Which stocks are most correlated with ICOP?

Based on one year of daily returns, the stocks most correlated with iShares Copper and Metals Mining ETF (ICOP) are COPX (0.98), COPP (0.97) and PICK (0.97). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with ICOP?

Over the past year, the stocks most inversely correlated with iShares Copper and Metals Mining ETF (ICOP) are JDST (-0.83), DUST (-0.82) and GDXD (-0.82). A negative correlation means the two stocks have tended to move in opposite directions.

iShares Copper and Metals Mining ETF (ICOP) — Stock Correlations & Overview

Over the past year, ICOP has moved most closely with COPX, COPP, PICK. Explore the stocks most correlated and inversely correlated with ICOP below, along with its price, financials, and company profile.

Stocks correlated with ICOP

Correlation of daily returns. Higher positive values move with ICOP; negative values move opposite it. Informational only, not investment advice.

Most correlated with ICOP

Symbol	Company	Correlation
COPX	Global X Copper Miners ETF (NEW)	0.98
COPP	Sprott Copper Miners ETF	0.97
PICK	iShares MSCI Global Metals & Mining Producers ETF	0.97
COPA	Themes Copper Miners ETF	0.96
METL	Sprott Active Metals & Miners ETF	0.91

Most inversely correlated with ICOP

Symbol	Company	Correlation
JDST	Direxion Daily Junior Gold Miners Index Bear 2X ETF	-0.83
DUST	Direxion Daily Gold Miners Index Bear 2X ETF	-0.82
GDXD	MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.82
ZSL	ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS	-0.76
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.74

Frequently asked questions about ICOP correlations

Which stocks are most correlated with ICOP?: Based on one year of daily returns, the stocks most correlated with iShares Copper and Metals Mining ETF (ICOP) are COPX (0.98), COPP (0.97) and PICK (0.97). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with ICOP?: Over the past year, the stocks most inversely correlated with iShares Copper and Metals Mining ETF (ICOP) are JDST (-0.83), DUST (-0.82) and GDXD (-0.82). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these ICOP correlations calculated?: We compute the correlation of daily returns between ICOP and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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