COPZ vs. NRGU

Last updated Jul 17, 2026

COPZ (Defiance Daily Target 2X Long Copper ETF) and NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) are both exchange-traded funds - COPZ is a Copper fund actively managed by Defiance, while NRGU is a Leveraged Equities fund tracking the Solactive MicroSectors U.S. Big Oil Index (-300%). COPZ is actively managed, while NRGU is passively managed. At a correlation of -0.37, they often move in opposite directions. Both charge a 0.95% expense ratio.

Performance

COPZ vs. NRGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long Copper ETF (COPZ) and MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

COPZ

• 1D: -6.77%
• 1M: -32.86%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NRGU

• 1D: 3.84%
• 1M: 18.77%
• 6M: 86.19%
• YTD: 118.00%
• 1Y: 119.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COPZ vs. NRGU - Yearly Performance Comparison

	2026 (YTD)
COPZ Defiance Daily Target 2X Long Copper ETF	-38.59%
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN	37.48%

Correlation

The correlation between COPZ and NRGU is -0.37, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 18, 2026	-0.37

Return for Risk

COPZ vs. NRGU — Risk / Return Rank

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

COPZ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

NRGU

NRGU Risk / Return Rank: 55
NRGU Sharpe Ratio Rank: 58
NRGU Sortino Ratio Rank: 52
NRGU Omega Ratio Rank: 50
NRGU Calmar Ratio Rank: 69
NRGU Martin Ratio Rank: 47

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. NRGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long Copper ETF (COPZ) and MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU). 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	NRGU	Difference
Sharpe ratio: Return per unit of total volatility	—	1.56	—
Sortino ratio: Return per unit of downside risk	—	2.08	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.73	—
Martin ratio: Return relative to average drawdown	—	6.13	—

Drawdowns

COPZ vs. NRGU - Drawdown Comparison

The maximum COPZ drawdown since its inception was -51.36%, smaller than the maximum NRGU drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for COPZ and NRGU.

Drawdown Indicators

	COPZ	NRGU	Difference
Max Drawdown Largest peak-to-trough decline	-51.36%	-57.50%	+6.14%
Max Drawdown (1Y) Largest decline over 1 year	—	-43.89%	—
Current Drawdown Current decline from peak	-49.26%	-24.81%	-24.45%
Average Drawdown Average peak-to-trough decline	-31.69%	-26.06%	-5.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	19.53%	—

Volatility

Volatility by Period

	COPZ	NRGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	23.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	63.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	108.90%	76.98%	+31.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	108.90%	89.07%	+19.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	108.90%	89.07%	+19.83%

COPZ vs. NRGU - Expense Ratio Comparison

Both COPZ and NRGU have an expense ratio of 0.95%.

Dividends

COPZ vs. NRGU - Dividend Comparison

Neither COPZ nor NRGU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both COPZ and NRGU in my portfolio?

COPZ and NRGU have a correlation of -0.37, 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 NRGU?

Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COPZ or NRGU?

COPZ and NRGU have the same expense ratio: 0.95% per year.

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

COPZ and NRGU have nearly identical dividend yields, around 0.00%.

What is the main difference between COPZ and NRGU?

COPZ is categorized as Copper, while NRGU is Leveraged Equities. They also come from different issuers: Defiance and BMO.