ICOP vs. BINC
Compare and contrast key facts about Ishares Copper And Metals Mining ETF (ICOP) and BlackRock Flexible Income ETF (BINC).
ICOP and BINC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ICOP is a passively managed fund by iShares that tracks the performance of the STOXX Global Copper and Metals Mining Index - Benchmark TR Net. It was launched on Jun 21, 2023. BINC is an actively managed fund by Blackrock. It was launched on Sep 19, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ICOP or BINC.
Performance
ICOP vs. BINC - Performance Comparison
Returns By Period
In the year-to-date period, ICOP achieves a 10.58% return, which is significantly higher than BINC's 5.28% return.
ICOP
10.58%
-8.64%
-19.80%
26.33%
N/A
N/A
BINC
5.28%
-0.34%
3.83%
9.17%
N/A
N/A
Key characteristics
| ICOP | BINC | |
|---|---|---|
| Sharpe Ratio | 0.89 | 3.22 |
| Sortino Ratio | 1.39 | 5.14 |
| Omega Ratio | 1.17 | 1.70 |
| Calmar Ratio | 1.10 | 7.62 |
| Martin Ratio | 2.35 | 22.78 |
| Ulcer Index | 11.88% | 0.43% |
| Daily Std Dev | 31.34% | 2.99% |
| Max Drawdown | -25.40% | -1.95% |
| Current Drawdown | -19.80% | -0.68% |
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ICOP vs. BINC - Expense Ratio Comparison
ICOP has a 0.47% expense ratio, which is higher than BINC's 0.40% expense ratio.
Correlation
The correlation between ICOP and BINC is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
ICOP vs. BINC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Copper And Metals Mining ETF (ICOP) and BlackRock Flexible Income ETF (BINC). 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.
Dividends
ICOP vs. BINC - Dividend Comparison
ICOP's dividend yield for the trailing twelve months is around 2.13%, less than BINC's 5.53% yield.
| TTM | 2023 | |
|---|---|---|
ICOP Ishares Copper And Metals Mining ETF | 2.13% | 2.15% |
BINC BlackRock Flexible Income ETF | 5.53% | 3.13% |
Drawdowns
ICOP vs. BINC - Drawdown Comparison
The maximum ICOP drawdown since its inception was -25.40%, which is greater than BINC's maximum drawdown of -1.95%. Use the drawdown chart below to compare losses from any high point for ICOP and BINC. For additional features, visit the drawdowns tool.
Volatility
ICOP vs. BINC - Volatility Comparison
Ishares Copper And Metals Mining ETF (ICOP) has a higher volatility of 9.09% compared to BlackRock Flexible Income ETF (BINC) at 0.66%. This indicates that ICOP's price experiences larger fluctuations and is considered to be riskier than BINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.