ATLASiShares Copper and Metals Mining ETF (ICOP): outlook, holdings and fees
iShares Copper and Metals Mining ETF (ICOP) is an exchange-traded fund and is managed by iShares. The expense ratio is 0.44% and the yield is 1.60%. The ten largest holdings are 62% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on ICOP
| Last price | $48.34 (+3.3%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 50% |
| Likely 1-month range (50%) | $45.30 – $51.58 |
| Normal 1-day range (±1σ) | ±2.2% |
| Distribution yield | 1.60% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
ICOP fund facts
| Issuer | iShares |
|---|---|
| Theme | Copper |
| Assets under management | $477M |
| Expense ratio | 0.44% |
| Number of holdings | 62 |
| Portfolio turnover | 0% |
| Inception | Jun 21, 2023 |
| Exchange | NASDAQ |
The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The fund is non-diversified.
ICOP top holdings
| Holding | Sector | Weight |
|---|---|---|
| Freeport-McMoran Copper & Gold Inc FCX | Basic Materials | 8.19% |
| Anglo American PLC AAL | Basic Materials | 8.11% |
| Grupo México S.A.B. de C.V GMEXICOB | Basic Materials | 8.81% |
| BHP Group Ltd BHP | Basic Materials | 7.83% |
| Teck Resources Ltd Class B TECK | Other | 6.19% |
| Southern Copper Corporation SCCO | Basic Materials | 5.07% |
| Newmont Goldcorp Corp NEM | Basic Materials | 4.87% |
| Antofagasta PLC ANTO | Basic Materials | 4.57% |
| Lundin Mining Corporation LUN | Basic Materials | 4.47% |
| First Quantum Minerals Ltd FM | Basic Materials | 4.05% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
ICOP sector breakdown
| Sector | Weight |
|---|---|
| Basic Materials | 99.6% |
| Industrials | 0.4% |
By region: North America 47.4%, United Kingdom 15.8%, Australasia 12.0%, Latin America 11.2%, Asia Emerging 5.6%.
ICOP returns and risk
| Year to date | +23.8% |
|---|---|
| 1 year | +46.4% |
| 3 years (annualised) | +37.8% |
| Volatility (3 years) | 30.0% |
| Sharpe ratio (3 years) | 1.01 |
Past returns do not guarantee future results.
ICOP: frequently asked questions
What does ICOP invest in?
iShares Copper and Metals Mining ETF invests in a portfolio of securities. Its largest holdings are Freeport-McMoran Copper & Gold Inc (8.2%), Anglo American PLC (8.1%), Grupo México S.A.B. de C.V (8.8%), BHP Group Ltd (7.8%), Teck Resources Ltd Class B (6.2%).
What is the ICOP expense ratio?
0.44% a year: about $44.00 for every $10,000 invested.
What is the ICOP dividend yield?
1.60%. ATLAS does not hold the exact distribution dates for ETFs.
Will ICOP go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 50%, with a likely range (50%) of $45.30 to $51.58 from $48.34 today. It is a probability, not a prediction.
How has ICOP performed?
Year to date +23.8%, one year +46.4%, three years +37.8% a year. Past returns do not guarantee future results.
Similar ETFs: Copper
Educational information, not investment advice. Disclaimer