What do the expense ratios of COPP and ICOP represent?

The expense ratio is an annual fee that ETFs charge investors for managing the fund. For COPP, the expense ratio is 0.66%, whereas ICOP charges 0.47%. This 0.19 percentage point difference means ICOP is generally less costly to hold. While both funds have relatively modest fees, over time, a lower expense ratio could potentially result in better net returns for the investor, assuming all other factors remain equal.

What does the inception date of an ETF tell us?

The inception date indicates when an ETF was first launched and began trading. COPP has an inception date of March 5, 2024, while ICOP has an inception date of June 21, 2023. ICOP has a longer history, but both are relatively new funds with less than three years of track records. Investors should be aware that a shorter history means less data to assess long-term performance and volatility patterns.

How do the dividend yields of COPP and ICOP compare?

COPP offers a dividend yield of 1.92%, while ICOP provides a slightly lower yield of 1.63%. Dividends are payments that companies make to their shareholders from earnings, and ETFs pass on a portion of these payments to investors. The yield indicates the amount an investor can expect in dividends annually relative to the price of the ETF.

What are the top holdings of COPP and ICOP?

COPP's largest holdings are Freeport-McMoRan Inc (FCX) at 23.93% and Teck Resources Ltd (TECK) at 10.16%. ICOP's top holding is also FCX, but at a significantly lower weight of 8.22%. This difference suggests that while both funds hold the same company, their portfolio compositions vary, with COPP having a more concentrated position in FCX.

How similar are the portfolios of COPP and ICOP?

The two ETFs share some top holdings but differ substantially in portfolio composition and concentration. COPP's portfolio appears more concentrated in copper mining companies such as FCX and TECK. ICOP, meanwhile, holds a more diversified range of metals miners, including gold miner Newcrest and companies like Vale. Therefore, ICOP's overall portfolio structure suggests a broader industry exposure.

What is the size difference between COPP and ICOP?

Net assets under management (AUM) reflect how large and liquid an ETF is. ICOP holds $480 million in assets, whereas COPP manages $284 million. Generally, a fund with greater AUM is expected to have a more robust secondary market and better liquidity for investors looking to buy or sell shares.

How do the sector focuses of COPP and ICOP differ?

While both are classified as natural resources funds, they are structured differently. COPP has a pure copper focus, aligning with the energy transition demand thesis. ICOP, however, broadens its exposure to include mining companies associated with various metals, such as gold and iron ore, which dilutes the pure copper exposure. This distinction influences which commodity cycles they are exposed to.

Which type of investor might consider an ETF like COPP?

An ETF like COPP may align with investors seeking a more concentrated bet specifically on copper mining. This could appeal to those with a strong thesis on rising copper demand driven by the energy transition. Its higher dividend yield and larger concentration in copper producers like FCX and TECK support this approach.

Which type of investor might consider an ETF like ICOP?

ICOP could attract investors who want diversified metals mining exposure. The inclusion of companies like Rio Tinto and Vale provides access to a wider variety of commodities beyond just copper. Additionally, its lower expense ratio and larger asset base could appeal to those with more cost-conscious strategies.

What is the significance of the shared top holdings of COPP and ICOP?

The fact that Freeport-McMoRan (FCX) is the top holding for both ETFs suggests that both funds hold a company that they consider central to their specific strategy. However, their weighting differences imply that the funds view the role of FCX in their overall portfolio differently. COPP has a much larger allocation, indicating a stronger reliance on this company for its performance.

COPP vs ICOP

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

Compare Sprott Fds Copper Miners ETF (COPP) and iShares Copper and Metals Mining ETF (ICOP). This page examines fees, holdings, dividends, and how each fund tracks its respective market focus. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

COPP

Metric

ICOP

0.66%

Expense Ratio

0.47%

1.92%

Dividend Yield

1.63%

$284.39M

Net Assets

$480.19M

Holdings

100

Mar 5, 2024

Inception Date

Jun 21, 2023

–

Index Tracked

–

Natural Resources

Fund Category

Natural Resources

ICOP costs about $19.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	COPP	ICOP
FCXFreeport-McMoRan Inc.	23.93%	8.22%
SCCOSouthern Copper Corporation	4.70%	4.64%

Discover More Comparisons

COPP vs COPX

COPP vs COPX compared: two copper miner ETFs at 0.66% and 0.65% a year, $284 million versus $7.4 billion in assets. See fees, holdings overlap and yield.

COPJ vs ICOP

Compare COPJ and ICOP ETFs. Review 0.75% and 0.47% expense ratios, dividend yields, and junior copper versus broader metals mining holdings.

CPER vs ICOP

Compare CPER and ICOP by expense ratios, net assets, dividend yields and holding structures. Index tracking data is not available for either fund.

Investment Analysis

COPP

Pros

Sprott's copper focus aligns with the energy transition demand thesis.
A 1.92% dividend yield provides income from mining company distributions.
FCX and Teck constitute significant top-tier holdings in this portfolio.

Considerations

The 0.66% expense ratio is relatively high for an equity exchange-traded fund.
Inception in March 2024 means the fund lacks a long-term performance history.
Net assets of 284 million dollars are lower than many comparable thematic funds.

ICOP

Pros

The lower 0.47% expense ratio reduces the cost drag on net returns.
Net assets of 480 million dollars suggest better liquidity than smaller peers.
Inclusion of Rio Tinto and Vale broadens exposure beyond pure copper producers.

Considerations

A 1.63% dividend yield is lower than the yield offered by Sprott's fund.
Gold miner Newcrest is the second-largest holding, diluting the core copper focus.
The June 2023 inception date limits the available long-term track record.

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About COPP and ICOP

COPP (COPP)

COPP (ticker COPP) is presented here as a ticker-only reference — the company name or listing details were not provided. Investors should first verify the issuer, exchange and full company name before making any decisions. This summary highlights the general factors an investor would typically consider: the business model, revenue sources, profitability, balance sheet strength, cash flow, management track record, industry dynamics and regulatory or commodity exposure. Check market capitalisation and trading liquidity to assess suitability for your portfolio. Look for recent financial reports, analyst coverage and material news that could move the share price. This information is educational and general in nature — not personalised investment advice. Investing carries risks: values can rise and fall, and past performance is not a reliable guide to future returns. If you are unsure whether this stock suits your situation, consider seeking regulated financial advice.

ICOP (ICOP)

iShares Copper and Metals Mining ETF (ICOP) is an exchange-traded fund that gives investors targeted exposure to companies involved in copper and other metals mining. Managed by iShares (BlackRock), the ETF typically includes producers, developers and related service companies across global mining hubs. Its performance is closely linked to commodity prices — particularly copper — and broader industrial demand, which means returns can be cyclical and volatile. ICOP can offer a convenient way to gain sector-level exposure without selecting individual miners, but be mindful of concentration risks (large miners can dominate holdings), country and regulatory risks, and currency effects. Fees, index methodology and turnover can affect outcomes, so check the current prospectus and factsheet before investing. This summary is educational and not personal advice; values can fall as well as rise and past performance is not a guide to future results.

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COPP vs ICOP

Fund Snapshot