ICOP vs. CPER
Compare and contrast key facts about Ishares Copper And Metals Mining ETF (ICOP) and United States Copper Index Fund (CPER).
ICOP and CPER 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. CPER is a passively managed fund by Concierge Technologies that tracks the performance of the SummerHaven Copper Index Total Return. It was launched on Nov 15, 2011. Both ICOP and CPER 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 CPER.
Performance
ICOP vs. CPER - Performance Comparison
Returns By Period
In the year-to-date period, ICOP achieves a 10.58% return, which is significantly higher than CPER's 7.66% return.
ICOP
10.58%
-8.64%
-19.80%
26.33%
N/A
N/A
CPER
7.66%
-5.77%
-17.04%
11.59%
9.37%
2.60%
Key characteristics
| ICOP | CPER | |
|---|---|---|
| Sharpe Ratio | 0.89 | 0.57 |
| Sortino Ratio | 1.39 | 0.92 |
| Omega Ratio | 1.17 | 1.11 |
| Calmar Ratio | 1.10 | 0.56 |
| Martin Ratio | 2.35 | 1.29 |
| Ulcer Index | 11.88% | 10.05% |
| Daily Std Dev | 31.34% | 22.81% |
| Max Drawdown | -25.40% | -54.04% |
| Current Drawdown | -19.80% | -17.18% |
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ICOP vs. CPER - Expense Ratio Comparison
ICOP has a 0.47% expense ratio, which is lower than CPER's 0.80% expense ratio.
Correlation
The correlation between ICOP and CPER is 0.77, 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. CPER - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Copper And Metals Mining ETF (ICOP) and United States Copper Index Fund (CPER). 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. CPER - Dividend Comparison
ICOP's dividend yield for the trailing twelve months is around 2.13%, while CPER has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
ICOP Ishares Copper And Metals Mining ETF | 2.13% | 2.15% |
CPER United States Copper Index Fund | 0.00% | 0.00% |
Drawdowns
ICOP vs. CPER - Drawdown Comparison
The maximum ICOP drawdown since its inception was -25.40%, smaller than the maximum CPER drawdown of -54.04%. Use the drawdown chart below to compare losses from any high point for ICOP and CPER. For additional features, visit the drawdowns tool.
Volatility
ICOP vs. CPER - Volatility Comparison
Ishares Copper And Metals Mining ETF (ICOP) has a higher volatility of 9.09% compared to United States Copper Index Fund (CPER) at 8.38%. This indicates that ICOP's price experiences larger fluctuations and is considered to be riskier than CPER based on this measure. The chart below showcases a comparison of their rolling one-month volatility.