Copper consumption could reach 42M metric tonnes by 2040, up from 28M in 2025. However, supply may not keep up with demand, which could present opportunities for miners.1
Copper is an essential input in electric vehicles, renewable energy storage, and other forms of next-generation infrastructure that we expect to gain popularity.
In a single trade, COPX delivers efficient access to a basket of companies involved in the mining of copper.
1S&P Global Energy & Market Intelligence. "Copper in the Age of AI: Challenges of Electrification". January 2026.
| NAV | $89.86 | Daily Change | $2.00 | 2.28% |
| Market Price | $89.93 | Daily Change | $1.65 | 1.87% |
| Fund NAV | Market Price | Index | |
|---|---|---|---|
| 1 Year | 76.50% | 75.59% | 78.10% |
| 3 Years | 29.68% | 29.45% | 30.52% |
| 5 Years | 18.37% | 18.43% | 19.04% |
| 10 Years | 19.86% | 19.82% | 20.58% |
| Since Inception | 5.85% | 5.86% | 6.37% |
| Net Assets (%) | Ticker | Name | SEDOL | Shares Held | Market Value |
|---|---|---|---|---|---|
| Sector | Weight (%) | |
|---|---|---|
| Materials | 97.0 | |
| Industrials | 3.1 |
Source: AltaVista Research, LLC
All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.
| Return on Equity | 11.20% | |
| Weighted Avg. Market Cap | 36,626 M | |
| 2025 | 2026 | |
| Price-to-earnings | 31.76 | 20.53 |
| Price-to-book value | 2.40 | 2.22 |
Source: AltaVista Research, LLC
| VERSUS | BETA |
|---|---|
| S&P 500 | 2.29 |
| NASDAQ-100 | 1.53 |
| MSCI EAFE | 2.14 |
| MSCI Emg. Mkts | 1.41 |
| Standard Deviation | 29.20% |
Source: AltaVista Research, LLC
* The financial statements include the Fund’s disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.
** The financial statements include the Fund’s disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.
| Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
|---|---|---|---|---|---|---|
| 5.74 | HBM CN | HUDBAY MINERALS INC | B05BDX1 | 28.18 | 16,766,385 | 472,417,625.39 |
| 5.34 | FM CN | FIRST QUANTUM MINERALS LTD | 2347608 | 33.39 | 13,162,291 | 439,443,443.08 |
| 5.32 | BHP AU | BHP GROUP LTD | 6144690 | 46.84 | 9,344,463 | 437,668,073.98 |
| 5.23 | TECK/B CN | TECK RESOURCES LTD-CLS B | 2879327 | 66.31 | 6,482,408 | 429,839,955.77 |
| 4.92 | SCCO | SOUTHERN COPPER CORP | 2823777 | 198.73 | 2,034,629 | 404,341,814.81 |
| 4.81 | GLEN LN | GLENCORE PLC | B4T3BW6 | 7.97 | 49,609,488 | 395,298,766.75 |
| 4.75 | FCX | FREEPORT-MCMORAN INC | 2352118 | 71.22 | 5,490,223 | 391,013,682.06 |
| 4.58 | KGH PW | KGHM POLSKA MIEDZ SA | 5263251 | 89.99 | 4,185,652 | 376,646,368.22 |
| 4.52 | ANTO LN | ANTOFAGASTA PLC | 0045614 | 50.52 | 7,353,357 | 371,507,225.81 |
| 4.41 | 2899 HK | ZIJIN MINING GROUP CO LTD-H | 6725299 | 4.69 | 77,345,035 | 362,510,166.46 |
Holdings are subject to change. "Cash" denotes U.S. dollars.