OPTZ vs. IMCB
Compare and contrast key facts about Optimize Strategy Index ETF (OPTZ) and iShares Morningstar Mid-Cap ETF (IMCB).
OPTZ and IMCB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OPTZ is a passively managed fund by Optimize that tracks the performance of the Optimize Strategy Index. It was launched on Apr 23, 2024. IMCB is a passively managed fund by iShares that tracks the performance of the IMCB-US - Morningstar U.S. Mid Cap Index. It was launched on Jun 28, 2004. Both OPTZ and IMCB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
OPTZ vs. IMCB - Performance Comparison
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OPTZ vs. IMCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
OPTZ Optimize Strategy Index ETF | 0.41% | 22.83% | 16.81% |
IMCB iShares Morningstar Mid-Cap ETF | 1.14% | 10.25% | 10.71% |
Returns By Period
In the year-to-date period, OPTZ achieves a 0.41% return, which is significantly lower than IMCB's 1.14% return.
OPTZ
- 1D
- 3.97%
- 1M
- -6.58%
- YTD
- 0.41%
- 6M
- 3.12%
- 1Y
- 35.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IMCB
- 1D
- 2.52%
- 1M
- -5.47%
- YTD
- 1.14%
- 6M
- 1.17%
- 1Y
- 14.21%
- 3Y*
- 12.90%
- 5Y*
- 7.16%
- 10Y*
- 10.27%
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OPTZ vs. IMCB - Expense Ratio Comparison
OPTZ has a 0.25% expense ratio, which is higher than IMCB's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
OPTZ vs. IMCB — Risk / Return Rank
OPTZ
IMCB
OPTZ vs. IMCB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Optimize Strategy Index ETF (OPTZ) and iShares Morningstar Mid-Cap ETF (IMCB). 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 | IMCB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 0.79 | +0.72 |
Sortino ratioReturn per unit of downside risk | 2.23 | 1.22 | +1.01 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.17 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.41 | 1.16 | +1.25 |
Martin ratioReturn relative to average drawdown | 11.20 | 5.35 | +5.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OPTZ | IMCB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 0.79 | +0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.41 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.48 | +0.54 |
Correlation
The correlation between OPTZ and IMCB is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
OPTZ vs. IMCB - Dividend Comparison
OPTZ's dividend yield for the trailing twelve months is around 0.58%, less than IMCB's 1.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPTZ Optimize Strategy Index ETF | 0.58% | 0.58% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IMCB iShares Morningstar Mid-Cap ETF | 1.38% | 1.42% | 1.43% | 1.55% | 1.70% | 1.08% | 1.12% | 1.32% | 1.80% | 1.31% | 1.79% | 1.47% |
Drawdowns
OPTZ vs. IMCB - Drawdown Comparison
The maximum OPTZ drawdown since its inception was -25.75%, smaller than the maximum IMCB drawdown of -58.80%. Use the drawdown chart below to compare losses from any high point for OPTZ and IMCB.
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Drawdown Indicators
| OPTZ | IMCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.75% | -58.80% | +33.05% |
Max Drawdown (1Y)Largest decline over 1 year | -14.58% | -12.92% | -1.66% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.99% | — |
Current DrawdownCurrent decline from peak | -7.08% | -5.73% | -1.35% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -7.79% | +4.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.79% | +0.34% |
Volatility
OPTZ vs. IMCB - Volatility Comparison
Optimize Strategy Index ETF (OPTZ) has a higher volatility of 7.53% compared to iShares Morningstar Mid-Cap ETF (IMCB) at 5.32%. This indicates that OPTZ's price experiences larger fluctuations and is considered to be riskier than IMCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPTZ | IMCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.53% | 5.32% | +2.21% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 9.96% | +2.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.36% | 17.98% | +5.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.60% | 17.57% | +3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.60% | 19.63% | +0.97% |