COPZ vs. WDTE

Last updated Jun 4, 2026

COPZ (Defiance Daily Target 2X Long Copper ETF) and WDTE (Defiance S&P 500 Enhanced Options & 0DTE Income ETF) are both exchange-traded funds - COPZ is a Leveraged Commodities fund actively managed by Defiance, while WDTE is a Derivative Income fund actively managed by Defiance. Both are actively managed. A 0.71 correlation means they provide meaningful diversification when combined. COPZ charges 0.95%/yr vs 1.01%/yr for WDTE.

Performance

COPZ vs. WDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long Copper ETF (COPZ) and Defiance S&P 500 Enhanced Options & 0DTE Income ETF (WDTE). 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*: —

WDTE

• 1D: -0.53%
• 1M: 4.43%
• YTD: 10.59%
• 6M: 11.04%
• 1Y: 24.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COPZ vs. WDTE - Yearly Performance Comparison

	2026 (YTD)
COPZ Defiance Daily Target 2X Long Copper ETF	-5.37%
WDTE Defiance S&P 500 Enhanced Options & 0DTE Income ETF	9.75%

Correlation

The correlation between COPZ and WDTE is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 19, 2026	0.71

Return for Risk

COPZ vs. WDTE — Risk / Return Rank

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

WDTE

WDTE Risk / Return Rank: 71
WDTE Sharpe Ratio Rank: 71
WDTE Sortino Ratio Rank: 65
WDTE Omega Ratio Rank: 76
WDTE Calmar Ratio Rank: 63
WDTE Martin Ratio Rank: 79

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. WDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long Copper ETF (COPZ) and Defiance S&P 500 Enhanced Options & 0DTE Income ETF (WDTE). 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	WDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.17	1.33	-1.50

Drawdowns

COPZ vs. WDTE - Drawdown Comparison

The maximum COPZ drawdown since its inception was -49.79%, which is greater than WDTE's maximum drawdown of -15.85%. Use the drawdown chart below to compare losses from any high point for COPZ and WDTE.

Drawdown Indicators

	COPZ	WDTE	Difference
Max Drawdown Largest peak-to-trough decline	-49.79%	-15.85%	-33.94%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.65%	—
Current Drawdown Current decline from peak	-21.65%	-0.53%	-21.12%
Average Drawdown Average peak-to-trough decline	-28.52%	-1.82%	-26.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.55%	—

Volatility

Volatility by Period

	COPZ	WDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.37%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.50%	—
Volatility (1Y) Calculated over the trailing 1-year period	104.89%	10.28%	+94.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	104.89%	11.34%	+93.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	104.89%	11.34%	+93.55%

COPZ vs. WDTE - Expense Ratio Comparison

COPZ has a 0.95% expense ratio, which is lower than WDTE's 1.01% expense ratio.

Dividends

COPZ vs. WDTE - Dividend Comparison

COPZ has not paid dividends to shareholders, while WDTE's dividend yield for the trailing twelve months is around 31.86%.

Position	TTM	2025	2024	2023
COPZ Defiance Daily Target 2X Long Copper ETF	0.00%	0.00%	0.00%	0.00%
WDTE Defiance S&P 500 Enhanced Options & 0DTE Income ETF	31.86%	35.78%	51.80%	16.41%

Frequently Asked Questions

Can I hold both COPZ and WDTE in my portfolio?

COPZ and WDTE have a correlation of 0.71, 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 WDTE?

On fees, COPZ is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COPZ or WDTE?

COPZ is cheaper with a 0.95% expense ratio, compared with 1.01% for WDTE.

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

WDTE has the higher dividend yield at 31.86%, compared with 0.00% for COPZ.

What is the main difference between COPZ and WDTE?

COPZ is categorized as Leveraged Commodities, while WDTE is Derivative Income. Their fees differ too: 0.95% for COPZ and 1.01% for WDTE.