ICBMX vs. PICK
ICBMX (ICON Natural Resources and Infrastructure Fund) and PICK (iShares MSCI Global Select Metals & Mining Producers ETF) are both funds - ICBMX is a Energy Equities fund managed by ICON Funds, while PICK is a Materials fund tracking the MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver Investable Market Index. Over the past 10 years, ICBMX returned 12.87%/yr vs 16.23%/yr for PICK. A 0.68 correlation means they provide meaningful diversification when combined. ICBMX charges 1.31%/yr vs 0.39%/yr for PICK.
Performance
ICBMX vs. PICK - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ICBMX having a 20.91% return and PICK slightly lower at 20.34%. Over the past 10 years, ICBMX has underperformed PICK with an annualized return of 12.87%, while PICK has yielded a comparatively higher 16.23% annualized return.
ICBMX
- 1D
- -0.23%
- 1M
- 0.00%
- YTD
- 20.91%
- 6M
- 20.79%
- 1Y
- 46.32%
- 3Y*
- 23.09%
- 5Y*
- 13.88%
- 10Y*
- 12.87%
PICK
- 1D
- -7.32%
- 1M
- -4.20%
- YTD
- 20.34%
- 6M
- 27.66%
- 1Y
- 69.73%
- 3Y*
- 19.06%
- 5Y*
- 9.97%
- 10Y*
- 16.23%
ICBMX vs. PICK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICBMX ICON Natural Resources and Infrastructure Fund | 20.91% | 15.95% | 21.25% | 11.02% | 0.50% | 30.63% | 5.53% | 22.11% | -17.38% | 16.93% |
PICK iShares MSCI Global Select Metals & Mining Producers ETF | 20.34% | 51.89% | -16.37% | 9.69% | 2.54% | 22.61% | 27.46% | 16.47% | -18.65% | 38.42% |
Correlation
The correlation between ICBMX and PICK is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2012 | 0.68 |
The correlation between ICBMX and PICK has been stable across timeframes, ranging from 0.66 to 0.69 - a consistent structural relationship.
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Return for Risk
ICBMX vs. PICK — Risk / Return Rank
ICBMX
PICK
ICBMX vs. PICK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ICON Natural Resources and Infrastructure Fund (ICBMX) and iShares MSCI Global Select Metals & Mining Producers ETF (PICK). 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.
| ICBMX | PICK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.41 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.62 | 3.59 | +1.03 |
| Martin ratioReturn relative to average drawdown | 16.53 | 14.26 | +2.27 |
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
| ICBMX | PICK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 2.41 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.36 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.57 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.19 | +0.10 |
Drawdowns
ICBMX vs. PICK - Drawdown Comparison
The maximum ICBMX drawdown since its inception was -63.92%, smaller than the maximum PICK drawdown of -68.87%. Use the drawdown chart below to compare losses from any high point for ICBMX and PICK.
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Drawdown Indicators
| ICBMX | PICK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.92% | -68.87% | +4.95% |
Max Drawdown (1Y)Largest decline over 1 year | -10.10% | -19.54% | +9.44% |
Max Drawdown (3Y)Largest decline over 3 years | -26.49% | -32.52% | +6.03% |
Max Drawdown (5Y)Largest decline over 5 years | -26.49% | -36.37% | +9.88% |
Max Drawdown (10Y)Largest decline over 10 years | -48.18% | -52.72% | +4.54% |
Current DrawdownCurrent decline from peak | -1.18% | -10.37% | +9.19% |
Average DrawdownAverage peak-to-trough decline | -17.87% | -24.11% | +6.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 4.91% | -2.09% |
Volatility
ICBMX vs. PICK - Volatility Comparison
The current volatility for ICON Natural Resources and Infrastructure Fund (ICBMX) is 4.69%, while iShares MSCI Global Select Metals & Mining Producers ETF (PICK) has a volatility of 12.58%. This indicates that ICBMX experiences smaller price fluctuations and is considered to be less risky than PICK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICBMX | PICK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 12.58% | -7.89% |
Volatility (6M)Calculated over the trailing 6-month period | 13.28% | 25.27% | -11.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.09% | 29.08% | -8.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.77% | 27.97% | -7.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.30% | 28.44% | -6.14% |
ICBMX vs. PICK - Expense Ratio Comparison
ICBMX has a 1.31% expense ratio, which is higher than PICK's 0.39% expense ratio.
Dividends
ICBMX vs. PICK - Dividend Comparison
ICBMX's dividend yield for the trailing twelve months is around 8.28%, more than PICK's 2.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICBMX ICON Natural Resources and Infrastructure Fund | 8.28% | 10.01% | 17.24% | 7.07% | 11.07% | 1.32% | 0.32% | 1.55% | 21.58% | 1.19% | 0.53% | 7.78% |
PICK iShares MSCI Global Select Metals & Mining Producers ETF | 2.39% | 2.88% | 3.26% | 4.19% | 6.93% | 5.89% | 2.27% | 5.51% | 4.77% | 2.41% | 1.15% | 15.77% |
Frequently Asked Questions
ICBMX and PICK have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PICK has higher volatility (12.58%) compared to ICBMX (4.69%). In terms of maximum drawdown, ICBMX dropped -63.92% vs PICK's -68.87%.
PICK currently has the higher Sharpe Ratio (2.41 vs 2.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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