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Tuesday, October 27, 2026 · Today’s edition, 6:30 a.m. ETTue, Oct 27 · 6:30 a.m. editionSign inMy Desk 0EditionsSign in
COPXGlobal XINDEX

Global X Copper Miners ETF

$73.81+0.99% vs prior close
579652-WK

Price through Oct 26, 2026 · Flows through Aug 23, 2024. Figures use the latest available records, not a live quote. Fund details retrieved Oct 26, 2026. Holdings snapshot retrieved Oct 26, 2026.

The fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is designed to measure broad-based equity market performance of global companies involved in the copper mining industry. The fund is non-diversified.

COPX price

Source: Market tape, daily closes; price return, distributions not reinvested
Table
DateCOPX close
Jul 27, 2026$77.90
Jul 28, 2026$76.52
Jul 29, 2026$76.14
Jul 30, 2026$79.50
Jul 31, 2026$78.86
Aug 3, 2026$79.36
Aug 4, 2026$83.99
Aug 5, 2026$86.72
Aug 6, 2026$86.09
Aug 7, 2026$88.03
Aug 10, 2026$89.51
Aug 11, 2026$88.59
Aug 12, 2026$88.30
Aug 13, 2026$85.52
Aug 14, 2026$85.70
Aug 17, 2026$87.34
Aug 18, 2026$85.57
Aug 19, 2026$88.28
Aug 20, 2026$89.93
Aug 21, 2026$94.59
Aug 24, 2026$94.53
Aug 25, 2026$96.32
Aug 26, 2026$95.54
Aug 27, 2026$96.45
Aug 28, 2026$94.42
Aug 31, 2026$92.86
Sep 1, 2026$89.24
Sep 2, 2026$89.90
Sep 3, 2026$91.25
Sep 4, 2026$90.66
Sep 8, 2026$94.38
Sep 9, 2026$95.27
Sep 10, 2026$88.61
Sep 11, 2026$88.53
Sep 14, 2026$85.62
Sep 15, 2026$84.59
Sep 16, 2026$84.19
Sep 17, 2026$86.61
Sep 18, 2026$87.28
Sep 21, 2026$87.49
Sep 22, 2026$89.98
Sep 23, 2026$87.03
Sep 24, 2026$86.25
Sep 25, 2026$86.73
Sep 28, 2026$85.26
Sep 29, 2026$85.48
Sep 30, 2026$84.70
Oct 1, 2026$83.40
Oct 2, 2026$85.91
Oct 5, 2026$86.33
Oct 6, 2026$86.28
Oct 7, 2026$83.58
Oct 8, 2026$82.22
Oct 9, 2026$85.75
Oct 12, 2026$85.35
Oct 13, 2026$84.40
Oct 14, 2026$80.82
Oct 15, 2026$80.83
Oct 16, 2026$79.98
Oct 19, 2026$79.69
Oct 20, 2026$79.15
Oct 21, 2026$78.02
Oct 22, 2026$73.13
Oct 23, 2026$73.09
Oct 26, 2026$73.81

Weekly net flows, 3M

Net inflow over the range: +$21M

  • Inflow / above zero
  • Outflow / below zero
May 20May 27Jun 3Jun 10Jun 17Jun 24Jul 1Jul 8Jul 15−$185.3MJul 22Jul 29Aug 5Aug 12+$66.7MAug 19May 20Jun 3Jun 17Jul 1Jul 15−$185.3MJul 29+$66.7MAug 19May 20Jun 17Jul 15−$185.3M+$66.7MAug 19
Source: Daily creation and redemption records
Show as table
LabelValue ($)
May 20$68.4M
May 27$29.6M
Jun 3$52.5M
Jun 10$116.7M
Jun 17−$57.3K
Jun 24−$18.3M
Jul 1$5.1M
Jul 8$360.4K
Jul 15−$171M
Jul 22−$185.3M
Jul 29−$6.6M
Aug 5$46M
Aug 12$16.5M
Aug 19$66.7M
The desk’s read

Recent fund-flow records are unavailable, while the price has returned +2.8% so far this year. At 0.65% a year it is not the cheapest way in — GDX has a reported fee of 0.51%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$2.3Bassets under management
0.65%expense ratio · $65 per $10,000 a year
—net flow, trailing month
2.4Mavg daily volume, 30 days
40holdings · US-domiciled
2010listed April 19, 2010 · beta 2.37
The book at a glance
BHP+1.6%SCCO+0.5%HBM+0.8%FCX-0.0%ERO+4.2%TGB+2.5%ANTO4.8%ATYM0.9%FM4.6%GLEN4.9%IVN3.4%KGH4.8%LUN4.0%NDA2.5%NGEX1.2%SFR3.9%TECK.B5.7%120812581.3%20993.4%28994.1%3582.3%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS THE CHANGE IN THE LATEST AVAILABLE SNAPSHOT · TOP 40 POSITIONS

