SCOP vs. ICOP
SCOP (Sprott Physical Copper Trust) and ICOP (iShares Copper and Metals Mining ETF) are both Copper funds. SCOP is actively managed, while ICOP is passively managed. At a 0.44 correlation, their price movements are largely independent. SCOP charges 1.30%/yr vs 0.47%/yr for ICOP.
Performance
SCOP vs. ICOP - Performance Comparison
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Returns By Period
SCOP
- 1D
- -1.66%
- 1M
- -13.74%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ICOP
- 1D
- -1.00%
- 1M
- -12.97%
- 6M
- -4.52%
- YTD
- 6.32%
- 1Y
- 60.82%
- 3Y*
- 24.71%
- 5Y*
- —
- 10Y*
- —
SCOP vs. ICOP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SCOP Sprott Physical Copper Trust | -13.67% |
ICOP iShares Copper and Metals Mining ETF | -4.61% |
Correlation
The correlation between SCOP and ICOP is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 4, 2026 | 0.44 |
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Return for Risk
SCOP vs. ICOP — Risk / Return Rank
SCOP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ICOP
SCOP vs. ICOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Copper Trust (SCOP) 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.
| SCOP | ICOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.37 | — |
| Martin ratioReturn relative to average drawdown | — | 7.23 | — |
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Drawdowns
SCOP vs. ICOP - Drawdown Comparison
The maximum SCOP drawdown since its inception was -21.04%, smaller than the maximum ICOP drawdown of -38.67%. Use the drawdown chart below to compare losses from any high point for SCOP and ICOP.
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Drawdown Indicators
| SCOP | ICOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.04% | -38.67% | +17.63% |
Max Drawdown (1Y)Largest decline over 1 year | — | -26.13% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -38.67% | — |
Current DrawdownCurrent decline from peak | -20.73% | -19.22% | -1.51% |
Average DrawdownAverage peak-to-trough decline | -9.30% | -11.71% | +2.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 8.54% | — |
Volatility
SCOP vs. ICOP - Volatility Comparison
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Volatility by Period
| SCOP | ICOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.92% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 35.43% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 37.99% | 40.36% | -2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.99% | 34.58% | +3.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.99% | 34.58% | +3.41% |
SCOP vs. ICOP - Expense Ratio Comparison
SCOP has a 1.30% expense ratio, which is higher than ICOP's 0.47% expense ratio.
Dividends
SCOP vs. ICOP - Dividend Comparison
SCOP has not paid dividends to shareholders, while ICOP's dividend yield for the trailing twelve months is around 1.91%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ICOP iShares Copper and Metals Mining ETF | 1.91% | 2.08% | 1.87% | 2.15% |
SCOP Sprott Physical Copper Trust | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SCOP and ICOP have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICOP is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICOP is cheaper with a 0.47% expense ratio, compared with 1.30% for SCOP.
ICOP has the higher dividend yield at 1.91%, compared with 0.00% for SCOP.
They also come from different issuers: Sprott and iShares. Their fees differ too: 1.30% for SCOP and 0.47% for ICOP.
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