Verdicts genuinely change. Free email alert the moment COPX's does — no target price to set, unlike "Alert" above.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
Global X Copper Miners ETF ETF · GLOBAL X FUNDS
63 holdings · as of 2026-07-31 (2.6 months ago)
This fund holds short positions, so exposure is counted gross — long and short both count as exposure rather than netting off, and the weights below therefore sum to 102% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 13.83% of portfolio weight is in non-compliant holdings, over the 5% threshold.
63 holdings, 29 matched (88% of weight). Portfolio as of 2026-07-31, filed 2026-09-29. Source: SEC Form N-PORT.
2.41% of this portfolio’s income is non-permissible — weighted across holdings, computed over 88% of portfolio weight (29 of 63 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
74.5% compliant 0.0% questionable 13.5% non-compliant 12.0% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| BHP BHP GROUP LIMITED | COMPLIANT | 5.48% | AAOIFI6.7% Usmani19.8% Dow Jones Islamic7.1% S&P Shariah7.4% MSCI Islamic19.8% MSCI Islamic M-Series7.4% FTSE Shariah19.8% |
| TECK Teck Resources Limited | COMPLIANT | 5.39% | AAOIFI11.1% Usmani8.6% Dow Jones Islamic12.4% S&P Shariah12.9% MSCI Islamic8.6% MSCI Islamic M-Series12.9% FTSE Shariah8.6% |
| HBM Hudbay Minerals Inc. | COMPLIANT | 5.26% | AAOIFI5.7% Usmani16.2% Dow Jones Islamic17.1% S&P Shariah22.3% MSCI Islamic16.2% MSCI Islamic M-Series22.3% FTSE Shariah16.2% |
| SCCO SOUTHERN COPPER CORPORATION | COMPLIANT | 5.08% | AAOIFI4.9% Usmani35.7% Dow Jones Islamic8.2% S&P Shariah9.3% MSCI Islamic35.7% MSCI Islamic M-Series9.3% FTSE Shariah33.1% |
| FM.TO FIRST QUANTUM MINERALS LTD. | COMPLIANT | 5.05% | AAOIFI21.3% Usmani23.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic23.4% MSCI Islamic M-Seriesfail FTSE Shariah23.4% |
| GLEN.L GLENCORE PLC | NON_COMPLIANT | 5.02% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| ANFGF ANTOFAGASTA PLC | COMPLIANT | 5.00% | AAOIFI19.7% Usmani27.4% Dow Jones Islamic19.9% S&P Shariah22.7% MSCI Islamic26.8% MSCI Islamic M-Series22.7% FTSE Shariah26.8% |
| KGHM POLSKA MIEDZ SPOLKA AKCYJNA | UNSCREENED | 4.76% | no in-house ratios for this holding |
| FCX FREEPORT-MCMORAN INC. | COMPLIANT | 4.76% | AAOIFI9.4% Usmani17.3% Dow Jones Islamic14.8% S&P Shariah15.6% MSCI Islamic17.3% MSCI Islamic M-Series15.6% FTSE Shariah15.7% |
| 2899.HK Zijin Mining Group Company Limited | COMPLIANT | 4.54% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| BOL.ST Boliden AB | COMPLIANT | 4.35% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| LUN.TO Lundin Mining Corporation | COMPLIANT | 4.29% | AAOIFI1.9% Usmani6.1% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.2% MSCI Islamic M-Seriespass FTSE Shariah4.2% |
| 5713.T Sumitomo Metal Mining Co., Ltd. | COMPLIANT | 3.84% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| CS.TO CAPSTONE COPPER CORP. | COMPLIANT | 3.58% | AAOIFI14.9% Usmani22.4% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic18.5% MSCI Islamic M-Seriespass FTSE Shariah18.5% |
| SFR.AX SANDFIRE RESOURCES LIMITED | COMPLIANT | 3.54% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| IVN.TO IVANHOE MINES LTD. | NON_COMPLIANT | 3.24% | AAOIFI10.4% Usmani16.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic16.6% MSCI Islamic M-Seriesfail FTSE Shariah16.6% |
| CGG.TO CHINA GOLD INTERNATIONAL RESOURCES CORP. LTD. | COMPLIANT | 3.06% | AAOIFI4.3% Usmani16.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic16.3% MSCI Islamic M-Seriespass FTSE Shariah16.3% |
| NDA.DE Aurubis AG | COMPLIANT | 3.04% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 0358.HK Jiangxi Copper Company Limited | NON_COMPLIANT | 2.60% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 1208.HK MMG Limited | COMPLIANT | 2.43% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 5711.T MITSUBISHI MATERIALS CORPORATION | NON_COMPLIANT | 1.87% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| ERO ERO COPPER CORP. | COMPLIANT | 1.51% | AAOIFI12.1% Usmani31.6% Dow Jones Islamic27.7% S&P Shariah29.5% MSCI Islamic31.6% MSCI Islamic M-Series29.5% FTSE Shariah31.6% |
| NGEx Minerals Ltd | UNSCREENED | 1.43% | no in-house ratios for this holding |
| 1258.HK China Nonferrous Mining Corp Ltd | COMPLIANT | 1.40% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| TGB TREKOR METALS LIMITED | COMPLIANT | 1.40% | AAOIFI17.6% Usmani30.2% Dow Jones Islamic36.6% S&P Shariah46.6% MSCI Islamic30.2% MSCI Islamic M-Series46.6% FTSE Shariah30.2% |
| ALS.TO ALTIUS MINERALS CORPORATION | NON_COMPLIANT | 1.10% | AAOIFI2.3% Usmani8.6% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic8.6% MSCI Islamic M-Seriesfail FTSE Shariah8.6% |
| 3939.HK Wanguo Gold Group Limited | COMPLIANT | 0.91% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| ATYM.L Atalaya Mining Copper, S.A. | COMPLIANT | 0.81% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| IE Ivanhoe Electric Inc | COMPLIANT | 0.64% | AAOIFI0.1% Usmani0.3% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.3% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| CITADEL SECURITIES LLC | UNSCREENED | 0.61% | no in-house ratios for this holding |
| Al Masane Al Kobra Mining Company SJSC | UNSCREENED | 0.59% | no in-house ratios for this holding |
