OII vs. ICOP
OII (Oceaneering International, Inc.) is a stock, while ICOP (iShares Copper and Metals Mining ETF) is Copper fund tracking the STOXX Global Copper and Metals Mining Index. Over the past 3 years, OII returned 23.83%/yr vs 25.25%/yr for ICOP. At a 0.35 correlation, their price movements are largely independent.
Performance
OII vs. ICOP - Performance Comparison
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Returns By Period
In the year-to-date period, OII achieves a 76.03% return, which is significantly higher than ICOP's 7.40% return.
OII
- 1D
- -0.84%
- 1M
- 13.37%
- 6M
- 56.26%
- YTD
- 76.03%
- 1Y
- 106.54%
- 3Y*
- 23.83%
- 5Y*
- 26.50%
- 10Y*
- 3.64%
ICOP
- 1D
- -3.64%
- 1M
- -15.61%
- 6M
- -4.79%
- YTD
- 7.40%
- 1Y
- 62.99%
- 3Y*
- 25.25%
- 5Y*
- —
- 10Y*
- —
OII vs. ICOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
OII Oceaneering International, Inc. | 76.03% | -7.86% | 22.56% | 22.30% |
ICOP iShares Copper and Metals Mining ETF | 7.40% | 78.01% | 1.10% | 8.08% |
Correlation
The correlation between OII and ICOP is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2023 | 0.35 |
The correlation between OII and ICOP shifts across timeframes, from 0.24 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OII vs. ICOP — Risk / Return Rank
OII
ICOP
OII vs. ICOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oceaneering International, Inc. (OII) 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.
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.
| OII | ICOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.26 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 7.02 | 2.42 | +4.59 |
| Martin ratioReturn relative to average drawdown | 16.85 | 7.47 | +9.38 |
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Drawdowns
OII vs. ICOP - Drawdown Comparison
The maximum OII drawdown since its inception was -97.37%, which is greater than ICOP's maximum drawdown of -38.67%. Use the drawdown chart below to compare losses from any high point for OII and ICOP.
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Drawdown Indicators
| OII | ICOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.37% | -38.67% | -58.70% |
Max Drawdown (1Y)Largest decline over 1 year | -15.27% | -26.13% | +10.86% |
Max Drawdown (3Y)Largest decline over 3 years | -47.84% | -38.67% | -9.17% |
Max Drawdown (5Y)Largest decline over 5 years | -57.97% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -93.29% | — | — |
Current DrawdownCurrent decline from peak | -46.47% | -18.40% | -28.07% |
Average DrawdownAverage peak-to-trough decline | -38.56% | -11.70% | -26.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.34% | 8.46% | -2.12% |
Volatility
OII vs. ICOP - Volatility Comparison
Oceaneering International, Inc. (OII) has a higher volatility of 12.74% compared to iShares Copper and Metals Mining ETF (ICOP) at 11.97%. This indicates that OII's price experiences larger fluctuations and is considered to be riskier than ICOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OII | ICOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.74% | 11.97% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 33.44% | 35.51% | -2.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.19% | 40.34% | +2.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.99% | 34.60% | +16.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.85% | 34.60% | +28.25% |
Dividends
OII vs. ICOP - Dividend Comparison
OII has not paid dividends to shareholders, while ICOP's dividend yield for the trailing twelve months is around 1.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICOP iShares Copper and Metals Mining ETF | 1.89% | 2.08% | 1.87% | 2.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OII Oceaneering International, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.13% | 3.40% | 2.88% |
Frequently Asked Questions
OII and ICOP have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OII has higher volatility (12.74%) compared to ICOP (11.97%). In terms of maximum drawdown, OII dropped -97.37% vs ICOP's -38.67%.
OII currently has the higher Sharpe Ratio (2.48 vs 1.57), 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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