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COPG
+8.54 · +21.90%
£47.56 · LSE
Global X Copper Miners UCITS ETF USD Acc GBP | Sector Equity Natural Resources
Global X · Ireland
AUM:£173.8M
#– of – in Sector Equity Natural Resources ETFs
ℹ️
Reward Rating
59
Good
115.77% 1Y return
ℹ️
Risk Rating
74
High
Risk Assessment
ℹ️

Educational tool only – Scores are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

📈 Up 115.8% over the past year, reflecting strong price momentum.

Cost Efficiency

Ongoing charge of 0.55% — moderate cost. Consider how fees compound over long holding periods.

What is COPG?

Global X Copper Miners UCITS ETF USD Acc GBP tracks Morningstar Gbl Upstm Nat Res NR USD, providing diversified exposure across 37 holdings. Its ongoing charge is 0.55%.

Performance Highlights

Investment Breakdown

Strong Recent Performance
COPG delivered 115.8% over the past year. Historical returns only — past performance is not indicative of future results.
Moderate Cost
Ongoing charge of 0.55%. Consider how fees compound over a long holding period.
Concentrated Holdings
Top 10 holdings account for 53.0% of the ETF — significant weight in a small number of names.

Openbook Analysis

Performance: Good (59)

The scoring profile reflects moderate historical performance, with a 115.8% 1-year return (historical). The ongoing charge of 0.55% should be considered against long-term return expectations. Risk indicators are high, reflecting meaningful price sensitivity (historical).

For informational and educational purposes only. Not financial advice. Past performance is not indicative of future results.

ETF Information
AUM£173.8M
Ongoing Charge0.55%
Dividend Yield0.00%
Holdings37
Inception DateNov 2021
DomicileIreland
Distribution–
IndexMorningstar Gbl Upstm Nat Res NR USD
ProviderGlobal X
Beta–
CategorySector Equity Natural Resources
CurrencyGBP
Portfolio Impact

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6168
+7 points · better diversified
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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
+38.5%
1Y
+120.3%
3Y
+148.2%
5Y
+166.1%
OpenBook InsightIf you had invested £10,000 in COPG 5 years ago, it would have grown to £26,607 — a gain of £16,607.

Annual Returns

Calendar year performance

COPG delivered positive returns in 5 of the last 5 calendar years.
YearCOPG
2026 YTD+22.0%
2025+77.0%
2024+4.8%
2023+2.3%
2022+9.9%
CAGR 4yr+20.2%
5/5 positive yearsAvg return: +23.2%Worst year: +2.3% (2023)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: POSITIVE
Trend Strength
100%
Positive
Volatility
42.7%
Very High
Momentum
+2.8%
30-day change
Support Level
45.22
Key floor
Key Insights
  • Price is currently trading above all key moving averages.
  • Price is consolidating, with low momentum over the recent period.
  • Elevated volatility indicates higher short-term price variability and risk.

Reward Rating Breakdown

Our reward rating analyses COPG's attractiveness using 4 weighted factors. Each factor is scored 0-100, then combined using the weights shown below. Past performance does not guarantee future results.

Overall Reward Rating
59
Good REWARD
Data Coverage: %
Factor Framework
Performance
Has the ETF delivered strong historical returns versus similar ETFs?
Cost Efficiency
Is the ETF cheap to own over long periods?
Income
Does it provide attractive and consistent distributions?
Diversification Quality
Does it spread exposure across holdings, sectors, and regions?

📈 Performance

Weight: 30%
63/100

Has the ETF delivered strong historical returns versus similar ETFs? Combines 1/3/5/10-year returns with the Sharpe ratio (risk-adjusted return).

1Y Return
115.77%
Very Good
3Y Return
30.48%
Very Good
5Y Return
0.00%
Weak
10Y Return
0.00%
Weak
Sharpe Ratio
—
No Data

Solid historical performance: 1-year return of 115.77%, 3-year annualised 30.48%, 5-year annualised 0.00%. Past performance is not indicative of future results.

