ICOP vs. COPA.L
Compare and contrast key facts about Ishares Copper And Metals Mining ETF (ICOP) and WisdomTree Copper (COPA.L).
ICOP and COPA.L 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. COPA.L is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg Copper. It was launched on Sep 22, 2006. Both ICOP and COPA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ICOP vs. COPA.L - Performance Comparison
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ICOP vs. COPA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ICOP Ishares Copper And Metals Mining ETF | 7.37% | 78.01% | 1.10% | 8.08% |
COPA.L WisdomTree Copper | -2.36% | 36.37% | 4.81% | 2.71% |
Returns By Period
In the year-to-date period, ICOP achieves a 7.37% return, which is significantly higher than COPA.L's -2.36% return.
ICOP
- 1D
- 7.18%
- 1M
- -16.75%
- YTD
- 7.37%
- 6M
- 28.32%
- 1Y
- 88.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COPA.L
- 1D
- 1.01%
- 1M
- -7.90%
- YTD
- -2.36%
- 6M
- 13.72%
- 1Y
- 7.49%
- 3Y*
- 10.31%
- 5Y*
- 6.38%
- 10Y*
- 8.36%
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ICOP vs. COPA.L - Expense Ratio Comparison
ICOP has a 0.47% expense ratio, which is lower than COPA.L's 0.49% expense ratio.
Return for Risk
ICOP vs. COPA.L — Risk / Return Rank
ICOP
COPA.L
ICOP vs. COPA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Copper And Metals Mining ETF (ICOP) and WisdomTree Copper (COPA.L). 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.
| ICOP | COPA.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.32 | 0.21 | +2.10 |
Sortino ratioReturn per unit of downside risk | 2.70 | 0.49 | +2.21 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.09 | +0.30 |
Calmar ratioReturn relative to maximum drawdown | 3.21 | 0.29 | +2.92 |
Martin ratioReturn relative to average drawdown | 13.35 | 0.60 | +12.75 |
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
| ICOP | COPA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 0.21 | +2.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.24 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.06 | +0.87 |
Correlation
The correlation between ICOP and COPA.L is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ICOP vs. COPA.L - Dividend Comparison
ICOP's dividend yield for the trailing twelve months is around 1.94%, while COPA.L has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ICOP Ishares Copper And Metals Mining ETF | 1.94% | 2.08% | 1.87% | 2.15% |
COPA.L WisdomTree Copper | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ICOP vs. COPA.L - Drawdown Comparison
The maximum ICOP drawdown since its inception was -38.67%, smaller than the maximum COPA.L drawdown of -67.44%. Use the drawdown chart below to compare losses from any high point for ICOP and COPA.L.
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Drawdown Indicators
| ICOP | COPA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.67% | -67.44% | +28.77% |
Max Drawdown (1Y)Largest decline over 1 year | -26.13% | -25.25% | -0.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.75% | — |
Current DrawdownCurrent decline from peak | -16.97% | -9.80% | -7.17% |
Average DrawdownAverage peak-to-trough decline | -11.85% | -33.52% | +21.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.28% | 12.14% | -5.86% |
Volatility
ICOP vs. COPA.L - Volatility Comparison
Ishares Copper And Metals Mining ETF (ICOP) has a higher volatility of 17.29% compared to WisdomTree Copper (COPA.L) at 6.18%. This indicates that ICOP's price experiences larger fluctuations and is considered to be riskier than COPA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICOP | COPA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.29% | 6.18% | +11.11% |
Volatility (6M)Calculated over the trailing 6-month period | 30.15% | 18.34% | +11.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.44% | 35.27% | +3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.10% | 26.16% | +6.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.10% | 23.20% | +9.90% |