# Copper ETFs: 6 funds, largest first

> ETFIQ covers 6 copper ETFs. The largest are COPX ($7.1bn), ICOP ($464m) and COPP ($275m); fees run 0.35% to 0.75%, as of Oct 8, 2026.

Data as of Oct 9, 2026. Rebuilt every trading night.

Data as of Oct 9, 2026 .

## Copper ETFs: what each one holds

Funds that hold copper miners, the metal every wire, motor and data centre needs. 6 funds, largest first, measured by holdings rather than by name. The typical fund carries 10% of its weight in S&P 500 names, which is the 46th most of the 53 themes here with filed books.

6 US listed copper ETFs

$7.1bn The largest, COPX

0.35% The cheapest, COPA

+43.2% Best one year, ICOP

### The short answers

Least like the S&P 500 COPJ , Sprott Junior Copper Miners ETF, 0.0% of its weight in S&P 500 companies. Closest pair COPA and COPX , 50% of their weight in the same companies.

### What these funds actually own

Between them the 6 funds' ten largest holdings name 43 companies, of which 9 appear in more than one. FREEPORT-MCMORAN INC is among the ten largest of 5 of them, at an average of 11.1% of the fund.

| Company | Among the ten largest of | Average weight where it is | Largest, and in which fund |
| --- | --- | --- | --- |
| FREEPORT-MCMORAN INC FCX | 5 of 6 | 11.1% | 24.7% in COPP |
| SOUTHERN COPPER CORP SCCO | 4 of 6 | 5.0% | 5.4% in COPX |
| ANTOFAGASTA PLC ANTO | 3 of 6 | 5.2% | 8.1% in COPP |
| LUNDIN MINING LUN | 3 of 6 | 4.1% | 4.6% in COPP |
| FIRST QUANTUM MINERALS FM | 3 of 6 | 3.9% | 4.2% in COPP |
| Teck Resources Ltd. TECK | 2 of 6 | 8.6% | 10.4% in COPP |
| BHP GROUP LTD BHP | 2 of 6 | 6.0% | 8.0% in ICOP |
| ANGLO AMERICAN PLC AAL | 2 of 6 | 6.0% | 8.4% in ICOP |
| Hudbay Minerals Inc. HBM | 2 of 6 | 4.7% | 5.1% in COPP |
| Anglo American Plc | 1 of 6 | 8.6% | 8.6% in EMET |
| GRUPO MEXICO B | 1 of 6 | 8.4% | 8.4% in ICOP |
| Grupo Mexico Sab De Cv | 1 of 6 | 7.6% | 7.6% in EMET |
| TECK RESOURCES SUBORDINATE VOTING TECK.B | 1 of 6 | 5.8% | 5.8% in ICOP |
| HUDBAY MINERALS INC | 1 of 6 | 5.6% | 5.6% in COPX |
| TECK RESOURCES LTD-CLS B | 1 of 6 | 5.5% | 5.5% in COPX |

The 15 most widely held of 43. Each fund files its whole book and this counts the ten largest out of it, so a fund missing from a row may still hold that company below its own tenth position. Weights are of the funds that name it, never of the theme.

### The 6 largest copper ETFs

ETFIQ covers 6 copper ETFs. The largest are COPX ( $7.1bn ), ICOP ( $464m ) and COPP ( $275m ); fees run 0.35% to 0.75% , as of Oct 8, 2026 .

- COPX Global X Copper Miners ETF $7.1bn 0.65%

- ICOP iShares Copper and Metals Mining ETF $464m 0.47%

- COPP Sprott Copper Miners ETF $275m 0.66%

- COPJ Sprott Junior Copper Miners ETF $157m 0.75%

- EMET VanEck Copper and Electrification Metals ETF $34m 0.62%

- COPA Themes Copper Miners ETF $13m 0.35%

| Ticker | Fund | Issuer | Net assets | In the S&P 500 | Active share | Total return 1Y | vs S&P 500 | Fee |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| COPX | Global X Copper Miners ETF | Global X | $7.1bn | 5.2% | 99.9% | +37.6% | +20.3 pts | 0.65% |
| ICOP | iShares Copper and Metals Mining ETF | iShares | $464m | 13.4% | 99.7% | +43.2% | +25.9 pts | 0.47% |
| COPP | Sprott Copper Miners ETF | Sprott | $275m | 24.7% | 99.9% | +43.0% | +25.8 pts | 0.66% |
| COPJ | Sprott Junior Copper Miners ETF | Sprott | $157m | 0.0% | 100.0% | +35.9% | +18.7 pts | 0.75% |
| EMET | VanEck Copper and Electrification Metals ETF | VanEck | $34m | 10.8% | 99.8% | +27.4% | +10.1 pts | 0.62% |
| COPA | Themes Copper Miners ETF | Themes | $13m | 8.5% | 99.9% | +41.2% | +23.9 pts | 0.35% |

