CTEF vs. OPTZ

Last updated Jun 24, 2026

CTEF (Castellan Targeted Equity ETF) and OPTZ (Optimize Strategy Index ETF) are both Mid Cap Blend Equities funds. CTEF is actively managed, while OPTZ is passively managed. Over the past year, CTEF returned 81.04% vs 61.16% for OPTZ. Their correlation of 0.81 suggests significant overlap in exposure. CTEF charges 0.45%/yr vs 0.25%/yr for OPTZ.

Performance

CTEF vs. OPTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Castellan Targeted Equity ETF (CTEF) 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, CTEF achieves a 36.91% return, which is significantly higher than OPTZ's 32.54% return.

CTEF

• 1D: -2.45%
• 1M: 13.53%
• YTD: 36.91%
• 6M: 33.85%
• 1Y: 81.04%
• 3Y*: —
• 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)

CTEF vs. OPTZ - Yearly Performance Comparison

	2026 (YTD)	2025
CTEF Castellan Targeted Equity ETF	36.91%	33.10%
OPTZ Optimize Strategy Index ETF	32.54%	22.91%

Correlation

The correlation between CTEF and OPTZ is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.81

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

Return for Risk

CTEF vs. OPTZ — Risk / Return Rank

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

CTEF

CTEF Risk / Return Rank: 93
CTEF Sharpe Ratio Rank: 96
CTEF Sortino Ratio Rank: 94
CTEF Omega Ratio Rank: 92
CTEF Calmar Ratio Rank: 91
CTEF Martin Ratio Rank: 94

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.

CTEF vs. OPTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Castellan Targeted Equity ETF (CTEF) 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.

	CTEF	OPTZ	Difference
Sharpe ratio: Return per unit of total volatility	3.60	3.09	+0.51
Sortino ratio: Return per unit of downside risk	4.48	3.95	+0.53
Omega ratio: Gain probability vs. loss probability	1.57	1.52	+0.05
Calmar ratio: Return relative to maximum drawdown	5.43	5.78	-0.35
Martin ratio: Return relative to average drawdown	25.12	25.39	-0.26

CTEF vs. OPTZ - Sharpe Ratio Comparison

The current CTEF Sharpe Ratio is 3.60, which is comparable to the OPTZ Sharpe Ratio of 3.09. The chart below compares the historical Sharpe Ratios of CTEF 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

CTEF vs. OPTZ - Drawdown Comparison

The maximum CTEF drawdown since its inception was -15.00%, smaller than the maximum OPTZ drawdown of -25.75%. Use the drawdown chart below to compare losses from any high point for CTEF and OPTZ.

Drawdown Indicators

	CTEF	OPTZ	Difference
Max Drawdown Largest peak-to-trough decline	-15.00%	-25.75%	+10.75%
Max Drawdown (1Y) Largest decline over 1 year	-15.00%	-10.63%	-4.37%
Current Drawdown Current decline from peak	-2.45%	-3.23%	+0.78%
Average Drawdown Average peak-to-trough decline	-1.75%	-3.36%	+1.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	2.42%	+0.82%

Volatility

CTEF vs. OPTZ - Volatility Comparison

The current volatility for Castellan Targeted Equity ETF (CTEF) is 9.15%, while Optimize Strategy Index ETF (OPTZ) has a volatility of 9.74%. This indicates that CTEF 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

	CTEF	OPTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.15%	9.74%	-0.59%
Volatility (6M) Calculated over the trailing 6-month period	19.03%	16.08%	+2.95%
Volatility (1Y) Calculated over the trailing 1-year period	22.64%	19.88%	+2.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.56%	21.28%	+1.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.56%	21.28%	+1.28%

CTEF vs. OPTZ - Expense Ratio Comparison

CTEF has a 0.45% expense ratio, which is higher than OPTZ's 0.25% expense ratio.

Dividends

CTEF vs. OPTZ - Dividend Comparison

CTEF's dividend yield for the trailing twelve months is around 0.06%, less than OPTZ's 0.44% yield.

Position	TTM	2025	2024
CTEF Castellan Targeted Equity ETF	0.06%	0.08%	0.00%
OPTZ Optimize Strategy Index ETF	0.44%	0.58%	0.32%

Frequently Asked Questions

Can I hold both CTEF and OPTZ in my portfolio?

CTEF and OPTZ have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CTEF or OPTZ?

OPTZ has higher volatility (9.74%) compared to CTEF (9.15%). In terms of maximum drawdown, CTEF dropped -15.00% vs OPTZ's -25.75%.

Which ETF is better, CTEF or OPTZ?

On 1-year performance, CTEF leads with 81.04% vs 61.16% for OPTZ. On fees, OPTZ is cheaper at 0.25% per year. On volatility, CTEF has been the lower-risk option at 9.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CTEF or OPTZ?

Over the 1-year period, CTEF has performed better with a 81.04% return vs 61.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CTEF or OPTZ?

OPTZ is cheaper with a 0.25% expense ratio, compared with 0.45% for CTEF.

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

OPTZ has the higher dividend yield at 0.44%, compared with 0.06% for CTEF.

What is the main difference between CTEF and OPTZ?

They also come from different issuers: Castellan and Optimize. Their fees differ too: 0.45% for CTEF and 0.25% for OPTZ.

Which has better risk-adjusted returns?

CTEF currently has the higher Sharpe Ratio (3.60 vs 3.09), 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.