SHNY vs. COPZ

Last updated Jun 5, 2026

SHNY (MicroSectors Gold 3X Leveraged ETN) and COPZ (Defiance Daily Target 2X Long Copper ETF) are both Leveraged Commodities funds. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.

Performance

SHNY vs. COPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Gold 3X Leveraged ETN (SHNY) and Defiance Daily Target 2X Long Copper ETF (COPZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SHNY

• 1D: 2.59%
• 1M: -7.28%
• YTD: -12.24%
• 6M: -8.19%
• 1Y: 50.54%
• 3Y*: 60.05%
• 5Y*: —
• 10Y*: —

COPZ

• 1D: -0.40%
• 1M: 27.45%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SHNY vs. COPZ - Yearly Performance Comparison

	2026 (YTD)
SHNY MicroSectors Gold 3X Leveraged ETN	-35.97%
COPZ Defiance Daily Target 2X Long Copper ETF	-5.75%

Correlation

The correlation between SHNY and COPZ is 0.61, 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	0.61

Return for Risk

SHNY vs. COPZ — Risk / Return Rank

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

SHNY

SHNY Risk / Return Rank: 23
SHNY Sharpe Ratio Rank: 20
SHNY Sortino Ratio Rank: 24
SHNY Omega Ratio Rank: 28
SHNY Calmar Ratio Rank: 22
SHNY Martin Ratio Rank: 19

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.

SHNY vs. COPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Gold 3X Leveraged ETN (SHNY) 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.

	SHNY	COPZ	Difference
Sharpe ratio: Return per unit of total volatility	0.64	—	—
Sortino ratio: Return per unit of downside risk	1.25	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	0.92	—	—
Martin ratio: Return relative to average drawdown	1.96	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SHNY	COPZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.03	-0.18	+1.21

Drawdowns

SHNY vs. COPZ - Drawdown Comparison

The maximum SHNY drawdown since its inception was -54.99%, which is greater than COPZ's maximum drawdown of -49.79%. Use the drawdown chart below to compare losses from any high point for SHNY and COPZ.

Drawdown Indicators

	SHNY	COPZ	Difference
Max Drawdown Largest peak-to-trough decline	-54.99%	-49.79%	-5.20%
Max Drawdown (1Y) Largest decline over 1 year	-54.99%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-54.99%	—	—
Current Drawdown Current decline from peak	-53.82%	-21.97%	-31.85%
Average Drawdown Average peak-to-trough decline	-14.99%	-28.44%	+13.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.89%	—	—

Volatility

Volatility by Period

	SHNY	COPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.42%	—	—
Volatility (6M) Calculated over the trailing 6-month period	70.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	78.78%	104.17%	-25.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.33%	104.17%	-45.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.33%	104.17%	-45.84%

SHNY vs. COPZ - Expense Ratio Comparison

Both SHNY and COPZ have an expense ratio of 0.95%.

Dividends

SHNY vs. COPZ - Dividend Comparison

Neither SHNY nor COPZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SHNY and COPZ in my portfolio?

SHNY and COPZ have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SHNY or COPZ?

Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SHNY or COPZ?

SHNY and COPZ have the same expense ratio: 0.95% per year.

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

SHNY and COPZ have nearly identical dividend yields, around 0.00%.

What is the main difference between SHNY and COPZ?

They also come from different issuers: BMO and Defiance.