ICOPvsGDXETF Comparison
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iShares Copper and Metals Mining ETF (ICOP) and VanEck Gold Miners ETF (GDX) belong to the same industry segment: Uncategorized Equities. ICOP's top 3 sector exposures are Non-Energy Materials, Energy and Industrials. In contrast, GDX's top sector exposures are Non-Energy Materials. ICOP is less expensive with a Total Expense Ratio (TER) of 0.47%, versus 0.51% for GDX. ICOP is up 24.94% year-to-date (YTD) with +$253M in YTD flows. GDX performs worse with 9.89% YTD performance, and -$180M in YTD flows. Run a side-by-side ETF comparison of ICOP and GDX below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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ICOP vs GDX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/21/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ICOP GDX | -6.93%-8.16% | +3.36%+15.96% | +24.94%+9.89% | +60.46%+28.59% | +144.51%+237.25% | n/a+232.65% |
| Flows | ICOP GDX | +$18M-$1.33B | +$8M-$868M | +$253M-$180M | +$316M+$661M | +$383M-$4.41B | --$4.91B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ICOP GDX | +38.45%+45.22% | +39.50%+48.40% | +33.35%+37.48% | n/a+35.35% |
| Max drawdown | ICOP GDX | -12.61%-13.23% | -25.36%-38.82% | -37.39%-38.82% | n/a-46.13% |
| Max drawdown duration | ICOP GDX | 27d43d | 96d204d | 478d204d | n/a855d |
Trading data
ICOP | GDX | |
Last sale 9/22/2026 at 1:30 PM | $56.44 | $97.83 |
| Previous close 09/21/2026 | $55.01 | $94.43 |
| Consolidated volume 09/21/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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ICOP | GDX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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Main metrics
Last update 9/22/2026 at 1:30 PM
Live
Closed
ICOP | GDX | |
|---|---|---|
| Last price | $56.44 | $97.83 |
| 1D performance | +2.60% | +3.60% |
| AuM | $484.02 M | $28.09 B |
| E/R | 0.47% | 0.51% |
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Exposure
Countries
ICOP
Canada
26.72%
United Kingdom
17.8%
Australia
16.98%
USA
15.84%
Mexico
8.45%
Other
14.2%
GDX
Canada
55.89%
USA
22.2%
Australia
8.63%
Other
13.28%
Sectors
ICOP
Non-Energy Materi.
96.23%
Other
3.77%
GDX
Non-Energy Materi.
100%
Other
-0%
Diversification
ICOP
Total weight of top 15 holdings out of 15
78.99%
GDX
Total weight of top 15 holdings out of 15
67.53%
Top 15 holdings
Data as of July 31, 2026
ICOP
Grupo México S.A.B. de C.V.
8.45%
Anglo American Plc
8.08%
BHP Group Ltd.
7.98%
Freeport-McMoRan, Inc.
7.83%
Teck Resources Limited
5.53%
Rio Tinto Plc
5.17%
Southern Copper Corp.
4.67%
Evolution Mining Ltd.
4.62%
Antofagasta Plc
4.46%
Lundin Mining Corp.
4.45%
First Quantum Minerals Ltd.
4.25%
Barrick Mining Corp.
3.51%
KGHM Polska Miedz SA
3.39%
Newmont Corp.
3.31%
Vale SA
3.29%
GDX
Newmont Corp.
10.50%
Agnico Eagle Mines Ltd.
10.20%
Barrick Mining Corp.
8.02%
Wheaton Precious Metals Corp.
5.57%
Franco-Nevada Corp.
5.11%
Anglogold Ashanti Plc
5.05%
Kinross Gold Corp.
4.32%
Gold Fields Ltd.
3.99%
Pan American Silver Corp.
2.88%
Northern Star Resources Ltd.
2.81%
Coeur Mining, Inc.
2.21%
Royal Gold, Inc.
1.95%
Alamos Gold, Inc.
1.74%
Equinox Gold Corp.
1.59%
Industrias Peñoles SAB de CV
1.59%
Frequently asked questions about ICOP and GDX
How have the ICOP and GDX ETFs performed in 2026?
As of September 21, 2026, ICOP is up 24.94% year-to-date (YTD), while GDX has returned 9.89%. That puts ICOP better performer ahead so far this year.
Which ETF is attracting more investor money: ICOP or GDX?
Year-to-date, the ICOP ETF saw +$253M in flows, compared to -$180M for GDX.
Which ETF is more volatile: ICOP or GDX?
Over the past year, ICOP had a volatility of 39.5%, while GDX experienced 48.4%.
Which ETF is bigger: ICOP or GDX?
As of September 21, 2026, ICOP holds $484.02 M in assets under management (AUM), while GDX manages $28.09 B.
What sectors do the ICOP and GDX ETFs invest in?
ICOP leans toward sectors like Non-Energy Materials. Meanwhile, GDX focuses on Non-Energy Materials.
What are the top holdings of the ICOP ETF and GDX ETF?
ICOP top holdings include Grupo México S.A.B. de C.V., Anglo American Plc and BHP Group Ltd.. GDX holds in its top three: Newmont Corp., Agnico Eagle Mines Ltd. and Barrick Mining Corp..
Which ETF is more diversified: ICOP or GDX?
ICOP holds 45 securities with 78.99% of its assets in the top 15. GDX has 59 securities and a top 15 weight of 67.53%.
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