ICOP vs. OILT

Last updated Apr 1, 2026

Compare and contrast key facts about Ishares Copper And Metals Mining ETF (ICOP) and Texas Capital Texas Oil Index ETF (OILT).

ICOP and OILT 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. OILT is a passively managed fund by Texas Capital that tracks the performance of the Alerian Texas Weighted Oil and Gas Index - Benchmark TR Gross. It was launched on Dec 20, 2023. Both ICOP and OILT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ICOP vs. OILT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ishares Copper And Metals Mining ETF (ICOP) and Texas Capital Texas Oil Index ETF (OILT). The values are adjusted to include any dividend payments, if applicable.

ICOP vs. OILT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ICOP Ishares Copper And Metals Mining ETF	7.37%	78.01%	1.10%	0.52%
OILT Texas Capital Texas Oil Index ETF	44.81%	-3.30%	0.87%	-0.16%

Returns By Period

In the year-to-date period, ICOP achieves a 7.37% return, which is significantly lower than OILT's 44.81% return.

ICOP

• 1D: 7.18%
• 1M: -16.75%
• YTD: 7.37%
• 6M: 28.32%
• 1Y: 88.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

OILT

• 1D: -1.68%
• 1M: 17.56%
• YTD: 44.81%
• 6M: 44.96%
• 1Y: 38.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ICOP vs. OILT - Expense Ratio Comparison

ICOP has a 0.47% expense ratio, which is higher than OILT's 0.35% expense ratio.

ICOP

Ishares Copper And Metals Mining ETF

OILT

Texas Capital Texas Oil Index ETF

Return for Risk

ICOP vs. OILT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ICOP

ICOP Risk / Return Rank: 93
ICOP Sharpe Ratio Rank: 95
ICOP Sortino Ratio Rank: 93
ICOP Omega Ratio Rank: 91
ICOP Calmar Ratio Rank: 92
ICOP Martin Ratio Rank: 93

OILT

OILT Risk / Return Rank: 59
OILT Sharpe Ratio Rank: 63
OILT Sortino Ratio Rank: 61
OILT Omega Ratio Rank: 59
OILT Calmar Ratio Rank: 64
OILT Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ICOP vs. OILT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ishares Copper And Metals Mining ETF (ICOP) and Texas Capital Texas Oil Index ETF (OILT). 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.

	ICOP	OILT	Difference
Sharpe ratio Return per unit of total volatility	2.32	1.12	+1.19
Sortino ratio Return per unit of downside risk	2.70	1.58	+1.12
Omega ratio Gain probability vs. loss probability	1.38	1.22	+0.17
Calmar ratio Return relative to maximum drawdown	3.21	1.64	+1.57
Martin ratio Return relative to average drawdown	13.35	4.58	+8.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ICOP vs. OILT - Sharpe Ratio Comparison

The current ICOP Sharpe Ratio is 2.32, which is higher than the OILT Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of ICOP and OILT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ICOP	OILT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	1.12	+1.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	0.58	+0.34

Correlation

The correlation between ICOP and OILT is 0.29, 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.

Dividends

ICOP vs. OILT - Dividend Comparison

ICOP's dividend yield for the trailing twelve months is around 1.94%, less than OILT's 2.27% yield.

	TTM	2025	2024	2023
ICOP Ishares Copper And Metals Mining ETF	1.94%	2.08%	1.87%	2.15%
OILT Texas Capital Texas Oil Index ETF	2.27%	3.12%	2.63%	0.00%

Drawdowns

ICOP vs. OILT - Drawdown Comparison

The maximum ICOP drawdown since its inception was -38.67%, which is greater than OILT's maximum drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for ICOP and OILT.

Drawdown Indicators

	ICOP	OILT	Difference
Max Drawdown Largest peak-to-trough decline	-38.67%	-35.21%	-3.46%
Max Drawdown (1Y) Largest decline over 1 year	-26.13%	-24.58%	-1.55%
Current Drawdown Current decline from peak	-16.97%	-2.28%	-14.69%
Average Drawdown Average peak-to-trough decline	-11.85%	-13.25%	+1.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.28%	8.83%	-2.55%

Volatility

ICOP vs. OILT - Volatility Comparison

Ishares Copper And Metals Mining ETF (ICOP) has a higher volatility of 17.29% compared to Texas Capital Texas Oil Index ETF (OILT) at 6.20%. This indicates that ICOP's price experiences larger fluctuations and is considered to be riskier than OILT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ICOP	OILT	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.29%	6.20%	+11.09%
Volatility (6M) Calculated over the trailing 6-month period	30.15%	18.58%	+11.57%
Volatility (1Y) Calculated over the trailing 1-year period	38.44%	34.47%	+3.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.10%	28.31%	+4.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.10%	28.31%	+4.79%