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Global X Copper Miners (COPX)Overvalued or undervalued?
Look-through valuation · Global · Expense ratio 0.65 % · ISIN US37954Y8306
Price history (since 2010)
Monthly close since 2010. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| HudBay Minerals Inc HBM | 5.8 % | n/a | n/a |
| Teck Resources Limited TECK-B | 5.6 % | n/a | n/a |
| Southern Copper Corporation SCCO | 5.3 % | −24.1 % | 79 |
| BHP Group Ltd BHP | 5.1 % | n/a | n/a |
| Freeport-McMoran Copper & Gold Inc FCX | 5.1 % | −77.3 % | 53 |
| First Quantum Minerals Ltd FM | 4.8 % | −48.2 % | 40 |
| Antofagasta PLC ANTO | 4.8 % | −50.5 % | 61 |
| Glencore PLC GLEN | 4.7 % | −66.4 % | 54 |
| KGHM Polska Miedz S.A. KGH | 4.7 % | −52.8 % | 58 |
| Sumitomo Metal Mining Co. Ltd. 5713 | 4.2 % | n/a | n/a |
| Boliden AB BOL | 4.2 % | −12.9 % | 51 |
| Zijin Mining Group Co Ltd-H 2899 | 4.0 % | n/a | n/a |
| Lundin Mining Corporation LUN | 3.9 % | +11.6 % | 62 |
| Sandfire Resources Ltd SFR | 3.8 % | +15.3 % | 69 |
| Capstone Mining Corp CS | 3.6 % | −26.5 % | 55 |
| Ivanhoe Mines Ltd. IVN | 3.6 % | −59.8 % | 38 |
| China Gold International Resources 2099 | 3.5 % | n/a | n/a |
| Aurubis AG NDA | 2.4 % | −29.6 % | 56 |
| MMG Ltd 1208 | 2.3 % | +11.4 % | 50 |
| Jiangxi Copper 0358 | 2.3 % | −6.6 % | 51 |
| Mitsubishi Materials Corp. 5711 | 2.1 % | n/a | n/a |
| Ero Copper Corp ERO | 2.0 % | n/a | n/a |
| Taseko Mines Ltd TGB | 1.7 % | −88.6 % | 19 |
| China Nonferrous Mining Corp Ltd 1258 | 1.4 % | −7.9 % | 67 |
| NGEx Minerals Ltd. 2XM0 | 1.3 % | n/a | n/a |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 38 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 CHIU Global X MSCI China Utilities ETF +76.9 % below FV
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- 3 ITB iShares U.S. Home Construction ETF +37.1 % below FV
- 4 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +32.2 % below FV
- 5 VOX Vanguard Communication Services Index Fund ETF Shares +21.5 % below FV
- 6 XLC Communication Services Select Sector SPDR® Fund +20.6 % below FV
- 7 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +19.1 % below FV
- 8 FDNI First Trust Dow Jones International Internet ETF +15.2 % below FV
- 9 SHRY First Trust Bloomberg Shareholder Yield ETF +14.6 % below FV
- 10 TAN Invesco Solar ETF +14.5 % below FV
Frequently asked about COPX
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What is the fair value of COPX?
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How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Global X Copper Miners ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Oct 15, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.