Defiance Daily Target 2X Long Copper ETF (COPZ) is an actively managed exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the daily percentage change in the share price of the Global X Copper Miners ETF (COPX). The fund employs derivatives including swap agreements and listed options contracts, primarily short-dated in-the-money call options, to achieve its leveraged 2X long exposure to copper mining stocks; it is designed strictly for short-term trading and magnifies the daily performance of COPX, which tracks the Solactive Global Copper Miners Index. COPZ targets active traders seeking amplified bullish exposure to the copper sector and materials industry, with heightened risks including potential full principal loss in a single day due to compounding effects over periods longer than one day.
Launched on February 18, 2026, COPZ represents Defiance ETFs' latest expansion into leveraged single-ETF products following recent introductions such as the Defiance Daily Target 2X Long ZETA ETF (ZETX) in early February 2026; this new offering builds on the firm's growth milestone of surpassing $8 billion in assets under management in January 2026, driven by demand for thematic, income, and leveraged strategies.
Defiance ETFs, founded in 2018 and headquartered in Miami, Florida, operates as a registered investment adviser and ETF issuer focused on innovative products including first-mover leveraged single-stock and single-ETF funds, quantum computing (QTUM), daily income target ETFs, and enhanced options income strategies like USOY and GLDY; the firm serves U.S. investors through nationwide exchange trading without margin requirements.