CCSO vs. OPTZ

Last updated Jun 24, 2026

CCSO (Carbon Collective Climate Solutions U.S. Equity ETF) and OPTZ (Optimize Strategy Index ETF) are both Mid Cap Blend Equities funds. CCSO is actively managed, while OPTZ is passively managed. Over the past year, CCSO returned 26.08% vs 61.16% for OPTZ. Their correlation of 0.81 suggests significant overlap in exposure. CCSO charges 0.35%/yr vs 0.25%/yr for OPTZ.

Performance

CCSO vs. OPTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Carbon Collective Climate Solutions U.S. Equity ETF (CCSO) and Optimize Strategy Index ETF (OPTZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CCSO achieves a 12.49% return, which is significantly lower than OPTZ's 32.54% return.

CCSO

• 1D: -2.36%
• 1M: -2.04%
• YTD: 12.49%
• 6M: 10.17%
• 1Y: 26.08%
• 3Y*: 14.50%
• 5Y*: —
• 10Y*: —

OPTZ

• 1D: -3.23%
• 1M: 7.00%
• YTD: 32.54%
• 6M: 30.49%
• 1Y: 61.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CCSO vs. OPTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CCSO Carbon Collective Climate Solutions U.S. Equity ETF	12.49%	21.79%	13.01%
OPTZ Optimize Strategy Index ETF	32.54%	22.83%	16.41%

Correlation

The correlation between CCSO and OPTZ is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (All Time) Calculated using the full available price history since Apr 23, 2024	0.81

The correlation between CCSO and OPTZ has been stable across timeframes, ranging from 0.78 to 0.81 - a consistent structural relationship.

CCSO vs. OPTZ - Sectors Allocation Comparison

Sectors	CCSO	OPTZ
Industrials	47.4%	8.2%
Basic Materials	16.3%	1.1%
Technology	11.7%	55.4%
Consumer Cyclical	9.2%	8.5%
Utilities	7.8%	0.6%
Energy	7.0%	1.3%
Financial Services	0.5%	8.0%
Consumer Defensive	0.1%	3.5%
Communication Services	-	2.6%
Healthcare	-	9.4%
Real Estate	-	1.4%

Return for Risk

CCSO vs. OPTZ — Risk / Return Rank

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

CCSO

CCSO Risk / Return Rank: 38
CCSO Sharpe Ratio Rank: 35
CCSO Sortino Ratio Rank: 33
CCSO Omega Ratio Rank: 32
CCSO Calmar Ratio Rank: 49
CCSO Martin Ratio Rank: 41

OPTZ

OPTZ Risk / Return Rank: 92
OPTZ Sharpe Ratio Rank: 93
OPTZ Sortino Ratio Rank: 91
OPTZ Omega Ratio Rank: 89
OPTZ Calmar Ratio Rank: 92
OPTZ Martin Ratio Rank: 94

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.

CCSO vs. OPTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Carbon Collective Climate Solutions U.S. Equity ETF (CCSO) 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.

	CCSO	OPTZ	Difference
Sharpe ratio: Return per unit of total volatility	1.17	3.09	-1.93
Sortino ratio: Return per unit of downside risk	1.67	3.95	-2.28
Omega ratio: Gain probability vs. loss probability	1.21	1.52	-0.31
Calmar ratio: Return relative to maximum drawdown	2.25	5.78	-3.53
Martin ratio: Return relative to average drawdown	6.30	25.39	-19.09

CCSO vs. OPTZ - Sharpe Ratio Comparison

The current CCSO Sharpe Ratio is 1.17, which is lower than the OPTZ Sharpe Ratio of 3.09. The chart below compares the historical Sharpe Ratios of CCSO and OPTZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CCSO vs. OPTZ - Drawdown Comparison

The maximum CCSO drawdown since its inception was -23.69%, smaller than the maximum OPTZ drawdown of -25.75%. Use the drawdown chart below to compare losses from any high point for CCSO and OPTZ.

Drawdown Indicators

	CCSO	OPTZ	Difference
Max Drawdown Largest peak-to-trough decline	-23.69%	-25.75%	+2.06%
Max Drawdown (1Y) Largest decline over 1 year	-11.62%	-10.63%	-0.99%
Max Drawdown (3Y) Largest decline over 3 years	-23.69%	—	—
Current Drawdown Current decline from peak	-7.75%	-3.23%	-4.52%
Average Drawdown Average peak-to-trough decline	-7.18%	-3.36%	-3.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.15%	2.42%	+1.73%

Volatility

CCSO vs. OPTZ - Volatility Comparison

The current volatility for Carbon Collective Climate Solutions U.S. Equity ETF (CCSO) is 9.06%, while Optimize Strategy Index ETF (OPTZ) has a volatility of 9.74%. This indicates that CCSO experiences smaller price fluctuations and is considered to be less risky than OPTZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CCSO	OPTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.06%	9.74%	-0.68%
Volatility (6M) Calculated over the trailing 6-month period	17.69%	16.08%	+1.61%
Volatility (1Y) Calculated over the trailing 1-year period	22.49%	19.88%	+2.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.36%	21.28%	+2.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.36%	21.28%	+2.08%

CCSO vs. OPTZ - Expense Ratio Comparison

CCSO has a 0.35% expense ratio, which is higher than OPTZ's 0.25% expense ratio.

Dividends

CCSO vs. OPTZ - Dividend Comparison

CCSO's dividend yield for the trailing twelve months is around 0.56%, more than OPTZ's 0.44% yield.

Position	TTM	2025	2024	2023	2022
CCSO Carbon Collective Climate Solutions U.S. Equity ETF	0.56%	0.63%	0.53%	0.80%	0.24%
OPTZ Optimize Strategy Index ETF	0.44%	0.58%	0.32%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CCSO and OPTZ in my portfolio?

CCSO and OPTZ have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CCSO or OPTZ?

OPTZ has higher volatility (9.74%) compared to CCSO (9.06%). In terms of maximum drawdown, CCSO dropped -23.69% vs OPTZ's -25.75%.

Which ETF is better, CCSO or OPTZ?

On 1-year performance, OPTZ leads with 61.16% vs 26.08% for CCSO. On fees, OPTZ is cheaper at 0.25% per year. On volatility, CCSO has been the lower-risk option at 9.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CCSO or OPTZ?

Over the 1-year period, OPTZ has performed better with a 61.16% return vs 26.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CCSO or OPTZ?

OPTZ is cheaper with a 0.25% expense ratio, compared with 0.35% for CCSO.

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

CCSO has the higher dividend yield at 0.56%, compared with 0.44% for OPTZ.

What is the main difference between CCSO and OPTZ?

They also come from different issuers: Carbon Collective and Optimize. Their fees differ too: 0.35% for CCSO and 0.25% for OPTZ.

Which has better risk-adjusted returns?

OPTZ currently has the higher Sharpe Ratio (3.09 vs 1.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.