ICOP vs. COPJ
Compare and contrast key facts about Ishares Copper And Metals Mining ETF (ICOP) and Sprott Junior Copper Miners ETF (COPJ).
ICOP and COPJ 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. COPJ is a passively managed fund by Sprott that tracks the performance of the Nasdaq Sprott Junior Copper Miners Index - Benchmark TR Net. It was launched on Feb 1, 2023. Both ICOP and COPJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ICOP or COPJ.
Key characteristics
| ICOP | COPJ | |
|---|---|---|
| YTD Return | 10.65% | 14.89% |
| 1Y Return | 15.15% | 15.09% |
| Sharpe Ratio | 0.63 | 0.56 |
| Daily Std Dev | 30.13% | 30.35% |
| Max Drawdown | -25.40% | -26.71% |
| Current Drawdown | -19.74% | -18.94% |
Correlation
The correlation between ICOP and COPJ is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ICOP vs. COPJ - Performance Comparison
In the year-to-date period, ICOP achieves a 10.65% return, which is significantly lower than COPJ's 14.89% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ICOP vs. COPJ - Expense Ratio Comparison
ICOP has a 0.47% expense ratio, which is lower than COPJ's 0.78% expense ratio.
Risk-Adjusted Performance
ICOP vs. COPJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Copper And Metals Mining ETF (ICOP) and Sprott Junior Copper Miners ETF (COPJ). 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. COPJ - Dividend Comparison
ICOP's dividend yield for the trailing twelve months is around 2.13%, less than COPJ's 2.16% yield.
| TTM | 2023 | |
|---|---|---|
ICOP Ishares Copper And Metals Mining ETF | 2.13% | 2.15% |
COPJ Sprott Junior Copper Miners ETF | 2.16% | 2.48% |
Drawdowns
ICOP vs. COPJ - Drawdown Comparison
The maximum ICOP drawdown since its inception was -25.40%, roughly equal to the maximum COPJ drawdown of -26.71%. Use the drawdown chart below to compare losses from any high point for ICOP and COPJ. For additional features, visit the drawdowns tool.
Volatility
ICOP vs. COPJ - Volatility Comparison
Ishares Copper And Metals Mining ETF (ICOP) has a higher volatility of 10.89% compared to Sprott Junior Copper Miners ETF (COPJ) at 9.63%. This indicates that ICOP's price experiences larger fluctuations and is considered to be riskier than COPJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.