OPTZ vs. OEI

Last updated Jul 14, 2026

OPTZ (Optimize Strategy Index ETF) and OEI (Optimized Equity Income ETF) are both exchange-traded funds - OPTZ is a Mid Cap Blend Equities fund tracking the Optimize Strategy Index, while OEI is a Actively Managed fund actively managed by Optimize. OPTZ is passively managed, while OEI is actively managed. A 0.68 correlation means they provide meaningful diversification when combined. OPTZ charges 0.25%/yr vs 0.75%/yr for OEI.

Performance

OPTZ vs. OEI - Performance Comparison

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

Returns By Period

In the year-to-date period, OPTZ achieves a 29.14% return, which is significantly higher than OEI's 5.21% return.

OPTZ

• 1D: -1.92%
• 1M: -1.80%
• 6M: 24.29%
• YTD: 29.14%
• 1Y: 49.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

OEI

• 1D: -0.49%
• 1M: 1.27%
• 6M: 3.84%
• YTD: 5.21%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OPTZ vs. OEI - Yearly Performance Comparison

	2026 (YTD)	2025
OPTZ Optimize Strategy Index ETF	29.14%	2.41%
OEI Optimized Equity Income ETF	5.21%	3.68%

Correlation

The correlation between OPTZ and OEI is 0.68, 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	0.68

Return for Risk

OPTZ vs. OEI — Risk / Return Rank

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

OPTZ

OPTZ Risk / Return Rank: 89
OPTZ Sharpe Ratio Rank: 90
OPTZ Sortino Ratio Rank: 86
OPTZ Omega Ratio Rank: 85
OPTZ Calmar Ratio Rank: 92
OPTZ Martin Ratio Rank: 93

OEI

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

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. OEI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Optimize Strategy Index ETF (OPTZ) and Optimized Equity Income ETF (OEI). 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.

	OPTZ	OEI	Difference
Sharpe ratio: Return per unit of total volatility	2.39	—	—
Sortino ratio: Return per unit of downside risk	3.10	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	4.71	—	—
Martin ratio: Return relative to average drawdown	18.97	—	—

Drawdowns

OPTZ vs. OEI - Drawdown Comparison

The maximum OPTZ drawdown since its inception was -25.75%, which is greater than OEI's maximum drawdown of -6.49%. Use the drawdown chart below to compare losses from any high point for OPTZ and OEI.

Drawdown Indicators

	OPTZ	OEI	Difference
Max Drawdown Largest peak-to-trough decline	-25.75%	-6.49%	-19.26%
Max Drawdown (1Y) Largest decline over 1 year	-10.63%	—	—
Current Drawdown Current decline from peak	-6.46%	-0.69%	-5.77%
Average Drawdown Average peak-to-trough decline	-3.37%	-1.05%	-2.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	—	—

Volatility

Volatility by Period

	OPTZ	OEI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.60%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.97%	9.77%	+11.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.64%	9.77%	+11.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.64%	9.77%	+11.87%

OPTZ vs. OEI - Expense Ratio Comparison

OPTZ has a 0.25% expense ratio, which is lower than OEI's 0.75% expense ratio.

Dividends

OPTZ vs. OEI - Dividend Comparison

OPTZ's dividend yield for the trailing twelve months is around 0.45%, less than OEI's 5.97% yield.

Position	TTM	2025	2024
OEI Optimized Equity Income ETF	5.97%	1.35%	0.00%
OPTZ Optimize Strategy Index ETF	0.45%	0.58%	0.32%

Frequently Asked Questions

Can I hold both OPTZ and OEI in my portfolio?

OPTZ and OEI have a correlation of 0.68, 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 OEI?

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 OEI?

OPTZ is cheaper with a 0.25% expense ratio, compared with 0.75% for OEI.

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

OEI has the higher dividend yield at 5.97%, compared with 0.45% for OPTZ.

What is the main difference between OPTZ and OEI?

OPTZ is categorized as Mid Cap Blend Equities, while OEI is Actively Managed. Their fees differ too: 0.25% for OPTZ and 0.75% for OEI.