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COPZ vs QLD

Defiance Daily Target 2X Long Copper Miners ETF

COPZCNYSE Arca

ProShares Ultra QQQ

QLDANYSE Arca

Overlap

Expense ratio

QLD −0.06pt a year

COPZ0.95%QLD0.89%

Avg volume · 30D

QLD 177.8×the volume

COPZ23.3KQLD4.15M

COPZ vs QLD Performance

Jul 31, 2026 – Nov 2, 2026

−21.4%COPZ−4.0%QLD

Jul 31, 2026 to Nov 2, 2026. COPZ −21.4%. QLD −4.0%. Use the arrow keys to read each point.20%40%Jul 2026Sep 2026Nov 2026
Expense ratio
COPZ 0.95%
QLD 0.89%, better
Fund size
COPZ $5M
QLD $13.3B
1Y total return
COPZ No data
QLD +7.6%
Yield (12M)
COPZ No data
QLD 0.15%
Holdings
COPZ 7
QLD 113
Avg volume (30D)
COPZ 23.3K sh
QLD 4.15M sh, better
NAV per share
COPZ $10.73
QLD $82.56
52W range

ETF.net Grade

COPZ: Cost 51, Risk 24, Mission 97, Tradability 37, Holdings not scored, Durability 42. QLD: Cost 72, Risk 66, Mission 95, Tradability 100, Holdings 72, Durability 81.
Pillar letters and Scores for COPZ, QLD, with each pillar’s weight
PillarCOPZQLD
Cost30% weightC51A72Higher
Mission25% weightA97HigherA95
Risk15% weightF24B66Higher
Tradability15% weightD37A100Higher
Holdings10% weightNot scoredA72
Durability5% weightC42A81Higher

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 QLD 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 ›

QLD ranks 1st 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 37CCIFCCorgi CIFR 2x Daily ETFScore 40
  4. Rank 37CCOPZDefiance Daily Target 2X Long Copper Miners ETFScore 40
  5. Rank 37CEMXXCorgi Emerging Markets 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

COPZCDefiance Daily Target 2X Long Copper Miners ETF

QLDAProShares Ultra QQQ

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.

QLD The 2x dial on the Nasdaq-100. QLD aims for twice the index's daily move, half the dose of the 3x crowd, and it has been running that playbook since 2006. The multiple resets every session.

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.

QLD The fund seeks daily investment results, before fees and expenses, equal to twice the daily performance of the Nasdaq-100 Index.

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.
  • QLD Costs 0.89% net of a waiver through September 30, 2027 (0.96% gross), below the leveraged-bull category median and under Ultra stablemates ROM (0.93%) and DDM (0.95%).
  • Hits its stated daily 2x mark with very little drift, one of the tighter implementations among the roughly 100 leveraged bull funds in its group.
  • A multi-billion-dollar, actively traded fund, so entering and exiting rarely means hunting for the other side of the trade.
  • Trading since June 2006, which makes it one of the longest-running leveraged equity funds on the US shelf rather than a recent product-shelf experiment.

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.
  • QLD The 2x objective covers one day only. Hold longer and daily resets plus compounding can push results away from twice the index's move over that stretch, in either direction.proshares.com
  • Magnification runs both ways: a down day in the Nasdaq-100 lands on shareholders at roughly double size, same as an up day.
  • Cheap for geared exposure, still well above a plain unleveraged Nasdaq-100 tracker. The waiver is set to lapse September 30, 2027, after which the 0.96% gross rate applies unless renewed.

Full COPZ profile⁠

Full QLD profile⁠

COPZ vs QLD 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 QLD Cost

Overpaying COPZ vs QLD

$997

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

  • COPZ 0.95%

    $17,869

  • QLD 0.89%

    $16,872

$10,000
30 years

Cost over time

  • COPZ 0.95%
  • QLD 0.89%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530COPZ $17,869QLD $16,872

Year by year

YearCOPZQLDOverpaying
10$1,678$1,576$102
20$6,322$5,953$369
30$17,869$16,872$997

Expense ratio

  • 0.95%COPZ
  • 0.89%QLD, cheaper
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

QLD 28th cheapest of 95 funds

COPZ 32nd cheapest of 95 funds

COPZ vs QLD Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
COPZ No data
QLD 0.15%
Payout (12M)
COPZ None
QLD $0.12
Last payment
COPZ No data
QLD $0.03
Ex-dividend
COPZ No data
QLD Sep 23, 2026
Paid on
COPZ No data
QLD Sep 29, 2026
Frequency
COPZ No data
QLD Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

COPZAll COPZ payments⁠

No distribution history available.

QLDQuarterly · 21 paymentsAll QLD payments⁠
One bar per payment. 21 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.0012; Jun 21, 2017 $0.00044; Dec 26, 2018 $0.005; Mar 20, 2019 $0.0078; Jun 25, 2019 $0.0052; Dec 24, 2019 $0.0062; Mar 25, 2020 $0.0011; Dec 22, 2022 $0.05; Sep 20, 2023 $0.09; Dec 20, 2023 $0.04; Mar 20, 2024 $0.03; Jun 26, 2024 $0.05; Sep 25, 2024 $0.03; Dec 23, 2024 $0.03; Mar 26, 2025 $0.01; Jun 25, 2025 $0.06; Sep 24, 2025 $0.02; Dec 24, 2025 $0.02; Mar 25, 2026 $0.01; Jun 24, 2026 $0.06; Sep 23, 2026 $0.03. Use the arrow keys to read each point.$0$0.102017202020232026YTD

COPZ vs QLD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
COPZ No dataQLD 36.7%
Return per unit of riskSharpe ratio, 3 years
COPZ No dataQLD 1.04
Worst fallMax drawdown, 5 years
COPZ No dataQLD −63.7%
Market sensitivityBeta, 5 years
COPZ 3.51QLD 2.46

COPZ and QLD in the news

All news⁠

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