ICOP

iShares Copper and Metals Mining ETF

ICOP tracks a market-capitalization weighted index composed of stocks of copper and metal ore mining companies globally. Stocks are quantitatively screened to identify stocks with significant revenue tied to this space.


Global

EQUITY

Passive

MANAGEMENT STYLE

32.9 M

ASSETS UNDER MGMT

47 bp

EXPENSES
Fund Basics
Fund sponsoriShares
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateJun 21, 2023
Assets (mns)$33
Expense ratio47 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selection
Weighting
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
FREEPORT-MCMORAN COPPER 8.3 %
BHP BILLITON LTD 8.0 %
GRUPO MEXICO S.A.B. DE C.V. CLASS B 7.3 %
SOUTHERN COPPER CORP 6.0 %
ANTOFAGASTA PLC 5.7 %
FIRST QUANTUM MINERALS LTD 5.0 %
EVOLUTION MINING LTD 4.9 %
LUNDIN MINING CORP 4.9 %
IVANHOE MINES LTD. CLASS A 4.7 %
RIO TINTO PLC-SPON ADR 4.2 %
Constituent Breakdown
Number of holdings42
Herfindahl-Hirschman Index 448
Wgt avg mkt cap (mns)$35,356
Large cap (>$10bn)63.5%
Mid cap ($2-10bn)27.8%
Small cap (<$2bn)4.4%
Developed mkts.81.8%
Emerging mkts.17.1%
Country Exposure
CANADA 22.2 %
UNITED STATES 17.7 %
AUSTRALIA 15.8 %
BRITAIN 13.2 %
MEXICO 7.3 %
POLAND 3.2 %
SWITZERLAND 2.8 %
BRAZIL 2.7 %
HONG KONG 1.2 %
CHINA 1.0 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns -0.1% -- -- -- -- -- -0.1%
Volatility 31.4% 31.0% -- -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.000%
MSCI EAFE0.000%
MSCI Emg Mkts0.000%
Liquidity Measures
Avg. volume (000)18
Turnover1.6%
Avg. Bid/Ask (% of price)0.00%
ADV of underlying (mns)$1,721
Technical Indicators
Recent close$28.62
30d moving avg.$31.02
Annualized volatility0.0%
Relative strength (RSI)48
Short interest (ETF)2.1%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: ICOP vs. Comps (1 YR)

Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
1.3 10.2 1.4 3.7% --
Based on closing prices from 12/4/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
ICOP



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Rating

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™

ICOP

10.2%

Cat. Avg

4.0%


ALTAR Score™ Calculation

Category Overview
There are 377 funds in the Global Equity category, with an average ALTAR Score™ of 4.0% and a standard deviation of 4.7%. ICOP's ALTAR Score™ is approximately 1.3 standard deviations above the category average. This places ICOP in the 91st percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

ICOP
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Passive
Global Equity ETFs
# of ETFs 53
Avg. Expense Ratio 50.8 bp
Std. Deviation 22.4 bp
ICOP (47 bp) Percentile rank 45
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
ICOP 47.0 0.0 47
Peer Avg. 57.1 40.0 97.1
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .