COPZ vs. BOIL

Last updated Jun 26, 2026

COPZ (Defiance Daily Target 2X Long Copper ETF) and BOIL (ProShares Ultra Bloomberg Natural Gas) are both exchange-traded funds - COPZ is a Copper fund actively managed by Defiance, while BOIL is a Oil & Gas fund tracking the Bloomberg Natural Gas Subindex. COPZ is actively managed, while BOIL is passively managed. At a correlation of -0.29, they often move in opposite directions. COPZ charges 0.95%/yr vs 1.31%/yr for BOIL.

Performance

COPZ vs. BOIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long Copper ETF (COPZ) and ProShares Ultra Bloomberg Natural Gas (BOIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

COPZ

• 1D: 1.24%
• 1M: -27.83%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BOIL

• 1D: 0.11%
• 1M: 11.09%
• YTD: -38.54%
• 6M: -41.03%
• 1Y: -71.62%
• 3Y*: -66.38%
• 5Y*: -66.45%
• 10Y*: -57.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

COPZ vs. BOIL - Yearly Performance Comparison

	2026 (YTD)
COPZ Defiance Daily Target 2X Long Copper ETF	-35.00%
BOIL ProShares Ultra Bloomberg Natural Gas	-19.48%

Correlation

The correlation between COPZ and BOIL is -0.29, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 18, 2026	-0.29

Return for Risk

COPZ vs. BOIL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COPZ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BOIL

BOIL Risk / Return Rank: 4
BOIL Sharpe Ratio Rank: 4
BOIL Sortino Ratio Rank: 5
BOIL Omega Ratio Rank: 4
BOIL Calmar Ratio Rank: 1
BOIL Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

COPZ vs. BOIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long Copper ETF (COPZ) and ProShares Ultra Bloomberg Natural Gas (BOIL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	COPZ	BOIL	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.64	—
Sortino ratio: Return per unit of downside risk	—	-0.68	—
Omega ratio: Gain probability vs. loss probability	—	0.91	—
Calmar ratio: Return relative to maximum drawdown	—	-0.93	—
Martin ratio: Return relative to average drawdown	—	-1.28	—

Drawdowns

COPZ vs. BOIL - Drawdown Comparison

The maximum COPZ drawdown since its inception was -49.79%, smaller than the maximum BOIL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for COPZ and BOIL.

Drawdown Indicators

	COPZ	BOIL	Difference
Max Drawdown Largest peak-to-trough decline	-49.79%	-100.00%	+50.21%
Max Drawdown (1Y) Largest decline over 1 year	—	-77.43%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-96.86%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-99.91%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-99.99%	—
Current Drawdown Current decline from peak	-46.29%	-100.00%	+53.71%
Average Drawdown Average peak-to-trough decline	-29.27%	-93.59%	+64.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	56.14%	—

Volatility

Volatility by Period

	COPZ	BOIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	22.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	104.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	110.71%	113.02%	-2.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	110.71%	118.93%	-8.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	110.71%	101.81%	+8.90%

COPZ vs. BOIL - Expense Ratio Comparison

COPZ has a 0.95% expense ratio, which is lower than BOIL's 1.31% expense ratio.

Dividends

COPZ vs. BOIL - Dividend Comparison

Neither COPZ nor BOIL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both COPZ and BOIL in my portfolio?

COPZ and BOIL have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, COPZ or BOIL?

On fees, COPZ is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COPZ or BOIL?

COPZ is cheaper with a 0.95% expense ratio, compared with 1.31% for BOIL.

Which ETF pays a higher dividend yield, COPZ or BOIL?

COPZ and BOIL have nearly identical dividend yields, around 0.00%.

What is the main difference between COPZ and BOIL?

COPZ is categorized as Copper, while BOIL is Oil & Gas. They also come from different issuers: Defiance and ProShares. Their fees differ too: 0.95% for COPZ and 1.31% for BOIL.