- ISIN
- US46436E1890
- Issuer
- iShares
- Inception Date
- Jun 21, 2023
- Region
- Global (Global)
- Category
- Copper
- Leveraged
- 1x (No leverage)
- Index Tracked
- STOXX Global Copper and Metals Mining Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $431M
Highlights
- Avg. Volume (1M)
- 68K
- Avg. Volume Value (1M)
- $3.32M
Share Price Chart
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Performance
ICOP Performance Chart
iShares Copper and Metals Mining ETF (ICOP) is up 13.3% since the beginning of the year. ICOP is currently trading at $50 per share.
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Returns By Period
iShares Copper and Metals Mining ETF (ICOP) has returned 13.30% so far this year and 75.25% over the past 12 months.
iShares Copper and Metals Mining ETF
- 1D
- -1.40%
- 1M
- 1.44%
- 6M
- -1.66%
- YTD
- 13.30%
- 1Y
- 75.25%
- 3Y*
- 26.30%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 28.98%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
ICOP Monthly Returns History
Based on dividend-adjusted daily data since Jun 23, 2023, ICOP's average daily return is +0.13%, while the average monthly return is +2.43%. At this rate, an investment would double in approximately 2.4 years.
Historically, 61% of months were positive and 39% were negative. The best month was Mar 2024 with a return of +16.4%, while the worst month was Mar 2026 at -16.8%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, ICOP closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +11.3%, while the worst single day was Apr 4, 2025 at -10.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 15.21% | 11.95% | -16.75% | 4.65% | 10.44% | -10.02% | 1.46% | 13.30% | |||||
| 2025 | 0.24% | -0.66% | 1.93% | 0.54% | 7.26% | 8.16% | -2.53% | 11.12% | 16.17% | 2.65% | 4.07% | 11.87% | 78.01% |
| 2024 | -4.21% | -0.62% | 16.35% | 8.27% | 4.59% | -6.18% | -2.85% | -0.44% | 9.49% | -7.61% | -3.29% | -9.21% | 1.10% |
| 2023 | 1.08% | 10.78% | -9.26% | -2.60% | -9.15% | 6.92% | 12.43% | 8.08% |
Benchmark Metrics
iShares Copper and Metals Mining ETF has an annualized alpha of 7.29%, beta of 1.33, and R2 of 0.33 versus S&P 500 Index. Calculated based on daily prices since June 23, 2023.
- This ETF captured 142.86% of S&P 500 Index gains and 106.60% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.33 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 7.29%
- Beta
- 1.33
- R²
- 0.33
- Upside Capture
- 142.86%
- Downside Capture
- 106.60%
Expense Ratio
ICOP has an expense ratio of 0.47%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ICOP ranks 73 for risk / return — above 73% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for iShares Copper and Metals Mining ETF (ICOP) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ICOP | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 2.00 | +0.87 |
| Martin ratioReturn relative to average drawdown | 8.34 | 8.49 | -0.15 |
Dividends
Dividend History
iShares Copper and Metals Mining ETF provided a 1.79% dividend yield over the last twelve months, with an annual payout of $0.89 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.89 | $0.92 | $0.48 | $0.55 |
Dividend yield | 1.79% | 2.08% | 1.87% | 2.15% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Copper and Metals Mining ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.00 | $0.27 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.62 | $0.92 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.48 |
| 2023 | $0.55 | $0.55 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares Copper and Metals Mining ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares Copper and Metals Mining ETF was 38.67%, occurring on Apr 8, 2025. Recovery took 109 trading sessions.
The current iShares Copper and Metals Mining ETF drawdown is 13.92%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-38.67%Apr 2025 | 10mo 22d | 5mo 10d | 1y 3moMay 2024 - Sep 2025 | 2025 selloff2025 |
-26.13%Mar 2026 | 22d | 2mo 14d | 3mo 6dFeb 2026 - Jun 2026 | — |
-20.77%Nov 2023 | 3mo 11d | 4mo 4d | 7mo 15dAug 2023 - Mar 2024 | — |
-19.69%Jul 2026 | 1mo 5d | — | 2moJun 2026 - now | — |
-10.79%Feb 2026 | 6d | 20d | 26dJan 2026 - Feb 2026 | — |
Drawdown Indicators
| ICOP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.67% | -56.78% | +18.11% |
Max Drawdown (1Y)Largest decline over 1 year | -26.13% | -9.10% | -17.03% |
Max Drawdown (3Y)Largest decline over 3 years | -38.67% | -18.90% | -19.77% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -13.92% | -1.58% | -12.34% |
Average DrawdownAverage peak-to-trough decline | -11.76% | -10.70% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.99% | 2.14% | +6.85% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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