ICOP vs VOO

Quick Verdict

VOO has a lower expense ratio. ICOP delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.

Lower Fees: VOOHigher Returns: ICOPMore Diversified: VOO

Side-by-Side Comparison

MetricICOPVOOWinner
Expense Ratio0.47%0.03%
AUM$425M$979.0B
Dividend Yield1.81%1.09%
Holdings60509
YTD Return+23.76%+13.80%
1Y Return+86.04%+23.71%
3Y Return (annualized)+33.53%+21.50%
5Y Return (annualized)-+13.44%
Volatility (annualized)28.8%14.1%
Max Drawdown-37.6%-34.3%
Fund FamilyiShares by BlackRock (US)Vanguard (US)
CategoryEquityEquity
InceptionJun 21, 2023Sep 7, 2010

ICOP vs VOO Performance

iShares Copper and Metals Mining ETF (ICOP) is a ETF from iShares by BlackRock (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year ICOP returned +86.04% while VOO returned +23.71%. Year to date, ICOP is up 23.76% versus a gain of 13.80% for VOO.

Over three years, ICOP compounded at +33.53% per year against +21.50% for VOO. Across the full 3-year window we track, ICOP has the edge at +34.25% annualized vs +13.58%. Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

ICOP has been the more volatile fund, with annualized monthly volatility of 28.8% compared with 14.1% for VOO. 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 -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

The two funds' monthly returns correlate at 0.42. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

ICOP charges 0.47% per year while VOO charges 0.03%. On a $10,000 position that is $47 vs $3 annually, a gap of $44 per year that compounds over a long holding period. On income, ICOP currently yields 1.81% against 1.09% for VOO.

Holdings Overlap

0.3%overlap

ICOP and VOO share 2 holdings out of 549 unique holdings combined, representing a 0.3% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in ICOPWeight in VOODifference
FCX7.58%0.14%7.44%
NEM3.42%0.15%3.27%

Frequently Asked Questions

Which is cheaper, ICOP or VOO?

ICOP has an expense ratio of 0.47% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $44 per year of difference.

Which performed better, ICOP or VOO?

Over the past year ICOP returned +86.04% vs +23.71% for VOO, so ICOP leads on 1-year performance. Over the longest common window we track (3 years), ICOP annualized +34.25% vs +13.58% for VOO. Past performance does not guarantee future results.

Which is riskier, ICOP or VOO?

ICOP has been the more volatile fund at 28.8% annualized versus 14.1% for VOO. Worst drawdown: ICOP -37.6% vs VOO -34.3%.

Should I hold both ICOP and VOO?

ICOP and VOO have a monthly-return correlation of 0.42, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between ICOP and VOO?

ICOP and VOO share 2 common holdings with a 0.3% weight overlap. Combined, they hold 549 unique securities.

Which pays a higher dividend, ICOP or VOO?

ICOP yields 1.81% while VOO yields 1.09%, so ICOP currently pays the higher dividend yield.

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