COPX

Global X Copper Miners ETF

The Global X Copper Miners ETF is an exchange-traded fund incorporated in the USA. The seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Copper Miners Index ("Underlying Index").


Global

EQUITY

Rules-Based

MANAGEMENT STYLE

2.7 B

ASSETS UNDER MGMT

65 bp

EXPENSES
Fund Basics
Fund sponsorGlobal X Management Co LLC
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateApr 20, 2010
Assets (mns)$2,679
Expense ratio65 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
FIRST QUANTUM MINERALS LTD 5.6 %
BOLIDEN 5.0 %
BHP BILLITON LTD 4.8 %
IVANHOE MINES LTD. CLASS A 4.8 %
ANTOFAGASTA PLC 4.7 %
SOUTHERN COPPER CORP 4.7 %
GLENCORE INTERNATIONAL PLC 4.6 %
ZIJIN MINING GROUP CO LTD-H 4.6 %
LUNDIN MINING CORP 4.6 %
TECK RESOURCES LTD-CLS B 4.5 %
Constituent Breakdown
Number of holdings41
Herfindahl-Hirschman Index 387
Wgt avg mkt cap (mns)$23,355
Large cap (>$10bn)37.3%
Mid cap ($2-10bn)49.6%
Small cap (<$2bn)9.8%
Developed mkts.85.7%
Emerging mkts.14.3%
Country Exposure
CANADA 38.2 %
UNITED STATES 9.9 %
AUSTRALIA 9.6 %
CHINA 8.5 %
JAPAN 7.0 %
BRITAIN 5.4 %
SWEDEN 5.0 %
SWITZERLAND 4.7 %
POLAND 4.2 %
GERMANY 3.3 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns -3.6% 6.2% 1.7% 2.9% 16.9% 6.2% 1.2%
Volatility 33.2% 32.6% 32.6% 34.4% 38.6% 35.9% --
Market Correlations
versus...BetaR-squared
S&P 5000.9527%
MSCI EAFE1.3755%
MSCI Emg Mkts1.4158%
Liquidity Measures
Avg. volume (000)1,354
Turnover2.0%
Avg. Bid/Ask (% of price)0.15%
ADV of underlying (mns)$977
Technical Indicators
Recent close$38.91
30d moving avg.$42.41
Annualized volatility32.1%
Relative strength (RSI)48
Short interest (ETF)1.3%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: COPX vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
0.6 9.3 1.1 2.6% --
Based on closing prices from 12/20/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
COPX



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Rating

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™

COPX

9.1%

Cat. Avg

4.2%


ALTAR Score™ Calculation

Category Overview
There are 374 funds in the Global Equity category, with an average ALTAR Score™ of 4.2% and a standard deviation of 4.8%. COPX's ALTAR Score™ is approximately 1.0 standard deviations above the category average. This places COPX in the 85th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

COPX
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
Global Equity ETFs
# of ETFs 191
Avg. Expense Ratio 55.4 bp
Std. Deviation 17.5 bp
COPX (65 bp) Percentile rank 71
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
COPX 65.0 14.8 79.8
Peer Avg. 57.0 39.6 96.6
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .