It does all that and more for free, though premium upgrades for business environments, servers, and special needs are available. It can change drive letters, label partitions and volumes, edit properties, and check file systems.
It creates, deletes, aligns, moves, resizes, recovers, splits, joins, hides, copies, and converts partitions or entire disks.
MiniTool Partition Wizard Home Edition 8 adds disk conversion and copying to what was already one of our favorite disk partitioning tools, free or not.