WIRE invests in around 40 global copper mining companies, such as Teck, Hudbay and Southern Copper. It charges 0.65% a year, has $916m invested and returned +38.1% over the past year. The most similar ETF is GMTL, which overlaps with it by about 28%.
📅 As at 30 September 2026: fee, size and 1-year return from the TMX Australia funds report; holdings and overlap from WIRE’s published holdings as at 30 October 2026.
Is it a good time to buy WIRE?
Nobody can time the market perfectly, but you can check the trend before you buy. Here’s where WIRE stands right now.
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| Net flow, September | +$5m |
| Net flow, 2026 so far | +$322m |
| Average month in 2026 | +$36m |
Is the whole market risk on, caution or risk off this week? Members see it every Sunday, with the core ETF check-up.
🔒 See it free for 30 days →WIRE is in a base. Prices moving sideways can be a time to build a position gradually and watch which way the trend breaks. There’s no rush either way.
General information only, not a recommendation to buy or sell WIRE. Whether it suits you depends on your goals and the rest of your portfolio. Trend updated weekly; flows from the TMX Australia funds report (September 2026) and the Global X weekly market monitor. See every ETF’s trend in the ETF trend scanner, or read when to buy an ETF.
What is WIRE?
Index: An index of global copper mining companies · Issuer: Global X · Exchange: ASX
Top 10 holdings
The 10 largest companies make up 52% of WIRE.
| # | Company | Weight | |
|---|---|---|---|
| 1 | Teck Resources LtdMaterials | 5.96% | |
| 2 | Hudbay Minerals IncMaterials | 5.65% | |
| 3 | Southern Copper CorpMaterials | 5.64% | |
| 4 | BHP Group LtdMaterials | 5.45% | |
| 5 | Freeport-McMoRan IncMaterials | 5.24% | |
| 6 | Glencore plcMaterials | 5.10% | |
| 7 | First Quantum Minerals LtdMaterials | 4.69% | |
| 8 | Boliden ABMaterials | 4.68% | |
| 9 | KGHM Polska Miedz SAMaterials | 4.66% | |
| 10 | Antofagasta plcMaterials | 4.65% |
Sector breakdown
ETFs most similar to WIRE
How much each ETF’s holdings overlap with WIRE, by weight. High overlap means owning both mostly doubles up.
| ETF | Overlap | |
|---|---|---|
| GMTLGlobal X Rare Earth and Critical Metals ETF | 28% | Compare in calculator → |
| XMETBetashares Critical Minerals ETF | 27% | Compare in calculator → |
| AINFGlobal X Ai Infrastructure ETF | 19% | Compare in calculator → |
| MVRVanEck Australian Resources ETF | 8% | Compare in calculator → |
| OZRState Street SPDR S&P/ASX 200 Resources ETF | 7% | Compare in calculator → |
| QREBetashares Australian Resources Sector ETF | 7% | Compare in calculator → |
Core or satellite?
SATELLITE Resources, gold & commodities
WIRE is a satellite: a commodity position. In our approach, satellites are bought when they break out of a base into an uptrend, kept to a small slice of the portfolio, and sold with a stop loss. Read more in core and satellite investing.
Read more: The base and trend method · When to buy an ETF
WIRE FAQs
Is WIRE a good ETF?
WIRE has had a strong year as copper has rallied. Miners amplify the commodity cycle, so it suits a satellite with clear exit rules. Whether it suits you depends on your goals and the rest of your portfolio.
What does WIRE invest in?
WIRE invests in around 40 global copper mining companies, such as Teck, Hudbay and Southern Copper. Its largest holdings are Teck Resources Ltd, Hudbay Minerals Inc, Southern Copper Corp, and its biggest sector is materials at about 100%.
What ETFs are similar to WIRE?
The ETFs with the most overlap with WIRE are GMTL (about 28%) and XMET (about 27%). Use the free ETF overlap calculator to check your own mix.
Is WIRE a core or satellite ETF?
We see WIRE as a satellite holding. Satellites are smaller positions around a diversified core, managed with clear entry and exit rules.
Fee, size and returns: TMX Australia Funds Report to 30 September 2026; returns are total returns, 5-year figure is cumulative. Holdings from Global X as at 30 October 2026. Chart: TradingView. General information only, not a recommendation to buy or sell WIRE. Consider the PDS and TMD before investing.