ICOP vs SPY
iShares Copper and Metals Mining ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, ICOP or SPY?
ICOP has been ahead.
SPY has a lower expense ratio. ICOP led over 1Y, 3Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 61.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ICOP | SPY |
|---|---|---|
| Expense Ratio | 0.47% | 0.09%Best |
| AUM | $512M | $814.4B |
| Dividend Yield | 1.76% | 1.01% |
| Holdings | 60 | 505 |
| YTD Return | +28.17%Best | +13.34% |
| 1Y Return | +78.87%Best | +19.97% |
| 3Y Return (annualized) | +36.47%Best | +21.20% |
| 5Y Return (annualized) | - | +12.81% |
| Volatility (annualized) | 29.2% | 12.6%Best |
| Max Drawdown | -37.6% | -18.8%Best |
| $10,000 over 3.2 years | $25,990Best | $18,453 |
| Top 10 Weight | 61.1% | 38.0%Best |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 21, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Jun 23, 2023 to Sep 4, 2026 (3.2 years).
ICOP vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.2 years both funds cover.
ICOP vs SPY Performance
iShares Copper and Metals Mining ETF (ICOP) is an ETF from iShares by BlackRock (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year ICOP returned +78.87% while SPY returned +19.97%. Year to date, ICOP is up 28.17% versus a gain of 13.34% for SPY.
Over three years, ICOP compounded at +36.47% per year against +21.20% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ICOP has been the more volatile fund, with annualized monthly volatility of 29.2% compared with 12.6% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -37.6% for ICOP and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.41. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ICOP charges 0.47% per year while SPY charges 0.09%. On a $10,000 position that is $47 vs $9 annually, a gap of $38 per year that compounds over a long holding period. On income, ICOP currently yields 1.76% against 1.01% for SPY.
Holdings Overlap
3.4% of ICOP's money is in holdings SPY also owns. 0.2% of SPY's money is in holdings ICOP also owns.
ICOP and SPY share little of their money.
1 positions in common, counted across the 46 positions we hold weights for in ICOP and 504 in SPY, against full books of 60 and 505.
What only one of them owns
Our book lists 495 positions for SPY that do not appear in our book for ICOP (99.3% of the fund), and 3 for ICOP that do not appear in SPY (12.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in ICOP | Weight in SPY | Difference |
|---|---|---|---|
| NEMNewmont Corp Common | 3.42% | 0.16% | 3.26% |
You are not choosing between two funds in isolation.
Whichever of ICOP and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ICOP or SPY?
ICOP has an expense ratio of 0.47% while SPY charges 0.09%. SPY is the cheaper option, by $38 a year on a $10,000 investment.
Which performed better, ICOP or SPY?
Over the past year ICOP returned +78.87% vs +19.97% for SPY, so ICOP leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ICOP or SPY?
ICOP has been the more volatile fund at 29.2% annualized versus 12.6% for SPY. Worst drawdown: ICOP -37.6% vs SPY -18.8%.
Should I hold both ICOP and SPY?
ICOP and SPY have a monthly-return correlation of 0.41, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ICOP and SPY?
3.4% of ICOP's money is in holdings SPY also owns. 0.2% of SPY's is in holdings ICOP also owns. They hold 1 positions in common, counted across the 46 positions we hold weights for in ICOP and 504 in SPY.
Which pays a higher dividend, ICOP or SPY?
ICOP yields 1.76% while SPY yields 1.01%, so ICOP currently pays the higher dividend yield.
Is SPY better than ICOP?
SPY has a lower expense ratio. ICOP led over 1Y, 3Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 61.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.