ICOP vs. COPX
Compare and contrast key facts about Ishares Copper And Metals Mining ETF (ICOP) and Global X Copper Miners ETF (COPX).
ICOP and COPX 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. COPX is a passively managed fund by Global X that tracks the performance of the Solactive Global Copper Miners Index. It was launched on Apr 19, 2010. Both ICOP and COPX 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 COPX.
Performance
ICOP vs. COPX - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with ICOP having a 9.99% return and COPX slightly lower at 9.98%.
ICOP
9.99%
-9.12%
-18.36%
25.66%
N/A
N/A
COPX
9.98%
-10.28%
-20.18%
22.39%
19.81%
7.28%
Key characteristics
| ICOP | COPX | |
|---|---|---|
| Sharpe Ratio | 0.87 | 0.66 |
| Sortino Ratio | 1.37 | 1.11 |
| Omega Ratio | 1.16 | 1.14 |
| Calmar Ratio | 1.07 | 0.78 |
| Martin Ratio | 2.29 | 1.86 |
| Ulcer Index | 11.89% | 11.92% |
| Daily Std Dev | 31.31% | 33.38% |
| Max Drawdown | -25.40% | -83.16% |
| Current Drawdown | -20.22% | -21.77% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ICOP vs. COPX - Expense Ratio Comparison
ICOP has a 0.47% expense ratio, which is lower than COPX's 0.65% expense ratio.
Correlation
The correlation between ICOP and COPX is 0.96, 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.
Risk-Adjusted Performance
ICOP vs. COPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Copper And Metals Mining ETF (ICOP) and Global X Copper Miners ETF (COPX). 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. COPX - Dividend Comparison
ICOP's dividend yield for the trailing twelve months is around 2.15%, more than COPX's 1.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICOP Ishares Copper And Metals Mining ETF | 2.15% | 2.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
COPX Global X Copper Miners ETF | 1.34% | 2.39% | 3.14% | 1.48% | 1.30% | 1.37% | 2.58% | 1.56% | 0.59% | 1.20% | 2.31% | 0.70% |
Drawdowns
ICOP vs. COPX - Drawdown Comparison
The maximum ICOP drawdown since its inception was -25.40%, smaller than the maximum COPX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for ICOP and COPX. For additional features, visit the drawdowns tool.
Volatility
ICOP vs. COPX - Volatility Comparison
The current volatility for Ishares Copper And Metals Mining ETF (ICOP) is 8.92%, while Global X Copper Miners ETF (COPX) has a volatility of 10.92%. This indicates that ICOP experiences smaller price fluctuations and is considered to be less risky than COPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.