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ICOP vs TRFK

iShares Copper and Metals Mining ETF

ICOPBNasdaq

Pacer Data and Digital Revolution ETF

TRFKBNYSE Arca

Overlap

Expense ratio

ICOP −0.02pt a year

ICOP0.47%TRFK0.49%

Avg volume · 30D

TRFK 1.7×the volume

ICOP97.5KTRFK166K

3Y return · a year

TRFK +9.8pt

ICOP+32.0%TRFK+41.8%

ICOP vs TRFK Performance

Oct 31, 2025 – Oct 30, 2026

+23.6%ICOP+15.9%TRFK

Oct 31, 2025 to Oct 30, 2026. ICOP +23.6%. TRFK +15.9%. Use the arrow keys to read each point.−20%0%40%60%Oct 2025Apr 2026Oct 2026
Expense ratio
ICOP 0.47%, better
TRFK 0.49%
Fund size
ICOP $408M
TRFK $1.05B
1Y total return
ICOP +23.6%, better
TRFK +15.9%
Yield (12M)
ICOP 1.91%, better
TRFK 0.03%
Holdings
ICOP 78
TRFK 99
Avg volume (30D)
ICOP 97.5K sh
TRFK 166K sh, better
NAV per share
ICOP $46.95
TRFK $84.96
52W range

ETF.net Grade

ICOP: Cost 83, Risk 40, Mission not scored, Tradability 81, Holdings 44, Durability 78. TRFK: Cost 67, Risk 46, Mission not scored, Tradability 81, Holdings 50, Durability 72.
Pillar letters and Scores for ICOP, TRFK, with each pillar’s weight
PillarICOPTRFK
Cost30% weightA83HigherB67
Mission25% weightNot scoredNot scored
Risk15% weightC40C46Higher
Tradability15% weightA81A81
Holdings10% weightC44C50Higher
Durability5% weightA78HigherA72

Rank among Global Thematic funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ICOP and TRFK are both graded against the same 18 Global Thematic funds, so their Grades compare head to head.

Global Thematic⁠

Category · 18 funds
See all 18 ›

ICOP ranks 4th and TRFK 6th of 18 funds in the Global Thematic Category.

  1. Rank 1AFITEState Street SPDR S&P Kensho Future Security ETFScore 79
  2. Rank 2AAGNGGlobal X Aging Population ETFScore 70
  3. Rank 3BWRNDNYLI Global Equity R&D Leaders ETFScore 69
  4. Rank 4BICOPiShares Copper and Metals Mining ETFScore 68
  5. Rank 5BHAILState Street SPDR S&P Kensho Smart Mobility ETFScore 67
  6. Rank 6BTRFKPacer Data and Digital Revolution ETFScore 63
  7. Rank 7BTHMZLazard Equity Megatrends ETFScore 56

Our read on each fund

ETF.net Research

ICOPBiShares Copper and Metals Mining ETF

TRFKBPacer Data and Digital Revolution ETF

In short

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.

TRFK Most tech themes chase the apps. TRFK buys the plumbing: roughly 100 globally listed companies tied to moving, transmitting and communicating data, chosen by index rules, for 0.49% a year.

Stated mandate

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.

TRFK The fund seeks exposure to globally listed stocks and depositary receipts of companies involved in the data and digital revolution.

Why people hold it

  • 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.
  • TRFK Global by design: the mandate reaches past US mega-caps to stocks and depositary receipts listed worldwide that sit in the data and digital build-out.paceretfs.com
  • 0.49% a year undercuts the typical global thematic fund, and a rules-based index does the picking instead of a manager's hunch.paceretfs.com
  • Unusually easy to trade for a niche theme fund, and it has gathered over a billion dollars, which is rare air among global thematic launches.

Worth knowing

  • 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.
  • TRFK One theme, about 100 stocks. That concentration cuts both ways, and the ride tends to be bumpier than a broad global index.
  • Adjacent tech-theme peers charge less (UFOX at 0.30%), so this specific data-infrastructure slant carries a premium.
  • Live since 2022 and distributing once or twice a year at most: a growth-themed basket, not an income sleeve.

Full ICOP profile⁠

Full TRFK profile⁠

ICOP vs TRFK Holdings

As of
How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ICOP vs TRFK Cost

Overpaying TRFK vs ICOP

$374

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

  • ICOP 0.47%

    $9,418

  • TRFK 0.49%

    $9,792

$10,000
30 years

Cost over time

  • ICOP 0.47%
  • TRFK 0.49%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530TRFK $9,792ICOP $9,418

Year by year

YearICOPTRFKOverpaying
10$847$883$36
20$3,261$3,394$133
30$9,418$9,792$374

Expense ratio

  • 0.47%ICOP, cheaper
  • 0.49%TRFK
  • Middle half of Global Thematic funds
  • Median 0.58%

ICOP 5th cheapest of 18 funds

TRFK 6th cheapest of 18 funds

ICOP vs TRFK Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ICOP 1.91%, better
TRFK 0.03%
Payout (12M)
ICOP $0.89
TRFK $0.02
Last payment
ICOP $0.27
TRFK $0.02
Ex-dividend
ICOP Jun 15, 2026
TRFK Sep 3, 2026
Paid on
ICOP Jun 18, 2026
TRFK Sep 8, 2026
Frequency
ICOP Twice a year
TRFK Twice a year

Distribution history

Per share, 2022 to 2026, same scale for both

ICOPTwice a year · 7 paymentsAll ICOP payments⁠
One bar per payment. 7 payments from 2022 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.$0$0.5020232026YTD
TRFKTwice a year · 11 paymentsAll TRFK payments⁠
One bar per payment. 11 payments from 2022 to 2026 YTD. Sep 22, 2022 $0.04; Dec 22, 2022 $0.09; Mar 23, 2023 $0.01; Jun 22, 2023 $0.01; Sep 21, 2023 $0.02; Dec 27, 2023 $0.03; Jun 27, 2024 $0.18; Sep 26, 2024 $0.02; Dec 30, 2025 $0.007; Mar 5, 2026 $0.00058; Sep 3, 2026 $0.02. Use the arrow keys to read each point.$0$0.5020232026YTD

ICOP vs TRFK Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ICOP 30.3%, betterTRFK 33.4%
Return per unit of riskSharpe ratio, 3 years
ICOP 0.93TRFK 1.08, better
Worst fallMax drawdown, 5 years
ICOP −38.6%since Jun 2023TRFK −29.1%since Jun 2022
Market sensitivityBeta, 5 years
ICOP 1.34TRFK 1.88

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