GLDW vs. COPZ

Last updated Apr 1, 2026

Compare and contrast key facts about Roundhill Gold WeeklyPay ETF (GLDW) and Defiance Daily Target 2X Long Copper ETF (COPZ).

GLDW and COPZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLDW is an actively managed fund by State Street. It was launched on Oct 30, 2025. COPZ is an actively managed fund by Defiance. It was launched on Feb 17, 2026.

Performance

GLDW vs. COPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Gold WeeklyPay ETF (GLDW) and Defiance Daily Target 2X Long Copper ETF (COPZ). The values are adjusted to include any dividend payments, if applicable.

GLDW vs. COPZ - Yearly Performance Comparison

	2026 (YTD)
GLDW Roundhill Gold WeeklyPay ETF	-8.13%
COPZ Defiance Daily Target 2X Long Copper ETF	-27.38%

Returns By Period

GLDW

• 1D: 4.69%
• 1M: -13.64%
• YTD: 8.62%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

COPZ

• 1D: 15.41%
• 1M: -39.87%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLDW vs. COPZ - Expense Ratio Comparison

GLDW has a 0.99% expense ratio, which is higher than COPZ's 0.95% expense ratio.

GLDW

Roundhill Gold WeeklyPay ETF

COPZ

Defiance Daily Target 2X Long Copper ETF

Return for Risk

GLDW vs. COPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold WeeklyPay ETF (GLDW) and Defiance Daily Target 2X Long Copper ETF (COPZ). 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

	GLDW	COPZ	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	-0.79	+1.93

Correlation

The correlation between GLDW and COPZ is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GLDW vs. COPZ - Dividend Comparison

GLDW's dividend yield for the trailing twelve months is around 12.11%, while COPZ has not paid dividends to shareholders.

	TTM	2025
GLDW Roundhill Gold WeeklyPay ETF	12.11%	3.75%
COPZ Defiance Daily Target 2X Long Copper ETF	0.00%	0.00%

Drawdowns

GLDW vs. COPZ - Drawdown Comparison

The maximum GLDW drawdown since its inception was -23.59%, smaller than the maximum COPZ drawdown of -49.79%. Use the drawdown chart below to compare losses from any high point for GLDW and COPZ.

Drawdown Indicators

	GLDW	COPZ	Difference
Max Drawdown Largest peak-to-trough decline	-23.59%	-49.79%	+26.20%
Current Drawdown Current decline from peak	-16.66%	-39.87%	+23.21%
Average Drawdown Average peak-to-trough decline	-5.11%	-26.41%	+21.30%

Volatility

Volatility by Period

	GLDW	COPZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	41.26%	120.30%	-79.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.26%	120.30%	-79.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.26%	120.30%	-79.04%