List of Copper ETFs and ETNs
Comprehensive directory of the top Copper ETFs and ETNs tracking mining equities, futures, and physical metal. Monitor the 2026 copper supply crunch driven by AI and EV demand.
Navigating the List of Copper ETFs and ETNs is essential for investors looking to capitalize on the massive global shift toward green energy and AI infrastructure. Whether you prefer the leverage of equity miners or the direct price tracking of the CPER Copper ETF Profile, the market offers several distinct vehicles. In 2026, copper demand is projected to reach unprecedented levels, driven primarily by electric vehicle (EV) production and power-hungry data centers. Investors should note that several historical instruments, such as the iPath JJC ETN (Delisted), are no longer active, shifting liquidity toward larger miner-focused funds. Understanding the structural differences between physical metal, futures, and equity miners is key to managing risk in this cyclical sector.
Key Takeaways
Miner-focused ETFs like COPX provide exposure to the materials sector and often leverage copper price moves more aggressively than direct commodity funds.
The Sprott Physical Copper Trust (COP.U) now allows for unleveraged spot exposure, holding 10,000+ metric tons of copper without futures roll risks.
Long-term demand is forecast to hit 43 million metric tons by 2050, largely due to the copper intensive needs of AI data centers and global electrification.
Former benchmarks like the iPath CUPM ETN (Delisted) have been wound down, making it critical to monitor fund liquidity and active issuer status.
Top List of Copper ETFs and ETNs by Market Cap (2026)
Current 2026 copper fund rankings by AUM and performance, highlighting the divergence between equity miners and futures-based commodity funds.
| Rank | Ticker | Fund Name | Exposure Type | AUM ($M) | YTD/1Y Return | Exp Ratio | Primary Holding |
|---|---|---|---|---|---|---|---|
| 1 | COPX | Global X Copper Miners ETF | Equity Miners | $2,090M | 27.2% (1Y) | 0.65% | Lundin Mining |
| 2 | CPER | United States Copper Index Fund | Futures | $460M | 40.1% (YTD) | 1.06% | Copper Futures |
| 3 | COP.U | Sprott Physical Copper Trust | Physical Metal | $96M | -- | 2.03% | Physical Copper |
| 4 | COPP | Global X Copper Miners (CAD) | Equity Miners | $19.6M | -- | 0.79% | Freeport-McMoRan |
| 5 | JJC | iPath DJ-AIG Copper ETN | Commodity Index | Delisted | -- | -- | Inactive |
| 6 | CUPM | iPath Pure Beta Copper ETN | Commodity Index | Delisted | -- | -- | Inactive |
List of Copper ETFs and ETNs — Complete Company List
Copper ETFs and ETNs
Risks & Considerations
Contango and Roll Yield
Futures-based funds like CPER can suffer from contango, where the cost of rolling monthly contracts erodes NAV, even if copper spot prices remain flat.
Operational Mining Risk
Equity-based ETFs like COPX are subject to mine-specific risks, including geopolitical instability in producing regions, labor strikes, and rising energy costs for extraction.
High Expense Ratios
Commodity ETFs often have higher management fees (above 1.00%) compared to broad market indices. The Sprott Physical trust, for example, carries a fee above 2%.
Credit Risk in ETNs
Unlike ETFs, ETNs are unsecured debt obligations. While many have delisted, any remaining or new ETNs carry the credit risk of the issuing bank, such as Barclays.