COPZ vs. GLDW

Last updated Jun 3, 2026

COPZ (Defiance Daily Target 2X Long Copper ETF) and GLDW (Roundhill Gold WeeklyPay ETF) are both exchange-traded funds - COPZ is a Leveraged Commodities fund actively managed by Defiance, while GLDW is a Derivative Income fund actively managed by State Street. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. COPZ charges 0.95%/yr vs 0.99%/yr for GLDW.

Performance

COPZ vs. GLDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long Copper ETF (COPZ) and Roundhill Gold WeeklyPay ETF (GLDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

COPZ

• 1D: 7.43%
• 1M: 34.29%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLDW

• 1D: 0.32%
• 1M: -3.61%
• YTD: 2.22%
• 6M: 4.68%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COPZ vs. GLDW - Yearly Performance Comparison

	2026 (YTD)
COPZ Defiance Daily Target 2X Long Copper ETF	1.71%
GLDW Roundhill Gold WeeklyPay ETF	-13.54%

Correlation

The correlation between COPZ and GLDW is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 19, 2026	0.59

Return for Risk

COPZ vs. GLDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long Copper ETF (COPZ) and Roundhill Gold WeeklyPay ETF (GLDW). 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.

Sharpe Ratios by Period

	COPZ	GLDW	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.49	-0.43

Drawdowns

COPZ vs. GLDW - Drawdown Comparison

The maximum COPZ drawdown since its inception was -49.79%, which is greater than GLDW's maximum drawdown of -23.59%. Use the drawdown chart below to compare losses from any high point for COPZ and GLDW.

Drawdown Indicators

	COPZ	GLDW	Difference
Max Drawdown Largest peak-to-trough decline	-49.79%	-23.59%	-26.20%
Current Drawdown Current decline from peak	-15.79%	-21.57%	+5.78%
Average Drawdown Average peak-to-trough decline	-28.62%	-8.84%	-19.78%

Volatility

Volatility by Period

	COPZ	GLDW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	104.76%	36.99%	+67.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	104.76%	36.99%	+67.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	104.76%	36.99%	+67.77%

COPZ vs. GLDW - Expense Ratio Comparison

COPZ has a 0.95% expense ratio, which is lower than GLDW's 0.99% expense ratio.

Dividends

COPZ vs. GLDW - Dividend Comparison

COPZ has not paid dividends to shareholders, while GLDW's dividend yield for the trailing twelve months is around 19.25%.

Position	TTM	2025
COPZ Defiance Daily Target 2X Long Copper ETF	0.00%	0.00%
GLDW Roundhill Gold WeeklyPay ETF	19.25%	3.75%

Frequently Asked Questions

Can I hold both COPZ and GLDW in my portfolio?

COPZ and GLDW have a correlation of 0.59, 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 GLDW?

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 GLDW?

COPZ is cheaper with a 0.95% expense ratio, compared with 0.99% for GLDW.

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

GLDW has the higher dividend yield at 19.25%, compared with 0.00% for COPZ.

What is the main difference between COPZ and GLDW?

COPZ is categorized as Leveraged Commodities, while GLDW is Derivative Income. They also come from different issuers: Defiance and State Street. Their fees differ too: 0.95% for COPZ and 0.99% for GLDW.