SMCO vs. OPTZ

Last updated Jun 4, 2026

SMCO (Hilton Small-Midcap Opportunity ETF) and OPTZ (Optimize Strategy Index ETF) are both Mid Cap Blend Equities funds. SMCO is actively managed, while OPTZ is passively managed. Over the past year, SMCO returned 22.05% vs 61.30% for OPTZ. Their correlation of 0.87 suggests significant overlap in exposure. SMCO charges 0.55%/yr vs 0.25%/yr for OPTZ.

Performance

SMCO vs. OPTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hilton Small-Midcap Opportunity ETF (SMCO) and Optimize Strategy Index ETF (OPTZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMCO achieves a 12.31% return, which is significantly lower than OPTZ's 31.51% return.

SMCO

• 1D: -0.37%
• 1M: 2.03%
• YTD: 12.31%
• 6M: 11.53%
• 1Y: 22.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

OPTZ

• 1D: 0.36%
• 1M: 12.33%
• YTD: 31.51%
• 6M: 32.28%
• 1Y: 61.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMCO vs. OPTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SMCO Hilton Small-Midcap Opportunity ETF	12.31%	6.46%	12.45%
OPTZ Optimize Strategy Index ETF	31.51%	22.83%	16.81%

Correlation

The correlation between SMCO and OPTZ 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	0.87

The correlation between SMCO and OPTZ has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.

Return for Risk

SMCO vs. OPTZ — Risk / Return Rank

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

SMCO

SMCO Risk / Return Rank: 43
SMCO Sharpe Ratio Rank: 40
SMCO Sortino Ratio Rank: 41
SMCO Omega Ratio Rank: 39
SMCO Calmar Ratio Rank: 48
SMCO Martin Ratio Rank: 48

OPTZ

OPTZ Risk / Return Rank: 92
OPTZ Sharpe Ratio Rank: 93
OPTZ Sortino Ratio Rank: 92
OPTZ Omega Ratio Rank: 89
OPTZ Calmar Ratio Rank: 91
OPTZ Martin Ratio Rank: 94

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.

SMCO vs. OPTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hilton Small-Midcap Opportunity ETF (SMCO) and Optimize Strategy Index ETF (OPTZ). 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.

	SMCO	OPTZ	Difference
Sharpe ratio: Return per unit of total volatility	1.41	3.41	-2.00
Sortino ratio: Return per unit of downside risk	2.08	4.49	-2.41
Omega ratio: Gain probability vs. loss probability	1.25	1.57	-0.32
Calmar ratio: Return relative to maximum drawdown	2.32	5.80	-3.48
Martin ratio: Return relative to average drawdown	7.82	26.36	-18.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMCO vs. OPTZ - Sharpe Ratio Comparison

The current SMCO Sharpe Ratio is 1.41, which is lower than the OPTZ Sharpe Ratio of 3.41. The chart below compares the historical Sharpe Ratios of SMCO and OPTZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SMCO	OPTZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	3.41	-2.00
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	1.71	-0.71

Drawdowns

SMCO vs. OPTZ - Drawdown Comparison

The maximum SMCO drawdown since its inception was -22.71%, smaller than the maximum OPTZ drawdown of -25.75%. Use the drawdown chart below to compare losses from any high point for SMCO and OPTZ.

Drawdown Indicators

	SMCO	OPTZ	Difference
Max Drawdown Largest peak-to-trough decline	-22.71%	-25.75%	+3.04%
Max Drawdown (1Y) Largest decline over 1 year	-9.56%	-10.63%	+1.07%
Current Drawdown Current decline from peak	-0.37%	0.00%	-0.37%
Average Drawdown Average peak-to-trough decline	-3.75%	-3.39%	-0.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	2.33%	+0.50%

Volatility

SMCO vs. OPTZ - Volatility Comparison

The current volatility for Hilton Small-Midcap Opportunity ETF (SMCO) is 3.92%, while Optimize Strategy Index ETF (OPTZ) has a volatility of 6.09%. This indicates that SMCO experiences smaller price fluctuations and is considered to be less risky than OPTZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMCO	OPTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.92%	6.09%	-2.17%
Volatility (6M) Calculated over the trailing 6-month period	11.81%	13.52%	-1.71%
Volatility (1Y) Calculated over the trailing 1-year period	15.76%	18.09%	-2.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.22%	20.66%	-2.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.22%	20.66%	-2.44%

SMCO vs. OPTZ - Expense Ratio Comparison

SMCO has a 0.55% expense ratio, which is higher than OPTZ's 0.25% expense ratio.

Dividends

SMCO vs. OPTZ - Dividend Comparison

SMCO's dividend yield for the trailing twelve months is around 0.90%, more than OPTZ's 0.44% yield.

Position	TTM	2025	2024	2023
OPTZ Optimize Strategy Index ETF	0.44%	0.58%	0.32%	0.00%
SMCO Hilton Small-Midcap Opportunity ETF	0.90%	1.01%	0.47%	0.05%

Frequently Asked Questions

Can I hold both SMCO and OPTZ in my portfolio?

SMCO and OPTZ 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.

Which is riskier, SMCO or OPTZ?

OPTZ has higher volatility (6.09%) compared to SMCO (3.92%). In terms of maximum drawdown, SMCO dropped -22.71% vs OPTZ's -25.75%.

Which ETF is better, SMCO or OPTZ?

On 1-year performance, OPTZ leads with 61.30% vs 22.05% for SMCO. On fees, OPTZ is cheaper at 0.25% per year. On volatility, SMCO has been the lower-risk option at 3.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SMCO or OPTZ?

Over the 1-year period, OPTZ has performed better with a 61.30% return vs 22.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SMCO or OPTZ?

OPTZ is cheaper with a 0.25% expense ratio, compared with 0.55% for SMCO.

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

SMCO has the higher dividend yield at 0.90%, compared with 0.44% for OPTZ.

What is the main difference between SMCO and OPTZ?

They also come from different issuers: Hilton and Optimize. Their fees differ too: 0.55% for SMCO and 0.25% for OPTZ.

Which has better risk-adjusted returns?

OPTZ currently has the higher Sharpe Ratio (3.41 vs 1.41), 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.