COPZ vs. MSTX
COPZ (Defiance Daily Target 2X Long Copper ETF) and MSTX (Defiance Daily Target 2X Long MSTR ETF) are both exchange-traded funds - COPZ is a Leveraged Commodities fund actively managed by Defiance, while MSTX is a Leveraged Equities fund actively managed by Defiance. Both are actively managed. At a 0.36 correlation, their price movements are largely independent. COPZ charges 0.95%/yr vs 1.29%/yr for MSTX.
Performance
COPZ vs. MSTX - Performance Comparison
Loading charts...
Returns By Period
COPZ
- 1D
- -6.96%
- 1M
- 32.69%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTX
- 1D
- -14.41%
- 1M
- -56.02%
- YTD
- -54.94%
- 6M
- -72.02%
- 1Y
- -95.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COPZ vs. MSTX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
COPZ Defiance Daily Target 2X Long Copper ETF | -5.37% |
MSTX Defiance Daily Target 2X Long MSTR ETF | -18.93% |
Correlation
The correlation between COPZ and MSTX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 19, 2026 | 0.36 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
COPZ vs. MSTX — Risk / Return Rank
COPZ
MSTX
COPZ vs. MSTX - 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 Daily Target 2X Long MSTR ETF (MSTX). 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.
Loading charts...
Sharpe Ratios by Period
| COPZ | MSTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.17 | -0.42 | +0.25 |
Drawdowns
COPZ vs. MSTX - Drawdown Comparison
The maximum COPZ drawdown since its inception was -49.79%, smaller than the maximum MSTX drawdown of -98.66%. Use the drawdown chart below to compare losses from any high point for COPZ and MSTX.
Loading charts...
Drawdown Indicators
| COPZ | MSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.79% | -98.66% | +48.87% |
Max Drawdown (1Y)Largest decline over 1 year | — | -96.62% | — |
Current DrawdownCurrent decline from peak | -21.65% | -98.61% | +76.96% |
Average DrawdownAverage peak-to-trough decline | -28.52% | -69.94% | +41.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 75.26% | — |
Volatility
COPZ vs. MSTX - Volatility Comparison
Loading charts...
Volatility by Period
| COPZ | MSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 39.64% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 112.57% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 104.89% | 140.09% | -35.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 104.89% | 167.46% | -62.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 104.89% | 167.46% | -62.57% |
COPZ vs. MSTX - Expense Ratio Comparison
COPZ has a 0.95% expense ratio, which is lower than MSTX's 1.29% expense ratio.
Dividends
COPZ vs. MSTX - Dividend Comparison
Neither COPZ nor MSTX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
COPZ Defiance Daily Target 2X Long Copper ETF | 0.00% | 0.00% | 0.00% |
MSTX Defiance Daily Target 2X Long MSTR ETF | 0.00% | 0.00% | 41.01% |
Frequently Asked Questions
COPZ and MSTX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
COPZ is cheaper with a 0.95% expense ratio, compared with 1.29% for MSTX.
COPZ and MSTX have nearly identical dividend yields, around 0.00%.
COPZ is categorized as Leveraged Commodities, while MSTX is Leveraged Equities. Their fees differ too: 0.95% for COPZ and 1.29% for MSTX.
Find the right allocation for COPZ and MSTX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer