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 Consumer Cyclicals. 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 5.68% year-to-date (YTD) with +$248M in YTD flows. GDX performs worse with -0.17% YTD performance, and +$787M 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 11/05/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ICOP GDX | -14.75%-1.81% | -14.56%+3.02% | +5.68%-0.17% | +26.94%+22.62% | +120.93%+205.86% | n/a+181.76% |
| Flows | ICOP GDX | -$5M+$789M | +$7M+$163M | +$248M+$787M | +$302M+$718M | +$378M-$3.22B | --$4.08B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ICOP GDX | +34.87%+45.92% | +40.33%+48.50% | +33.77%+38.27% | n/a+35.97% |
| Max drawdown | ICOP GDX | -23.37%-26.87% | -25.36%-38.82% | -37.39%-38.82% | n/a-46.13% |
| Max drawdown duration | ICOP GDX | 72d72d | 96d249d | 478d249d | n/a855d |
Trading data
ICOP | GDX | |
Last sale 11/6/2026 at 2:30 PM | $47.00 | $87.57 |
| Previous close 11/04/2026 | $46.43 | $85.75 |
| Consolidated volume 11/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 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 | ||
| Worst | ||
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Main metrics
Last update 11/6/2026 at 2:30 PM
Live
Closed
ICOP | GDX | |
|---|---|---|
| Last price | $47.00 | $87.57 |
| 1D performance | +1.23% | +2.12% |
| AuM | $404.76 M | $26.47 B |
| E/R | 0.47% | 0.51% |
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Exposure
Countries
ICOP
Canada
29.87%
USA
19.07%
United Kingdom
16.21%
Australia
13.17%
Mexico
8.6%
Other
13.07%
GDX
Canada
56.17%
USA
22.74%
Australia
8.53%
Other
12.56%
Sectors
ICOP
Non-Energy Materi.
96.02%
Other
3.98%
GDX
Non-Energy Materi.
100%
Other
0%
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Diversification
ICOP
Total weight of top 15 holdings out of 15
76.82%
GDX
Total weight of top 15 holdings out of 15
68.22%
Top 15 holdings
Data as of September 30, 2026
ICOP
Anglo American Plc
8.39%
Freeport-McMoRan, Inc.
8.24%
Grupo México S.A.B. de C.V.
8.19%
BHP Group Ltd.
7.80%
Teck Resources Limited
5.82%
Southern Copper Corp.
4.92%
Newmont Corp.
4.88%
Antofagasta Plc
4.62%
Lundin Mining Corp.
4.38%
First Quantum Minerals Ltd.
4.08%
KGHM Polska Miedz SA
3.22%
Hudbay Minerals, Inc.
3.19%
Rio Tinto Plc
3.10%
Barrick Mining Corp.
3.00%
Glencore Plc
2.98%
GDX
Newmont Corp.
11.10%
Agnico Eagle Mines Ltd.
11.01%
Barrick Mining Corp.
7.93%
Wheaton Precious Metals Corp.
5.53%
Franco-Nevada Corp.
5.23%
Anglogold Ashanti Plc
4.88%
Kinross Gold Corp.
3.83%
Gold Fields Ltd.
3.82%
Northern Star Resources Ltd.
2.75%
Pan American Silver Corp.
2.70%
Coeur Mining, Inc.
2.13%
Royal Gold, Inc.
2.00%
Alamos Gold, Inc.
1.88%
Equinox Gold Corp.
1.86%
Evolution Mining Ltd.
1.57%
Frequently asked questions about ICOP and GDX
How have the ICOP and GDX ETFs performed in 2026?
As of November 5, 2026, ICOP is up 5.68% year-to-date (YTD), while GDX has lost -0.17%. 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 +$248M in flows, compared to +$787M for GDX.
Which ETF is more volatile: ICOP or GDX?
Over the past year, ICOP had a volatility of 40.33%, while GDX experienced 48.5%.
Which ETF is bigger: ICOP or GDX?
As of November 5, 2026, ICOP holds $404.76 M in assets under management (AUM), while GDX manages $26.47 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 Anglo American Plc, Freeport-McMoRan, Inc. and Grupo México S.A.B. de C.V.. 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 65 securities with 76.82% of its assets in the top 15. GDX has 59 securities and a top 15 weight of 68.22%.
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