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Matt DiLallo has positions in BHP Group. The Motley Fool recommends BHP Group. The Motley Fool has a disclosure policy.
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Copper exchange-traded funds (ETFs) offer a simple way to invest in one of the world’s most important industrial metals. These funds typically hold shares of copper mining companies or track copper prices through futures contracts, giving investors broad exposure without having to pick individual stocks.
Copper’s role in the global economy is only growing. It’s a top-tier conductor of electricity and a critical input for power grids, wind energy, data centers, electric vehicles, and other technologies tied to electrification and emissions reduction. As more of the economy shifts toward electricity, demand for copper will rise.
For investors looking to tap into that trend with diversification built in, copper-focused ETFs can be an accessible option.
Investing in copper ETFs has its benefits and drawbacks.
Most forecasters expect copper demand to rise over the coming decade. Under Wood Mackenzie’s base-case scenario, global copper demand could increase 24% by 2035, driven by economic growth and the accelerating shift toward electrification.
If that demand materializes, copper prices should rise, supporting both mining company profits and copper-focused ETFs over the long run. That makes them a compelling, though still potentially volatile, way to gain exposure to this critical metal. So, if you want upside to copper-driven growth and don't want to try to pick the best individual copper mining stock to capitalize on this trend, you should consider investing in a copper ETF.
A few ETFs provide investors with direct exposure to the copper market. Here are three top copper-focused ETFs to consider:


| Name and ticker | Current price |
|---|---|
| Global X Funds - Global X Copper Miners ETF (NYSEMKT:COPX) | $76.97 |
| United States Commodity Index Funds Trust - United States Copper Index Fund (NYSEMKT:CPER) | $37.73 |
| iShares Trust - iShares Copper And Metals Mining ETF (NASDAQ:ICOP) | $49.23 |
The United States Copper Index (CPER +1.34%) is an ETF that invests in copper futures contracts. The ETF's objective is to reflect the return of its benchmark copper futures index, minus expenses. The ETF held over $800 million in copper futures contracts, and an equal amount of cash and equivalents serving as collateral in June 2026.
The ETF has a rather high expense ratio of 1.06%; it incurs costs to roll its futures contracts forward at expiration. The expenses have caused the fund to underperform its benchmark and the price of copper over the long term.
However, the United States Copper Index ETF isn't supposed to be a long-term holding. It aims to match the daily returns of its index. The ETF's best use is for making a short-term trade on the belief that copper's price will make a significant near-term move driven by a specific catalyst.
The Global X Copper Miners ETF (COPX +1.62%) provides investors with access to a range of copper mining companies. The ETF had $8 billion in assets under management (AUM) and held 41 copper stocks in June 2026, led by the following five:
The ETF gives investors targeted exposure to the entire copper mining industry. It allows investors to hold a broad basket of copper mining stocks for a modest ETF expense ratio of 0.65%.
One drawback to investing in copper mining stocks is that they can underperform copper prices due to cost overruns, mismanagement, or other issues. Many also produce other metals such as iron ore, aluminum, and gold, which can dilute the impact of higher copper prices.
However, copper mining stocks can also potentially outperform copper if they can expand production amid rising copper prices. They also offer the potential to collect dividend income.
The iShares Copper and Metals Mining ETF (ICOP +1.05%) aims to provide investors with exposure to global copper and metal ore miners that should benefit from rising demand for the metal.
The copper ETF had $473 million in AUM and held 45 mining companies in June 2026, led by:
The iShares Copper and Metals Mining ETF had an expense ratio of 0.47%.
Here are step-by-step instructions on how to invest in copper ETFs: