COPP vs. ICOP
Compare and contrast key facts about Sprott Copper Miners ETF (COPP) and Ishares Copper And Metals Mining ETF (ICOP).
COPP and ICOP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. COPP is a passively managed fund by Sprott that tracks the performance of the Nasdaq Sprott Copper Miners Index - Benchmark TR Net. It was launched on Mar 4, 2024. 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 COPP 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: COPP or ICOP.
Correlation
The correlation between COPP and ICOP is 0.97, 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
COPP vs. ICOP - Performance Comparison
Key characteristics
COPP:
-0.59
ICOP:
-0.39
COPP:
-0.67
ICOP:
-0.33
COPP:
0.92
ICOP:
0.96
COPP:
-0.54
ICOP:
-0.36
COPP:
-1.19
ICOP:
-0.73
COPP:
20.20%
ICOP:
19.22%
COPP:
40.55%
ICOP:
35.92%
COPP:
-44.37%
ICOP:
-38.67%
COPP:
-35.21%
ICOP:
-27.39%
Returns By Period
In the year-to-date period, COPP achieves a -11.36% return, which is significantly lower than ICOP's -0.98% return.
COPP
-11.36%
-17.12%
-26.33%
-25.74%
N/A
N/A
ICOP
-0.98%
-10.99%
-17.29%
-16.11%
N/A
N/A
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COPP vs. ICOP - Expense Ratio Comparison
COPP has a 0.65% expense ratio, which is higher than ICOP's 0.47% expense ratio.
Risk-Adjusted Performance
COPP vs. ICOP — Risk-Adjusted Performance Rank
COPP
ICOP
COPP vs. ICOP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Copper Miners ETF (COPP) 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
COPP vs. ICOP - Dividend Comparison
COPP's dividend yield for the trailing twelve months is around 2.92%, more than ICOP's 1.88% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
COPP Sprott Copper Miners ETF | 2.92% | 2.59% | 0.00% |
ICOP Ishares Copper And Metals Mining ETF | 1.88% | 1.87% | 2.15% |
Drawdowns
COPP vs. ICOP - Drawdown Comparison
The maximum COPP drawdown since its inception was -44.37%, which is greater than ICOP's maximum drawdown of -38.67%. Use the drawdown chart below to compare losses from any high point for COPP and ICOP. For additional features, visit the drawdowns tool.
Volatility
COPP vs. ICOP - Volatility Comparison
Sprott Copper Miners ETF (COPP) has a higher volatility of 23.28% compared to Ishares Copper And Metals Mining ETF (ICOP) at 19.38%. This indicates that COPP's price experiences larger fluctuations and is considered to be riskier than ICOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.