COPX ETF Surpasses Copper Futures with 59% Gain

The Global X Copper Miners ETF (COPX) rose 59.22% in value over the past year, outperforming copper futures on the COMEX exchange by 17.1 percentage points.

COPX holds shares of about 40 copper mining companies and its top ten stocks account for only 49.52% of the ETF, with each weight falling within a narrow range of 4.21% to 5.63%.

The fund's holdings are spread across large and mid-sized copper miners, which provides a unique structure that cuts both ways - on the one hand, no single company can drag down the entire ETF, but on the other hand, a highly successful miner cannot lift the whole ETF either.