BDBT vs. OEI

Last updated Jul 15, 2026

BDBT (Bluemonte Core Bond ETF) and OEI (Optimized Equity Income ETF) are both exchange-traded funds - BDBT is a Intermediate Core Bond fund managed by Bluemonte, while OEI is a Actively Managed fund actively managed by Optimize. At a 0.33 correlation, their price movements are largely independent. BDBT charges 0.23%/yr vs 0.75%/yr for OEI.

Performance

BDBT vs. OEI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bluemonte Core Bond ETF (BDBT) and Optimized Equity Income ETF (OEI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BDBT achieves a -0.10% return, which is significantly lower than OEI's 5.54% return.

BDBT

• 1D: 0.24%
• 1M: -0.47%
• 6M: -0.38%
• YTD: -0.10%
• 1Y: 3.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

OEI

• 1D: 0.31%
• 1M: 1.58%
• 6M: 4.37%
• YTD: 5.54%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BDBT vs. OEI - Yearly Performance Comparison

	2026 (YTD)	2025
BDBT Bluemonte Core Bond ETF	-0.10%	-0.30%
OEI Optimized Equity Income ETF	5.54%	3.68%

Correlation

The correlation between BDBT and OEI is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 22, 2025	0.33

Return for Risk

BDBT vs. OEI — Risk / Return Rank

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

BDBT

BDBT Risk / Return Rank: 30
BDBT Sharpe Ratio Rank: 32
BDBT Sortino Ratio Rank: 31
BDBT Omega Ratio Rank: 28
BDBT Calmar Ratio Rank: 31
BDBT Martin Ratio Rank: 30

OEI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

BDBT vs. OEI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bluemonte Core Bond ETF (BDBT) and Optimized Equity Income ETF (OEI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BDBT	OEI	Difference
Sharpe ratio: Return per unit of total volatility	0.95	—	—
Sortino ratio: Return per unit of downside risk	1.40	—	—
Omega ratio: Gain probability vs. loss probability	1.16	—	—
Calmar ratio: Return relative to maximum drawdown	1.27	—	—
Martin ratio: Return relative to average drawdown	3.44	—	—

Drawdowns

BDBT vs. OEI - Drawdown Comparison

The maximum BDBT drawdown since its inception was -2.88%, smaller than the maximum OEI drawdown of -6.49%. Use the drawdown chart below to compare losses from any high point for BDBT and OEI.

Drawdown Indicators

	BDBT	OEI	Difference
Max Drawdown Largest peak-to-trough decline	-2.88%	-6.49%	+3.61%
Max Drawdown (1Y) Largest decline over 1 year	-2.88%	—	—
Current Drawdown Current decline from peak	-1.90%	-0.38%	-1.52%
Average Drawdown Average peak-to-trough decline	-0.78%	-1.04%	+0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	—	—

Volatility

Volatility by Period

	BDBT	OEI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.16%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.86%	9.75%	-5.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.87%	9.75%	-5.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.87%	9.75%	-5.88%

BDBT vs. OEI - Expense Ratio Comparison

BDBT has a 0.23% expense ratio, which is lower than OEI's 0.75% expense ratio.

Dividends

BDBT vs. OEI - Dividend Comparison

BDBT's dividend yield for the trailing twelve months is around 3.88%, less than OEI's 5.95% yield.

Position	TTM	2025
BDBT Bluemonte Core Bond ETF	3.88%	2.21%
OEI Optimized Equity Income ETF	5.95%	1.35%

Frequently Asked Questions

Can I hold both BDBT and OEI in my portfolio?

BDBT and OEI have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BDBT or OEI?

On fees, BDBT is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BDBT or OEI?

BDBT is cheaper with a 0.23% expense ratio, compared with 0.75% for OEI.

Which ETF pays a higher dividend yield, BDBT or OEI?

OEI has the higher dividend yield at 5.95%, compared with 3.88% for BDBT.

What is the main difference between BDBT and OEI?

BDBT is categorized as Intermediate Core Bond, while OEI is Actively Managed. They also come from different issuers: Bluemonte and Optimize. Their fees differ too: 0.23% for BDBT and 0.75% for OEI.