ICOP - ETF AI Analysis
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iShares Copper and Metals Mining ETF (ICOP)
Rating:63Neutral
Price Target:―
Positive Factors
Leading Global Miners in Top Holdings
The fund’s largest positions include several well-known, large mining companies that have shown generally solid recent performance, which can help support the ETF’s returns.
Broad Country Diversification
Holdings spread across the U.S., UK, Australia, Canada, and other markets reduce reliance on any single country’s economy or regulations.
Targeted Exposure to Metals and Mining
The heavy focus on the materials sector gives investors a direct way to benefit when copper and metals mining companies are doing well.
Negative Factors
High Sector Concentration
With most assets in the materials sector, the ETF is heavily exposed to swings in commodity prices and mining industry conditions.
Recent Weak Short-Term Performance
The fund has experienced a noticeable pullback over the past month and has not shown gains over the year to date, which may signal near-term volatility or pressure on the sector.
Moderate Expense Ratio
The fund’s fee is not especially low, which means costs could take a more meaningful bite out of returns compared with cheaper ETFs.
ICOP vs. SPDR S&P 500 ETF (SPY)
AUM441.81M
RegionGlobal
Expense Ratio0.47%
Beta1.35
IssueriShares
Inception DateJun 23, 2023
Dividend Yield1.8%
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. Volume149,918
30 Day Avg. Volume236,307
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
56.14Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering35
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, giving you exposure to mining companies that focus on copper and other key metals. It holds big, well-known names like BHP Group and Freeport-McMoRan, which dig up and process metals used in electronics, electric vehicles, and renewable energy projects. Someone might invest in ICOP if they believe demand for copper will grow as the world builds more clean energy and modern infrastructure. A key risk is that metal prices and mining stocks can be very volatile, so the ETF’s value can rise and fall sharply.
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 driven by a tight group of heavyweights. BHP and Anglo American are doing much of the lifting, riding rising sentiment around metals demand. Teck Resources and Lundin Mining are also adding fuel, with steady-to-strong momentum that reinforces the fund’s copper-centric story. On the flip side, First Quantum and Southern Copper have shown more mixed, sometimes lagging action, occasionally putting sand in the gears. Overall, this is a globally diversified but sector-concentrated bet on the copper mining cycle.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Anglo American | 8.78% | $38.75M | £39.87B | 51.32% | 66 Neutral | |
| BHP Group Ltd | 8.48% | $37.42M | AU$285.03B | 66.90% | 68 Neutral | |
| ― | 7.77% | $34.32M | ― | ― | ― | |
| Freeport-McMoRan | 7.73% | $34.15M | $87.74B | 62.65% | 67 Neutral | |
| Teck Resources | 5.96% | $26.33M | $29.49B | 70.21% | 66 Neutral | |
| Newmont Mining | 5.57% | $24.59M | $128.85B | 114.68% | 81 Outperform | |
| First Quantum Minerals | 4.73% | $20.89M | C$29.91B | 95.68% | 73 Outperform | |
| Lundin Mining | 4.43% | $19.54M | C$31.79B | 218.70% | 72 Outperform | |
| Antofagasta | 4.21% | $18.60M | £36.34B | 114.94% | 69 Neutral | |
| Southern Copper | 4.12% | $18.18M | $149.05B | 96.97% | 73 Outperform |
ICOP Technical Analysis
Neutral
―
Price Trends
50.50
Negative
49.12
Positive
41.74
Positive
Market Momentum
0.60
Positive
45.25
Neutral
8.77
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For ICOP, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 51.27, equal to the 50-day MA of 50.50, and equal to the 200-day MA of 41.74, indicating a neutral trend. The MACD of 0.60 indicates Positive momentum. The RSI at 45.25 is Neutral, neither overbought nor oversold. The STOCH value of 8.77 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ICOP.
ICOP Peer Comparison
Comparison Results
Performance Comparison
ICOP
iShares Copper and Metals Mining ETF
49.43
23.28
89.02%
SLVP
iShares MSCI Global Silver Miners ETF
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SGDM
Sprott Gold Miners ETF
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MXI
iShares Global Materials ETF
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COPP
Sprott Copper Miners ETF
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GOAU
U.S. Global GO GOLD and Precious Metal Miners ETF
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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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