ICOP vs. BINC
ICOP (iShares Copper and Metals Mining ETF) and BINC (iShares Flexible Income Active ETF) are both exchange-traded funds - ICOP is a Copper fund tracking the STOXX Global Copper and Metals Mining Index, while BINC is a Multisector Bonds fund actively managed by iShares. ICOP is passively managed, while BINC is actively managed. Over the past 3 years, ICOP returned 30.39%/yr vs 7.12%/yr for BINC. At a 0.34 correlation, their price movements are largely independent. ICOP charges 0.47%/yr vs 0.40%/yr for BINC.
Performance
ICOP vs. BINC - Performance Comparison
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Returns By Period
In the year-to-date period, ICOP achieves a 13.96% return, which is significantly higher than BINC's 1.29% return.
ICOP
- 1D
- -5.31%
- 1M
- -3.15%
- YTD
- 13.96%
- 6M
- 12.44%
- 1Y
- 82.41%
- 3Y*
- 30.39%
- 5Y*
- —
- 10Y*
- —
BINC
- 1D
- 0.06%
- 1M
- 0.69%
- YTD
- 1.29%
- 6M
- 1.50%
- 1Y
- 5.52%
- 3Y*
- 7.12%
- 5Y*
- —
- 10Y*
- —
ICOP vs. BINC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ICOP iShares Copper and Metals Mining ETF | 13.96% | 78.01% | 1.10% | 8.08% |
BINC iShares Flexible Income Active ETF | 1.29% | 7.57% | 5.76% | 6.77% |
Correlation
The correlation between ICOP and BINC is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2023 | 0.34 |
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Return for Risk
ICOP vs. BINC — Risk / Return Rank
ICOP
BINC
ICOP vs. BINC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Copper and Metals Mining ETF (ICOP) and iShares Flexible Income Active 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.
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.
| ICOP | BINC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.48 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 2.06 | +1.11 |
| Martin ratioReturn relative to average drawdown | 11.16 | 8.04 | +3.12 |
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Drawdowns
ICOP vs. BINC - Drawdown Comparison
The maximum ICOP drawdown since its inception was -38.67%, which is greater than BINC's maximum drawdown of -2.69%. Use the drawdown chart below to compare losses from any high point for ICOP and BINC.
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Drawdown Indicators
| ICOP | BINC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.67% | -2.69% | -35.98% |
Max Drawdown (1Y)Largest decline over 1 year | -26.13% | -2.69% | -23.44% |
Max Drawdown (3Y)Largest decline over 3 years | -38.67% | -2.69% | -35.98% |
Current DrawdownCurrent decline from peak | -13.41% | -0.10% | -13.31% |
Average DrawdownAverage peak-to-trough decline | -11.61% | -0.36% | -11.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.41% | 0.69% | +6.72% |
Volatility
ICOP vs. BINC - Volatility Comparison
iShares Copper and Metals Mining ETF (ICOP) has a higher volatility of 16.27% compared to iShares Flexible Income Active ETF (BINC) at 0.58%. 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.
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Volatility by Period
| ICOP | BINC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.27% | 0.58% | +15.69% |
Volatility (6M)Calculated over the trailing 6-month period | 35.00% | 1.88% | +33.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.67% | 2.30% | +37.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.44% | 2.99% | +31.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.44% | 2.99% | +31.45% |
ICOP vs. BINC - Expense Ratio Comparison
ICOP has a 0.47% expense ratio, which is higher than BINC's 0.40% expense ratio.
Dividends
ICOP vs. BINC - Dividend Comparison
ICOP's dividend yield for the trailing twelve months is around 1.78%, less than BINC's 5.84% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BINC iShares Flexible Income Active ETF | 5.84% | 5.86% | 6.14% | 3.13% |
ICOP iShares Copper and Metals Mining ETF | 1.78% | 2.08% | 1.87% | 2.15% |
Frequently Asked Questions
ICOP and BINC have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ICOP has higher volatility (16.27%) compared to BINC (0.58%). In terms of maximum drawdown, ICOP dropped -38.67% vs BINC's -2.69%.
On 3-year performance, ICOP leads with 30.39% vs 7.12% for BINC. On fees, BINC is cheaper at 0.40% per year. On volatility, BINC has been the lower-risk option at 0.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ICOP has performed better with a 30.39% return vs 7.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BINC is cheaper with a 0.40% expense ratio, compared with 0.47% for ICOP.
BINC has the higher dividend yield at 5.84%, compared with 1.78% for ICOP.
ICOP is categorized as Copper, while BINC is Multisector Bonds. Their fees differ too: 0.47% for ICOP and 0.40% for BINC.
BINC currently has the higher Sharpe Ratio (2.41 vs 2.09), 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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