COPZ vs. MLPB
COPZ (Defiance Daily Target 2X Long Copper ETF) and MLPB (ETRACS Alerian MLP Infrastructure Index ETN Series B) are both exchange-traded funds - COPZ is a Copper fund actively managed by Defiance, while MLPB is a Infrastructure Equities fund tracking the Alerian MLP Infrastructure Index. COPZ is actively managed, while MLPB is passively managed. Their -0.31 correlation means they have often moved in opposite directions in the past. COPZ charges 0.95%/yr vs 0.85%/yr for MLPB.
Performance
COPZ vs. MLPB - Performance Comparison
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Returns By Period
COPZ
- 1D
- 6.73%
- 1M
- 16.04%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
MLPB
- 1D
- -1.09%
- 1M
- 5.83%
- 6M
- 13.93%
- YTD
- 24.64%
- 1Y
- 23.96%
- 3Y*
- 21.68%
- 5Y*
- 22.90%
- 10Y*
- 8.72%
- ALL TIME*
- 7.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $236.74K | $260.66K | $605.24K | |
| $110.82K | $110.30K | $134.97K |
COPZ vs. MLPB - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
COPZ Defiance Daily Target 2X Long Copper ETF | -19.42% |
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B | 9.14% |
Correlation
The correlation between COPZ and MLPB is -0.31, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 18, 2026 | -0.31 |
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Return for Risk
COPZ vs. MLPB — Risk / Return Rank
COPZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MLPB
COPZ vs. MLPB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long Copper ETF (COPZ) and ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB). 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 | MLPB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.59 | — |
| Martin ratioReturn relative to average drawdown | — | 7.17 | — |
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Drawdowns
COPZ vs. MLPB - Drawdown Comparison
The maximum COPZ drawdown since its inception was -51.59%, smaller than the maximum MLPB drawdown of -71.93%. Use the drawdown chart below to compare losses from any high point for COPZ and MLPB.
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Drawdown Indicators
| COPZ | MLPB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.59% | -71.93% | +20.34% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.28% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.41% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -71.93% | — |
Current DrawdownCurrent decline from peak | -33.41% | -1.63% | -31.78% |
Average DrawdownAverage peak-to-trough decline | -33.23% | -14.65% | -18.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.35% | — |
Volatility
COPZ vs. MLPB - Volatility Comparison
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Volatility by Period
| COPZ | MLPB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.40% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.01% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 107.01% | 14.10% | +92.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 107.01% | 19.58% | +87.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 107.01% | 27.20% | +79.81% |
COPZ vs. MLPB - Expense Ratio Comparison
COPZ has a 0.95% expense ratio, which is higher than MLPB's 0.85% expense ratio.
Dividends
COPZ vs. MLPB - Dividend Comparison
COPZ has not paid dividends to shareholders, while MLPB's dividend yield for the trailing twelve months is around 5.79%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
COPZ Defiance Daily Target 2X Long Copper ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B | 5.79% | 6.51% | 5.95% | 6.37% | 6.00% | 6.98% | 11.93% | 7.98% | 8.11% | 7.23% | 6.85% |
Frequently Asked Questions
COPZ and MLPB have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MLPB is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MLPB is cheaper with a 0.85% expense ratio, compared with 0.95% for COPZ.
MLPB has the higher dividend yield at 5.79%, compared with 0.00% for COPZ.
COPZ is categorized as Copper, while MLPB is Infrastructure Equities. They also come from different issuers: Defiance and UBS. Their fees differ too: 0.95% for COPZ and 0.85% for MLPB.
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