- ISIN
- US37954Y8306
- CUSIP
- 37954Y830
- Issuer
- Global X
- Inception Date
- Apr 19, 2010
- Region
- Global (Broad)
- Category
- Copper
- Leveraged
- 1x (No leverage)
- Index Tracked
- Solactive Global Copper Miners Total Return Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $7B
Highlights
- Avg. Volume (1M)
- 3M
- Avg. Volume Value (1M)
- $197.23M
Share Price Chart
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Performance
COPX Performance Chart
Global X Copper Miners ETF (COPX) is up 10.2% since the beginning of the year. COPX is currently trading at $79 per share. Investors who bought $1,000 worth of COPX shares 5 years ago would now be looking at an investment worth $2,341.
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Returns By Period
Global X Copper Miners ETF (COPX) has returned 10.22% so far this year and 89.44% over the past 12 months. Looking at the last ten years, COPX has achieved an annualized return of 18.83%, outperforming the S&P 500 Index benchmark, which averaged 13.26% per year.
Global X Copper Miners ETF
- 1D
- -0.81%
- 1M
- 2.88%
- 6M
- -6.70%
- YTD
- 10.22%
- 1Y
- 89.44%
- 3Y*
- 27.01%
- 5Y*
- 18.54%
- 10Y*
- 18.83%
- ALL TIME*
- 5.76%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
COPX Monthly Returns History
Based on dividend-adjusted daily data since Apr 20, 2010, COPX's average daily return is +0.05%, while the average monthly return is +1.05%. At this rate, an investment would double in approximately 5.5 years.
Historically, 52% of months were positive and 48% were negative. The best month was Oct 2011 with a return of +27.8%, while the worst month was Sep 2011 at -32.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, COPX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +15.2%, while the worst single day was Mar 16, 2020 at -17.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 18.14% | 12.84% | -20.22% | 4.27% | 10.71% | -12.38% | 2.46% | 10.22% | |||||
| 2025 | 0.00% | 0.10% | 2.22% | -3.22% | 8.70% | 10.09% | -4.33% | 15.70% | 20.08% | 3.26% | 4.11% | 14.27% | 93.50% |
| 2024 | -3.49% | -0.58% | 17.93% | 7.87% | 5.29% | -6.07% | -3.04% | -0.91% | 9.07% | -7.57% | -2.43% | -9.21% | 3.57% |
| 2023 | 16.54% | -8.28% | 2.22% | 2.01% | -12.38% | 10.30% | 10.89% | -9.32% | -3.83% | -9.78% | 4.66% | 10.18% | 8.38% |
| 2022 | 1.35% | 13.87% | 6.83% | -12.02% | -1.25% | -21.44% | 0.36% | -2.10% | -5.33% | 1.45% | 26.23% | -1.01% | -0.76% |
| 2021 | -2.17% | 24.51% | -3.84% | 10.97% | 4.51% | -9.53% | 1.88% | -2.46% | -7.37% | 9.12% | -4.85% | 5.03% | 23.39% |
Benchmark Metrics
Global X Copper Miners ETF has an annualized alpha of -5.04%, beta of 1.35, and R2 of 0.42 versus S&P 500 Index. Calculated based on daily prices since April 20, 2010.
- This ETF participated in 156.74% of S&P 500 Index downside but only 131.30% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.42 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -5.04%
- Beta
- 1.35
- R²
- 0.42
- Upside Capture
- 131.30%
- Downside Capture
- 156.74%
Expense Ratio
COPX has an expense ratio of 0.65%, placing it in the medium range.
Return for Risk
Risk / Return Rank
COPX ranks 75 for risk / return — above 75% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Global X Copper Miners ETF (COPX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| COPX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.18 | 2.00 | +1.18 |
| Martin ratioReturn relative to average drawdown | 7.96 | 8.49 | -0.53 |
Dividends
Dividend History
Global X Copper Miners ETF provided a 2.45% dividend yield over the last twelve months, with an annual payout of $1.93 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.93 | $1.92 | $0.69 | $0.90 | $1.11 | $0.55 | $0.39 | $0.28 | $0.47 | $0.43 | $0.12 | $0.14 |
Dividend yield | 2.45% | 2.68% | 1.80% | 2.39% | 3.14% | 1.48% | 1.30% | 1.37% | 2.59% | 1.57% | 0.60% | 1.20% |
Monthly Dividends
The table displays the monthly dividend distributions for Global X Copper Miners ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.00 | $0.26 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.67 | $1.92 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.53 | $0.69 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.90 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.72 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $1.11 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.55 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Global X Copper Miners ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Global X Copper Miners ETF was 83.16%, occurring on Jan 20, 2016. Recovery took 2068 trading sessions.
The current Global X Copper Miners ETF drawdown is 17.32%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-83.16%Jan 2016 | 4y 9mo | 8y 2mo | 13y 6dApr 2011 - Apr 2024 | — |
-39.72%Apr 2025 | 10mo 22d | 5mo 5d | 1y 3moMay 2024 - Sep 2025 | 2025 selloff2025 |
-30.30%Jul 2010 | 2mo 12d | 2mo 25d | 5mo 7dApr 2010 - Sep 2010 | — |
-27.82%Mar 2026 | 18d | — | 5mo 4dMar 2026 - now | — |
-15.82%Mar 2011 | 1mo 6d | 20d | 1mo 26dFeb 2011 - Apr 2011 | — |
Drawdown Indicators
| COPX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.16% | -56.78% | -26.38% |
Max Drawdown (1Y)Largest decline over 1 year | -27.82% | -9.10% | -18.72% |
Max Drawdown (3Y)Largest decline over 3 years | -39.72% | -18.90% | -20.82% |
Max Drawdown (5Y)Largest decline over 5 years | -42.12% | -25.43% | -16.69% |
Max Drawdown (10Y)Largest decline over 10 years | -65.41% | -33.92% | -31.49% |
Current DrawdownCurrent decline from peak | -17.32% | -1.58% | -15.74% |
Average DrawdownAverage peak-to-trough decline | -39.11% | -10.70% | -28.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.11% | 2.14% | +8.97% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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