💰 Cost Efficiency

Weight: 30%
73/100

Is the ETF cheap to own over long periods? Low ongoing charges compound into meaningful additional returns over a 10-year horizon.

Ongoing Charge
0.55%
Weak
Net Expense Ratio
0.01%
Very Good
Annual Turnover
0.00%
Very Good
Tracking Difference
—
No Data

Low-cost and efficient structure: ongoing charge of 0.55%, net expense ratio of 0.01%, annual turnover of 0.0%.

💵 Income

Weight: 15%
Not applicable

This is an accumulating ETF. It reinvests distributions inside the fund rather than paying cash to unit-holders, so income metrics don't apply. Reward is scored on the other three factors with the 15% income weight redistributed proportionally.

🌐 Diversification Quality

Weight: 25%
39/100

Does the ETF spread exposure across many holdings, sectors, and regions? Concentrated funds can be doing exactly what they're meant to do — treat the score as context, not a verdict.

Holdings
37
Very Weak
Top 10 Concentration
52.96%
Weak
Top Sector
Basic Materials96.4%
Very Weak
Top Region
North America42.8%
Good

Heavily concentrated — returns will be driven by a narrow slice of the market: 37 holdings, top 10 at 53.0%, Basic Materials sector at 96.4%, North America at 42.8%.

Scores are derived from fund-provider disclosures and historical data. For informational and educational purposes only — not investment advice. Past performance is not indicative of future results.

Risk Rating Breakdown

Our risk rating analyses COPG using 4 weighted factors. A higher score indicates higher risk. This is a framework for understanding exposure — concentrated funds can still be doing exactly what they're meant to do.

Overall Risk Rating
74
High RISK
Data Coverage: 75%
Factor Framework
Holdings Concentration
How much of the fund sits in its largest positions? Few dominant names mean returns ride on those companies.
Market Exposure
Geographic, sector and cyclical dependencies. High single-country or single-sector weight increases macro sensitivity.
Volatility
Historical price movement, beta and drawdowns — how sharply the fund moves relative to the market.
Income Reliability
How dependable the distribution yield is — cyclical-sector dependency and unusually high yields can flag payout risk.

🎯 Holdings Concentration

Weight: 25%
52/100

How much of the fund sits in a small number of positions? If the top holdings dominate, returns will be driven by those specific companies rather than the broader index.

Top 10 Weight
52.96%
Moderate
Largest Holding
6.19%
Moderate
Number of Holdings
37
Elevated
HHI (weight²)
283
Low Risk

Moderate holdings concentration: top 10 holdings at 53.0%, largest single position at 6.19%, 37 total holdings.

🌍 Market Exposure

Weight: 25%
73/100

How dependent is the fund on a single country, sector or economic cycle? Heavy exposure to one market means a single macro event can drive most of the return.

Top Region
North America42.8%
Lower Risk
Top Sector
Basic Materials96.4%
High Risk
Top 2 Sectors
100.00%
High Risk
Cyclical Sectors
100.00%
High Risk

High market-exposure risk — returns closely track a narrow slice of the market: North America at 42.8%, Basic Materials sector at 96.4%, 100.0% in cyclical sectors.

📊 Volatility

Weight: 35%
90/100

How sharply does the fund move day-to-day and how deep have its drawdowns been? High volatility means wider return outcomes over short horizons.

1Y Volatility
41.65%
High Risk
Beta
—
No Data
Max Drawdown
—
No Data

High historical volatility — expect meaningful short-term swings: 1Y volatility of 41.65% (historical).

💵 Income Reliability

Weight: 15%
Not applicable

This is an accumulating ETF. Distributions are reinvested inside the fund, so there's no dividend-reliability risk to assess. The 15% income weight is redistributed to the other three factors.

Scores are derived from fund-provider disclosures and historical data. For informational and educational purposes only — not investment advice. Risk scoring is model-based and past data does not guarantee future results.
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