COPZ vs. SGOV

Last updated Aug 6, 2026

COPZ (Defiance Daily Target 2X Long Copper ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - COPZ is a Copper fund actively managed by Defiance, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. COPZ is actively managed, while SGOV is passively managed. Their -0.27 correlation means they have often moved in opposite directions in the past. COPZ charges 0.95%/yr vs 0.09%/yr for SGOV.

Performance

COPZ vs. SGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long Copper ETF (COPZ) and iShares 0-3 Month Treasury Bond ETF (SGOV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

COPZ

• 1D: 6.73%
• 1M: 16.04%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

SGOV

• 1D: 0.02%
• 1M: 0.32%
• 6M: 1.82%
• YTD: 2.16%
• 1Y: 3.85%
• 3Y*: 4.63%
• 5Y*: 3.67%
• 10Y*: —
• ALL TIME*: 2.96%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
COPZ Defiance Daily Target 2X Long Copper ETF	$236.74K	$260.66K	$605.24K
SGOV iShares 0-3 Month Treasury Bond ETF	$2.20B	$1.91B	$2.07B

COPZ vs. SGOV - Yearly Performance Comparison

	2026 (YTD)
COPZ Defiance Daily Target 2X Long Copper ETF	-19.42%
SGOV iShares 0-3 Month Treasury Bond ETF	1.70%

Correlation

The correlation between COPZ and SGOV is -0.27, 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	-0.27

Return for Risk

COPZ vs. SGOV — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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.

SGOV

SGOV Risk / Return Rank: 100
SGOV Sharpe Ratio Rank: 100
SGOV Sortino Ratio Rank: 100
SGOV Omega Ratio Rank: 100
SGOV Calmar Ratio Rank: 100
SGOV Martin Ratio Rank: 100

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

COPZ vs. SGOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long Copper ETF (COPZ) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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	SGOV	Difference
Sharpe ratio: Return per unit of total volatility	—	20.78	—
Sortino ratio: Return per unit of downside risk	—	380.24	—
Omega ratio: Gain probability vs. loss probability	—	380.49	—
Calmar ratio: Return relative to maximum drawdown	—	388.26	—
Martin ratio: Return relative to average drawdown	—	6,151.25	—

Drawdowns

COPZ vs. SGOV - Drawdown Comparison

The maximum COPZ drawdown since its inception was -51.59%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for COPZ and SGOV.

Drawdown Indicators

	COPZ	SGOV	Difference
Max Drawdown Largest peak-to-trough decline	-51.59%	-0.03%	-51.56%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.01%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.03%	—
Current Drawdown Current decline from peak	-33.41%	0.00%	-33.41%
Average Drawdown Average peak-to-trough decline	-33.23%	0.00%	-33.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	COPZ	SGOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.04%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	107.01%	0.19%	+106.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.01%	0.24%	+106.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.01%	0.23%	+106.78%

COPZ vs. SGOV - Expense Ratio Comparison

COPZ has a 0.95% expense ratio, which is higher than SGOV's 0.09% expense ratio.

Dividends

COPZ vs. SGOV - Dividend Comparison

COPZ has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 3.75%.

Position	TTM	2025	2024	2023	2022	2021	2020
COPZ Defiance Daily Target 2X Long Copper ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SGOV iShares 0-3 Month Treasury Bond ETF	3.75%	4.10%	5.10%	4.87%	1.45%	0.03%	0.05%

Frequently Asked Questions

Can I hold both COPZ and SGOV in my portfolio?

COPZ and SGOV have a correlation of -0.27, 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 SGOV?

On fees, SGOV is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COPZ or SGOV?

SGOV is cheaper with a 0.09% expense ratio, compared with 0.95% for COPZ.

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

SGOV has the higher dividend yield at 3.75%, compared with 0.00% for COPZ.

What is the main difference between COPZ and SGOV?

COPZ is categorized as Copper, while SGOV is Ultrashort Bond. They also come from different issuers: Defiance and iShares. Their fees differ too: 0.95% for COPZ and 0.09% for SGOV.