COPJ vs. ICOP
Compare and contrast key facts about Sprott Junior Copper Miners ETF (COPJ) and Ishares Copper And Metals Mining ETF (ICOP).
COPJ and ICOP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. COPJ is a passively managed fund by Sprott that tracks the performance of the Nasdaq Sprott Junior Copper Miners Index - Benchmark TR Net. It was launched on Feb 1, 2023. ICOP is a passively managed fund by iShares that tracks the performance of the STOXX Global Copper and Metals Mining Index - Benchmark TR Net. It was launched on Jun 21, 2023. Both COPJ and ICOP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: COPJ or ICOP.
Key characteristics
| COPJ | ICOP | |
|---|---|---|
| YTD Return | 14.89% | 10.65% |
| 1Y Return | 15.09% | 15.15% |
| Sharpe Ratio | 0.56 | 0.63 |
| Daily Std Dev | 30.35% | 30.13% |
| Max Drawdown | -26.71% | -25.40% |
| Current Drawdown | -18.94% | -19.74% |
Correlation
The correlation between COPJ and ICOP is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
COPJ vs. ICOP - Performance Comparison
In the year-to-date period, COPJ achieves a 14.89% return, which is significantly higher than ICOP's 10.65% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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COPJ vs. ICOP - Expense Ratio Comparison
COPJ has a 0.78% expense ratio, which is higher than ICOP's 0.47% expense ratio.
Risk-Adjusted Performance
COPJ vs. ICOP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Junior Copper Miners ETF (COPJ) and Ishares Copper And Metals Mining ETF (ICOP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
COPJ vs. ICOP - Dividend Comparison
COPJ's dividend yield for the trailing twelve months is around 2.16%, more than ICOP's 2.13% yield.
| TTM | 2023 | |
|---|---|---|
COPJ Sprott Junior Copper Miners ETF | 2.16% | 2.48% |
ICOP Ishares Copper And Metals Mining ETF | 2.13% | 2.15% |
Drawdowns
COPJ vs. ICOP - Drawdown Comparison
The maximum COPJ drawdown since its inception was -26.71%, which is greater than ICOP's maximum drawdown of -25.40%. Use the drawdown chart below to compare losses from any high point for COPJ and ICOP. For additional features, visit the drawdowns tool.
Volatility
COPJ vs. ICOP - Volatility Comparison
The current volatility for Sprott Junior Copper Miners ETF (COPJ) is 9.63%, while Ishares Copper And Metals Mining ETF (ICOP) has a volatility of 10.89%. This indicates that COPJ experiences smaller price fluctuations and is considered to be less risky than ICOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.