- What does COPZ invest in?
- COPZ uses swap agreements and short-dated listed call options to make bullish bets on the share price of the Global X Copper Miners ETF (COPX). COPX consists primarily of firms involved in copper mining. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in COPXs price through daily rebalancing. Returns may deviate from the expected 2x if held for longer than a single day due to factors such as volatility, compounding, or rebalancing effects. COPZ may also hold US government securities, money market funds, short-term bond ETFs, and investment-grade corporate debt as collateral for its derivatives positions. Prior to March 23, 2026, the fund traded under the name Defiance Daily Target 2x Long Copper ETF.
- What is the expense ratio of COPZ?
- Defiance Daily Target 2X Long Copper Miners ETF (COPZ) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.
- What is the duration of COPZ?
- Effective duration measures COPZ's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. COPZ's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of COPZ?
- COPZ's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of COPZ?
- Yield to maturity (YTM) is the total return you'd earn from COPZ if every bond in the portfolio is held to maturity at the current price. COPZ's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
- Is COPZ a good long-term hold?
- COPZ is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.
