COPY vs. ICPY

Last updated Jul 8, 2026

COPY (Tweedy, Browne Insider + Value ETF) and ICPY (Tweedy, Browne International Insider + Value ETF) are both exchange-traded funds - COPY is a Global Equities fund actively managed by Tweedy, Browne, while ICPY is a Foreign Large Cap Equities fund actively managed by Tweedy, Browne. Both are actively managed. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.80% expense ratio.

Performance

COPY vs. ICPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tweedy, Browne Insider + Value ETF (COPY) and Tweedy, Browne International Insider + Value ETF (ICPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COPY achieves a 16.80% return, which is significantly higher than ICPY's 15.46% return.

COPY

• 1D: 0.05%
• 1M: 2.71%
• 6M: 13.98%
• YTD: 16.80%
• 1Y: 28.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ICPY

• 1D: -0.04%
• 1M: 3.13%
• 6M: 13.88%
• YTD: 15.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

COPY vs. ICPY - Yearly Performance Comparison

	2026 (YTD)	2025
COPY Tweedy, Browne Insider + Value ETF	16.80%	6.22%
ICPY Tweedy, Browne International Insider + Value ETF	15.46%	13.79%

Correlation

The correlation between COPY and ICPY is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025	0.86

Return for Risk

COPY vs. ICPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COPY

COPY Risk / Return Rank: 81
COPY Sharpe Ratio Rank: 84
COPY Sortino Ratio Rank: 86
COPY Omega Ratio Rank: 80
COPY Calmar Ratio Rank: 76
COPY Martin Ratio Rank: 79

ICPY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

COPY vs. ICPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tweedy, Browne Insider + Value ETF (COPY) and Tweedy, Browne International Insider + Value ETF (ICPY). 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.

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.

	COPY	ICPY	Difference
Sharpe ratio: Return per unit of total volatility	2.19	—	—
Sortino ratio: Return per unit of downside risk	3.20	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	3.20	—	—
Martin ratio: Return relative to average drawdown	12.21	—	—

Drawdowns

COPY vs. ICPY - Drawdown Comparison

The maximum COPY drawdown since its inception was -14.05%, which is greater than ICPY's maximum drawdown of -8.86%. Use the drawdown chart below to compare losses from any high point for COPY and ICPY.

Drawdown Indicators

	COPY	ICPY	Difference
Max Drawdown Largest peak-to-trough decline	-14.05%	-8.86%	-5.19%
Max Drawdown (1Y) Largest decline over 1 year	-9.07%	—	—
Current Drawdown Current decline from peak	-0.38%	-0.24%	-0.14%
Average Drawdown Average peak-to-trough decline	-1.54%	-1.57%	+0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	—	—

Volatility

Volatility by Period

	COPY	ICPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.79%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.24%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.30%	14.98%	-1.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.11%	14.98%	+2.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.11%	14.98%	+2.13%

COPY vs. ICPY - Expense Ratio Comparison

Both COPY and ICPY have an expense ratio of 0.80%.

Dividends

COPY vs. ICPY - Dividend Comparison

COPY's dividend yield for the trailing twelve months is around 0.82%, less than ICPY's 3.95% yield.

Position	TTM	2025
COPY Tweedy, Browne Insider + Value ETF	0.82%	0.95%
ICPY Tweedy, Browne International Insider + Value ETF	3.95%	4.56%

Frequently Asked Questions

Can I hold both COPY and ICPY in my portfolio?

COPY and ICPY have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, COPY or ICPY?

Both ETFs have the same 0.80% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COPY or ICPY?

COPY and ICPY have the same expense ratio: 0.80% per year.

Which ETF pays a higher dividend yield, COPY or ICPY?

ICPY has the higher dividend yield at 3.95%, compared with 0.82% for COPY.

What is the main difference between COPY and ICPY?

COPY is categorized as Global Equities, while ICPY is Foreign Large Cap Equities.