COPZ vs. DZZ
COPZ (Defiance Daily Target 2X Long Copper ETF) and DZZ (DB Gold Double Short Exchange Traded Notes) are both Leveraged Commodities funds. COPZ is actively managed, while DZZ is passively managed. At a correlation of -0.44, they often move in opposite directions. COPZ charges 0.95%/yr vs 0.75%/yr for DZZ.
Performance
COPZ vs. DZZ - Performance Comparison
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Returns By Period
COPZ
- 1D
- 7.43%
- 1M
- 34.29%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DZZ
- 1D
- -4.14%
- 1M
- -18.98%
- YTD
- -49.04%
- 6M
- -44.25%
- 1Y
- 6.57%
- 3Y*
- -7.35%
- 5Y*
- -5.49%
- 10Y*
- -10.64%
COPZ vs. DZZ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
COPZ Defiance Daily Target 2X Long Copper ETF | 1.71% |
DZZ DB Gold Double Short Exchange Traded Notes | -25.88% |
Correlation
The correlation between COPZ and DZZ is -0.44, 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 19, 2026 | -0.44 |
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Return for Risk
COPZ vs. DZZ — Risk / Return Rank
COPZ
DZZ
COPZ vs. DZZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long Copper ETF (COPZ) and DB Gold Double Short Exchange Traded Notes (DZZ). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| COPZ | DZZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.04 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.07 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | -0.24 | +0.29 |
Drawdowns
COPZ vs. DZZ - Drawdown Comparison
The maximum COPZ drawdown since its inception was -49.79%, smaller than the maximum DZZ drawdown of -96.64%. Use the drawdown chart below to compare losses from any high point for COPZ and DZZ.
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Drawdown Indicators
| COPZ | DZZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.79% | -96.64% | +46.85% |
Max Drawdown (1Y)Largest decline over 1 year | — | -80.84% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -80.84% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -80.84% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.84% | — |
Current DrawdownCurrent decline from peak | -15.79% | -95.23% | +79.44% |
Average DrawdownAverage peak-to-trough decline | -28.62% | -82.30% | +53.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 52.96% | — |
Volatility
COPZ vs. DZZ - Volatility Comparison
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Volatility by Period
| COPZ | DZZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 30.11% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 59.63% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 104.76% | 169.46% | -64.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 104.76% | 83.64% | +21.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 104.76% | 64.06% | +40.70% |
COPZ vs. DZZ - Expense Ratio Comparison
COPZ has a 0.95% expense ratio, which is higher than DZZ's 0.75% expense ratio.
Dividends
COPZ vs. DZZ - Dividend Comparison
Neither COPZ nor DZZ has paid dividends to shareholders.
Frequently Asked Questions
COPZ and DZZ have a correlation of -0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DZZ is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DZZ is cheaper with a 0.75% expense ratio, compared with 0.95% for COPZ.
COPZ and DZZ have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and Deutsche Bank. Their fees differ too: 0.95% for COPZ and 0.75% for DZZ.
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