ICPY vs. COPY

Last updated Jul 17, 2026

ICPY (Tweedy, Browne International Insider + Value ETF) and COPY (Tweedy, Browne Insider + Value ETF) are both exchange-traded funds - ICPY is a Foreign Large Cap Equities fund actively managed by Tweedy, Browne, while COPY is a Global Equities fund actively managed by Tweedy, Browne. Both are actively managed. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.80% expense ratio.

Performance

ICPY vs. COPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tweedy, Browne International Insider + Value ETF (ICPY) and Tweedy, Browne Insider + Value ETF (COPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ICPY achieves a 17.30% return, which is significantly lower than COPY's 18.84% return.

ICPY

• 1D: 0.51%
• 1M: 2.06%
• 6M: 13.08%
• YTD: 17.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

COPY

• 1D: 0.95%
• 1M: 2.00%
• 6M: 13.89%
• YTD: 18.84%
• 1Y: 30.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ICPY vs. COPY - Yearly Performance Comparison

	2026 (YTD)	2025
ICPY Tweedy, Browne International Insider + Value ETF	17.30%	13.79%
COPY Tweedy, Browne Insider + Value ETF	18.84%	6.22%

Correlation

The correlation between ICPY and COPY is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025	0.86

Return for Risk

ICPY vs. COPY — Risk / Return Rank

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

ICPY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

COPY

COPY Risk / Return Rank: 86
COPY Sharpe Ratio Rank: 89
COPY Sortino Ratio Rank: 90
COPY Omega Ratio Rank: 87
COPY Calmar Ratio Rank: 81
COPY Martin Ratio Rank: 84

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.

ICPY vs. COPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tweedy, Browne International Insider + Value ETF (ICPY) and Tweedy, Browne Insider + Value ETF (COPY). 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.

	ICPY	COPY	Difference
Sharpe ratio: Return per unit of total volatility	—	2.37	—
Sortino ratio: Return per unit of downside risk	—	3.45	—
Omega ratio: Gain probability vs. loss probability	—	1.42	—
Calmar ratio: Return relative to maximum drawdown	—	3.43	—
Martin ratio: Return relative to average drawdown	—	13.14	—

Drawdowns

ICPY vs. COPY - Drawdown Comparison

The maximum ICPY drawdown since its inception was -8.86%, smaller than the maximum COPY drawdown of -14.05%. Use the drawdown chart below to compare losses from any high point for ICPY and COPY.

Drawdown Indicators

	ICPY	COPY	Difference
Max Drawdown Largest peak-to-trough decline	-8.86%	-14.05%	+5.19%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.07%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.53%	-1.52%	-0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.36%	—

Volatility

Volatility by Period

	ICPY	COPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.50%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.77%	13.12%	+1.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.77%	16.98%	-2.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.77%	16.98%	-2.21%

ICPY vs. COPY - Expense Ratio Comparison

Both ICPY and COPY have an expense ratio of 0.80%.

Dividends

ICPY vs. COPY - Dividend Comparison

ICPY's dividend yield for the trailing twelve months is around 3.89%, more than COPY's 0.80% yield.

Position	TTM	2025
COPY Tweedy, Browne Insider + Value ETF	0.80%	0.95%
ICPY Tweedy, Browne International Insider + Value ETF	3.89%	4.56%

Frequently Asked Questions

Can I hold both ICPY and COPY in my portfolio?

ICPY and COPY have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ICPY or COPY?

Both ETFs have the same 0.80% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ICPY or COPY?

ICPY and COPY have the same expense ratio: 0.80% per year.

Which ETF pays a higher dividend yield, ICPY or COPY?

ICPY has the higher dividend yield at 3.89%, compared with 0.80% for COPY.

What is the main difference between ICPY and COPY?

ICPY is categorized as Foreign Large Cap Equities, while COPY is Global Equities.