Global X
COPX
IE0003Z9E2Y3
Copper Miners UCITS ETF
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About this ETF

The Global X Copper Miners UCITS ETF USD Accumulating seeks to track the Solactive Global Copper Miners index. The Solactive Global Copper Miners index tracks companies worldwide that are engaged in the exploration, mining and/or refining of copper.

TER
0.55%

Total Expense Ratio per year

Fund Size
€1.19B

Assets under management

Holdings
40

Underlying equities

Dividend Yield
2.27%

Accumulating

Fundamentals & Estimates

Weighted valuation multiples and analyst forecasts

Valuation Multiples
Weighted P/E
15.78
Weighted Fwd P/E
18.4
💰 Revenue Estimates
Current Year CY
+31.9% ⌀ 12 Analysts Coverage
Next Year NY
+9.1% ⌀ 12 Analysts Coverage
📈 EPS Estimates (Earnings Per Share)
Current Year CY
+211.69% ⌀ 10 Analysts Coverage
Next Year NY
+56.52% ⌀ 11 Analysts Coverage

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ETF Profile
Provider
Global X
 Global X
Fund Type
ETF
Type
Passive
Inception Date
11/22/2021 (4 yrs)
Index Group
Solactive Global Copper Miners
Index
Solactive Global Copper Miners
Region
World
Country
-
Sector
Basic Materials
Strategy
-
Theme
-
Distribution Policy
Accumulating
Replication
Full replication
Sustainable
No

🛡️ Risk & Structural Analysis

Multi-Factor Risk Model & Market Data

7/7 Very High
18/100 Low (Concentration Risk)
Diversification Score
18/100 Low (Concentration Risk)
5Y Volatility
37.5% p.a.
Max Drawdown (5Y)
-43.4%
Sharpe Ratio (5Y)
0.42
Beta Factor
1.52
Notes & Warnings
Fund Volume (AUM) 🟢 Established large fund (> 500M € AUM)
🟡 Moderate analyst coverage (10.4 analysts)
⚠️ Elevated top 10 holdings concentration: 49% of fund in top 10 positions.
🔴 Severe sector concentration risk: 97% in "Basic Materials".
🔴 Extreme industry concentration: 58% in "Copper".
🔴 High Commodity Concentration: 100% of fund depends directly on volatile energy and raw material markets.
🔴 Dominant Cyclicality: 100% in cyclical industries – higher drawdown risk in recessions.
🔴 Structurally High Volatility: Above-average fluctuations persist across 5 to 10 years (37.5% p.a.).
⚠️ Historical Stress Test: Maximum peak-to-trough drawdown of -43.4% in the extended horizon.
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