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ICOP vs. SOXX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ICOP vs. SOXX

Last updated Aug 2, 2026
Documentation

ICOP (iShares Copper and Metals Mining ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - ICOP is a Copper fund tracking the STOXX Global Copper and Metals Mining Index, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past 3 years, ICOP returned 26.30%/yr vs 42.35%/yr for SOXX. Their 0.48 correlation means their historical movements had little consistent relationship. ICOP charges 0.47%/yr vs 0.34%/yr for SOXX.

Performance

ICOP vs. SOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Copper and Metals Mining ETF (ICOP) and iShares Semiconductor ETF (SOXX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ICOP achieves a 13.30% return, which is significantly lower than SOXX's 67.84% return.

ICOP

1D
-1.40%
1M
1.44%
6M
-1.66%
YTD
13.30%
1Y
75.25%
3Y*
26.30%
5Y*
—
10Y*
—
ALL TIME*
28.98%

SOXX

1D
0.07%
1M
-10.85%
6M
45.95%
YTD
67.84%
1Y
113.81%
3Y*
42.35%
5Y*
28.10%
10Y*
32.19%
ALL TIME*
13.83%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

ICOP

iShares Copper and Metals Mining ETF
$3.24M$3.32M$5.52M

SOXX

iShares Semiconductor ETF
$6.04B$5.84B$5.80B

ICOP vs. SOXX - Yearly Performance Comparison

2026 (YTD)202520242023
ICOP
iShares Copper and Metals Mining ETF		13.30%78.01%1.10%8.08%
SOXX
iShares Semiconductor ETF		67.84%40.74%12.92%17.41%

Correlation

The correlation between ICOP and SOXX is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.58

Correlation (3Y)
Balances recent behavior with more history.

0.49

Correlation (All Time)
Calculated using the full available price history since Jun 23, 2023

0.48

The correlation between ICOP and SOXX has been stable across timeframes, ranging from 0.48 to 0.58 - a consistent structural relationship.

ICOP vs. SOXX - Sectors Allocation Comparison

Sectors
ICOP
SOXX

Basic Materials

100.0%

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

100.0%

Utilities

-

-

Basic Materials

ICOP
100.0%
SOXX

-

Communication Services

ICOP

-

SOXX

-

Consumer Cyclical

ICOP

-

SOXX

-

Consumer Defensive

ICOP

-

SOXX

-

Energy

ICOP

-

SOXX

-

Financial Services

ICOP

-

SOXX

-

Healthcare

ICOP

-

SOXX

-

Industrials

ICOP

-

SOXX

-

Real Estate

ICOP

-

SOXX

-

Technology

ICOP

-

SOXX
100.0%

Utilities

ICOP

-

SOXX

-

Compare stocks, funds, or ETFs

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iShares Copper and Metals Mining ETF

iShares Semiconductor ETF

Often compared with ICOP:
ICOP vs. COPXICOP vs. CPERICOP vs. COPPICOP vs. PICKICOP vs. COPJICOP vs. IAUICOP vs. NIKL
Often compared with SOXX:
SOXX vs. SMHSOXX vs. QQQSOXX vs. SOXLSOXX vs. SOXQSOXX vs. FSELXSOXX vs. VGTSOXX vs. VOO

Return for Risk

ICOP vs. SOXX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
ICOP
ICOP Risk / Return Rank: 7575
Overall Rank
ICOP Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
ICOP Sortino Ratio Rank: 7171
Sortino Ratio Rank
ICOP Omega Ratio Rank: 7373
Omega Ratio Rank
ICOP Calmar Ratio Rank: 8080
Calmar Ratio Rank
ICOP Martin Ratio Rank: 6969
Martin Ratio Rank
SOXX
SOXX Risk / Return Rank: 9090
Overall Rank
SOXX Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
SOXX Sortino Ratio Rank: 8686
Sortino Ratio Rank
SOXX Omega Ratio Rank: 8787
Omega Ratio Rank
SOXX Calmar Ratio Rank: 9090
Calmar Ratio Rank
SOXX Martin Ratio Rank: 9393
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ICOP vs. SOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Copper and Metals Mining ETF (ICOP) and iShares Semiconductor ETF (SOXX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

