COPX vs FCX

Global X Copper Miners ETF (COPX) is a fund which gives investors participation in a basket of 33 copper mining companies. It has net assets of just over $1B at the time of this writing, an expense ratio of .65% and it pays a semi-annual dividend with a yield of 1.3%. Investors might prefer to invest in a single company rather than a basket of stocks. Freeport-McMoRan(FCX), for example, comprises almost 5% of the assets in the COPX portfolio. Both COPX and FCX have generated a ROE of about 18%. The largest percentage of copper is mined in Chile, refined in China, and used in Asia. FCX has participation in those markets with mines in Chile, Peru, Indonesia, and the US, which produce not only copper but also gold and molybdenum, with additional oil-production assets in the Gulf of Mexico.