COPZDefiance Daily Target 2X Long Copper Miners ETF
Seeks daily investment results of 200% the daily percentage change in the share price of the Global X Copper Miners ETF.
Launched 2026
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#5,861 of 5,861 · expensive
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#5,861 of 5,861 · small
N/A
6 months
#5,182 of 5,861 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What it actually holds
By weightConcentration
synthetic exposure — holdings shown are derivatives collateral, not the fund's positions
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- NYSE Arca, NYSE American
Full fund details
- Objective
- Seeks daily investment results of 200% the daily percentage change in the share price of the Global X Copper Miners ETF.
- Strategy
- Actively managed ETF aiming for 200% daily exposure to the Global X Copper Miners ETF using derivatives like swaps and options. Focuses on the copper mining industry, with daily rebalancing to maintain leverage.
- Inception date
- February 18, 2026
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Your return drifts the longer you hold
Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.
Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-08-04