OPTZ vs. CTEF

Last updated Jun 5, 2026

OPTZ (Optimize Strategy Index ETF) and CTEF (Castellan Targeted Equity ETF) are both Mid Cap Blend Equities funds. OPTZ is passively managed, while CTEF is actively managed. A 0.79 correlation means they provide meaningful diversification when combined. OPTZ charges 0.25%/yr vs 0.45%/yr for CTEF.

Performance

OPTZ vs. CTEF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Optimize Strategy Index ETF (OPTZ) and Castellan Targeted Equity ETF (CTEF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with OPTZ having a 31.19% return and CTEF slightly lower at 29.80%.

OPTZ

• 1D: -0.24%
• 1M: 10.07%
• YTD: 31.19%
• 6M: 31.66%
• 1Y: 61.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CTEF

• 1D: 0.35%
• 1M: 8.48%
• YTD: 29.80%
• 6M: 30.96%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OPTZ vs. CTEF - Yearly Performance Comparison

	2026 (YTD)	2025
OPTZ Optimize Strategy Index ETF	31.19%	22.47%
CTEF Castellan Targeted Equity ETF	29.80%	33.22%

Correlation

The correlation between OPTZ and CTEF is 0.79, 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 Jun 20, 2025	0.79

Return for Risk

OPTZ vs. CTEF — Risk / Return Rank

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

OPTZ

OPTZ Risk / Return Rank: 92
OPTZ Sharpe Ratio Rank: 93
OPTZ Sortino Ratio Rank: 92
OPTZ Omega Ratio Rank: 90
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.

OPTZ vs. CTEF - Risk-Adjusted Trends Comparison

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

	OPTZ	CTEF	Difference
Sharpe ratio: Return per unit of total volatility	3.40	—	—
Sortino ratio: Return per unit of downside risk	4.47	—	—
Omega ratio: Gain probability vs. loss probability	1.57	—	—
Calmar ratio: Return relative to maximum drawdown	5.77	—	—
Martin ratio: Return relative to average drawdown	26.24	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	OPTZ	CTEF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.70	3.56	-1.86

Drawdowns

OPTZ vs. CTEF - Drawdown Comparison

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

Drawdown Indicators

	OPTZ	CTEF	Difference
Max Drawdown Largest peak-to-trough decline	-25.75%	-15.00%	-10.75%
Max Drawdown (1Y) Largest decline over 1 year	-10.63%	—	—
Current Drawdown Current decline from peak	-0.24%	-0.06%	-0.18%
Average Drawdown Average peak-to-trough decline	-3.38%	-1.79%	-1.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	—	—

Volatility

Volatility by Period

	OPTZ	CTEF	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.99%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.52%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.05%	21.76%	-3.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.64%	21.76%	-1.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.64%	21.76%	-1.12%

OPTZ vs. CTEF - Expense Ratio Comparison

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

Dividends

OPTZ vs. CTEF - Dividend Comparison

OPTZ's dividend yield for the trailing twelve months is around 0.44%, more than CTEF's 0.06% 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 OPTZ and CTEF in my portfolio?

OPTZ and CTEF have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OPTZ or CTEF?

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, OPTZ or CTEF?

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

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

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

What is the main difference between OPTZ and CTEF?

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