FMTL vs. ICOP
FMTL (First Trust Indxx Critical Metals ETF) and ICOP (iShares Copper and Metals Mining ETF) are both exchange-traded funds - FMTL is a Rare Earth & Strategic Metals fund tracking the Indxx Global Critical Metals Index, while ICOP is a Copper fund tracking the STOXX Global Copper and Metals Mining Index. Both are passively managed. Their correlation of 0.95 suggests significant overlap in exposure. FMTL charges 0.65%/yr vs 0.47%/yr for ICOP.
Performance
FMTL vs. ICOP - Performance Comparison
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Returns By Period
In the year-to-date period, FMTL achieves a 22.22% return, which is significantly higher than ICOP's 20.35% return.
FMTL
- 1D
- -1.11%
- 1M
- -0.97%
- YTD
- 22.22%
- 6M
- 23.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ICOP
- 1D
- -1.49%
- 1M
- 2.28%
- YTD
- 20.35%
- 6M
- 20.43%
- 1Y
- 94.43%
- 3Y*
- 32.78%
- 5Y*
- —
- 10Y*
- —
FMTL vs. ICOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FMTL First Trust Indxx Critical Metals ETF | 22.22% | 21.85% |
ICOP iShares Copper and Metals Mining ETF | 20.35% | 23.35% |
Correlation
The correlation between FMTL and ICOP is 0.95, 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 Nov 5, 2025 | 0.95 |
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Return for Risk
FMTL vs. ICOP — Risk / Return Rank
FMTL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ICOP
FMTL vs. ICOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Critical Metals ETF (FMTL) 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.
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.
| FMTL | ICOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.63 | — |
| Martin ratioReturn relative to average drawdown | — | 12.87 | — |
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Drawdowns
FMTL vs. ICOP - Drawdown Comparison
The maximum FMTL drawdown since its inception was -22.44%, smaller than the maximum ICOP drawdown of -38.67%. Use the drawdown chart below to compare losses from any high point for FMTL and ICOP.
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Drawdown Indicators
| FMTL | ICOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.44% | -38.67% | +16.23% |
Max Drawdown (1Y)Largest decline over 1 year | — | -26.13% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -38.67% | — |
Current DrawdownCurrent decline from peak | -8.36% | -8.56% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -5.29% | -11.60% | +6.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.36% | — |
Volatility
FMTL vs. ICOP - Volatility Comparison
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Volatility by Period
| FMTL | ICOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 15.37% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 34.55% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 40.10% | 39.35% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.10% | 34.32% | +5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.10% | 34.32% | +5.78% |
FMTL vs. ICOP - Expense Ratio Comparison
FMTL has a 0.65% expense ratio, which is higher than ICOP's 0.47% expense ratio.
Dividends
FMTL vs. ICOP - Dividend Comparison
FMTL's dividend yield for the trailing twelve months is around 0.05%, less than ICOP's 1.68% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FMTL First Trust Indxx Critical Metals ETF | 0.05% | 0.06% | 0.00% | 0.00% |
ICOP iShares Copper and Metals Mining ETF | 1.68% | 2.08% | 1.87% | 2.15% |
Frequently Asked Questions
With a correlation of 0.95, FMTL and ICOP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, ICOP is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICOP is cheaper with a 0.47% expense ratio, compared with 0.65% for FMTL.
ICOP has the higher dividend yield at 1.68%, compared with 0.05% for FMTL.
FMTL is categorized as Rare Earth & Strategic Metals, while ICOP is Copper. FMTL tracks Indxx Global Critical Metals Index, while ICOP tracks STOXX Global Copper and Metals Mining Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.65% for FMTL and 0.47% for ICOP.
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