ISTM vs. SCOP

Last updated Aug 2, 2026

ISTM (iShares Strategic Metals ETF) and SCOP (Sprott Physical Copper Trust) are both exchange-traded funds - ISTM is a Rare Earth & Strategic Metals fund tracking the ICE Strategic Re-Industrialization Metals Index, while SCOP is a Copper fund actively managed by Sprott. ISTM is passively managed, while SCOP is actively managed. Their 0.58 correlation means they have sometimes moved together and sometimes differently. ISTM charges 0.49%/yr vs 1.30%/yr for SCOP.

Performance

ISTM vs. SCOP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Strategic Metals ETF (ISTM) and Sprott Physical Copper Trust (SCOP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ISTM

• 1D: -0.81%
• 1M: 1.56%
• 6M: -6.72%
• YTD: 3.04%
• 1Y: 42.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.63%

SCOP

• 1D: 1.65%
• 1M: -1.68%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ISTM iShares Strategic Metals ETF	$176.40K	$165.13K	$173.66K
SCOP Sprott Physical Copper Trust	$882.28K	$755.57K	$980.47K

ISTM vs. SCOP - Yearly Performance Comparison

	2026 (YTD)
ISTM iShares Strategic Metals ETF	-6.46%
SCOP Sprott Physical Copper Trust	-7.50%

Correlation

The correlation between ISTM and SCOP 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 (All Time) Calculated using the full available price history since May 4, 2026	0.58

Return for Risk

ISTM vs. SCOP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ISTM

ISTM Risk / Return Rank: 52
ISTM Sharpe Ratio Rank: 58
ISTM Sortino Ratio Rank: 48
ISTM Omega Ratio Rank: 61
ISTM Calmar Ratio Rank: 54
ISTM Martin Ratio Rank: 38

SCOP

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

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.

ISTM vs. SCOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Strategic Metals ETF (ISTM) and Sprott Physical Copper Trust (SCOP). 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.

	ISTM	SCOP	Difference
Sharpe ratio: Return per unit of total volatility	1.40	—	—
Sortino ratio: Return per unit of downside risk	1.74	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	1.92	—	—
Martin ratio: Return relative to average drawdown	3.88	—	—

Drawdowns

ISTM vs. SCOP - Drawdown Comparison

The maximum ISTM drawdown since its inception was -22.47%, which is greater than SCOP's maximum drawdown of -21.04%. Use the drawdown chart below to compare losses from any high point for ISTM and SCOP.

Drawdown Indicators

	ISTM	SCOP	Difference
Max Drawdown Largest peak-to-trough decline	-22.47%	-21.04%	-1.43%
Max Drawdown (1Y) Largest decline over 1 year	-22.47%	—	—
Current Drawdown Current decline from peak	-18.98%	-15.07%	-3.91%
Average Drawdown Average peak-to-trough decline	-7.15%	-10.20%	+3.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.09%	—	—

Volatility

Volatility by Period

	ISTM	SCOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.02%	—	—
Volatility (6M) Calculated over the trailing 6-month period	26.01%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	30.90%	42.84%	-11.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.23%	42.84%	-18.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.23%	42.84%	-18.61%

ISTM vs. SCOP - Expense Ratio Comparison

ISTM has a 0.49% expense ratio, which is lower than SCOP's 1.30% expense ratio.

Dividends

ISTM vs. SCOP - Dividend Comparison

ISTM's dividend yield for the trailing twelve months is around 14.34%, while SCOP has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
ISTM iShares Strategic Metals ETF	14.34%	14.78%	29.62%	1.02%
SCOP Sprott Physical Copper Trust	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ISTM and SCOP in my portfolio?

ISTM and SCOP 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.

Which ETF is better, ISTM or SCOP?

On fees, ISTM is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ISTM or SCOP?

ISTM is cheaper with a 0.49% expense ratio, compared with 1.30% for SCOP.

Which ETF pays a higher dividend yield, ISTM or SCOP?

ISTM has the higher dividend yield at 14.34%, compared with 0.00% for SCOP.

What is the main difference between ISTM and SCOP?

ISTM is categorized as Rare Earth & Strategic Metals, while SCOP is Copper. They also come from different issuers: iShares and Sprott. Their fees differ too: 0.49% for ISTM and 1.30% for SCOP.