Holdings
#HoldingWeightPriceDay52-wk
1BHPBHP GROUP5.21%$79.13+1.6%
2SCCOSOUTHERN COPPER5.46%$186.01+0.5%
3HBMHUDBAY MINERALS5.62%$22.16+0.8%
4FCXFREEPORT-MCMORAN5.17%$65.16-0.0%
5EROERO COPPER1.97%$31.21+4.2%
6TGBTASEKO MINES1.67%$7.65+2.5%
7OMOUTSET MEDICAL0.39%$4.08-0.5%
8SLSSELLAS LIFE SCIENCES GROUP0.34%$11.34-1.7%
9IEIVANHOE ELECTRIC0.61%$7.70-2.0%
10CNLCOLLECTIVE MINING LTD0.30%$10.78+4.0%
11ALSALTIUS MINERALS1.12%———
12AMAKAL MASANE AL KOB0.50%———
13ANTOJH MULTIFACTOR DEV INTL ETF4.75%———
14ARGArgan SA0.43%———
15ATYMATALAYA MINING COPPER SA0.90%———

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Sector weights

  • Materials96.97%
  • Basic Materials96.8%
  • Non-Energy Minerals88.01%
  • Other40.44%
  • Energy Minerals4.38%
  • Distribution Services3.91%
  • Producer Manufacturing3.66%
  • Industrials3.2%
Source: Portfolio composition, latest disclosure
Show as table
ItemValue (%)
Materials96.97%
Basic Materials96.8%
Non-Energy Minerals88.01%
Other40.44%
Energy Minerals4.38%
Distribution Services3.91%
Producer Manufacturing3.66%
Industrials3.2%

Country weights

  • Canada37.8%
  • China10.37%
  • United States10.01%
  • Australia9.24%
  • Japan7.14%
  • United Kingdom5.41%
  • Mexico5.16%
  • Poland5.03%
Source: Portfolio composition, latest disclosure
Show as table
ItemValue (%)
Canada37.8%
China10.37%
United States10.01%
Australia9.24%
Japan7.14%
United Kingdom5.41%
Mexico5.16%
Poland5.03%
Performance
1 week-6.7%
1 month-14.9%
3 months-5.0%
6 months-10.4%
YTD+2.8%
1 year—
3 years—

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week—
1 month—
3 months—
YTD—
1 year—

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows

  • Inflow / above zero
  • Outflow / below zero
+$6.3KOct−$38.4MNov+$56.6MDec−$49.3MJan−$39.7MFeb+$255.4MMar+$229MApr+$210.6MMay+$150.8MJun−$357.6MJul+$129.4MAugOctNovDecJanFebMarAprMayJun−$357.6MJul+$129.4MAugOctDecFebAprJun−$357.6M+$129.4MAug
Source: Daily creation/redemption records, trailing twelve months
Show as table
LabelValue ($)
Oct$6.3K
Nov−$38.4M
Dec$56.6M
Jan−$49.3M
Feb−$39.7M
Mar$255.4M
Apr$229M
May$210.6M
Jun$150.8M
Jul−$357.6M
Aug$129.4M
The risk read
36%realized volatility, 30 days (annualized)
48%realized volatility, 1 year
-27.8%deepest fall from a peak, 1 year
-23.5%latest close versus that peak

The top holding is 5.7% of the book; the top ten carry 51%. Spread across 42+ names, it behaves like roughly 25 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
6Kcalls · latest snapshot
1Kputs · latest snapshot
0.22put/call ratio
1.7Mshares traded
Most-traded holdings, options premiumBullishBearish
BHP BHP GROUP$214,387$19M
FCX FREEPORT-MCMORAN$5M$4M
SLS SELLAS LIFE SCIENCES GROUP$968,877$2M
SCCO SOUTHERN COPPER$90,497$173,239
ERO ERO COPPER$53,138$65,067

TODAY’S OPTIONS PREMIUM IN THE FUND’S UNDERLYING NAMES

The case against COPX

Due diligence cuts both ways. These funds sit on the same shelf and beat COPX on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
SPDW SPDR Portfolio Developed World ex-US ETF0.03%$40.7B+$609M-62bp on fee · 18× the assets · +$609M in over the monthHead-to-head
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF0.03%$18.4B+$199M-62bp on fee · 8× the assets · +$199M in over the monthHead-to-head
IDEV iShares Core MSCI International Developed Markets ETF0.04%$32.4B+$497M-61bp on fee · 14× the assets · +$497M in over the monthHead-to-head
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF0.04%$23.7B+$51M-61bp on fee · 11× the assets · +$51M in over the monthHead-to-head
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF0.04%$18.6B+$412M-61bp on fee · 8× the assets · +$412M in over the monthHead-to-head
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