COPZ vs. OILU

Last updated Jun 4, 2026

COPZ (Defiance Daily Target 2X Long Copper ETF) and OILU (MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN) are both Leveraged Commodities funds. At a correlation of -0.39, they often move in opposite directions. Both charge a 0.95% expense ratio.

Performance

COPZ vs. OILU - 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 Oil & Gas Exploration & Production 3X Leveraged ETN (OILU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

COPZ

• 1D: -6.96%
• 1M: 32.69%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OILU

• 1D: 3.64%
• 1M: -10.84%
• YTD: 96.53%
• 6M: 77.49%
• 1Y: 115.83%
• 3Y*: 10.60%
• 5Y*: —
• 10Y*: —

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

COPZ vs. OILU - Yearly Performance Comparison

	2026 (YTD)
COPZ Defiance Daily Target 2X Long Copper ETF	-5.37%
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN	17.96%

Correlation

The correlation between COPZ and OILU is -0.39, 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 19, 2026	-0.39

Return for Risk

COPZ vs. OILU — Risk / Return Rank

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

OILU

OILU Risk / Return Rank: 52
OILU Sharpe Ratio Rank: 54
OILU Sortino Ratio Rank: 45
OILU Omega Ratio Rank: 42
OILU Calmar Ratio Rank: 69
OILU Martin Ratio Rank: 51

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. 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.

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

Sharpe Ratios by Period

	COPZ	OILU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.17	0.17	-0.34

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.

Drawdown Indicators

	COPZ	OILU	Difference
Max Drawdown Largest peak-to-trough decline	-49.79%	-81.00%	+31.21%
Max Drawdown (1Y) Largest decline over 1 year	—	-33.51%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-69.09%	—
Current Drawdown Current decline from peak	-21.65%	-47.14%	+25.49%
Average Drawdown Average peak-to-trough decline	-28.52%	-50.59%	+22.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.32%	—

Volatility

Volatility by Period

	COPZ	OILU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	25.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	49.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	104.89%	62.23%	+42.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	104.89%	81.16%	+23.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	104.89%	81.16%	+23.73%

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.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both COPZ and OILU in my portfolio?

COPZ and OILU have a correlation of -0.39, 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 OILU?

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 OILU?

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

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

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

What is the main difference between COPZ and OILU?

They also come from different issuers: Defiance and BMO.