COPP vs ICOP

COPPDSprott Copper Miners ETF

ICOPBiShares Copper and Metals Mining ETF

In short

COPP Copper's electrification story played through the shovels, not the metal. COPP indexes roughly 80 miners worldwide, the broad half of Sprott's two-lane copper shelf.

ICOP The 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

COPP The fund seeks, before fees and expenses, to generally match the total-return performance of the Nasdaq Sprott Copper MinersTM Index.

ICOP 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

• COPP Rules-based, not stock-picked: it tracks the Nasdaq Sprott Copper Miners Index across roughly 80 miners globally.sprott.com
• At 0.66%, it prices right at the middle of the copper-miner shelf. No surcharge for the specialist wrapper.
• Sprott runs copper in two lanes: COPP for the broad miner index, COPJ for the juniors. You pick the risk end instead of taking a blend.

• ICOP 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

• COPP It launched in 2024, so the track record does not yet cover a full copper cycle.
• Cheaper doors into the theme exist: ICOP lists at 0.47% and COPX at 0.65%.
• One metal, one sector: it rises and falls with copper miners, and cash comes back once or twice a year at most, not monthly.

• ICOP 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.

Full COPP profile⁠

Full ICOP profile⁠