What is the best way to invest in copper?

The best way to invest in copper is through shares of a copper mining company or an ETF focused on copper stocks, such as the Global X Copper Miners ETF or the iShares Copper and Metals Mining ETF.

Is there a copper commodity ETF?

There is one copper commodity ETF. The United States Copper Index Fund invests in copper futures contracts, providing investors with exposure to copper commodity prices.

What is the dividend on copper ETFs?

The dividend yield on the iShares Copper and Metals Mining ETF was 1.0% (on a 30-day basis) and 1.8% on a trailing-12-month basis in August 2026, while the Global X Copper Miners ETF had a 30-day yield of 0.5%.

How do copper ETFs fit into a diversified portfolio?

Copper ETFs can help diversify a portfolio by providing exposure to the commodity market. Many copper mining companies also produce other metals, which adds to the diversification offered by a copper mining stock ETF.

Is investing in copper ETFs a good idea?

Investing in a copper ETF can be a good idea. Demand for copper could grow significantly in the coming years, driven by renewable energy, electric vehicles, and AI data centers. That should drive up copper prices. It should also enable copper mining companies to grow their production, earnings, and dividends. As a result, copper ETFs could produce attractive total returns in the coming years. However, copper is volatile. Meanwhile, copper ETFs can underperform copper prices or the leading copper producers. Investors need to consider whether those risks are worth it to gain broad exposure to the copper market via a copper ETF.

What is the best copper ETF to invest in?

The Global X Copper Miners ETF is the best copper ETF to invest in. It's the largest copper-focused ETF, with over $8 billion in AUM, and places the greatest emphasis on copper mining stocks.

What is the largest copper ETF?

The Global X Copper Miners ETF is the largest copper ETF with over $8 billion in AUM.

Does Fidelity have a copper ETF?

Fidelity doesn't have a proprietary copper ETF. However, you can invest in copper ETFs offered by other sponsors through Fidelity, including the Global X Copper Miners ETF, the iShares Copper and Metals Mining ETF, and the United States Copper Index Fund.

3 Best Copper ETFs for 2026 and How to Invest

By Matthew DiLallo – Updated Aug 7, 2026 at 11:04 AM EST | Fact-checked by Frank Bass

Key Points

Copper ETFs provide a simple, diversified investment in an essential industrial metal.
Wood Mackenzie’s base-case scenario estimates that global copper demand could increase 24% by 2035, driven by the rise in electrification and renewable energy.
Three copper ETFs provide direct market exposure: COPX, CPER, and ICOP.

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 built-in diversification, copper-focused ETFs can be an accessible option.

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A large truck in a copper mine. — Image source: Getty Images.

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Three top copper ETFs for 2026:

A few ETFs provide investors with direct exposure to the copper market. Here are three top copper-focused ETFs to consider:

Ticker Information Table
Name and ticker	Current price
Global X Funds - Global X Copper Miners ETF (NYSEMKT:COPX)	$88.59
United States Commodity Index Funds Trust - United States Copper Index Fund (NYSEMKT:CPER)	$40.22
iShares Trust - iShares Copper And Metals Mining ETF (NASDAQ:ICOP)	$55.31

Data as of Aug 11, 2026. Showing 3 of 3 total entries.

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1. Global X Copper Miners ETF

NYSEMKT: COPX

Global X Funds - Global X Copper Miners ETF

Today's Change

(-1.03%) $-0.92

Current Price

$88.59

Key Data Points

AUM

$8.3B

Dividend Yield

2.18%

Expense Ratio

0.65%

Top Holdings

HBM.TO

5.70%

TECK-B.TO

5.29%

FM.TO

5.11%

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The Global X Copper Miners ETF (COPX -1.03%) provides investors with access to a range of copper mining companies. The ETF had $8.1 billion in assets under management (AUM) and held 40 copper stocks in August 2026, led by the following five:

Hudbay Minerals (HBM -0.86%): 5.6% of the fund's assets.
Teck Resources (TECK -1.09%): 5.4%.
BHP Group (BHP -0.65%): 5.2%.
First Quantum Minerals (FQVLF -0.63%): 5.0%.
KGHM Polska Miedz (OTCMKTS:KGHPF): 5.0%.

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 (COPX had a 0.5% dividend yield in August 2026).

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2. United States Copper Index ETF

NYSEMKT: CPER

United States Commodity Index Funds Trust - United States Copper Index Fund

Today's Change

(0.10%) $0.04

Current Price

$40.22

Key Data Points

AUM

$752M

Expense Ratio

0.88%

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The United States Copper Index (CPER +0.10%) 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 $760 million in copper futures contracts, and an equal amount of cash and equivalents serving as collateral in August 2026.

The ETF has a rather high expense ratio of 0.88%; it incurs costs to roll its futures contracts forward at expiration. The expenses have caused the fund to underperform its benchmark and 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 short-term trading based on the belief that copper's price will make a significant near-term move driven by a specific catalyst.

