EUNN.DE vs. ICOP
EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) and ICOP (iShares Copper and Metals Mining ETF) are both exchange-traded funds - EUNN.DE is a Japan Equities fund tracking the MSCI Japan IMI, while ICOP is a Commodity Producers Equities fund tracking the STOXX Global Copper and Metals Mining Index. Both are passively managed. Over the past year, EUNN.DE returned 30.19% vs 92.16% for ICOP. At a 0.29 correlation, their price movements are largely independent. EUNN.DE charges 0.12%/yr vs 0.47%/yr for ICOP.
Performance
EUNN.DE vs. ICOP - Performance Comparison
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Different Trading Currencies
EUNN.DE is traded in EUR, while ICOP is traded in USD. To make them comparable, the ICOP values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EUNN.DE achieves a 16.53% return, which is significantly lower than ICOP's 28.08% return.
EUNN.DE
- 1D
- -0.27%
- 1M
- 5.77%
- YTD
- 16.53%
- 6M
- 16.83%
- 1Y
- 30.19%
- 3Y*
- 15.47%
- 5Y*
- 9.85%
- 10Y*
- 9.05%
ICOP
- 1D
- -0.65%
- 1M
- 8.44%
- YTD
- 28.08%
- 6M
- 36.05%
- 1Y
- 92.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUNN.DE vs. ICOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 16.53% | 13.46% | 12.90% | 5.64% |
ICOP iShares Copper and Metals Mining ETF | 28.08% | 56.88% | 7.77% | 6.69% |
Correlation
The correlation between EUNN.DE and ICOP is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.29 |
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Return for Risk
EUNN.DE vs. ICOP — Risk / Return Rank
EUNN.DE
ICOP
EUNN.DE vs. ICOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) 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.
| EUNN.DE | ICOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.42 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 3.89 | -0.75 |
| Martin ratioReturn relative to average drawdown | 10.51 | 14.87 | -4.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EUNN.DE | ICOP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 2.71 | -1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 1.03 | -0.50 |
Drawdowns
EUNN.DE vs. ICOP - Drawdown Comparison
The maximum EUNN.DE drawdown since its inception was -28.55%, smaller than the maximum ICOP drawdown of -39.21%. Use the drawdown chart below to compare losses from any high point for EUNN.DE and ICOP.
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Drawdown Indicators
| EUNN.DE | ICOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.55% | -39.21% | +10.66% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -24.59% | +15.01% |
Max Drawdown (3Y)Largest decline over 3 years | -15.81% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.41% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.55% | — | — |
Current DrawdownCurrent decline from peak | -0.27% | -3.65% | +3.38% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -11.70% | +4.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 6.42% | -3.56% |
Volatility
EUNN.DE vs. ICOP - Volatility Comparison
The current volatility for iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) is 3.16%, while iShares Copper and Metals Mining ETF (ICOP) has a volatility of 12.90%. This indicates that EUNN.DE 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.
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Volatility by Period
| EUNN.DE | ICOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 12.90% | -9.74% |
Volatility (6M)Calculated over the trailing 6-month period | 14.53% | 30.46% | -15.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.97% | 35.34% | -17.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 32.10% | -16.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 32.10% | -16.02% |
EUNN.DE vs. ICOP - Expense Ratio Comparison
EUNN.DE has a 0.12% expense ratio, which is lower than ICOP's 0.47% expense ratio.
Dividends
EUNN.DE vs. ICOP - Dividend Comparison
EUNN.DE has not paid dividends to shareholders, while ICOP's dividend yield for the trailing twelve months is around 1.64%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
ICOP iShares Copper and Metals Mining ETF | 1.64% | 2.08% | 1.87% | 2.15% |
Frequently Asked Questions
EUNN.DE and ICOP have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNN.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNN.DE is cheaper with a 0.12% expense ratio, compared with 0.47% for ICOP.
EUNN.DE is categorized as Japan Equities, while ICOP is Commodity Producers Equities. EUNN.DE tracks MSCI Japan IMI, while ICOP tracks STOXX Global Copper and Metals Mining Index. Their fees differ too: 0.12% for EUNN.DE and 0.47% for ICOP.
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