Opinions Larry Berman CFA, CMT, CTA
Global X Copper Miners ETFCOPXBUY ON WEAKNESSJun 29, 2026
Larry Berman CFA, CMT, CTAStock price when the opinion was issued
As of Jul 01, 2026. Market Open.
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Premium contentWe reiterate COPX as a TOP PICK. With inflation, global energy infrastructure and even AI data center interest copper is growing demand. It holds 47 copper mining companies worldwide, including Canada, Chile and China. It offers a good yield that has seen the dividend grow by 30% annually over the past five years. We recommend maintaining a stop at $68, looking to achieve $97 — upside potential of 18%. Yield 2.3%
Premium contentPremium contentInflation, global energy infrastructure and even AI data center interest make COPX a TOP PICK candidate. It holds 47 copper mining companies worldwide, including Canada, Chile and China. It offers a good yield that has seen the dividend grow by 30% annually over the past five years. We recommend setting a stop-loss at $47, looking to achieve $91 — upside potential of 18%. Yield 2.5%
Tracks the broader copper market. Loved the sector when it was cheap a year ago, but not so much here after it's run up. He'd be cautious at this point.
If the Iran conflict has triggered an economic slowdown, then copper's going back to the low-mid $4 range. A lot of copper stocks will go with it.
The sector is one to buy on dips and trade. Anything commodity-based is more a trader's market than a structural buy-and-hold.
We like COPX if the goal is to add copper mining exposure. ICOP is more diversified into other metals and mining so there will be other exposure that may not be desired. COPX also provides a slightly higher yield while ICOP is a much newer fund.
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Larry Berman CFA, CMT, CTA
Great way to play a basket of copper miners. Electrifying the world is a big part of the future, and copper will be in demand from that and from AI. When it makes new highs and gets silly, you have to be cautious. Otherwise, buy on dips.