ICOP vs. XOP
Compare and contrast key facts about Ishares Copper And Metals Mining ETF (ICOP) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP).
ICOP and XOP 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. XOP is a passively managed fund by State Street that tracks the performance of the S&P Oil & Gas Exploration & Production Select Industry. It was launched on Jun 19, 2006. Both ICOP and XOP 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. XOP - Performance Comparison
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ICOP vs. XOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ICOP Ishares Copper And Metals Mining ETF | 7.37% | 78.01% | 1.10% | 8.08% |
XOP SPDR S&P Oil & Gas Exploration & Production ETF | 44.59% | -2.15% | -1.00% | 13.96% |
Returns By Period
In the year-to-date period, ICOP achieves a 7.37% return, which is significantly lower than XOP's 44.59% return.
ICOP
- 1D
- 7.18%
- 1M
- -16.75%
- YTD
- 7.37%
- 6M
- 28.32%
- 1Y
- 88.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XOP
- 1D
- -1.97%
- 1M
- 18.76%
- YTD
- 44.59%
- 6M
- 39.10%
- 1Y
- 41.36%
- 3Y*
- 15.28%
- 5Y*
- 19.07%
- 10Y*
- 6.29%
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ICOP vs. XOP - Expense Ratio Comparison
ICOP has a 0.47% expense ratio, which is higher than XOP's 0.35% expense ratio.
Return for Risk
ICOP vs. XOP — Risk / Return Rank
ICOP
XOP
ICOP vs. XOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Copper And Metals Mining ETF (ICOP) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP). 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 | XOP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.32 | 1.24 | +1.08 |
Sortino ratioReturn per unit of downside risk | 2.70 | 1.68 | +1.02 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.24 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 3.21 | 1.78 | +1.43 |
Martin ratioReturn relative to average drawdown | 13.35 | 5.81 | +7.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ICOP | XOP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 1.24 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.56 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.07 | +0.86 |
Correlation
The correlation between ICOP and XOP is 0.33, 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. XOP - Dividend Comparison
ICOP's dividend yield for the trailing twelve months is around 1.94%, more than XOP's 1.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICOP Ishares Copper And Metals Mining ETF | 1.94% | 2.08% | 1.87% | 2.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XOP SPDR S&P Oil & Gas Exploration & Production ETF | 1.79% | 2.62% | 2.45% | 2.63% | 2.47% | 1.61% | 2.34% | 1.47% | 0.99% | 0.76% | 0.76% | 2.21% |
Drawdowns
ICOP vs. XOP - Drawdown Comparison
The maximum ICOP drawdown since its inception was -38.67%, smaller than the maximum XOP drawdown of -90.27%. Use the drawdown chart below to compare losses from any high point for ICOP and XOP.
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Drawdown Indicators
| ICOP | XOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.67% | -90.27% | +51.60% |
Max Drawdown (1Y)Largest decline over 1 year | -26.13% | -23.81% | -2.32% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.61% | — |
Current DrawdownCurrent decline from peak | -16.97% | -32.42% | +15.45% |
Average DrawdownAverage peak-to-trough decline | -11.85% | -42.64% | +30.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.28% | 7.32% | -1.04% |
Volatility
ICOP vs. XOP - Volatility Comparison
Ishares Copper And Metals Mining ETF (ICOP) has a higher volatility of 17.29% compared to SPDR S&P Oil & Gas Exploration & Production ETF (XOP) at 7.05%. This indicates that ICOP's price experiences larger fluctuations and is considered to be riskier than XOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICOP | XOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.29% | 7.05% | +10.24% |
Volatility (6M)Calculated over the trailing 6-month period | 30.15% | 19.16% | +10.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.44% | 33.50% | +4.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.10% | 34.15% | -1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.10% | 40.28% | -7.18% |