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 0.40 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
- 1.93%
- 1M
- -3.01%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ICOP
- 1D
- -0.22%
- 1M
- -10.43%
- YTD
- 10.90%
- 6M
- 7.17%
- 1Y
- 68.22%
- 3Y*
- 28.20%
- 5Y*
- —
- 10Y*
- —
SCOP vs. ICOP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SCOP Sprott Physical Copper Trust | -3.17% |
ICOP iShares Copper and Metals Mining ETF | -0.51% |
Correlation
The correlation between SCOP and ICOP is 0.40, 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 | 0.40 |
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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 | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.55 | — |
| Martin ratioReturn relative to average drawdown | — | 8.72 | — |
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Drawdowns
SCOP vs. ICOP - Drawdown Comparison
The maximum SCOP drawdown since its inception was -13.22%, 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 | -13.22% | -38.67% | +25.45% |
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 | -11.09% | -15.74% | +4.65% |
Average DrawdownAverage peak-to-trough decline | -6.54% | -11.62% | +5.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.62% | — |
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 | — | 16.31% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 35.17% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 40.87% | 39.94% | +0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.87% | 34.47% | +6.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.87% | 34.47% | +6.40% |
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 1.83%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ICOP iShares Copper and Metals Mining ETF | 1.83% | 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 0.40, 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 1.83%, 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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