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OPTZ

GradeCNASDAQ Global Market

Optimize Strategy Index ETF

Factor & Screened Index · Optz Fund · Inception 2024-04-23

$45.53−0.44 (−0.95%)

As of Sep 23, 2026, 2:07 PM EDT

History starts Apr 23, 2024.
Intraday session: down, 11 prints from 45.97 to 45.53. Range 45.09 to 45.63. Use the arrow keys to read each point.$45.20$45.40$45.6010 AM12 PM2 PM4 PM
Expense ratio
0.25%
Fund size
$268M
1Y return
+30.6%
Yield · Last 12 months
0.46%
Volume · 30D
0M sh
NAV per share
$45.63
52W range
low $33.27high $49.76

The ETF.net OPTZ Grade

C

41/ 100

Rank 82 of 99 in US Multifactor⁠

Confidence High

Six-pillar profile for OPTZ. Scores out of 100: Cost 65, Risk 25, Mission 25, Tradability 20, Holdings 70, Durability 38. Strongest: Holdings (70). Weakest: Tradability (20). Leans toward Holdings and Cost.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 41 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 65
    Category rank34/99 · top 34%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    DScore 25
    Category rank85/86 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 25
    Category rank85/96 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 20
    Category rank89/99 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 70
    Category rank29/98 · top 30%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 38
    Category rank75/99 · bottom quartile

Graded as of Sep 22, 2026

Our read on OPTZ

ETF.net Research

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.

Stated mandate

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

  1. 01At 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.
  2. 02No 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.
  3. 03Conventional 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

  1. 01Thinly traded, so bid-ask spreads can run wider than in the household-name factor funds. Order size and timing matter more here.
  2. 02It launched in April 2024, so there is no record yet across a full market cycle to judge how the quality-momentum screen holds up.
  3. 03A small fund next to the Vanguard and iShares factor lineups, and payouts come annually or semiannually rather than quarterly.

OPTZ Holdings

As of Sep 20, 2026, 9:09 AM
Asset class
Stocks
Holdings
—
Top-10 weight
13%
Largest holding
SMTC1.4%

Sectors

  • Technology51.9%
  • Health Care11.3%
  • Financials8.9%
  • Consumer Discr.8.7%
  • Industrials7.9%
  • Cons. Staples4.2%
  • Communication2.5%
  • Energy1.5%
  • Real Estate1.4%
  • Materials1.1%
  • Utilities0.6%

Geography

  • United States91.37%
  • Singapore2.29%
  • Netherlands1.12%
  • Cayman Islands1.08%
  • Canada0.97%
  • Bermuda0.72%
  • Ireland0.57%
  • Switzerland0.40%
  • Other countries (8)1.46%
The fund’s holdings, weight-ordered — page 1 of 27.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001SMTCSemtech Corp1.42%20,155$4M166
002AMDAdvanced Micro Devices Inc1.36%6,376$4M618
003RXTRackspace Technology Inc1.35%934,405$4M50
004COHRCoherent Corp1.30%10,742$3M341
005CIENCiena Corp1.23%9,286$3M384
006DELLDell Technologies Inc1.23%5,687$3M427
007TERTeradyne Inc1.20%8,484$3M421
008SNDKSandisk Corp1.20%1,756$3M450
009ADIAnalog Devices Inc1.20%8,356$3M474
010MTSIMACOM Technology Solutions Holdings Inc1.18%11,262$3M203
011KEYSKeysight Technologies Inc1.18%9,253$3M368
012STXSeagate Technology Holdings PLC1.17%3,585$3M434
013ARWArrow Electronics Inc1.17%14,038$3M174
014TXNTexas Instruments Inc1.17%11,534$3M497
015MUMicron Technology Inc1.16%2,998$3M655

Showing 1–15 of 394 holdings

OPTZ Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

OPTZ$13,059
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. OPTZ $13,059. SPY $11,723. Use the arrow keys to read each point.$9,163$11,834$14,506Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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.

Trailing total return for OPTZ. Periods over one year show the average yearly return.
PeriodOPTZ
Year to date+27.5%
1 month−0.7%
3 months−6.9%
1 year+30.6%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for OPTZ
YearReturn barOPTZ
2026 YTD+27.5%
2025+22.8%
2024+16.8%

Since listing, Apr 23, 2024

OPTZ in the news

OPTZ Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
0.46%Last 12 months
Payout per share
$0.21Last 12 months
Last payment
$0.21 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 24, 2024 $0.10; Dec 23, 2025 $0.21. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 23, 2025Dec 24, 2025$0.21
Dec 24, 2024Dec 26, 2024$0.10

OPTZ Risk

How much the fund’s monthly returns vary, scaled to a year.
19.4%
Annualised · 28 months to Aug 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
1.22
vs 3-month T-bills · 28 months to Aug 2026
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.

The largest fall from a peak to the low that followed.
−25.7%
28 months · trough Apr 2025
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.

How strongly the fund’s returns move with its asset-class index.
1.31
vs its asset-class index
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

Expense ratio0.25%
  • The middle half of US Multifactor funds
  • Median 0.30%

32 of the 98 US Multifactor funds charge less.

OPTZ costs $25.00 a year on $10,000. The median US Multifactor fund costs $30.00.