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ETFs

iShares Trust iShares Copper and Metals Mining ETF

ICOP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 21 2023
Expense Ratio
0.47%
Type
Global Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$11,652
AUM
$4,821,928
Associated Index
STOXX Global Copper and Metals Mining Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

NCM
Newcrest Mining
8.43%
BHP
BHP Group Limited
8.15%
GMEXICOB
Grupo Mexico S.A. - Ordinary Shares - Class B
7.99%
FCX
Freeport-McMoRan Inc
7.41%
ANTO
Antofagasta plc
5.93%
FM
First Quantum Minerals Ltd.
5.87%
KGH
KGHM POLSKA MIEDZ SA
4.55%
IVN
Ivanhoe Mines Ltd. - Ordinary Shares - Class A
4.50%
SAA
Lundin Mining Corp.
4.28%
SCCO
Southern Copper Corporation
4.25%
Invest with ICOP

What is ICOP?

The iShares Copper and Metals Mining ETF seeks to track the investment results of an index composed of U.S. and non-U.S. equities of companies primarily engaged in copper and metal ore mining. Gain exposure to global copper and metal ore miners who may benefit from an increased demand for this limited resource. Seeks to track a rules-based index that combines quantitative screens to evolve each year to identify new constituents, with significant revenue from copper and metal ore mining.

ETFs related toICOP

ETFs correlated to ICOP include PICK, COPX, GNR

ICOP
iShares Trust - iShares Copper and Metals Mining ETF
PICK
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Metals & Mining Producers ETF
COPX
Global X Funds - Global X Copper Miners ETF
GNR
SSgA Active Trust - SPDR S&P Global Natural Resources ETF
GUNR
FlexShares Trust - FlexShares Global Upstream Natural Resources Index Fund
ICOW
Pacer Funds Trust - Pacer Developed Markets International Cash Cows 100 ETF
IDV
BlackRock Institutional Trust Company N.A. - iShares International Select Dividend ETF
IQDF
FlexShares Trust - FlexShares International Quality Dividend Index Fund
GCOW
Pacer Funds Trust - Pacer Global Cash Cows Dividend ETF
FYLD
Cambria Investment Management LP - Cambria Foreign Shareholder Yield ETF
DFAX
Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toICOP

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

Create your own algorithmic trading strategy with ICOP using Composer

FAQ

ICOP is a Global Equities ETF. The iShares Copper and Metals Mining ETF seeks to track the investment results of an index composed of U.S. and non-U.S. equities of companies primarily engaged in copper and metal ore mining. Gain exposure to global copper and metal ore miners who may benefit from an increased demand for this limited resource. Seeks to track a rules-based index that combines quantitative screens to evolve each year to identify new constituents, with significant revenue from copper and metal ore mining.

ICOP tracks the STOXX Global Copper and Metals Mining Index.

No, ICOP is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, ICOP is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on ICOP is 0.0119%. This is the percent change in the value of ICOP over the most recent 1-month period. The 3-month return on ICOP is -0.0199%. This is the percent change in the value of ICOP over the most recent 3-month period.

ETFs similar to ICOP include IXJ, SMH, and URA.

ETFs correlated to ICOP include PICK, COPX, and GNR.

ETFs that are inversely correlated to ICOP include EDZ, EFZ, and GDXD.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.