NIKL vs. ICOP
Compare and contrast key facts about Sprott Nickel Miners ETF (NIKL) and Ishares Copper And Metals Mining ETF (ICOP).
NIKL and ICOP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NIKL is a passively managed fund by Sprott that tracks the performance of the Nasdaq Sprott Nickel Miners Index - Benchmark TR Gross. It was launched on Mar 21, 2023. 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. Both NIKL and ICOP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NIKL or ICOP.
Performance
NIKL vs. ICOP - Performance Comparison
Returns By Period
In the year-to-date period, NIKL achieves a -15.20% return, which is significantly lower than ICOP's 10.58% return.
NIKL
-15.20%
-8.49%
-25.08%
-18.99%
N/A
N/A
ICOP
10.58%
-8.64%
-19.80%
26.33%
N/A
N/A
Key characteristics
| NIKL | ICOP | |
|---|---|---|
| Sharpe Ratio | -0.66 | 0.89 |
| Sortino Ratio | -0.85 | 1.39 |
| Omega Ratio | 0.91 | 1.17 |
| Calmar Ratio | -0.45 | 1.10 |
| Martin Ratio | -1.08 | 2.35 |
| Ulcer Index | 16.70% | 11.88% |
| Daily Std Dev | 27.22% | 31.34% |
| Max Drawdown | -40.28% | -25.40% |
| Current Drawdown | -37.39% | -19.80% |
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NIKL vs. ICOP - Expense Ratio Comparison
NIKL has a 0.75% expense ratio, which is higher than ICOP's 0.47% expense ratio.
Correlation
The correlation between NIKL and ICOP is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
NIKL vs. ICOP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Nickel Miners ETF (NIKL) and Ishares Copper And Metals Mining ETF (ICOP). 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.
Dividends
NIKL vs. ICOP - Dividend Comparison
NIKL's dividend yield for the trailing twelve months is around 23.01%, more than ICOP's 2.13% yield.
| TTM | 2023 | |
|---|---|---|
NIKL Sprott Nickel Miners ETF | 23.01% | 19.51% |
ICOP Ishares Copper And Metals Mining ETF | 2.13% | 2.15% |
Drawdowns
NIKL vs. ICOP - Drawdown Comparison
The maximum NIKL drawdown since its inception was -40.28%, which is greater than ICOP's maximum drawdown of -25.40%. Use the drawdown chart below to compare losses from any high point for NIKL and ICOP. For additional features, visit the drawdowns tool.
Volatility
NIKL vs. ICOP - Volatility Comparison
The current volatility for Sprott Nickel Miners ETF (NIKL) is 6.56%, while Ishares Copper And Metals Mining ETF (ICOP) has a volatility of 9.09%. This indicates that NIKL experiences smaller price fluctuations and is considered to be less risky than ICOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.