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COPZ vs ROM

Defiance Daily Target 2X Long Copper Miners ETF

COPZCNYSE Arca

ProShares Ultra Technology

ROMANYSE Arca

Overlap

Expense ratio

ROM −0.02pt a year

COPZ0.95%ROM0.93%

Avg volume · 30D

ROM 2.0×the volume

COPZ23.3KROM47.7K

COPZ vs ROM Performance

Jul 31, 2026 – Nov 2, 2026

−21.4%COPZ−3.8%ROM

Jul 31, 2026 to Nov 2, 2026. COPZ −21.4%. ROM −3.8%. Use the arrow keys to read each point.20%40%Jul 2026Sep 2026Nov 2026
Expense ratio
COPZ 0.95%
ROM 0.93%, better
Fund size
COPZ $5M
ROM $1.15B
1Y total return
COPZ No data
ROM +19.3%
Yield (12M)
COPZ No data
ROM 0.03%
Holdings
COPZ 7
ROM 85
Avg volume (30D)
COPZ 23.3K sh
ROM 47.7K sh, better
NAV per share
COPZ $10.73
ROM $132.18
52W range

ETF.net Grade

COPZ: Cost 51, Risk 24, Mission 97, Tradability 37, Holdings not scored, Durability 42. ROM: Cost 70, Risk 56, Mission not scored, Tradability 88, Holdings not scored, Durability 81.
Pillar letters and Scores for COPZ, ROM, with each pillar’s weight
PillarCOPZROM
Cost30% weightC51A70Higher
Mission25% weightA97Not scored
Risk15% weightF24B56Higher
Tradability15% weightD37A88Higher
Holdings10% weightNot scoredNot scored
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 ROM 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 ›

ROM ranks 3rd 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 37CCIFCCorgi CIFR 2x Daily ETFScore 40
  6. Rank 37CCOPZDefiance Daily Target 2X Long Copper Miners ETFScore 40
  7. Rank 37CEMXXCorgi Emerging Markets 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

COPZCDefiance Daily Target 2X Long Copper Miners ETF

ROMAProShares Ultra Technology

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.

ROM The original 2x tech trade. Since 2007, ROM has aimed at twice the daily move of the S&P 500's technology sector: a double dose in a category now stacked with triples.

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.

ROM ROM seeks daily investment results, before fees and expenses, corresponding to twice the daily performance of the S&P Technology Select Sector SM 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.
  • ROM Two times, not three. A 2x daily target means smaller swings and less compounding drag than a 3x fund chasing the same sector.sec.gov
  • Live since January 2007, so it has run through the 2008 crash and the full tech cycle since. Long mileage is rare in geared funds.
  • 0.93% a year, flat, with no waiver propping it up. Peer QLD runs 0.89%, but only net of a waiver through September 30, 2027.
  • One of the strongest implementations in the leveraged-bull pack, from an issuer that has run geared funds since the category's early days.proshares.com

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.
  • ROM The 2x target resets at each close, so results over weeks or months depend on the path the sector takes, not just where it ends up.sec.govproshares.com
  • Trades thinner than the category's headline names, so spreads and limit orders matter, especially in size.
  • About 80 tech names from the S&P 500. That is one concentrated sector bet, doubled, in both directions.

Full COPZ profile⁠

Full ROM profile⁠

COPZ vs ROM 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 ROM Cost

Overpaying COPZ vs ROM

$330

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

  • COPZ 0.95%

    $17,869

  • ROM 0.93%

    $17,539

$10,000
30 years

Cost over time

  • COPZ 0.95%
  • ROM 0.93%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530COPZ $17,869ROM $17,539

Year by year

YearCOPZROMOverpaying
10$1,678$1,644$34
20$6,322$6,199$123
30$17,869$17,539$330

Expense ratio

  • 0.95%COPZ
  • 0.93%ROM, cheaper
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

ROM 29th cheapest of 95 funds

COPZ 32nd cheapest of 95 funds

COPZ vs ROM Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
COPZ No data
ROM 0.03%
Payout (12M)
COPZ None
ROM $0.04
Last payment
COPZ No data
ROM $0.02
Ex-dividend
COPZ No data
ROM Mar 25, 2026
Paid on
COPZ No data
ROM Mar 31, 2026
Frequency
COPZ No data
ROM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

COPZAll COPZ payments⁠

No distribution history available.

ROMQuarterly · 19 paymentsAll ROM payments⁠
One bar per payment. 19 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.0015; Dec 26, 2017 $0.0075; Mar 21, 2018 $0.0064; Jun 20, 2018 $0.006; Dec 26, 2018 $0.02; Mar 20, 2019 $0.01; Jun 25, 2019 $0.0043; Dec 24, 2019 $0.01; Mar 25, 2020 $0.02; Dec 20, 2023 $0.0042; Mar 20, 2024 $0.01; Jun 26, 2024 $0.04; Sep 25, 2024 $0.06; Dec 23, 2024 $0.03; Mar 26, 2025 $0.02; Jun 25, 2025 $0.14; Sep 24, 2025 $0.05; Dec 24, 2025 $0.02; Mar 25, 2026 $0.02. Use the arrow keys to read each point.$0$0.102017202020232026YTD

COPZ vs ROM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
COPZ No dataROM 49.3%
Return per unit of riskSharpe ratio, 3 years
COPZ No dataROM 0.97
Worst fallMax drawdown, 5 years
COPZ No dataROM −67.6%
Market sensitivityBeta, 5 years
COPZ 3.51ROM 3.09

COPZ and ROM in the news

All news⁠

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