ICOP - ETF AI Analysis
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iShares Copper and Metals Mining ETF (ICOP)
Rating:58Neutral
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown strong gains so far this year and in recent months, indicating positive momentum in its underlying copper and metals mining stocks.
Top Holdings Performing Well
Most of the largest positions, including major global miners, have delivered solid gains this year, helping support the fund’s overall returns.
Global Exposure Within Mining
Holdings spread across countries like the U.S., Australia, Canada, Mexico, and the UK provide some geographic diversification within the mining industry.
Negative Factors
Heavy Sector Concentration
Nearly all of the fund is invested in the materials sector, so its performance is highly tied to the ups and downs of metals and mining markets.
Country Concentration Risk
A large share of assets is focused in a few countries, especially the U.S. and Australia, which can increase the impact of local economic or regulatory changes.
Moderate Expense Ratio
The fund’s fee is not especially low, so costs may weigh more on returns compared with the cheapest ETFs on the market.
ICOP vs. SPDR S&P 500 ETF (SPY)
AUM520.23M
RegionGlobal
Expense Ratio0.47%
Beta1.36
IssueriShares
Inception DateJun 23, 2023
Dividend Yield1.48%
Asset ClassEquity
Index TrackedSTOXX Global Copper and Metals Mining Index - Benchmark TR Net
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume167,566
30 Day Avg. Volume105,983
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
60.22Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering34
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
ICOP Summary
The iShares Copper and Metals Mining ETF (ICOP) tracks the STOXX Global Copper and Metals Mining Index, focusing on companies that explore, mine, and process copper and other key metals. It holds major global miners such as BHP Group and Rio Tinto, giving you exposure to businesses that benefit from demand for copper in electronics, renewable energy, and infrastructure. Someone might invest in ICOP for targeted growth potential tied to the global energy transition and to diversify beyond typical tech or broad market funds. A key risk is that it is heavily concentrated in mining stocks, so its price can swing sharply with metal prices and global economic conditions.
How much will it cost me?This ETF has an expense ratio of 0.47%, which means you’ll pay about $4.70 per year for every $1,000 you invest. That’s higher than the cost of a typical broad, passively managed index ETF because this fund focuses on a specialized sector (copper and metals mining), which usually comes with higher management and operating costs.
What would affect this ETF?This ETF is heavily tied to global demand for copper and other metals, so trends like growth in renewable energy, electric vehicles, and infrastructure spending around the world could boost the mining companies it holds, such as BHP, Anglo American, and Freeport-McMoRan. On the other hand, a global economic slowdown, falling metal prices, higher interest rates, or stricter environmental and mining regulations in key producing countries could hurt profits for these materials-focused companies and weigh on the fund’s performance.
ICOP Top 10 Holdings
ICOP is essentially a pure play on global copper and metals miners, with performance powered by heavyweights like Freeport-McMoRan, BHP, and Southern Copper, all showing rising momentum as demand for copper stays robust. Grupo Mexico and Teck Resources add more fuel to the rally, while Rio Tinto and Lundin Mining are a bit more mixed, occasionally losing steam and tempering overall gains. With nearly all exposure in the materials sector and holdings spread across the U.S., Latin America, Canada, and Australia, this ETF is tightly hitched to the global copper cycle.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Freeport-McMoRan | 8.20% | $43.08M | $114.75B | 80.08% | 67 Neutral | |
| Grupo Mexico | 8.05% | $42.26M | $1.85T | 115.83% | ― | |
| BHP Group Ltd | 7.76% | $40.78M | AU$344.00B | 64.42% | 68 Neutral | |
| Anglo American | 7.70% | $40.42M | $61.66B | 86.97% | ― | |
| Evolution Mining | 5.64% | $29.61M | AU$32.42B | 118.33% | 77 Outperform | |
| Teck Resources | 5.28% | $27.71M | $34.99B | 115.97% | 66 Neutral | |
| Rio Tinto | 4.73% | $24.82M | $179.40B | 68.57% | 80 Outperform | |
| Southern Copper | 4.68% | $24.55M | $185.50B | 130.96% | 73 Outperform | |
| First Quantum Minerals | 4.48% | $23.50M | C$40.62B | 105.09% | 73 Outperform | |
| Antofagasta | 4.07% | $21.40M | £39.52B | 88.21% | 69 Neutral |
ICOP Technical Analysis
Positive
―
Price Trends
51.80
Positive
52.10
Positive
49.38
Positive
Market Momentum
2.40
Negative
68.54
Neutral
91.61
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For ICOP, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 55.58, equal to the 50-day MA of 51.80, and equal to the 200-day MA of 49.38, indicating a bullish trend. The MACD of 2.40 indicates Negative momentum. The RSI at 68.54 is Neutral, neither overbought nor oversold. The STOCH value of 91.61 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ICOP.
ICOP Peer Comparison
Comparison Results
Performance Comparison
ICOP
iShares Copper and Metals Mining ETF
60.23
28.47
89.64%
SGDM
Sprott Gold Miners ETF
―
―
―
MXI
iShares Global Materials ETF
―
―
―
COPP
Sprott Copper Miners ETF
―
―
―
GOAU
U.S. Global GO GOLD and Precious Metal Miners ETF
―
―
―
COPJ
Sprott Junior Copper Miners ETF
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―
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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