SAPH vs. OEI
SAPH (ADRhedged SAP ETF) and OEI (Optimized Equity Income ETF) are both Actively Managed funds. Both are actively managed. At a 0.24 correlation, their price movements are largely independent. SAPH charges 0.19%/yr vs 0.75%/yr for OEI.
Performance
SAPH vs. OEI - Performance Comparison
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Returns By Period
In the year-to-date period, SAPH achieves a -29.61% return, which is significantly lower than OEI's 5.55% return.
SAPH
- 1D
- 3.72%
- 1M
- -0.69%
- 6M
- -28.50%
- YTD
- -29.61%
- 1Y
- -44.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OEI
- 1D
- -0.03%
- 1M
- 0.48%
- 6M
- 4.54%
- YTD
- 5.55%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SAPH vs. OEI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SAPH ADRhedged SAP ETF | -29.61% | -14.03% |
OEI Optimized Equity Income ETF | 5.55% | 3.68% |
Correlation
The correlation between SAPH and OEI is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 22, 2025 | 0.24 |
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Return for Risk
SAPH vs. OEI — Risk / Return Rank
SAPH
OEI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SAPH vs. OEI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ADRhedged SAP ETF (SAPH) 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.
| SAPH | OEI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.76 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | — | — |
| Martin ratioReturn relative to average drawdown | -1.45 | — | — |
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Drawdowns
SAPH vs. OEI - Drawdown Comparison
The maximum SAPH drawdown since its inception was -51.14%, which is greater than OEI's maximum drawdown of -6.49%. Use the drawdown chart below to compare losses from any high point for SAPH and OEI.
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Drawdown Indicators
| SAPH | OEI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.14% | -6.49% | -44.65% |
Max Drawdown (1Y)Largest decline over 1 year | -48.85% | — | — |
Current DrawdownCurrent decline from peak | -47.22% | -0.37% | -46.85% |
Average DrawdownAverage peak-to-trough decline | -22.55% | -1.04% | -21.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.53% | — | — |
Volatility
SAPH vs. OEI - Volatility Comparison
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Volatility by Period
| SAPH | OEI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.43% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 31.75% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 35.26% | 9.70% | +25.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.18% | 9.70% | +24.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.18% | 9.70% | +24.48% |
SAPH vs. OEI - Expense Ratio Comparison
SAPH has a 0.19% expense ratio, which is lower than OEI's 0.75% expense ratio.
Dividends
SAPH vs. OEI - Dividend Comparison
SAPH's dividend yield for the trailing twelve months is around 3.96%, less than OEI's 5.95% yield.
| Position | TTM | 2025 |
|---|---|---|
OEI Optimized Equity Income ETF | 5.95% | 1.35% |
SAPH ADRhedged SAP ETF | 3.96% | 0.00% |
Frequently Asked Questions
SAPH and OEI have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SAPH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SAPH is cheaper with a 0.19% expense ratio, compared with 0.75% for OEI.
OEI has the higher dividend yield at 5.95%, compared with 3.96% for SAPH.
They also come from different issuers: ADRhedged and Optimize. Their fees differ too: 0.19% for SAPH and 0.75% for OEI.
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