Launch Roundup
First Trust listed six income ETFs at 0.85%, and the new fund flagged its own conflict
iShares Copper and Metals Mining ETF
$53.69−0.77 (−1.42%)
- 0.47%
- $479M
- +48.1%
- 1.64%
- 0.1M sh
- $54.42
- low $36.08high $60.93
The ETF.net ICOP Grade
B
Score 69 out of 100
- 4 of 21
Score 69 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A85 out of 100Rank 3 of 21Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C40 out of 100Rank 15 of 21Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A81 out of 100Rank 2 of 21Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C44 out of 100Rank 13 of 18Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A78 out of 100Rank 3 of 21
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
- 80
- 62%
- FCX
Sectors
- Materials99.6%
- Industrials0.4%
Geography
- Canada29.52%
- United States19.35%
- United Kingdom16.14%
- Australia13.35%
- Mexico8.88%
- Switzerland3.26%
- Poland3.20%
- Brazil2.36%
- 3.94%
Developed 78% · Emerging 22%
ICOP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
ICOP$14,814
Returns run to the Oct 12, 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 | +23.5% |
| 1 month | −1.6% |
| 3 months | +11.7% |
| 1 year | +48.1% |
| 3 years | +36.0% |
| 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 | +23.5% | |
| 2025 | +78.0% | |
| 2024 | +1.1% | |
| 2023 | +6.8% |
ICOP in the news
ICOP Dividends
- 1.64%
- $0.89
- $0.27 per share
- Twice a year
Distribution history
ICOP Risk
- 29.8%
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.
- 0.97
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
0.47%
ICOP0.47%
- The middle half of Global Thematic funds
- Median 0.58%
4 of the 21 Global Thematic funds charge less.
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