MIDE vs. OPTZ

Last updated Jun 4, 2026

MIDE (Xtrackers S&P MidCap 400 ESG ETF) and OPTZ (Optimize Strategy Index ETF) are both Mid Cap Blend Equities funds - MIDE tracks the S&P MidCap 400 ESG Index while OPTZ tracks the Optimize Strategy Index. Both are passively managed. Over the past year, MIDE returned 28.35% vs 61.30% for OPTZ. Their correlation of 0.88 suggests significant overlap in exposure. MIDE charges 0.15%/yr vs 0.25%/yr for OPTZ.

Performance

MIDE vs. OPTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers S&P MidCap 400 ESG ETF (MIDE) 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, MIDE achieves a 14.45% return, which is significantly lower than OPTZ's 31.51% return.

MIDE

• 1D: -0.04%
• 1M: 5.36%
• YTD: 14.45%
• 6M: 14.97%
• 1Y: 28.35%
• 3Y*: 16.42%
• 5Y*: 8.31%
• 10Y*: —

OPTZ

• 1D: 0.36%
• 1M: 12.33%
• YTD: 31.51%
• 6M: 32.28%
• 1Y: 61.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MIDE vs. OPTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MIDE Xtrackers S&P MidCap 400 ESG ETF	14.45%	9.81%	8.75%
OPTZ Optimize Strategy Index ETF	31.51%	22.83%	16.81%

Correlation

The correlation between MIDE and OPTZ is 0.85, 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	0.85
Correlation (All Time) Calculated using the full available price history since Apr 24, 2024	0.88

The correlation between MIDE and OPTZ has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.

MIDE vs. OPTZ - Sectors Allocation Comparison

Sectors	MIDE	OPTZ
Industrials	23.3%	8.9%
Financial Services	16.8%	9.1%
Technology	13.9%	50.6%
Consumer Cyclical	12.1%	9.5%
Healthcare	9.9%	10.5%
Real Estate	8.8%	1.5%
Energy	5.7%	1.5%
Basic Materials	3.7%	1.3%
Consumer Defensive	3.2%	4.0%
Utilities	1.7%	0.7%
Communication Services	0.9%	2.6%

Return for Risk

MIDE vs. OPTZ — Risk / Return Rank

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

MIDE

MIDE Risk / Return Rank: 56
MIDE Sharpe Ratio Rank: 52
MIDE Sortino Ratio Rank: 54
MIDE Omega Ratio Rank: 51
MIDE Calmar Ratio Rank: 61
MIDE Martin Ratio Rank: 61

OPTZ

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

MIDE vs. OPTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P MidCap 400 ESG ETF (MIDE) 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.

	MIDE	OPTZ	Difference
Sharpe ratio: Return per unit of total volatility	1.80	3.41	-1.61
Sortino ratio: Return per unit of downside risk	2.60	4.49	-1.89
Omega ratio: Gain probability vs. loss probability	1.32	1.57	-0.25
Calmar ratio: Return relative to maximum drawdown	3.04	5.80	-2.75
Martin ratio: Return relative to average drawdown	10.84	26.36	-15.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MIDE vs. OPTZ - Sharpe Ratio Comparison

The current MIDE Sharpe Ratio is 1.80, which is lower than the OPTZ Sharpe Ratio of 3.41. The chart below compares the historical Sharpe Ratios of MIDE 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.

Sharpe Ratios by Period

	MIDE	OPTZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.80	3.41	-1.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	1.71	-1.24

Drawdowns

MIDE vs. OPTZ - Drawdown Comparison

The maximum MIDE drawdown since its inception was -24.59%, roughly equal to the maximum OPTZ drawdown of -25.75%. Use the drawdown chart below to compare losses from any high point for MIDE and OPTZ.

Drawdown Indicators

	MIDE	OPTZ	Difference
Max Drawdown Largest peak-to-trough decline	-24.59%	-25.75%	+1.16%
Max Drawdown (1Y) Largest decline over 1 year	-9.36%	-10.63%	+1.27%
Max Drawdown (3Y) Largest decline over 3 years	-24.59%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.59%	—	—
Current Drawdown Current decline from peak	-0.04%	0.00%	-0.04%
Average Drawdown Average peak-to-trough decline	-6.50%	-3.39%	-3.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	2.33%	+0.29%

Volatility

MIDE vs. OPTZ - Volatility Comparison

The current volatility for Xtrackers S&P MidCap 400 ESG ETF (MIDE) is 4.59%, while Optimize Strategy Index ETF (OPTZ) has a volatility of 6.09%. This indicates that MIDE 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

	MIDE	OPTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.59%	6.09%	-1.50%
Volatility (6M) Calculated over the trailing 6-month period	11.41%	13.52%	-2.11%
Volatility (1Y) Calculated over the trailing 1-year period	15.86%	18.09%	-2.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.71%	20.66%	-0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.67%	20.66%	-0.99%

MIDE vs. OPTZ - Expense Ratio Comparison

MIDE has a 0.15% expense ratio, which is lower than OPTZ's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

MIDE vs. OPTZ - Dividend Comparison

MIDE's dividend yield for the trailing twelve months is around 1.31%, more than OPTZ's 0.44% yield.

Position	TTM	2025	2024	2023	2022	2021
MIDE Xtrackers S&P MidCap 400 ESG ETF	1.31%	1.52%	1.45%	1.36%	1.33%	0.93%
OPTZ Optimize Strategy Index ETF	0.44%	0.58%	0.32%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MIDE and OPTZ in my portfolio?

MIDE and OPTZ have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MIDE or OPTZ?

OPTZ has higher volatility (6.09%) compared to MIDE (4.59%). In terms of maximum drawdown, MIDE dropped -24.59% vs OPTZ's -25.75%.

Which ETF is better, MIDE or OPTZ?

On 1-year performance, OPTZ leads with 61.30% vs 28.35% for MIDE. On fees, MIDE is cheaper at 0.15% per year. On volatility, MIDE has been the lower-risk option at 4.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MIDE or OPTZ?

Over the 1-year period, OPTZ has performed better with a 61.30% return vs 28.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MIDE or OPTZ?

MIDE is cheaper with a 0.15% expense ratio, compared with 0.25% for OPTZ.

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

MIDE has the higher dividend yield at 1.31%, compared with 0.44% for OPTZ.

What is the main difference between MIDE and OPTZ?

MIDE tracks S&P MidCap 400 ESG Index, while OPTZ tracks Optimize Strategy Index. They also come from different issuers: Deutsche Bank and Optimize. Their fees differ too: 0.15% for MIDE and 0.25% for OPTZ.

Which has better risk-adjusted returns?

OPTZ currently has the higher Sharpe Ratio (3.41 vs 1.80), 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.