COPZ vs. IWMY

Last updated Apr 1, 2026

Compare and contrast key facts about Defiance Daily Target 2X Long Copper ETF (COPZ) and Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY).

COPZ and IWMY 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. IWMY is a passively managed fund by Defiance that tracks the performance of the Russell 2000 Index. It was launched on Oct 30, 2023.

Performance

COPZ vs. IWMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long Copper ETF (COPZ) and Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY). The values are adjusted to include any dividend payments, if applicable.

COPZ vs. IWMY - Yearly Performance Comparison

	2026 (YTD)
COPZ Defiance Daily Target 2X Long Copper ETF	-27.38%
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF	-6.49%

Returns By Period

COPZ

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

IWMY

• 1D: 3.43%
• 1M: -5.25%
• YTD: -1.55%
• 6M: -5.22%
• 1Y: 11.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COPZ vs. IWMY - Expense Ratio Comparison

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

IWMY

Defiance R2000 Enhanced Options & 0DTE Income ETF

COPZ

Defiance Daily Target 2X Long Copper ETF

Return for Risk

COPZ vs. IWMY — Risk / Return Rank

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

IWMY

IWMY Risk / Return Rank: 35
IWMY Sharpe Ratio Rank: 37
IWMY Sortino Ratio Rank: 33
IWMY Omega Ratio Rank: 33
IWMY Calmar Ratio Rank: 38
IWMY Martin Ratio Rank: 33

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. IWMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long Copper ETF (COPZ) and Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY). 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	IWMY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.79	0.64	-1.43

Correlation

The correlation between COPZ and IWMY is 0.70, 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. IWMY - Dividend Comparison

COPZ has not paid dividends to shareholders, while IWMY's dividend yield for the trailing twelve months is around 57.87%.

	TTM	2025	2024	2023
COPZ Defiance Daily Target 2X Long Copper ETF	0.00%	0.00%	0.00%	0.00%
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF	57.87%	63.33%	107.92%	11.34%

Drawdowns

COPZ vs. IWMY - Drawdown Comparison

The maximum COPZ drawdown since its inception was -49.79%, which is greater than IWMY's maximum drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for COPZ and IWMY.

Drawdown Indicators

	COPZ	IWMY	Difference
Max Drawdown Largest peak-to-trough decline	-49.79%	-18.72%	-31.07%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.55%	—
Current Drawdown Current decline from peak	-39.87%	-8.54%	-31.33%
Average Drawdown Average peak-to-trough decline	-26.41%	-3.07%	-23.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.01%	—

Volatility

Volatility by Period

	COPZ	IWMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.32%	—
Volatility (1Y) Calculated over the trailing 1-year period	120.30%	17.73%	+102.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	120.30%	15.63%	+104.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	120.30%	15.63%	+104.67%