OPTZ vs. RSHO

Last updated Apr 1, 2026

Compare and contrast key facts about Optimize Strategy Index ETF (OPTZ) and Tema American Reshoring ETF (RSHO).

OPTZ and RSHO 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. RSHO is an actively managed fund by Tema. It was launched on May 10, 2023.

Performance

OPTZ vs. RSHO - Performance Comparison

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

OPTZ vs. RSHO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
OPTZ Optimize Strategy Index ETF	0.41%	22.83%	16.81%
RSHO Tema American Reshoring ETF	12.27%	19.23%	8.64%

Returns By Period

In the year-to-date period, OPTZ achieves a 0.41% return, which is significantly lower than RSHO's 12.27% return.

OPTZ

• 1D: 3.97%
• 1M: -6.58%
• YTD: 0.41%
• 6M: 3.12%
• 1Y: 35.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RSHO

• 1D: 4.94%
• 1M: -8.70%
• YTD: 12.27%
• 6M: 16.13%
• 1Y: 47.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OPTZ vs. RSHO - Expense Ratio Comparison

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

RSHO

Tema American Reshoring ETF

OPTZ

Optimize Strategy Index ETF

Return for Risk

OPTZ vs. RSHO — Risk / Return Rank

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

OPTZ

OPTZ Risk / Return Rank: 82
OPTZ Sharpe Ratio Rank: 79
OPTZ Sortino Ratio Rank: 83
OPTZ Omega Ratio Rank: 79
OPTZ Calmar Ratio Rank: 82
OPTZ Martin Ratio Rank: 88

RSHO

RSHO Risk / Return Rank: 89
RSHO Sharpe Ratio Rank: 88
RSHO Sortino Ratio Rank: 90
RSHO Omega Ratio Rank: 85
RSHO Calmar Ratio Rank: 91
RSHO Martin Ratio Rank: 91

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. RSHO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Optimize Strategy Index ETF (OPTZ) and Tema American Reshoring ETF (RSHO). 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	RSHO	Difference
Sharpe ratio Return per unit of total volatility	1.52	1.83	-0.31
Sortino ratio Return per unit of downside risk	2.23	2.55	-0.32
Omega ratio Gain probability vs. loss probability	1.31	1.33	-0.02
Calmar ratio Return relative to maximum drawdown	2.41	3.18	-0.77
Martin ratio Return relative to average drawdown	11.20	11.76	-0.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OPTZ vs. RSHO - Sharpe Ratio Comparison

The current OPTZ Sharpe Ratio is 1.52, which is comparable to the RSHO Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of OPTZ and RSHO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	OPTZ	RSHO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	1.83	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	1.02	1.26	-0.25

Correlation

The correlation between OPTZ and RSHO is 0.83, 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. RSHO - Dividend Comparison

OPTZ's dividend yield for the trailing twelve months is around 0.58%, more than RSHO's 0.26% yield.

	TTM	2025	2024	2023
OPTZ Optimize Strategy Index ETF	0.58%	0.58%	0.32%	0.00%
RSHO Tema American Reshoring ETF	0.26%	0.30%	0.26%	0.25%

Drawdowns

OPTZ vs. RSHO - Drawdown Comparison

The maximum OPTZ drawdown since its inception was -25.75%, smaller than the maximum RSHO drawdown of -27.31%. Use the drawdown chart below to compare losses from any high point for OPTZ and RSHO.

Drawdown Indicators

	OPTZ	RSHO	Difference
Max Drawdown Largest peak-to-trough decline	-25.75%	-27.31%	+1.56%
Max Drawdown (1Y) Largest decline over 1 year	-14.58%	-14.64%	+0.06%
Current Drawdown Current decline from peak	-7.08%	-10.42%	+3.34%
Average Drawdown Average peak-to-trough decline	-3.61%	-4.43%	+0.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	3.95%	-0.82%

Volatility

OPTZ vs. RSHO - Volatility Comparison

The current volatility for Optimize Strategy Index ETF (OPTZ) is 7.53%, while Tema American Reshoring ETF (RSHO) has a volatility of 11.13%. This indicates that OPTZ experiences smaller price fluctuations and is considered to be less risky than RSHO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OPTZ	RSHO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.53%	11.13%	-3.60%
Volatility (6M) Calculated over the trailing 6-month period	12.94%	17.64%	-4.70%
Volatility (1Y) Calculated over the trailing 1-year period	23.36%	25.94%	-2.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.60%	21.91%	-1.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.60%	21.91%	-1.31%