ICOP vs. NIKL
Compare and contrast key facts about Ishares Copper And Metals Mining ETF (ICOP) and Sprott Nickel Miners ETF (NIKL).
ICOP and NIKL 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. NIKL is a passively managed fund by Sprott that tracks the performance of the Nasdaq Sprott Nickel Miners Index - Benchmark TR Gross. It was launched on Mar 21, 2023. Both ICOP and NIKL 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 NIKL.
Performance
ICOP vs. NIKL - Performance Comparison
Returns By Period
In the year-to-date period, ICOP achieves a 10.58% return, which is significantly higher than NIKL's -15.20% return.
ICOP
10.58%
-8.64%
-19.80%
26.33%
N/A
N/A
NIKL
-15.20%
-8.49%
-25.08%
-18.99%
N/A
N/A
Key characteristics
| ICOP | NIKL | |
|---|---|---|
| Sharpe Ratio | 0.89 | -0.66 |
| Sortino Ratio | 1.39 | -0.85 |
| Omega Ratio | 1.17 | 0.91 |
| Calmar Ratio | 1.10 | -0.45 |
| Martin Ratio | 2.35 | -1.08 |
| Ulcer Index | 11.88% | 16.70% |
| Daily Std Dev | 31.34% | 27.22% |
| Max Drawdown | -25.40% | -40.28% |
| Current Drawdown | -19.80% | -37.39% |
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ICOP vs. NIKL - Expense Ratio Comparison
ICOP has a 0.47% expense ratio, which is lower than NIKL's 0.75% expense ratio.
Correlation
The correlation between ICOP and NIKL is 0.60, 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. NIKL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Copper And Metals Mining ETF (ICOP) and Sprott Nickel Miners ETF (NIKL). 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. NIKL - Dividend Comparison
ICOP's dividend yield for the trailing twelve months is around 2.13%, less than NIKL's 23.01% yield.
| TTM | 2023 | |
|---|---|---|
ICOP Ishares Copper And Metals Mining ETF | 2.13% | 2.15% |
NIKL Sprott Nickel Miners ETF | 23.01% | 19.51% |
Drawdowns
ICOP vs. NIKL - Drawdown Comparison
The maximum ICOP drawdown since its inception was -25.40%, smaller than the maximum NIKL drawdown of -40.28%. Use the drawdown chart below to compare losses from any high point for ICOP and NIKL. For additional features, visit the drawdowns tool.
Volatility
ICOP vs. NIKL - Volatility Comparison
Ishares Copper And Metals Mining ETF (ICOP) has a higher volatility of 9.09% compared to Sprott Nickel Miners ETF (NIKL) at 6.56%. This indicates that ICOP's price experiences larger fluctuations and is considered to be riskier than NIKL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.