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Launched

iShares Copper and Metals Mining ETF

ICOPNasdaqiSharesB

$47.58+0.77 (+1.64%)

At close: Nov 2, 2026, 4:00 PM ET

B68/ 100

Rank 4 of 19 in Global Thematic

B68/100Rank 4 of 19inGlobal Thematic
Intraday session: up, 79 prints from 46.81 to 47.58. Range 47.58 to 48.52. Use the arrow keys to read each point.47.0048.0048.5010 AM12 PM2 PM4 PM
Expense ratio
0.47%
Fund size
$408M
1Y total return
+23.6%
Yield · Last 12 months
1.91%
Holdings
78
Avg volume · 30D
97.5K sh
52W range
low $36.08high $60.93
Launched

The ETF.net ICOP Grade

Based on 5 of 6 pillars

B

Score 68 out of 100

Category
Global Thematic⁠
Rank
4 of 19
Six-pillar profile for ICOP. Scores out of 100: Cost 83, Risk 40, Mission not scored, Tradability 81, Holdings 44, Durability 78. Strongest: Cost (83). Weakest: Risk (40). Based on 5 of 6 pillars.

Score 68 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.
    A83 out of 100
    Rank 3 of 19

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C40 out of 100
    Rank 13 of 19

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A81 out of 100
    Rank 2 of 19

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C44 out of 100
    Rank 13 of 17

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A78 out of 100
    Rank 3 of 19

Our read on ICOP

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Jun 21, 2023

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$12,360
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. ICOP $12,360. SPY $11,199. Use the arrow keys to read each point.$10,000$12,500$15,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for ICOP. Periods over one year show the average yearly return.
PeriodICOP
Year to date+6.2%
1 month−12.0%
3 months−6.3%
1 year+23.6%
3 yearsper year+32.0%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ICOP
YearReturn barICOP
2026 YTD+6.2%
2025+78.0%
2024+1.1%
2023+6.8%

History from Jun 26, 2023

ICOP in the news

ICOP Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.91%Last 12 months
Payout per share
$0.89Last 12 months
Last payment
$0.27 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2023–2026

One bar per payment. 7 payments from 2023 to 2026 YTD. Dec 20, 2023 $0.55; Jun 11, 2024 $0.05; Dec 17, 2024 $0.42; Jun 16, 2025 $0.30; Dec 16, 2025 $0.59; Dec 30, 2025 $0.03; Jun 15, 2026 $0.27. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Jun 15, 2026Jun 18, 2026$0.27
Dec 30, 2025Jan 5, 2026$0.03
Dec 16, 2025Dec 19, 2025$0.59
Jun 16, 2025Jun 20, 2025$0.30
Dec 17, 2024Dec 20, 2024$0.42
Jun 11, 2024Jun 17, 2024$0.05
Dec 20, 2023Dec 27, 2023$0.55

$10,000 in ICOP 3 years ago paid $977 in dividends.

ICOP Risk

Risk pillarC40 out of 100Rank 13 of 19 in Global Thematic
How much the fund’s monthly returns vary, scaled to a year.
30.3%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.93
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−38.6%
40 months · trough Apr 2025
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.

How strongly the fund’s returns move with its asset-class index.
1.34
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

ICOP Cost

Compare ICOP and WRND

Overpaying vs WRND, cheapest in Global Thematic

$5,669

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ICOP 0.47%

    $9,418

  • WRND 0.18% Cheapest

    $3,749

$10,000
30 years

Cost over time

  • ICOP 0.47%
  • WRND 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530ICOP $9,418WRND $3,749

Year by year

YearICOPWRNDOverpaying
10$847$328$519
20$3,261$1,281$1,980
30$9,418$3,749$5,669

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