ICOPSOXXDifference
Sharpe ratioReturn per unit of total volatility
1.85
2.53

-0.68

Sortino ratioReturn per unit of downside risk
2.29
2.83

-0.54

Omega ratioGain probability vs. loss probability

1.30

1.38

-0.08

Calmar ratioReturn relative to maximum drawdown

2.88

3.86

-0.98

Martin ratioReturn relative to average drawdown

8.34

16.24

-7.90

ICOP vs. SOXX - Sharpe Ratio Comparison

The current ICOP Sharpe Ratio is 1.85, which is comparable to the SOXX Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of ICOP and SOXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ICOP vs. SOXX - Drawdown Comparison

The maximum ICOP drawdown since its inception was -38.67%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for ICOP and SOXX.

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Drawdown Indicators

ICOPSOXXDifference

Max Drawdown

Largest peak-to-trough decline

-38.67%

-70.21%

+31.54%

Max Drawdown (1Y)

Largest decline over 1 year

-26.13%

-29.01%

+2.88%

Max Drawdown (3Y)

Largest decline over 3 years

-38.67%

-41.36%

+2.69%

Max Drawdown (5Y)

Largest decline over 5 years

—

-45.75%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-45.75%

—

Current Drawdown

Current decline from peak

-13.92%

-22.92%

+9.00%

Average Drawdown

Average peak-to-trough decline

-11.76%

-19.92%

+8.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.99%

6.88%

+2.11%

Volatility

ICOP vs. SOXX - Volatility Comparison

The current volatility for iShares Copper and Metals Mining ETF (ICOP) is 12.26%, while iShares Semiconductor ETF (SOXX) has a volatility of 17.83%. This indicates that ICOP experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ICOPSOXXDifference

Volatility (1M)

Calculated over the trailing 1-month period

12.26%

17.83%

-5.57%

Volatility (6M)

Calculated over the trailing 6-month period

35.69%

38.92%

-3.23%

Volatility (1Y)

Calculated over the trailing 1-year period

40.68%

44.48%

-3.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

34.64%

38.24%

-3.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.64%

34.54%

+0.10%

ICOP vs. SOXX - Expense Ratio Comparison

ICOP has a 0.47% expense ratio, which is higher than SOXX's 0.34% expense ratio.

Dividends

ICOP vs. SOXX - Dividend Comparison

ICOP's dividend yield for the trailing twelve months is around 1.79%, more than SOXX's 0.29% yield.

PositionTTM20252024202320222021202020192018201720162015
ICOP
iShares Copper and Metals Mining ETF		1.79%2.08%1.87%2.15%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SOXX
iShares Semiconductor ETF		0.29%0.57%0.67%0.78%1.26%0.64%0.81%1.23%1.37%0.90%1.08%1.29%

Frequently Asked Questions

ICOP and SOXX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SOXX has higher volatility (17.83%) compared to ICOP (12.26%). In terms of maximum drawdown, ICOP dropped -38.67% vs SOXX's -70.21%.

On 3-year performance, SOXX leads with 42.35% vs 26.30% for ICOP. On fees, SOXX is cheaper at 0.34% per year. On volatility, ICOP has been the lower-risk option at 12.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, SOXX has performed better with a 42.35% return vs 26.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SOXX is cheaper with a 0.34% expense ratio, compared with 0.47% for ICOP.

ICOP has the higher dividend yield at 1.79%, compared with 0.29% for SOXX.

ICOP is categorized as Copper, while SOXX is Semiconductors. ICOP tracks STOXX Global Copper and Metals Mining Index, while SOXX tracks NYSE Semiconductor Index. Their fees differ too: 0.47% for ICOP and 0.34% for SOXX.

SOXX currently has the higher Sharpe Ratio (2.53 vs 1.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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