KCOP vs. ZHDG

Last updated Jun 4, 2026

KCOP (Kurv Copper & Mining Enhanced Income ETF) and ZHDG (ZEGA Buy and Hedge ETF) are both Derivative Income funds. Both are actively managed. A 0.70 correlation means they provide meaningful diversification when combined. KCOP charges 0.99%/yr vs 0.98%/yr for ZHDG.

Performance

KCOP vs. ZHDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Copper & Mining Enhanced Income ETF (KCOP) and ZEGA Buy and Hedge ETF (ZHDG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KCOP

• 1D: -3.46%
• 1M: 14.96%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZHDG

• 1D: -0.60%
• 1M: 4.65%
• YTD: 5.12%
• 6M: 5.49%
• 1Y: 18.31%
• 3Y*: 14.68%
• 5Y*: —
• 10Y*: —

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

KCOP vs. ZHDG - Yearly Performance Comparison

	2026 (YTD)
KCOP Kurv Copper & Mining Enhanced Income ETF	4.75%
ZHDG ZEGA Buy and Hedge ETF	6.65%

Correlation

The correlation between KCOP and ZHDG is 0.70, 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 17, 2026	0.70

Return for Risk

KCOP vs. ZHDG — Risk / Return Rank

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

ZHDG

ZHDG Risk / Return Rank: 51
ZHDG Sharpe Ratio Rank: 53
ZHDG Sortino Ratio Rank: 52
ZHDG Omega Ratio Rank: 51
ZHDG Calmar Ratio Rank: 44
ZHDG Martin Ratio Rank: 53

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.

KCOP vs. ZHDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Copper & Mining Enhanced Income ETF (KCOP) and ZEGA Buy and Hedge ETF (ZHDG). 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

	KCOP	ZHDG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.51	-0.11

Drawdowns

KCOP vs. ZHDG - Drawdown Comparison

The maximum KCOP drawdown since its inception was -21.55%, smaller than the maximum ZHDG drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for KCOP and ZHDG.

Drawdown Indicators

	KCOP	ZHDG	Difference
Max Drawdown Largest peak-to-trough decline	-21.55%	-23.27%	+1.72%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.56%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.63%	—
Current Drawdown Current decline from peak	-3.46%	-0.60%	-2.86%
Average Drawdown Average peak-to-trough decline	-8.60%	-8.16%	-0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.05%	—

Volatility

Volatility by Period

	KCOP	ZHDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.80%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.06%	—
Volatility (1Y) Calculated over the trailing 1-year period	42.13%	10.27%	+31.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.13%	11.75%	+30.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.13%	11.75%	+30.38%

KCOP vs. ZHDG - Expense Ratio Comparison

KCOP has a 0.99% expense ratio, which is higher than ZHDG's 0.98% expense ratio.

Dividends

KCOP vs. ZHDG - Dividend Comparison

KCOP's dividend yield for the trailing twelve months is around 3.54%, more than ZHDG's 2.44% yield.

Position	TTM	2025	2024	2023	2022	2021
KCOP Kurv Copper & Mining Enhanced Income ETF	3.54%	0.00%	0.00%	0.00%	0.00%	0.00%
ZHDG ZEGA Buy and Hedge ETF	2.44%	2.57%	2.59%	1.52%	3.58%	1.33%

Frequently Asked Questions

Can I hold both KCOP and ZHDG in my portfolio?

KCOP and ZHDG have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KCOP or ZHDG?

On fees, ZHDG is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KCOP or ZHDG?

ZHDG is cheaper with a 0.98% expense ratio, compared with 0.99% for KCOP.

Which ETF pays a higher dividend yield, KCOP or ZHDG?

KCOP has the higher dividend yield at 3.54%, compared with 2.44% for ZHDG.

What is the main difference between KCOP and ZHDG?

They also come from different issuers: Kurv and ZEGA. Their fees differ too: 0.99% for KCOP and 0.98% for ZHDG.