iShares Copper and Metals Mining ETF
$54.71−1.74 (−3.08%)
- Expense ratio
- 0.47%
- Fund size
- $484M
- 1Y return
- +63.7%
- Yield · Last 12 months
- 1.58%
- Holdings
- 64
- Volume · 30D
- 0.1M sh
- NAV per share
- $55.00
- 52W range
The ETF.net ICOP Grade
Score 67 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 85Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 42Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 69Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 46Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 78Category rank
Our read on ICOP
BThe copper-miner aisle has a price leader. ICOP tracks a global index of copper and metals miners for 0.47% a year, the lowest sticker in its peer group, with BlackRock's indexing machinery behind it.
The Fund seeks to track an index of U.S. and non-U.S. equities of companies primarily engaged in copper and metal ore mining.
Why people hold it
- At 0.47% a year it is the cheapest fund in the copper-mining cohort, undercutting COPX (0.65%), COPP (0.66%), COPJ (0.75%) and KCOP (0.99%), and sitting below the group's 0.66% median.
- A rules-based pure play: it follows the STOXX Global Copper and Metals Mining Index, holding companies primarily engaged in copper and metal ore mining. Miners' shares, not copper futures, and no stock-picking.ishares.com
- Global by mandate, not by accident: the index reaches U.S. and non-U.S. miners, which is where much of the world's copper actually trades. Distributions are paid quarterly.ishares.com
- One of the stronger builds in a small copper-mining field, pairing the lowest fee in the group with a mainstream iShares index wrapper.
Worth knowing
- Non-diversified by design: a few dozen miners levered to one metal, with the largest names carrying a big slice. Copper prices and mine-level news drive the ride.ishares.com
- A large share of the basket is listed outside the U.S., so currency moves and foreign market risks come along with the copper exposure.ishares.com
- It launched in 2023, so the live record is short, and trading is moderate rather than heavy. Limit orders earn their keep on bigger tickets.
ICOP Holdings
- Stocks
- 64
- 61%
- FCX
Sectors
- Materials100.0%
Geography
- Canada26.84%
- Australia17.31%
- United Kingdom17.15%
- United States16.75%
- Mexico8.11%
- Poland3.43%
- Switzerland3.37%
- Brazil2.95%
- 4.10%
Developed 79% · Emerging 21%
ICOP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | ICOP |
|---|---|
| Year to date | +28.0% |
| 1 month | −4.9% |
| 3 months | +6.4% |
| 1 year | +63.7% |
| 3 years | +35.7% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ICOP |
|---|---|---|
| 2026 YTD | +28.0% | |
| 2025 | +78.0% | |
| 2024 | +1.1% | |
| 2023 | +6.8% |
ICOP in the news
ETF.net Research hasn’t filed on ICOP yet — coverage lands here as it’s written.
ICOP Dividends
- 1.58%
- $0.89
- $0.27 per share
- Twice a year
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 15, 2026 | Jun 18, 2026 | $0.27 |
| Dec 30, 2025 | Jan 5, 2026 | $0.03 |
| Dec 16, 2025 | Dec 19, 2025 | $0.59 |
| Jun 16, 2025 | Jun 20, 2025 | $0.30 |
| Dec 17, 2024 | Dec 20, 2024 | $0.42 |
| Jun 11, 2024 | Jun 17, 2024 | $0.05 |
| Dec 20, 2023 | Dec 27, 2023 | $0.55 |
ICOP Risk
- 29.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.06
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −38.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.34
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ICOP Cost
- The middle half of Global Thematic funds
- Median 0.58%
4 of the 21 Global Thematic funds charge less.