ICOP vs. IAU
Compare and contrast key facts about Ishares Copper And Metals Mining ETF (ICOP) and iShares Gold Trust (IAU).
ICOP and IAU 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. IAU is a passively managed fund by iShares that tracks the performance of the Gold Bullion. It was launched on Jan 28, 2005. Both ICOP and IAU 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 IAU.
Performance
ICOP vs. IAU - Performance Comparison
Returns By Period
In the year-to-date period, ICOP achieves a 10.58% return, which is significantly lower than IAU's 26.29% return.
ICOP
10.58%
-8.64%
-19.80%
26.33%
N/A
N/A
IAU
26.29%
-4.05%
7.41%
31.44%
11.98%
7.88%
Key characteristics
| ICOP | IAU | |
|---|---|---|
| Sharpe Ratio | 0.89 | 2.12 |
| Sortino Ratio | 1.39 | 2.85 |
| Omega Ratio | 1.17 | 1.37 |
| Calmar Ratio | 1.10 | 3.87 |
| Martin Ratio | 2.35 | 12.76 |
| Ulcer Index | 11.88% | 2.46% |
| Daily Std Dev | 31.34% | 14.84% |
| Max Drawdown | -25.40% | -45.14% |
| Current Drawdown | -19.80% | -6.38% |
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ICOP vs. IAU - Expense Ratio Comparison
ICOP has a 0.47% expense ratio, which is higher than IAU's 0.25% expense ratio.
Correlation
The correlation between ICOP and IAU is 0.52, 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.
Risk-Adjusted Performance
ICOP vs. IAU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Copper And Metals Mining ETF (ICOP) and iShares Gold Trust (IAU). 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. IAU - Dividend Comparison
ICOP's dividend yield for the trailing twelve months is around 2.13%, while IAU has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
ICOP Ishares Copper And Metals Mining ETF | 2.13% | 2.15% |
IAU iShares Gold Trust | 0.00% | 0.00% |
Drawdowns
ICOP vs. IAU - Drawdown Comparison
The maximum ICOP drawdown since its inception was -25.40%, smaller than the maximum IAU drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for ICOP and IAU. For additional features, visit the drawdowns tool.
Volatility
ICOP vs. IAU - Volatility Comparison
Ishares Copper And Metals Mining ETF (ICOP) has a higher volatility of 9.09% compared to iShares Gold Trust (IAU) at 5.65%. This indicates that ICOP's price experiences larger fluctuations and is considered to be riskier than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.