| NOMURA SECURITIES INTERNATIONAL INC | UNSCREENED | 0.57% | no in-house ratios for this holding |
| DAIWA CAPITAL MARKETS AMERICA INC | UNSCREENED | 0.57% | no in-house ratios for this holding |
| FireFly Metals Ltd | UNSCREENED | 0.52% | no in-house ratios for this holding |
| DVP.AX Develop Global Ltd | COMPLIANT | 0.50% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Faraday Copper Corp | UNSCREENED | 0.49% | no in-house ratios for this holding |
| 1515.T Nittetsu Mining Co., Ltd. | COMPLIANT | 0.46% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| Northern Dynasty Minerals Ltd. | UNSCREENED | 0.44% | no in-house ratios for this holding |
| NATWEST MARKETS SECURITIES INC | UNSCREENED | 0.42% | no in-house ratios for this holding |
| Solaris Resources Inc | UNSCREENED | 0.40% | no in-house ratios for this holding |
| Osisko Metals Inc (Ontario) | UNSCREENED | 0.39% | no in-house ratios for this holding |
| Amerigo Resources Ltd. | UNSCREENED | 0.38% | no in-house ratios for this holding |
| Collective Mining Ltd | UNSCREENED | 0.33% | no in-house ratios for this holding |
| CF SECURED LLC | UNSCREENED | 0.21% | no in-house ratios for this holding |
| CITIGROUP GLOBAL MARKETS INC | UNSCREENED | 0.12% | no in-house ratios for this holding |
| BOFA SECURITIES INC | UNSCREENED | 0.06% | no in-house ratios for this holding |
| DAIWA CAPITAL MARKETS AMERICA INC | UNSCREENED | 0.04% | no in-house ratios for this holding |
| Bellavista Resources Ltd | UNSCREENED | 0.01% | no in-house ratios for this holding |
| BANK OF NEW YORK | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BANK OF NEW YORK (THE) | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BANK OF NEW YORK | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BANK OF NEW YORK | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BANK OF NEW YORK (THE) | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BANK OF NEW YORK | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BANK OF NEW YORK | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BANK OF NEW YORK | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BANK OF NEW YORK | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BANK OF NEW YORK (THE) | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BANK OF NEW YORK | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BANK OF NEW YORK | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BANK OF NEW YORK | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BANK OF NEW YORK | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BANK OF NEW YORK | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 21 points of portfolio weight — 80.1% of it passes FTSE Shariah, 59.6% passes MSCI Islamic M-Series. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 75.7% ratios fail on 13.8% 13.0% not rated under AAOIFI
ratios pass on 76.6% ratios fail on 13.6% 12.3% not rated under Usmani
ratios pass on 61.0% ratios fail on 27.0% 14.5% not rated under Dow Jones Islamic
ratios pass on 61.0% ratios fail on 27.0% 14.5% not rated under S&P Shariah
ratios pass on 75.1% ratios fail on 13.6% 13.8% not rated under MSCI Islamic
ratios pass on 59.6% ratios fail on 28.4% 14.5% not rated under MSCI Islamic M-Series
ratios pass on 80.1% ratios fail on 8.5% 13.8% not rated under FTSE Shariah
29 of 63 listed holdings carry our own per-methodology verdicts (90% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 15 (55% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
Methodology breakdown computing — it will appear here on its own.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
Global X Copper Miners ETF (COPX) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
Computing the full ratio and business-activity breakdown for COPX — this runs off the critical path so the page paints first. It will appear here on its own.
| Investor | Firm | Position | Weight | As of |
|---|---|---|---|---|
| Ken Fisher | Fisher Asset Management | $1M | 0.0% | 2026-06-30 |
From the most recent 13F on file. A 13F reports long US equity positions quarterly and in arrears — it is what a manager held on the report date, not what they hold today.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 36.70 | NEUTRAL |
| Stochastic %K (14) | 19.00 | BUY |
| CCI (20) | -158.28 | BUY |
| Williams %R (14) | -81.00 | BUY |
| MACD (12,26,9) | -0.48 | SELL |
| ROC (10) | -6.90 | SELL |
| Momentum (10) | -5.93 | SELL |
| EMA (10) | 82.97 | SELL |
| SMA (10) | 83.55 | SELL |
| EMA (20) | 84.44 | SELL |
| SMA (20) | 84.89 | SELL |
| EMA (30) | 85.20 | SELL |
| SMA (30) | 86.12 | SELL |
| EMA (50) | 85.49 | SELL |
| SMA (50) | 87.91 | SELL |
| EMA (100) | 84.29 | SELL |
| SMA (100) | 84.24 | SELL |
| EMA (200) | 81.15 | SELL |
| SMA (200) | 83.34 | SELL |
The fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is designed to measure broad-based equity market performance of global companies involved in the copper mining industry. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 42 |
| ⏰ 4H | BEARISH | 54 |
| 🕐 1H | RANGING | 98 |
| ⏱ 15-Min | BEARISH | 130 |
| ⏲ 5-Min | BEARISH | 234 |
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
The questions worth asking about any verdict on this page, answered plainly.
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-10-13 · Asset managers net 915835 (+9220)
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.