Optimize Strategy Index ETF
$45.37−0.07 (−0.15%)
- 0.25%
- $271M
- +33.9%
- 0.46%
- 0M sh
- $46.03
- low $33.27high $49.76
The ETF.net OPTZ Grade
Score 46 out of 100
- 73 of 99
Score 46 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B65 out of 100Rank 33 of 99Mission
Whether the fund did what it promised, tested against its stated mandate.F23 out of 100Rank 85 of 86Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D28 out of 100Rank 77 of 97Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C52 out of 100Rank 41 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A70 out of 100Rank 29 of 98Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D35 out of 100Rank 79 of 99
Our read on OPTZ
CA 2024 newcomer built on one idea: screen US-listed stocks for quality and momentum, track the index, charge 0.25%. Priced under the typical multifactor peer, but still a small and lightly traded fund.
The Fund seeks to track, before fees and expenses, the total return of the Optimize Strategy Index. The Index selects U.S.-listed equities from a broad market universe and evaluates them using quality and momentum criteria.
Why people hold it
- At 0.25%, it undercuts the median expense ratio in its multifactor peer group and matches Schwab's FNDX, though broad index giants like IUSG and VYM sit well below that.
- No manager hunches. The Optimize Strategy Index ranks a broad US equity universe on quality and momentum, and the fund's job is simply to track it.
- Conventional plumbing: a 1940 Act ETF holding US-listed stocks, with the factor tilt advertised up front rather than buried in a strategy footnote.
Worth knowing
- Thinly traded, so bid-ask spreads can run wider than in the household-name factor funds. Order size and timing matter more here.
- It launched in April 2024, so there is no record yet across a full market cycle to judge how the quality-momentum screen holds up.
- A small fund next to the Vanguard and iShares factor lineups, and payouts come annually or semiannually rather than quarterly.
OPTZ Holdings
- Stocks
- 396
- 14%
- CIEN
Sectors
- Technology45.3%
- Financials11.8%
- Health Care10.5%
- Consumer Discretionary9.2%
- Industrials7.5%
- Energy6.6%
- Consumer Staples3.0%
- Real Estate2.3%
- Materials1.6%
- Utilities1.4%
- Communication0.9%
Geography
- United States93.41%
- Cayman Islands1.33%
- Netherlands1.12%
- Canada0.93%
- Bermuda0.83%
- Ireland0.49%
- United Kingdom0.47%
- Switzerland0.37%
- 1.04%
OPTZ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | OPTZ |
|---|---|
| Year to date | +26.1% |
| 1 month | −0.3% |
| 3 months | −4.3% |
| 1 year | +33.9% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | OPTZ |
|---|---|---|
| 2026 YTD | +26.1% | |
| 2025 | +22.8% | |
| 2024 | +16.8% |
OPTZ in the news
OPTZ Dividends
- 0.46%
- $0.21
- $0.21 per share
- Annual
Distribution history
OPTZ Risk
- 19.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.16
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −25.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.32
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
OPTZ Cost
- The middle half of US Multifactor funds
- Median 0.30%
32 of the 99 US Multifactor funds charge less.
Other funds in US Multifactor
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- CLSAFLeaderSharesTM AlphaFactor US Core Equity ETFExpense ratio 0.75%1 year return +28.5%
- CBLGRBluemonte Large Cap Growth ETFExpense ratio 0.29%1 year return +19.1%
- CCAFGPacer US Small Cap Cash Cows Growth Leaders ETFExpense ratio 0.59%1 year return +32.6%
- CFTCFirst Trust Large Cap Growth AlphaDEX FundExpense ratio 0.58%1 year return +14.8%