3. iShares Copper and Metals Mining ETF

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NASDAQ: ICOP

iShares Trust - iShares Copper And Metals Mining ETF

Today's Change

(-1.22%) $-0.68

Current Price

$55.31

Key Data Points

AUM

$475M

Dividend Yield

1.56%

Expense Ratio

0.47%

Top Holdings

GMEXICOB.MX

8.20%

AAL.L

7.95%

FCX

7.79%

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The iShares Copper and Metals Mining ETF (ICOP -1.22%) 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 $463 million in AUM and held 44 mining companies in August 2026, led by:

Grupo México: 8.2% of the fund's assets.
Anglo American (NGLOY -1.02%): 8.0%.
BHP Group (BHP -0.65%): 7.9%.
Freeport-McMoRan: 7.8%.
Teck Resources: 5.4%

The iShares Copper and Metals Mining ETF had an expense ratio of 0.47% and a trailing 12-month dividend yield of 1.8%.

How to buy copper ETFs

Here are step-by-step instructions on how to invest in copper ETFs:

Open your brokerage account: Log in to your brokerage account where you handle your investments. If you don't have one yet, take a look at our favorite brokers and trading platforms to find the right one for you.
Search for the copper ETF: Enter the ticker into the search bar to bring up the ETF's trading page.
Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this ETF.
Select order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
Submit your order: Confirm the details and submit your buy order.
Review your purchase: Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.

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Benefits and risks of investing in copper ETFs

Investing in copper ETFs has its benefits and drawbacks.

Benefits

Broad exposure: Mining ETFs provide diversified access to the copper sector.
Income potential: Many copper miners pay dividends, which mining ETFs pass along to investors.
Leverage to demand growth: Rising copper demand can support higher prices and stronger profits for copper miners.

Risks

Not pure plays: Most miners produce multiple metals, diluting direct exposure to copper.
Tracking differences: Mining ETFs may lag copper prices, while futures ETFs can underperform due to contract roll costs.
Volatility: Copper prices can swing sharply in response to economic conditions and supply changes.

Methodology: How these ETFs were chosen

While many ETFs focus on the metals sector, only a handful focus specifically on copper (either copper miners or copper futures). That leaves investors with only a few pure play options. COPX, CPER, and ICOP stood out for their size, costs, and focus on copper.

Should you invest in copper ETFs?

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.

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Investing in copper ETFs: FAQ

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About the Author

Matt DiLallo has been a contributing Motley Fool stock analyst specializing in the energy, industrials, and real estate sectors since 2012. He also covers dividend-paying stocks, pre-IPO companies, ETFs, and other investing topics. He holds an MBA from Liberty University.

TMFmd19

@MatthewDiLallo

Matt DiLallo has positions in BHP Group. The Motley Fool recommends BHP Group. The Motley Fool has a disclosure policy.

3 Best Copper ETFs for 2026 and How to Invest

Key Points

Three top copper ETFs for 2026:

1. Global X Copper Miners ETF

NYSEMKT: COPX

Key Data Points

2. United States Copper Index ETF

NYSEMKT: CPER

Key Data Points

3. iShares Copper and Metals Mining ETF

NASDAQ: ICOP

Key Data Points

How to buy copper ETFs

Benefits and risks of investing in copper ETFs

Benefits

Risks

Methodology: How these ETFs were chosen

Should you invest in copper ETFs?

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Investing in copper ETFs: FAQ

What is the best way to invest in copper?

What is the best way to invest in copper?

Is there a copper commodity ETF?

Is there a copper commodity ETF?

What is the dividend on copper ETFs?

What is the dividend on copper ETFs?

How do copper ETFs fit into a diversified portfolio?

How do copper ETFs fit into a diversified portfolio?

Is investing in copper ETFs a good idea?

Is investing in copper ETFs a good idea?

What is the best copper ETF to invest in?

What is the best copper ETF to invest in?

What is the largest copper ETF?

What is the largest copper ETF?

Does Fidelity have a copper ETF?

Does Fidelity have a copper ETF?

About the Author

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NYSEMKT: COPX

Key Data Points

Benefits and risks of investing in copper ETFs

Benefits

Risks

Methodology: How these ETFs were chosen

Should you invest in copper ETFs?

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Investing in copper ETFs: FAQ

What is the best way to invest in copper?

What is the best way to invest in copper?

Is there a copper commodity ETF?

Is there a copper commodity ETF?

What is the dividend on copper ETFs?

What is the dividend on copper ETFs?

How do copper ETFs fit into a diversified portfolio?

How do copper ETFs fit into a diversified portfolio?

Is investing in copper ETFs a good idea?

Is investing in copper ETFs a good idea?

What is the best copper ETF to invest in?

What is the best copper ETF to invest in?

What is the largest copper ETF?

What is the largest copper ETF?

Does Fidelity have a copper ETF?

Does Fidelity have a copper ETF?

NYSEMKT: CPER

Key Data Points

NASDAQ: ICOP

Key Data Points

3. iShares Copper and Metals Mining ETF

How to buy copper ETFs