Correlation
The correlation between ICOP and NIKL is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
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
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Key characteristics
ICOP:
-0.35
NIKL:
-0.92
ICOP:
-0.40
NIKL:
-1.34
ICOP:
0.95
NIKL:
0.85
ICOP:
-0.38
NIKL:
-0.47
ICOP:
-1.01
NIKL:
-1.04
ICOP:
14.51%
NIKL:
27.04%
ICOP:
34.62%
NIKL:
29.37%
ICOP:
-38.67%
NIKL:
-60.23%
ICOP:
-19.75%
NIKL:
-41.53%
Returns By Period
In the year-to-date period, ICOP achieves a 9.44% return, which is significantly higher than NIKL's 2.16% return.
ICOP
9.44%
6.44%
-0.64%
-11.78%
N/A
N/A
N/A
NIKL
2.16%
19.17%
-5.63%
-26.98%
N/A
N/A
N/A
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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.
Risk-Adjusted Performance
ICOP vs. NIKL — Risk-Adjusted Performance Rank
ICOP
NIKL
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.
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Dividends
ICOP vs. NIKL - Dividend Comparison
ICOP's dividend yield for the trailing twelve months is around 1.70%, less than NIKL's 3.42% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
ICOP Ishares Copper And Metals Mining ETF | 1.70% | 1.87% | 2.15% |
NIKL Sprott Nickel Miners ETF | 3.42% | 3.49% | 19.51% |
Drawdowns
ICOP vs. NIKL - Drawdown Comparison
The maximum ICOP drawdown since its inception was -38.67%, smaller than the maximum NIKL drawdown of -60.23%. Use the drawdown chart below to compare losses from any high point for ICOP and NIKL.
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Volatility
ICOP vs. NIKL - Volatility Comparison
The current volatility for Ishares Copper And Metals Mining ETF (ICOP) is 5.92%, while Sprott Nickel Miners ETF (NIKL) has a volatility of 7.86%. This indicates that ICOP experiences smaller price fluctuations and is considered to be less risky than NIKL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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