OPTZ vs. SPMD
OPTZ (Optimize Strategy Index ETF) and SPMD (SPDR Portfolio S&P 400 Mid Cap ETF) are both Mid Cap Blend Equities funds - OPTZ tracks the Optimize Strategy Index while SPMD tracks the S&P MidCap 400 Index. Both are passively managed. Over the past year, OPTZ returned 61.03% vs 26.21% for SPMD. Their correlation of 0.89 suggests significant overlap in exposure. OPTZ charges 0.25%/yr vs 0.05%/yr for SPMD.
Performance
OPTZ vs. SPMD - Performance Comparison
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Returns By Period
In the year-to-date period, OPTZ achieves a 31.19% return, which is significantly higher than SPMD's 14.54% return.
OPTZ
- 1D
- -0.24%
- 1M
- 10.07%
- YTD
- 31.19%
- 6M
- 31.66%
- 1Y
- 61.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPMD
- 1D
- 0.33%
- 1M
- 2.89%
- YTD
- 14.54%
- 6M
- 14.24%
- 1Y
- 26.21%
- 3Y*
- 16.67%
- 5Y*
- 8.28%
- 10Y*
- 11.39%
OPTZ vs. SPMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
OPTZ Optimize Strategy Index ETF | 31.19% | 22.83% | 16.81% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 14.54% | 7.44% | 8.94% |
Correlation
The correlation between OPTZ and SPMD is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2024 | 0.89 |
The correlation between OPTZ and SPMD has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.
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Return for Risk
OPTZ vs. SPMD — Risk / Return Rank
OPTZ
SPMD
OPTZ vs. SPMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Optimize Strategy Index ETF (OPTZ) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD). 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 | SPMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.30 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 5.77 | 2.97 | +2.80 |
| Martin ratioReturn relative to average drawdown | 26.24 | 10.91 | +15.33 |
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 | SPMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.40 | 1.70 | +1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.42 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.70 | 0.45 | +1.25 |
Drawdowns
OPTZ vs. SPMD - Drawdown Comparison
The maximum OPTZ drawdown since its inception was -25.75%, smaller than the maximum SPMD drawdown of -57.62%. Use the drawdown chart below to compare losses from any high point for OPTZ and SPMD.
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Drawdown Indicators
| OPTZ | SPMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.75% | -57.62% | +31.87% |
Max Drawdown (1Y)Largest decline over 1 year | -10.63% | -8.86% | -1.77% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.08% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.86% | — |
Current DrawdownCurrent decline from peak | -0.24% | 0.00% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -3.38% | -8.12% | +4.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 2.41% | -0.08% |
Volatility
OPTZ vs. SPMD - Volatility Comparison
Optimize Strategy Index ETF (OPTZ) has a higher volatility of 5.99% compared to SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) at 4.23%. This indicates that OPTZ's price experiences larger fluctuations and is considered to be riskier than SPMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPTZ | SPMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 4.23% | +1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 13.52% | 11.36% | +2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.05% | 15.53% | +2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.64% | 19.70% | +0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.64% | 21.18% | -0.54% |
OPTZ vs. SPMD - Expense Ratio Comparison
OPTZ has a 0.25% expense ratio, which is higher than SPMD's 0.05% 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%.
Dividends
OPTZ vs. SPMD - Dividend Comparison
OPTZ's dividend yield for the trailing twelve months is around 0.44%, less than SPMD's 1.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPTZ Optimize Strategy Index ETF | 0.44% | 0.58% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.22% | 1.39% | 1.42% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% |
Frequently Asked Questions
OPTZ and SPMD have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OPTZ has higher volatility (5.99%) compared to SPMD (4.23%). In terms of maximum drawdown, OPTZ dropped -25.75% vs SPMD's -57.62%.
On 1-year performance, OPTZ leads with 61.03% vs 26.21% for SPMD. On fees, SPMD is cheaper at 0.05% per year. On volatility, SPMD has been the lower-risk option at 4.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, OPTZ has performed better with a 61.03% return vs 26.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPMD is cheaper with a 0.05% expense ratio, compared with 0.25% for OPTZ.
SPMD has the higher dividend yield at 1.22%, compared with 0.44% for OPTZ.
OPTZ tracks Optimize Strategy Index, while SPMD tracks S&P MidCap 400 Index. They also come from different issuers: Optimize and State Street. Their fees differ too: 0.25% for OPTZ and 0.05% for SPMD.
OPTZ currently has the higher Sharpe Ratio (3.40 vs 1.70), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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