COPZ vs. UCO
COPZ (Defiance Daily Target 2X Long Copper ETF) and UCO (ProShares Ultra Bloomberg Crude Oil) are both exchange-traded funds - COPZ is a Copper fund actively managed by Defiance, while UCO is a Oil & Gas fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index (200%). COPZ is actively managed, while UCO is passively managed. Their -0.37 correlation means they have often moved in opposite directions in the past. Both charge a 0.95% expense ratio.
Performance
COPZ vs. UCO - Performance Comparison
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Returns By Period
COPZ
- 1D
- -1.83%
- 1M
- 4.49%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
UCO
- 1D
- 1.00%
- 1M
- 24.87%
- 6M
- 67.72%
- YTD
- 109.21%
- 1Y
- 66.00%
- 3Y*
- 9.81%
- 5Y*
- 15.14%
- 10Y*
- 26.28%
- ALL TIME*
- -9.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $216.59K | $238.58K | $612.59K | |
| $134.26M | $138.13M | $153.19M |
COPZ vs. UCO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
COPZ Defiance Daily Target 2X Long Copper ETF | -33.13% |
UCO ProShares Ultra Bloomberg Crude Oil | 81.34% |
Correlation
The correlation between COPZ and UCO is -0.37, 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 | -0.37 |
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Return for Risk
COPZ vs. UCO — Risk / Return Rank
COPZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
UCO
COPZ vs. UCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long Copper ETF (COPZ) and ProShares Ultra Bloomberg Crude Oil (UCO). 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 | UCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.19 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.46 | — |
| Martin ratioReturn relative to average drawdown | — | 3.75 | — |
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Drawdowns
COPZ vs. UCO - Drawdown Comparison
The maximum COPZ drawdown since its inception was -51.59%, smaller than the maximum UCO drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for COPZ and UCO.
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Drawdown Indicators
| COPZ | UCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.59% | -99.86% | +48.27% |
Max Drawdown (1Y)Largest decline over 1 year | — | -38.55% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -50.38% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -67.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -96.50% | — |
Current DrawdownCurrent decline from peak | -44.74% | -83.77% | +39.03% |
Average DrawdownAverage peak-to-trough decline | -33.10% | -82.13% | +49.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 17.30% | — |
Volatility
COPZ vs. UCO - Volatility Comparison
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Volatility by Period
| COPZ | UCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 22.33% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 51.79% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 106.63% | 60.01% | +46.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.63% | 60.46% | +46.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 106.63% | 317.65% | -211.02% |
COPZ vs. UCO - Expense Ratio Comparison
Both COPZ and UCO have an expense ratio of 0.95%.
Dividends
COPZ vs. UCO - Dividend Comparison
Neither COPZ nor UCO has paid dividends to shareholders.
Frequently Asked Questions
COPZ and UCO 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.
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 UCO have the same expense ratio: 0.95% per year.
COPZ and UCO have nearly identical dividend yields, around 0.00%.
COPZ is categorized as Copper, while UCO is Oil & Gas. They also come from different issuers: Defiance and ProShares.
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