factors. News regarding major mining operations, geopolitical events in copper-rich regions, and shifts in global manufacturing output can significantly impact the ETF's performance.
What are the main risks associated with investing in COPX?
The main risks include significant concentration in the Basic Materials sector, exposure to volatile copper prices, and potential disruptions from geopolitical events in mining regions. A global economic slowdown could also negatively impact demand for copper.
What is the current technical momentum of COPX?
COPX is currently experiencing neutral momentum, with its RSI at 45.9 and its Stochastic indicator at 48.04. The ETF is trading below its 20-day and 50-day moving averages, suggesting short-term weakness.