Which is more different from the S&P 500, COPX or GUNR?

COPX has 5% of its weight in S&P 500 names and GUNR has 27%, so COPX differs more from the index.

Which is cheaper, COPX or GUNR?

COPX charges 0.65% a year and GUNR charges 0.46%, so GUNR is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

COPX vs GUNR: Holdings Overlap & Returns

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GUNR holds 27.1% of its weight in S&P 500 companies and COPX 4.8%.

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Net assets: $7.3bn on Oct 12, 2026 for Global X Copper Miners ETF, and $7.2bn on Jul 31, 2026 for Northern Trust Morningstar Global Upstream Natural Resources ETF.

COPX on its own →GUNR on its own →

At a glance

4.8%

COPX in the S&P 500

27.1%

GUNR in the S&P 500

+32.1%

COPX total return, 1 year

+26.8%

GUNR total return, 1 year

COPX · 1 year to Nov 4, 2026 95% of its weight is outside the S&P 500

5% of COPX's weight is in S&P 500 companies and 95% is outside the index. Holdings as of Jul 31, 2026.

GUNR · 1 year to Nov 4, 2026 73% of its weight is outside the S&P 500

27% of GUNR's weight is in S&P 500 companies and 73% is outside the index. Holdings as of Jul 31, 2026.

Pair scorecard

GUNR costs 0.19 points a year less; their one-year returns differ by 5.3 points.

Points (pts) are percentage points.

COPX vs GUNR: Holdings Overlap & Returns
Measure	COPX	GUNR
Return
Measure	COPX	GUNR
Total return, 1 year	+32.1%	+26.8%
Drawdown
Measure	COPX	GUNR
Below its all-time high	22.7%, high on Aug 27, 2026	7.5%, high on Sep 9, 2026
Against its benchmark
Measure	COPX	GUNR
What it tracks	Copper	Natural resources
Its benchmark, total return, 1 year	+15.0%
Against its benchmark, 1 year	ahead by 17.1 pts
Cost and size
Measure	COPX	GUNR
Expense ratio	0.65%	0.46%
Net assets, COPX as of Oct 12, 2026 and GUNR as of Jul 31, 2026	$7.3bn	$7.2bn
Holdings
Measure	COPX	GUNR
Holdings in common	not published

Method

Window by window

Window by window: COPX vs GUNR: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	COPX	GUNR	COPX	GUNR
3 months	−14.0%	+1.3%	−12.7 pts vs ACWI	not measured
6 months	−10.5%	−2.5%	−13.1 pts vs ACWI	not measured
1 year	+32.1%	+26.8%	+17.1 pts vs ACWI	not measured
3 years	+132.4%	+45.4%	+54.8 pts vs ACWI	not measured
Since launchNot the same days: COPX Apr 2010 · GUNR Sep 2011	+139.4%	+149.3%	−253.5 pts vs ACWI	not measured

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Side by side

COPX Global X Copper Miners ETF · Holds 40 stocks in copper, 5% of its weight in S&P 500 companies GUNR Northern Trust Morningstar Global Upstream Natural Resources ETF · Holds 135 stocks in natural resources, 27% of its weight in S&P 500 companies

Issuer Global X Northern Trust

Theme Copper Natural resources

In the S&P 500 4.8% 27.1%

Active share vs the S&P 500 99.9% 98.3%

In the Nasdaq-100 0.0% 0.4%

Holdings 40 135

Top ten, share of the fund 50.3% 36.6%

Expense ratio 0.65% 0.46%

Fee for the differing part 0.65% 0.47%

Total return, 1 year +32.1% +26.8%

vs its benchmark +17.1 pts vs ACWI not measured

Below its high −22.7% −7.5%

Net assets, COPX as of Oct 12, 2026 and GUNR as of Jul 31, 2026 $7.3bn $7.2bn

As of Nov 4, 2026. Source: ETFIQ.

Client brief:

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About each fund

COPX

By weight, 5% of COPX's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 50% of the fund across 40 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +32.1% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 17.1 pts. It sits 22.7% below its all-time high of Aug 27, 2026.

GUNR

By weight, 27% of GUNR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 37% of the fund across 135 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +26.8% with distributions reinvested. It sits 7.5% below its all-time high of Sep 9, 2026.

Questions people ask

Which is more different from the S&P 500, COPX or GUNR?: COPX has 5% of its weight in S&P 500 names and GUNR has 27%, so COPX differs more from the index.
Which is cheaper, COPX or GUNR?: COPX charges 0.65% a year and GUNR charges 0.46%, so GUNR is cheaper. Fees come from each fund's prospectus.

Other comparisons

COPX vs GNR COPX vs IGF COPX vs ARKG COPX vs SMH GUNR vs IFRA GUNR vs XME GUNR vs NLR GUNR vs SMH

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →COPX on its own →GUNR on its own →COPX dividend history →COPX holdings →GUNR dividend history →Method →Standards and sources →

Sources and dates

COPX filings on SEC EDGAR ↗

COPX prospectus with the expense ratio (SEC) ↗

Global X page for COPX ↗

GUNR filings on SEC EDGAR ↗

GUNR prospectus with the expense ratio (SEC) ↗

Northern Trust website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Every number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, COPX against GUNR, data as of Nov 4, 2026. https://etfiq.com/compare/themes/copx-vs-gunr

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