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COPZ vs DDM

Defiance Daily Target 2X Long Copper Miners ETF

COPZCNYSE Arca

ProShares Ultra Dow30

DDMBNYSE Arca

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

COPZ0.95%DDM0.95%

Avg volume · 30D

DDM 7.9×the volume

COPZ23.3KDDM185K

COPZ vs DDM Performance

Jul 31, 2026 – Nov 2, 2026

−21.4%COPZ−3.0%DDM

Jul 31, 2026 to Nov 2, 2026. COPZ −21.4%. DDM −3.0%. Use the arrow keys to read each point.20%40%Jul 2026Sep 2026Nov 2026
Expense ratio
COPZ 0.95%
DDM 0.95%
Fund size
COPZ $5M
DDM $507M
1Y total return
COPZ No data
DDM +14.5%
Yield (12M)
COPZ No data
DDM 0.97%
Holdings
COPZ 7
DDM 34
Avg volume (30D)
COPZ 23.3K sh
DDM 185K sh, better
NAV per share
COPZ $10.73
DDM $62.99
52W range

ETF.net Grade

COPZ: Cost 51, Risk 24, Mission 97, Tradability 37, Holdings not scored, Durability 42. DDM: Cost 51, Risk 79, Mission 92, Tradability 93, Holdings 53, Durability 79.
Pillar letters and Scores for COPZ, DDM, with each pillar’s weight
PillarCOPZDDM
Cost30% weightC51C51
Mission25% weightA97HigherA92
Risk15% weightF24A79Higher
Tradability15% weightD37A93Higher
Holdings10% weightNot scoredC53
Durability5% weightC42A79Higher

Rank among Leveraged Long (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. COPZ and DDM are both graded against the same 95 Leveraged Long (2x & Other) funds, so their Grades compare head to head.

Leveraged Long (2x & Other)⁠

Category · 95 funds
See all 95 ›

DDM ranks 4th and COPZ 37th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 78
  2. Rank 2AUYGProShares Ultra FinancialsScore 73
  3. Rank 3AROMProShares Ultra TechnologyScore 71
  4. Rank 4BDDMProShares Ultra Dow30Score 69
  5. Rank 5BUSDProShares Ultra SemiconductorsScore 68
  6. Rank 37CCIFCCorgi CIFR 2x Daily ETFScore 40
  7. Rank 37CCOPZDefiance Daily Target 2X Long Copper Miners ETFScore 40
  8. Rank 37CEMXXCorgi Emerging Markets 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

COPZCDefiance Daily Target 2X Long Copper Miners ETF

DDMBProShares Ultra Dow30

In short

COPZ Copper 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.

DDM The Dow dates to 1896. DDM is the only ETF built to double its daily move: 2x the Dow Jones Industrial Average, reset every single day, for 0.95% a year, running since 2006.

Stated mandate

COPZ 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.

DDM The fund seeks daily investment results, before fees and expenses, corresponding to twice the daily performance of the Dow Jones Industrial Average.

Why people hold it

  • COPZ 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.
  • DDM The only ETF that targets 2x the daily return of the Dow Jones Industrial Average. Leveraged blue-chip exposure through one ticker, no margin account needed.proshares.com
  • Trading since 2006, and its day-to-day results have stayed close to the 2x daily target across nearly two decades of market cycles.proshares.com
  • Easy to get in and out of for a fund its size, and one of the strongest implementations in its peer group of leveraged bull funds.
  • The 0.95% fee sits near the typical charge for leveraged funds, and it is the standing rate, not a number propped up by a temporary waiver.

Worth knowing

  • COPZ 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.
  • DDM The 2x target resets daily. Hold for weeks and compounding takes over, so results can land well away from twice the Dow's move, especially in choppy markets.proshares.com
  • The Dow is price-weighted across 30 blue chips, so a high-priced stock swings it more than a far larger company does.spglobal.com
  • Sibling leveraged funds cost a little less: QLD charges 0.89% net of a waiver through September 30, 2027, against a 0.96% gross rate.

Full COPZ profile⁠

Full DDM profile⁠

COPZ vs DDM Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

COPZ vs DDM Cost

Same expense ratio

$17,869

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

  • COPZ 0.95%

    $17,869

  • DDM 0.95%

    $17,869

$10,000
30 years

Cost over time

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

Year by year

YearCOPZDDM
10$1,678$1,678
20$6,322$6,322
30$17,869$17,869

Expense ratio

  • 0.95%COPZ
  • 0.95%DDM
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

COPZ 32nd cheapest of 95 funds

DDM 32nd cheapest of 95 funds

COPZ vs DDM Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
COPZ No data
DDM 0.97%
Payout (12M)
COPZ None
DDM $0.62
Last payment
COPZ No data
DDM $0.15
Ex-dividend
COPZ No data
DDM Sep 23, 2026
Paid on
COPZ No data
DDM Sep 29, 2026
Frequency
COPZ No data
DDM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

COPZAll COPZ payments⁠

No distribution history available.

DDMQuarterly · 33 paymentsAll DDM payments⁠
One bar per payment. 33 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.04; Jun 21, 2017 $0.03; Sep 27, 2017 $0.04; Dec 26, 2017 $0.04; Mar 21, 2018 $0.03; Jun 20, 2018 $0.03; Sep 26, 2018 $0.06; Dec 26, 2018 $0.04; Mar 20, 2019 $0.04; Jun 25, 2019 $0.05; Dec 24, 2019 $0.07; Mar 25, 2020 $0.06; Jun 24, 2020 $0.0055; Dec 23, 2020 $0.02; Mar 23, 2021 $0.01; Sep 22, 2021 $0.0052; Dec 23, 2021 $0.05; Mar 23, 2022 $0.07; Jun 22, 2022 $0.04; Sep 21, 2022 $0.04; Dec 22, 2022 $0.12; Dec 20, 2023 $0.11; Mar 20, 2024 $0.12; Jun 26, 2024 $0.13; Sep 25, 2024 $0.14; Dec 23, 2024 $0.09; Mar 26, 2025 $0.13; Jun 25, 2025 $0.13; Sep 24, 2025 $0.15; Dec 24, 2025 $0.14; Mar 25, 2026 $0.16; Jun 24, 2026 $0.17; Sep 23, 2026 $0.15. Use the arrow keys to read each point.$0$0.202017202020232026YTD

COPZ vs DDM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
COPZ No dataDDM 24.6%
Return per unit of riskSharpe ratio, 3 years
COPZ No dataDDM 0.96
Worst fallMax drawdown, 5 years
COPZ No dataDDM −40.2%
Market sensitivityBeta, 5 years
COPZ 3.51DDM 1.73

COPZ and DDM in the news

All news⁠

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