### How much of each pair is the same fund

The closest pair is COPA and COPX , which hold 50% of their weight in the same companies. The furthest apart is COPJ and EMET at 1%. The middle pair of the 15 is 40%.

| | COPX | ICOP | COPP | COPJ | EMET | COPA |
| --- | --- | --- | --- | --- | --- | --- |
| COPX | · | 31% | 48% | 7% | 40% | 50% |
| ICOP | 31% | · | 44% | 4% | 35% | 46% |
| COPP | 48% | 44% | · | 13% | 44% | 45% |
| COPJ | 7% | 4% | 13% | · | 1% | 17% |
| EMET | 40% | 35% | 44% | 1% | · | 42% |
| COPA | 50% | 46% | 45% | 17% | 42% | · |

Weight overlap is the sum, over every company both funds hold, of the smaller of the two weights. Funds whose published book is cut short are left out rather than compared short, which would read as two funds being more different than they are.

### What each fund holds alone

| Fund | Largest holding it alone has | Weight | All of its own names |
| --- | --- | --- | --- |
| COPX | TECK RESOURCES LTD-CLS B | 5.5% | 23.3% |
| ICOP | GRUPO MEXICO B | 8.4% | 34.6% |
| COPP | Sprott Physical Copper Trust | 5.2% | 6.7% |
| COPJ | Cascadia Minerals Ltd. CAM | 0.4% | 1.9% |
| EMET | Grupo Mexico Sab De Cv | 7.6% | 37.5% |
| COPA | Jiujiang Defu Technology Co Lt 301511 | 3.8% | 17.9% |

### Questions people ask

How many copper ETFs are there? ETFIQ covers 6 US listed copper ETFs as of Oct 9, 2026. That is every one it can measure from the fund’s own published holdings. What is the largest copper ETF? COPX , Global X Copper Miners ETF, at $7.1bn in net assets, the largest of the 6 copper ETFs with a published size as of Oct 9, 2026. What is the cheapest copper ETF? COPA , Themes Copper Miners ETF, at 0.35% a year, the lowest fee of the 6 copper ETFs that publish one. Which copper ETF has performed best over the past year? ICOP , iShares Copper and Metals Mining ETF, at +43.2% total return over the year to Oct 9, 2026, the highest of the 6 copper ETFs with a full year of trading behind them. Past returns do not predict future ones. What do copper ETFs hold? Funds that hold copper miners, the metal every wire, motor and data centre needs. Between them the 6 copper ETFs ETFIQ can read name 43 companies in their ten largest holdings, most widely FREEPORT-MCMORAN INC, which is among the ten largest of 5 of them. Do copper ETFs hold the same companies? It depends which two. Across the 15 pairs of the 6 copper ETFs with a full published book, COPA and COPX hold 50% of their weight in the same companies, COPJ and EMET hold 1%, and the middle pair holds 40%. Two funds sold on one theme are not the same fund.

### What the issuers say about this theme

The houses behind these copper funds publish their own work on the subject. These are their pages and their words, not ETFIQ’s, and a fund company writing about a theme it sells a fund on is making a case. Read them that way.

| Issuer | What they publish | Kind |
| --- | --- | --- |
| Global X | Global X Insights, including The Next Big Theme | Their research index |
| iShares | iShares Portfolio Insights | Their research index |
| Sprott | Sprott Insights on metals and mining | Their research index |
| VanEck | VanEck Insights | Their research index |
| Themes | Themes ETFs research insights | Their research index |

### Where to next

### Where these figures came from

ETFIQ links to the documents behind every figure; a link is not an endorsement.

ETFIQ is an independent publisher and makes no recommendations; every figure is calculated from published data. Standards and sources

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, Copper ETFs: what each one holds, data as of Oct 9, 2026. https://etfiq.com/themes/copper
Licence: https://etfiq.com/license/ Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
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