COPZ vs UYG

COPZCDefiance Daily Target 2X Long Copper Miners ETF

UYGAProShares Ultra Financials

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.

UYG Listed in January 2007, a year before the banking crash, UYG targets 2x the daily move of the financial stocks in the S&P 500. A veteran of the leveraged shelf, priced at 0.93% with no fee waiver propping that number up.

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.

UYG UYG seeks pre-expense daily results equal to 2x the daily performance of the S&P Financial Select Sector Index. It is designed to provide magnified financials-sector exposure on a daily basis.

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.

• UYG One of the originals: on the tape since January 30, 2007, still running the same mandate of 2x the daily performance of the S&P Financial Select Sector Index.proshares.com
• At 0.93% with no waiver doing the work, it sits near the median fee of its leveraged peer group and level with sibling ROM (0.93%). QLD is 0.89%, but net of a waiver through September 30, 2027.
• The whole sector in one ticker: banks, insurers and capital-markets firms from the S&P 500, roughly 80 names, geared daily.proshares.com
• Stands in the top tier of the leveraged bull funds we grade, a group of close to a hundred tickers.

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.

• UYG The 2x target is a one-day target and resets each day. Over longer holds the result comes from compounding daily moves, and in choppy markets that can land well off twice the index's return for the period.proshares.com
• One sector, doubled. Financials move with rates, credit conditions and deal flow, and UYG amplifies that daily swing in both directions.
• It changes hands less than the headline leveraged funds, so the spread is worth a look before you place an order.

Full COPZ profile⁠

Full UYG profile⁠