Increasing prices and decreased global supply have been factors helping to drive interest in copper investments. Investors speculating on the copper market have a lot of options, but one of the easiest is through ETFs. (See also: What Factors Affect the Price of Copper?)

Here are the top four ETFs in the investment market that are focusing exclusively on copper. All data is as of January 23, 2018.

Global X Copper Miners ETF (COPX)

  • Issuer: Global X
  • Average Volume: 66,343 shares
  • YTD Performance: 3.4%
  • Expense Ratio: 0.65%
  • Assets under Management: $76.41 million
  • Price: $28.27

COPX is the market’s top performing copper ETF. In 2017, COPX returned 36.75%. The Fund focuses on copper mining companies as opposed to the futures prices of physical copper. That has enabled COPX to give investors a high return, as mining companies tend to be more volatile than copper futures.

The ETF seeks to track the holdings and performance of the Solactive Global Copper Miners Total Return Index. The Index includes a selection of global copper mining firms. Top holdings include Teck Resources LTD and First Quantum Minerals.

iPath Bloomberg Copper Subindex Total Return (JJC)

  • Issuer: iPath
  • Average Volume: 49,824 shares
  • YTD Performance: -5.51%
  • Expense Ratio: 0.75%
  • Assets under Management: $70.52 million
  • Price: $35.47

JJC is a fund that seeks to track the return of copper. As an exchange traded note (ETN), this fund uses debt securities to achieve its objective. The fund’s managers target returns that match the Bloomberg Copper Subindex Total Return index. This index includes one futures contract on the commodity of copper.

JJC is one ETN in a series of fund’s that seek to replicate the returns of sub-indexes of the Bloomberg Commodity Index Total Return. In 2017, the Fund had a return of 23.3%. The comparable return for the Bloomberg Commodity Index Total Return was 1.7%.

US Copper Index ETF (CPER)

  • Issuer: United States Commodity Funds LLC
  • Average Volume: 8,414 shares
  • YTD Performance: -5.3%
  • Expense Ratio: 0.98%
  • Assets under Management: $10.52 million
  • Price: $19.94

CPER is an index fund that seeks to track the performance of the SummerHaven Copper Index Total Return. Components of the Index are selected monthly. The Index may include either two or three futures contracts from varying exchanges. The Fund uses an index replication approach to track the Index. Its holdings include the underlying copper futures contracts included in the SummerHaven Copper Index. Its portfolio also includes U.S. Treasuries and cash instruments for liquidity and maintenance of futures contracts.

In 2017, the Fund had YTD performance of 28.8%. The three-year annualized total return for the Fund was 3.46%.

iPath Pure Beta Copper (CUPM)

  • Issuer: iPath
  • Average Volume: 333 shares
  • YTD Performance: 18%
  • Expense Ratio: 0.75%
  • Assets under Management: $0.88 million
  • Price: $33.99

iPath’s Pure Beta Copper fund is another ETN offering in the copper category. The Fund is small with approximately $0.88 million in assets under management.

This ETN uses unsecured debt obligations of Barclays Bank PLC in its management strategy. It seeks to match the returns of the Barclays Copper Pure Beta TR Index which includes futures contracts on copper. CUPM is one ETN in a series of Pure Beta Commodity Strategies managed by Barclays, giving investors a variety of Pure Beta Commodity ETNs to choose from.

In 2017, CUPM had a YTD return of 30.75%. Its three-year annualized total return is 4.46%.

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