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 0.95 correlation means they have historically moved very closely together. FMTL charges 0.65%/yr vs 0.47%/yr for ICOP.
Performance
FMTL vs. ICOP - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FMTL having a 13.02% return and ICOP slightly higher at 13.30%.
FMTL
- 1D
- -1.16%
- 1M
- -0.42%
- 6M
- -3.15%
- YTD
- 13.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
ICOP
- 1D
- -1.40%
- 1M
- 1.44%
- 6M
- -1.66%
- YTD
- 13.30%
- 1Y
- 75.25%
- 3Y*
- 26.30%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 28.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $120.74K | $163.81K | $239.35K | |
| $3.24M | $3.32M | $5.52M |
FMTL vs. ICOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FMTL First Trust Indxx Critical Metals ETF | 13.02% | 21.85% |
ICOP iShares Copper and Metals Mining ETF | 13.30% | 23.35% |
Correlation
The correlation between FMTL and ICOP is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| 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 | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.88 | — |
| Martin ratioReturn relative to average drawdown | — | 8.34 | — |
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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 | -15.26% | -13.92% | -1.34% |
Average DrawdownAverage peak-to-trough decline | -6.98% | -11.76% | +4.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 8.99% | — |
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 | — | 12.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 35.69% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 39.57% | 40.68% | -1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.57% | 34.64% | +4.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.57% | 34.64% | +4.93% |
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 1.64%, less than ICOP's 1.79% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FMTL First Trust Indxx Critical Metals ETF | 1.64% | 0.06% | 0.00% | 0.00% |
ICOP iShares Copper and Metals Mining ETF | 1.79% | 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 1.79%, compared with 1.64% 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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