OEI vs. TCV

Last updated Jul 10, 2026

OEI (Optimized Equity Income ETF) and TCV (Towle Value ETF) are both exchange-traded funds - OEI is a Actively Managed fund actively managed by Optimize, while TCV is a Small Cap Value Equities fund actively managed by Towle. Both are actively managed. A 0.51 correlation means they provide meaningful diversification when combined. OEI charges 0.75%/yr vs 0.85%/yr for TCV.

Performance

OEI vs. TCV - Performance Comparison

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

Returns By Period

In the year-to-date period, OEI achieves a 5.77% return, which is significantly lower than TCV's 24.97% return.

OEI

• 1D: 0.22%
• 1M: 2.23%
• 6M: 5.07%
• YTD: 5.77%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TCV

• 1D: 0.94%
• 1M: 2.06%
• 6M: 16.12%
• YTD: 24.97%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OEI vs. TCV - Yearly Performance Comparison

	2026 (YTD)	2025
OEI Optimized Equity Income ETF	5.77%	3.68%
TCV Towle Value ETF	24.97%	-0.35%

Correlation

The correlation between OEI and TCV is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 22, 2025	0.51

Return for Risk

OEI vs. TCV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Optimized Equity Income ETF (OEI) and Towle Value ETF (TCV). 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.

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

Drawdowns

OEI vs. TCV - Drawdown Comparison

The maximum OEI drawdown since its inception was -6.49%, smaller than the maximum TCV drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for OEI and TCV.

Drawdown Indicators

	OEI	TCV	Difference
Max Drawdown Largest peak-to-trough decline	-6.49%	-12.23%	+5.74%
Current Drawdown Current decline from peak	-0.16%	-0.69%	+0.53%
Average Drawdown Average peak-to-trough decline	-1.05%	-3.35%	+2.30%

Volatility

Volatility by Period

	OEI	TCV	Difference
Volatility (1Y) Calculated over the trailing 1-year period	9.81%	21.26%	-11.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.81%	21.26%	-11.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.81%	21.26%	-11.45%

OEI vs. TCV - Expense Ratio Comparison

OEI has a 0.75% expense ratio, which is lower than TCV's 0.85% expense ratio.

Dividends

OEI vs. TCV - Dividend Comparison

OEI's dividend yield for the trailing twelve months is around 5.94%, more than TCV's 0.58% yield.

Position	TTM	2025
OEI Optimized Equity Income ETF	5.94%	1.35%
TCV Towle Value ETF	0.58%	0.31%

Frequently Asked Questions

Can I hold both OEI and TCV in my portfolio?

OEI and TCV have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OEI or TCV?

On fees, OEI is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OEI or TCV?

OEI is cheaper with a 0.75% expense ratio, compared with 0.85% for TCV.

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

OEI has the higher dividend yield at 5.94%, compared with 0.58% for TCV.

What is the main difference between OEI and TCV?

OEI is categorized as Actively Managed, while TCV is Small Cap Value Equities. They also come from different issuers: Optimize and Towle. Their fees differ too: 0.75% for OEI and 0.85% for TCV.