BRSM vs. OPTZ

Last updated Jul 8, 2026

BRSM (MFS Blended Research Small-Mid Cap ETF) and OPTZ (Optimize Strategy Index ETF) are both Mid Cap Blend Equities funds. BRSM is actively managed, while OPTZ is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. BRSM charges 0.38%/yr vs 0.25%/yr for OPTZ.

Performance

BRSM vs. OPTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Blended Research Small-Mid Cap ETF (BRSM) and Optimize Strategy Index ETF (OPTZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BRSM

• 1D: -0.82%
• 1M: 5.09%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OPTZ

• 1D: -2.48%
• 1M: 2.70%
• 6M: 23.38%
• YTD: 27.69%
• 1Y: 48.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BRSM vs. OPTZ - Yearly Performance Comparison

	2026 (YTD)
BRSM MFS Blended Research Small-Mid Cap ETF	2.65%
OPTZ Optimize Strategy Index ETF	-2.90%

Correlation

The correlation between BRSM and OPTZ is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 4, 2026	0.91

Return for Risk

BRSM vs. OPTZ — Risk / Return Rank

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

BRSM

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

OPTZ

OPTZ Risk / Return Rank: 87
OPTZ Sharpe Ratio Rank: 88
OPTZ Sortino Ratio Rank: 83
OPTZ Omega Ratio Rank: 82
OPTZ Calmar Ratio Rank: 90
OPTZ Martin Ratio Rank: 93

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.

BRSM vs. OPTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Blended Research Small-Mid Cap ETF (BRSM) and Optimize Strategy Index ETF (OPTZ). 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.

	BRSM	OPTZ	Difference
Sharpe ratio: Return per unit of total volatility	—	2.35	—
Sortino ratio: Return per unit of downside risk	—	3.05	—
Omega ratio: Gain probability vs. loss probability	—	1.40	—
Calmar ratio: Return relative to maximum drawdown	—	4.58	—
Martin ratio: Return relative to average drawdown	—	19.17	—

Drawdowns

BRSM vs. OPTZ - Drawdown Comparison

The maximum BRSM drawdown since its inception was -3.25%, smaller than the maximum OPTZ drawdown of -25.75%. Use the drawdown chart below to compare losses from any high point for BRSM and OPTZ.

Drawdown Indicators

	BRSM	OPTZ	Difference
Max Drawdown Largest peak-to-trough decline	-3.25%	-25.75%	+22.50%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.63%	—
Current Drawdown Current decline from peak	-1.52%	-7.51%	+5.99%
Average Drawdown Average peak-to-trough decline	-0.89%	-3.36%	+2.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.54%	—

Volatility

Volatility by Period

	BRSM	OPTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.62%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.46%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.99%	20.79%	-0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.99%	21.63%	-1.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.99%	21.63%	-1.64%

BRSM vs. OPTZ - Expense Ratio Comparison

BRSM has a 0.38% expense ratio, which is higher than OPTZ's 0.25% expense ratio.

Dividends

BRSM vs. OPTZ - Dividend Comparison

BRSM has not paid dividends to shareholders, while OPTZ's dividend yield for the trailing twelve months is around 0.46%.

Position	TTM	2025	2024
BRSM MFS Blended Research Small-Mid Cap ETF	0.00%	0.00%	0.00%
OPTZ Optimize Strategy Index ETF	0.46%	0.58%	0.32%

Frequently Asked Questions

Can I hold both BRSM and OPTZ in my portfolio?

With a correlation of 0.91, BRSM and OPTZ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, BRSM or OPTZ?

On fees, OPTZ is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BRSM or OPTZ?

OPTZ is cheaper with a 0.25% expense ratio, compared with 0.38% for BRSM.

Which ETF pays a higher dividend yield, BRSM or OPTZ?

OPTZ has the higher dividend yield at 0.46%, compared with 0.00% for BRSM.

What is the main difference between BRSM and OPTZ?

They also come from different issuers: MFS and Optimize. Their fees differ too: 0.38% for BRSM and 0.25% for OPTZ.