TOT vs. OEI

Last updated Jul 17, 2026

TOT (LionShares U.S. Equity Total Return ETF) and OEI (Optimized Equity Income ETF) are both Actively Managed funds. Both are actively managed. Their correlation of 0.83 suggests significant overlap in exposure. TOT charges 0.07%/yr vs 0.75%/yr for OEI.

Performance

TOT vs. OEI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LionShares U.S. Equity Total Return ETF (TOT) and Optimized Equity Income ETF (OEI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TOT

• 1D: -0.53%
• 1M: 0.24%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OEI

• 1D: -0.03%
• 1M: 0.48%
• 6M: 4.54%
• YTD: 5.55%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TOT vs. OEI - Yearly Performance Comparison

	2026 (YTD)
TOT LionShares U.S. Equity Total Return ETF	0.63%
OEI Optimized Equity Income ETF	0.89%

Correlation

The correlation between TOT and OEI is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 26, 2026	0.83

Return for Risk

TOT vs. OEI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LionShares U.S. Equity Total Return ETF (TOT) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

TOT vs. OEI - Drawdown Comparison

The maximum TOT drawdown since its inception was -4.26%, smaller than the maximum OEI drawdown of -6.49%. Use the drawdown chart below to compare losses from any high point for TOT and OEI.

Drawdown Indicators

	TOT	OEI	Difference
Max Drawdown Largest peak-to-trough decline	-4.26%	-6.49%	+2.23%
Current Drawdown Current decline from peak	-0.84%	-0.37%	-0.47%
Average Drawdown Average peak-to-trough decline	-1.33%	-1.04%	-0.29%

Volatility

Volatility by Period

	TOT	OEI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.52%	9.70%	+3.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.52%	9.70%	+3.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.52%	9.70%	+3.82%

TOT vs. OEI - Expense Ratio Comparison

TOT has a 0.07% expense ratio, which is lower than OEI's 0.75% expense ratio.

Dividends

TOT vs. OEI - Dividend Comparison

TOT has not paid dividends to shareholders, while OEI's dividend yield for the trailing twelve months is around 5.95%.

Position	TTM	2025
OEI Optimized Equity Income ETF	5.95%	1.35%
TOT LionShares U.S. Equity Total Return ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both TOT and OEI in my portfolio?

TOT and OEI have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TOT or OEI?

On fees, TOT is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TOT or OEI?

TOT is cheaper with a 0.07% expense ratio, compared with 0.75% for OEI.

Which ETF pays a higher dividend yield, TOT or OEI?

OEI has the higher dividend yield at 5.95%, compared with 0.00% for TOT.

What is the main difference between TOT and OEI?

They also come from different issuers: LionShares and Optimize. Their fees differ too: 0.07% for TOT and 0.75% for OEI.