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Launched

Defiance Daily Target 2X Long Copper Miners ETF

COPZNYSE ArcaDefianceCThis 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.

$11.14+0.43 (+3.97%)

As of Nov 2, 2026, 1:43 PM ET

C40/ 100

Rank 37 of 99 in Leveraged Long (2x & Other)

C40/100Rank 37 of 99inLeveraged Long (2x & Other)
Intraday session: up, 46 prints from 10.71 to 11.14. Range 10.71 to 11.43. Use the arrow keys to read each point.10.8011.0011.4010 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$5M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
7
Avg volume · 30D
23.3K sh
52W range
low $10.43high $25.86
Launched

The ETF.net COPZ Grade

Based on 5 of 6 pillars

C

Score 40 out of 100

Category
Leveraged Long (2x & Other)⁠
Rank
37 of 99
Six-pillar profile for COPZ. Scores out of 100: Cost 51, Risk 24, Mission 97, Tradability 37, Holdings not scored, Durability 41. Strongest: Mission (97). Weakest: Risk (24). Based on 5 of 6 pillars.

Score 40 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.
    C51 out of 100
    Rank 32 of 99

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A97 out of 100
    Rank 1 of 13

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F24 out of 100
    Rank 83 of 98

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D37 out of 100
    Rank 68 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.
    C41 out of 100
    Rank 62 of 99

Our read on COPZ

ETF.net Research

In short

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

  • One 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
  • 0.95% expense ratio, at the cheaper end of the daily-leveraged shelf rather than the premium end.
  • 2x, not 3x. Each day's move is amplified less than in the triple-leveraged staples like FAS that dominate this corner.
  • The 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

  • The 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.
  • Copper miners swing hard on their own. Doubling that daily makes for a genuinely volatile ride, and drawdowns can be deep and fast.
  • A 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

Asset class
Other
Holdings
7
Top-10 weight
284%
Largest holding
United States Treasury Bill 11/19/202668.7%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataUnited States Treasury Bill 11/19/202668.72%3,100,000$3.09M62
2No dataGlobal X Copper Swap Nmra-L46.47%29,075$2.09M1
3No dataGlobal X Copper Swap Mrex-L45.87%28,702$2.07M1
4No dataGlobal X Copper Miners Etf-Swap-Nbcb-L41.80%26,155$1.88M1
5No dataGlobal X Copper Swap Clst-L39.66%24,818$1.79M1
6No dataGlobal X Copper Swap Cant-L26.34%16,480$1.19M1
7No dataFirst American Government Obligations Fund 12/01/203115.36%691,528$692K477

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$7,685
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. COPZ $7,685. SPY $10,141. Use the arrow keys to read each point.$7,500$10,000$12,500$15,000Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – Oct 30, 2026

Returns run to the Oct 30, 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 yearNo data
1 month−30.2%
3 months−23.2%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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−46.4%

Since listing, Feb 17, 2026

COPZ in the news

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 30, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed Feb 2026. No distributions yet.

COPZ Risk

Risk pillarF24 out of 100Rank 83 of 98 in Leveraged Long (2x & Other)

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.

FMP measures it over up to five years of monthly returns.

COPZ Cost

Compare COPZ and WX

Overpaying vs WX, cheapest in Leveraged Long (2x & Other)

$13,714

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • COPZ 0.95%

    $17,869

  • WX 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • COPZ 0.95%
  • WX 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530COPZ $17,869WX $4,155

Year by year

YearCOPZWXOverpaying
10$1,678$365$1,313
20$6,322$1,421$4,901
30$17,869$4,155$13,714

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