COPZ vs. OILU
COPZ (Defiance Daily Target 2X Long Copper ETF) and OILU (MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN) are both exchange-traded funds - COPZ is a Copper fund actively managed by Defiance, while OILU is a Leveraged Commodities fund managed by BMO. At a correlation of -0.32, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
COPZ vs. OILU - Performance Comparison
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Returns By Period
COPZ
- 1D
- -12.01%
- 1M
- -13.49%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OILU
- 1D
- 1.46%
- 1M
- -25.16%
- YTD
- 53.67%
- 6M
- 54.81%
- 1Y
- 54.07%
- 3Y*
- 4.85%
- 5Y*
- —
- 10Y*
- —
COPZ vs. OILU - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
COPZ Defiance Daily Target 2X Long Copper ETF | -28.95% |
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | -2.61% |
Correlation
The correlation between COPZ and OILU is -0.32, 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 | -0.32 |
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Return for Risk
COPZ vs. OILU — Risk / Return Rank
COPZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
OILU
COPZ vs. OILU - 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 Oil & Gas Exploration & Production 3X Leveraged ETN (OILU). 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 | OILU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.24 | — |
| Martin ratioReturn relative to average drawdown | — | 3.58 | — |
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Drawdowns
COPZ vs. OILU - Drawdown Comparison
The maximum COPZ drawdown since its inception was -49.79%, smaller than the maximum OILU drawdown of -81.00%. Use the drawdown chart below to compare losses from any high point for COPZ and OILU.
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Drawdown Indicators
| COPZ | OILU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.79% | -81.00% | +31.21% |
Max Drawdown (1Y)Largest decline over 1 year | — | -43.74% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -69.09% | — |
Current DrawdownCurrent decline from peak | -41.30% | -58.67% | +17.37% |
Average DrawdownAverage peak-to-trough decline | -28.87% | -50.58% | +21.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 15.16% | — |
Volatility
COPZ vs. OILU - Volatility Comparison
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Volatility by Period
| COPZ | OILU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 21.87% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 50.75% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 110.79% | 63.57% | +47.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 110.79% | 81.10% | +29.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 110.79% | 81.10% | +29.69% |
COPZ vs. OILU - Expense Ratio Comparison
Both COPZ and OILU have an expense ratio of 0.95%.
Dividends
COPZ vs. OILU - Dividend Comparison
Neither COPZ nor OILU has paid dividends to shareholders.
Frequently Asked Questions
COPZ and OILU have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
COPZ and OILU have the same expense ratio: 0.95% per year.
COPZ and OILU have nearly identical dividend yields, around 0.00%.
COPZ is categorized as Copper, while OILU is Leveraged Commodities. They also come from different issuers: Defiance and BMO.
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