PICK vs. SCOP

Last updated Aug 2, 2026

PICK (iShares MSCI Global Metals & Mining Producers ETF) and SCOP (Sprott Physical Copper Trust) are both exchange-traded funds - PICK is a Metals fund tracking the MSCI ACWI Select Metals & Mining Producers ex Gold and Silver Investable Market Index, while SCOP is a Copper fund actively managed by Sprott. PICK is passively managed, while SCOP is actively managed. Their 0.43 correlation means their historical movements had little consistent relationship. PICK charges 0.39%/yr vs 1.30%/yr for SCOP.

Performance

PICK vs. SCOP - Performance Comparison

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

Returns By Period

PICK

• 1D: -0.68%
• 1M: 2.44%
• 6M: 2.29%
• YTD: 16.18%
• 1Y: 58.79%
• 3Y*: 15.08%
• 5Y*: 9.26%
• 10Y*: 14.91%
• ALL TIME*: 5.11%

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)
PICK iShares MSCI Global Metals & Mining Producers ETF	$52.34M	$45.18M	$51.90M
SCOP Sprott Physical Copper Trust	$882.28K	$755.57K	$980.47K

PICK vs. SCOP - Yearly Performance Comparison

	2026 (YTD)
PICK iShares MSCI Global Metals & Mining Producers ETF	-2.86%
SCOP Sprott Physical Copper Trust	-7.50%

Correlation

The correlation between PICK and SCOP is 0.43, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 4, 2026	0.43

Return for Risk

PICK vs. SCOP — Risk / Return Rank

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

PICK

PICK Risk / Return Rank: 77
PICK Sharpe Ratio Rank: 83
PICK Sortino Ratio Rank: 75
PICK Omega Ratio Rank: 79
PICK Calmar Ratio Rank: 82
PICK Martin Ratio Rank: 67

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.

PICK vs. SCOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Metals & Mining Producers ETF (PICK) 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.

	PICK	SCOP	Difference
Sharpe ratio: Return per unit of total volatility	1.92	—	—
Sortino ratio: Return per unit of downside risk	2.41	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.98	—	—
Martin ratio: Return relative to average drawdown	8.10	—	—

Drawdowns

PICK vs. SCOP - Drawdown Comparison

The maximum PICK drawdown since its inception was -68.87%, which is greater than SCOP's maximum drawdown of -21.04%. Use the drawdown chart below to compare losses from any high point for PICK and SCOP.

Drawdown Indicators

	PICK	SCOP	Difference
Max Drawdown Largest peak-to-trough decline	-68.87%	-21.04%	-47.83%
Max Drawdown (1Y) Largest decline over 1 year	-19.54%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-32.52%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.37%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-52.72%	—	—
Current Drawdown Current decline from peak	-13.47%	-15.07%	+1.60%
Average Drawdown Average peak-to-trough decline	-23.99%	-10.20%	-13.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.17%	—	—

Volatility

Volatility by Period

	PICK	SCOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	26.71%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	30.29%	42.84%	-12.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.11%	42.84%	-14.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.29%	42.84%	-14.55%

PICK vs. SCOP - Expense Ratio Comparison

PICK has a 0.39% expense ratio, which is lower than SCOP's 1.30% expense ratio.

Dividends

PICK vs. SCOP - Dividend Comparison

PICK's dividend yield for the trailing twelve months is around 2.23%, while SCOP has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PICK iShares MSCI Global Metals & Mining Producers ETF	2.23%	2.88%	3.26%	4.19%	6.93%	5.89%	2.27%	5.51%	4.77%	2.41%	1.15%	15.77%
SCOP Sprott Physical Copper Trust	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PICK and SCOP in my portfolio?

PICK and SCOP have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PICK or SCOP?

On fees, PICK is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PICK or SCOP?

PICK is cheaper with a 0.39% expense ratio, compared with 1.30% for SCOP.

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

PICK has the higher dividend yield at 2.23%, compared with 0.00% for SCOP.

What is the main difference between PICK and SCOP?

PICK is categorized as Metals, while SCOP is Copper. They also come from different issuers: iShares and Sprott. Their fees differ too: 0.39% for PICK and 1.30% for SCOP.