COPZ vs. GLDW

Last updated Apr 1, 2026

Compare and contrast key facts about Defiance Daily Target 2X Long Copper ETF (COPZ) and Roundhill Gold WeeklyPay ETF (GLDW).

COPZ and GLDW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. COPZ is an actively managed fund by Defiance. It was launched on Feb 17, 2026. GLDW is an actively managed fund by State Street. It was launched on Oct 30, 2025.

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.

COPZ vs. GLDW - Yearly Performance Comparison

	2026 (YTD)
COPZ Defiance Daily Target 2X Long Copper ETF	-27.38%
GLDW Roundhill Gold WeeklyPay ETF	-8.13%

Returns By Period

COPZ

• 1D: 15.41%
• 1M: -39.87%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLDW

• 1D: 4.69%
• 1M: -13.64%
• YTD: 8.62%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COPZ vs. GLDW - Expense Ratio Comparison

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

GLDW

Roundhill Gold WeeklyPay ETF

COPZ

Defiance Daily Target 2X Long Copper ETF

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	-0.79	1.13	-1.93

Correlation

The correlation between COPZ and GLDW is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

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 12.11%.

	TTM	2025
COPZ Defiance Daily Target 2X Long Copper ETF	0.00%	0.00%
GLDW Roundhill Gold WeeklyPay ETF	12.11%	3.75%

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	-39.87%	-16.66%	-23.21%
Average Drawdown Average peak-to-trough decline	-26.41%	-5.11%	-21.30%

Volatility

Volatility by Period

	COPZ	GLDW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	120.30%	41.26%	+79.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	120.30%	41.26%	+79.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	120.30%	41.26%	+79.04%