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Launched

Defiance Daily Target 2X Long Copper Miners ETF

COPZNYSE ArcaCThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$14.99−0.41 (−2.68%)

As of Oct 13, 2026, 3:48 PM

C48/ 100

Rank 24 of 99 in Leveraged Long (2x & Other)

C48/100Rank 24 of 99inLeveraged Long (2x & Other)
Intraday session: down, 12 prints from 15.40 to 14.99. Range 14.18 to 15.05. Use the arrow keys to read each point.14.2514.5014.7515.2510 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$7M
1Y total return
—
Yield · Last 12 months
—
Holdings
7
Avg volume · 30D
0M sh
NAV per share
$15.57
52W range
low $12.01high $25.86
Launched

The ETF.net COPZ Grade

Based on 5 of 6 pillars

C

Score 48 out of 100

Category
Leveraged Long (2x & Other)⁠
Rank
24 of 99
Six-pillar profile for COPZ. Scores out of 100: Cost 65, Risk 26, Mission 97, Tradability 40, Holdings not scored, Durability 43. Strongest: Mission (97). Weakest: Risk (26). Based on 5 of 6 pillars.

Score 48 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B65 out of 100
    Rank 30 of 99

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A97 out of 100
    Rank 1 of 10

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D26 out of 100
    Rank 81 of 96

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C40 out of 100
    Rank 66 of 99

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C43 out of 100
    Rank 58 of 99

Our read on COPZ

ETF.net Research

CCopper miners, doubled. This fund aims to deliver twice the daily move of a global copper-miner stock basket, resetting each session. Its own documents call it a short-term, actively monitored tool, not a park-it holding.

Stated mandate

The Fund seeks daily investment results equal to twice the daily percentage change in the share price of COPX, before fees and expenses. It is intended for short-term, actively monitored use rather than periods longer than one trading day.

Why people hold it

  1. 01One ticker for a geared copper bet: it aims for 2x the daily move of a global copper-miner basket, no margin account required.defianceetfs.com
  2. 020.95% expense ratio, at the cheaper end of the daily-leveraged shelf rather than the premium end.
  3. 032x, not 3x. Each day's move is amplified less than in the triple-leveraged staples like FAS that dominate this corner.
  4. 04The thing underneath is a listed copper-miner ETF, so you can watch the actual reference basket trade all day instead of guessing at a bespoke index.

Worth knowing

  1. 01The leverage resets every day. Hold longer and returns compound off a new base each session, which can pull results well away from 2x the period move.
  2. 02Copper miners swing hard on their own. Doubling that daily makes for a genuinely volatile ride, and drawdowns can be deep and fast.
  3. 03A 2026 launch that is small and lightly traded, so spreads and limit orders matter more here than with the household-name leveraged funds.

COPZ Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
7
Top-10 weight
262%
Largest holding
United States Treasury Bill 11/19/202647.7%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—United States Treasury Bill 11/19/202647.71%3,100,000$3M56
002—Global X Copper Swap Nmra-L42.88%32,508$3M1
003—Global X Copper Miners Etf-Swap-Nbcb-L42.41%32,155$3M1
004—Global X Copper Swap Mrex-L41.29%31,302$3M1
005—Global X Copper Swap Clst-L36.93%27,997$2M1
006—Global X Copper Swap Cant-L36.53%27,693$2M1
007—First American Government Obligations Fund 12/01/203114.55%941,501$942K529

Showing 1–7 of 7 holdings

COPZ Performance

Launched Feb 17, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
COPZ$11,469
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. COPZ $11,469. SPY $10,332. Use the arrow keys to read each point.$8,608$12,167$15,725Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for COPZ. Periods over one year show the average yearly return.
PeriodCOPZ
Year to dateFund launched this year—
1 month−9.0%
3 months+14.7%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for COPZ
YearReturn barCOPZ
2026 YTD−23.0%

Since listing, Feb 17, 2026

COPZ in the news

Filtered to COPZ · Leveraged Long (2x & Other)

COPZ Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Feb 2026. No distributions yet.

COPZ Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
3.51
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

COPZ Cost

Expense ratio0.95%
  • The middle half of Leveraged Long (2x & Other) funds
  • Median 1.00%

29 of the 95 Leveraged Long (2x & Other) funds charge less.

COPZ costs $95.00 a year on $10,000. The median Leveraged Long (2x & Other) fund costs $100.00.

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