Global X Copper Miners ETFCOPXPAST TOP PICKOct 22, 2026Stock price when the opinion was issued
As of Oct 22, 2026. Market Open.
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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Our PAST TOP PICK with COPX has triggered its stop at $75. To remain disciplined, we recommend covering the position at this time. When combined with previous guidance, this will result in a net investment loss of 14%.