SMOT vs. OPTZ

Last updated Jul 18, 2026

SMOT (VanEck Morningstar SMID Moat ETF) and OPTZ (Optimize Strategy Index ETF) are both Mid Cap Blend Equities funds - SMOT tracks the Morningstar US Small-Mid Cap Moat Focus while OPTZ tracks the Optimize Strategy Index. Both are passively managed. Over the past year, SMOT returned 12.04% vs 42.63% for OPTZ. A 0.78 correlation means they provide meaningful diversification when combined. SMOT charges 0.49%/yr vs 0.25%/yr for OPTZ.

Performance

SMOT vs. OPTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Morningstar SMID Moat ETF (SMOT) 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, SMOT achieves a 8.36% return, which is significantly lower than OPTZ's 24.87% return.

SMOT

• 1D: -0.92%
• 1M: 2.93%
• 6M: 4.91%
• YTD: 8.36%
• 1Y: 12.04%
• 3Y*: 9.14%
• 5Y*: —
• 10Y*: —

OPTZ

• 1D: -0.54%
• 1M: -5.19%
• 6M: 19.57%
• YTD: 24.87%
• 1Y: 42.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMOT vs. OPTZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SMOT VanEck Morningstar SMID Moat ETF	8.36%	6.46%	10.01%
OPTZ Optimize Strategy Index ETF	24.87%	22.83%	16.41%

Correlation

The correlation between SMOT and OPTZ 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 (1Y) Calculated over the trailing 1-year period	0.68
Correlation (All Time) Calculated using the full available price history since Apr 23, 2024	0.78

The correlation between SMOT and OPTZ has been stable across timeframes, ranging from 0.68 to 0.78 - a consistent structural relationship.

SMOT vs. OPTZ - Sectors Allocation Comparison

Sectors	SMOT	OPTZ
Healthcare	23.4%	9.4%
Consumer Cyclical	15.1%	8.5%
Industrials	14.5%	8.2%
Technology	11.0%	55.4%
Consumer Defensive	10.6%	3.5%
Basic Materials	9.1%	1.1%
Financial Services	7.9%	8.0%
Communication Services	3.3%	2.6%
Real Estate	2.3%	1.4%
Energy	1.7%	1.3%
Utilities	0.7%	0.6%

Return for Risk

SMOT vs. OPTZ — Risk / Return Rank

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

SMOT

SMOT Risk / Return Rank: 31
SMOT Sharpe Ratio Rank: 29
SMOT Sortino Ratio Rank: 30
SMOT Omega Ratio Rank: 27
SMOT Calmar Ratio Rank: 33
SMOT Martin Ratio Rank: 36

OPTZ

OPTZ Risk / Return Rank: 82
OPTZ Sharpe Ratio Rank: 81
OPTZ Sortino Ratio Rank: 76
OPTZ Omega Ratio Rank: 76
OPTZ Calmar Ratio Rank: 88
OPTZ Martin Ratio Rank: 89

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.

SMOT vs. OPTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar SMID Moat ETF (SMOT) 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.

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.

	SMOT	OPTZ	Difference
Sharpe ratio: Return per unit of total volatility	0.86	2.03	-1.17
Sortino ratio: Return per unit of downside risk	1.36	2.70	-1.34
Omega ratio: Gain probability vs. loss probability	1.15	1.35	-0.19
Calmar ratio: Return relative to maximum drawdown	1.36	4.03	-2.67
Martin ratio: Return relative to average drawdown	4.33	15.15	-10.82

SMOT vs. OPTZ - Sharpe Ratio Comparison

The current SMOT Sharpe Ratio is 0.86, which is lower than the OPTZ Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of SMOT 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.

Drawdowns

SMOT vs. OPTZ - Drawdown Comparison

The maximum SMOT drawdown since its inception was -23.36%, smaller than the maximum OPTZ drawdown of -25.75%. Use the drawdown chart below to compare losses from any high point for SMOT and OPTZ.

Drawdown Indicators

	SMOT	OPTZ	Difference
Max Drawdown Largest peak-to-trough decline	-23.36%	-25.75%	+2.39%
Max Drawdown (1Y) Largest decline over 1 year	-8.91%	-10.63%	+1.72%
Max Drawdown (3Y) Largest decline over 3 years	-23.36%	—	—
Current Drawdown Current decline from peak	-0.92%	-9.56%	+8.64%
Average Drawdown Average peak-to-trough decline	-4.71%	-3.41%	-1.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	2.82%	-0.04%

Volatility

SMOT vs. OPTZ - Volatility Comparison

The current volatility for VanEck Morningstar SMID Moat ETF (SMOT) is 3.67%, while Optimize Strategy Index ETF (OPTZ) has a volatility of 9.29%. This indicates that SMOT 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

	SMOT	OPTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	9.29%	-5.62%
Volatility (6M) Calculated over the trailing 6-month period	10.12%	17.83%	-7.71%
Volatility (1Y) Calculated over the trailing 1-year period	14.09%	21.10%	-7.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.33%	21.65%	-3.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.33%	21.65%	-3.32%

SMOT vs. OPTZ - Expense Ratio Comparison

SMOT has a 0.49% expense ratio, which is higher than OPTZ's 0.25% expense ratio.

Dividends

SMOT vs. OPTZ - Dividend Comparison

SMOT's dividend yield for the trailing twelve months is around 1.27%, more than OPTZ's 0.47% yield.

Position	TTM	2025	2024	2023	2022
OPTZ Optimize Strategy Index ETF	0.47%	0.58%	0.32%	0.00%	0.00%
SMOT VanEck Morningstar SMID Moat ETF	1.27%	1.37%	1.18%	0.65%	0.24%

Frequently Asked Questions

Can I hold both SMOT and OPTZ in my portfolio?

SMOT and OPTZ 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 is riskier, SMOT or OPTZ?

OPTZ has higher volatility (9.29%) compared to SMOT (3.67%). In terms of maximum drawdown, SMOT dropped -23.36% vs OPTZ's -25.75%.

Which ETF is better, SMOT or OPTZ?

On 1-year performance, OPTZ leads with 42.63% vs 12.04% for SMOT. On fees, OPTZ is cheaper at 0.25% per year. On volatility, SMOT has been the lower-risk option at 3.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SMOT or OPTZ?

Over the 1-year period, OPTZ has performed better with a 42.63% return vs 12.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SMOT or OPTZ?

OPTZ is cheaper with a 0.25% expense ratio, compared with 0.49% for SMOT.

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

SMOT has the higher dividend yield at 1.27%, compared with 0.47% for OPTZ.

What is the main difference between SMOT and OPTZ?

SMOT tracks Morningstar US Small-Mid Cap Moat Focus, while OPTZ tracks Optimize Strategy Index. They also come from different issuers: VanEck and Optimize. Their fees differ too: 0.49% for SMOT and 0.25% for OPTZ.

Which has better risk-adjusted returns?

OPTZ currently has the higher Sharpe Ratio (2.03 vs 0.86), 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.