NPFE vs OTAX: Grades, Fees and Holdings Compared

Npf Core Equity Etf

NPFEACboe

Optimal Tax Managed Equity ETF

OTAX—NYSE

Overlap

23.6%by weight

Expense ratio

NPFE −0.18pt a year

NPFE0.40%OTAX0.58%

Avg volume · 30D

OTAX 1.9×the volume

NPFE10.1KOTAX19.5K

NPFE vs OTAX Performance

Oct 2, 2026 – Nov 2, 2026

+0.2%NPFE−4.2%OTAX

Expense ratio: NPFE 0.40%, better; OTAX 0.58%
Fund size: NPFE $655M; OTAX $74M
Holdings: NPFE 162; OTAX 236
Avg volume (30D): NPFE 10.1K sh; OTAX 19.5K sh, better
NAV per share: NPFE $28.20; OTAX $48.60
52W range

ETF.net Grade

—OTAXNot yet graded

Pillar letters and Scores for NPFE, OTAX, with each pillar’s weight
Pillar	NPFE	OTAX
Cost30% weight	A94	Not scored
Mission25% weight	Not scored	Not scored
Risk15% weight	A83	Not scored
Tradability15% weight	B63	Not scored
Holdings10% weight	B69	Not scored
Durability5% weight	B55	Not scored

Rank among US Active Quality funds

How we build Categories ›

US Active Quality⁠

Category · 16 funds

See all 16 ›

NPFE ranks 1st of 16 funds in the US Active Quality Category.

Rank 1ANPFENpf Core Equity EtfScore 79
Rank 2AQLTYGMO US Quality ETFScore 75
OTAXNot yet graded

NPFE vs OTAX Holdings

How NPFE and OTAX differ

Overlap by weight

23.6%

Shared holdings make up 67.7% of NPFE and 34.1% of OTAX.

Level by level

Holdings57 in both23.6%
Countryby domicile97.8%
Asset classEquity100%

Sector

No Sector split for OTAX.

Country, concentration and asset class

Country by domicile

Country weights in NPFE and OTAX, widest gap first
Country	More in NPFEMore in OTAX	NPFE	OTAX
United States	NPFE +2.1 points	97.0%	94.9%
Taiwan	OTAX +0.6 points	2.8%	3.4%
Canada	OTAX +0.5 points	0.1%	0.6%
Other countries (15)	OTAX +1.1 points	0.1%	1.2%

Concentration

Weight in the 10 largest Holdings

NPFE44.1%
OTAX37.5%

Securities held

NPFE162
OTAX236

Asset class

NPFE: Equity
OTAX: Equity

Holdings

Only in NPFE105
In both57
Only in OTAX179

Only in NPFE

105 securities, 32.3% of NPFE by weight

Ball Corp4.13%
Danaher Corp3.40%
Verisk Analytics Inc3.16%
Moody's Corp2.82%
Coherent Corp1.86%
Motorola Solutions Inc1.82%
Knight-Swift Transportation Holdings Inc1.80%
Ecolab Inc1.54%
Trimble Inc1.41%
EPAM Systems Inc1.32%
Entegris Inc1.26%
SS&C Technologies Holdings Inc1.26%
Tyler Technologies Inc1.15%
Zebra Technologies Corp0.90%
Stryker Corp0.90%
Nordson Corp0.88%
Viking Holdings Ltd0.66%
Cadence Design Systems Inc0.49%
Synopsys Inc0.48%
State Street Inst U.s. Government Mmkt Admn Class0.14%
Norfolk Southern Corp0.05%
PepsiCo Inc0.04%
Analog Devices Inc0.03%
Rolls-Royce Holdings PLC0.03%
3M Co0.03%
Automatic Data Processing Inc0.03%
Mondelez International Inc0.03%
Phillips 660.03%
Ally Financial Inc0.03%
Deere & Co0.02%
Canadian National Railway Co0.02%
CSX Corp0.02%
Sysco Corp0.02%
Otis Worldwide Corp0.02%
Cincinnati Financial Corp0.02%
Coca-Cola Europacific Partners0.02%
Assurant Inc0.02%
Texas Pacific Land Corp0.02%
Pfizer Inc0.02%
UFP Industries Inc0.02%
Duke Energy Corp0.02%
O'Reilly Automotive Inc0.01%
Bristol-Myers Squibb Co0.01%
Saab AB0.01%
Cencora Inc0.01%
Realty Income Corp0.01%
Dover Corp0.01%
Johnson Controls International0.01%
Cameco Corp0.01%
Rockwell Automation Inc0.01%

Only in OTAX

179 securities, 65.9% of OTAX by weight

Columbia Research Enhanced Core ETF8.19%
Apple Inc5.08%
Vanguard S&P 500 ETF3.11%
Palo Alto Networks Inc2.35%
Snowflake Inc2.31%
Alphabet Inc1.47%
Tesla Inc1.39%
Dell Technologies Inc1.31%
Vanguard Dividend Appreciation ETF1.22%
Eli Lilly & Co1.18%
Micron Technology Inc0.98%
JPMorgan Chase & Co.0.91%
Vanguard Information Technology ETF0.82%
ExxonMobil Holdings Corp0.80%
Crowdstrike Holdings Inc0.75%
AbbVie Inc0.69%
Johnson & Johnson0.67%
Invesco QQQ Trust Series 10.63%
ATI Inc0.56%
Walmart Inc0.54%
iShares Core S&P Small-Cap ETF0.54%
Ares Management Corp0.49%
Costco Wholesale Corp0.48%
SM Energy Co0.47%
Chevron Corp0.47%
CF Industries Holdings Inc0.45%
Tenet Healthcare Corp0.43%
Caterpillar Inc0.43%
ONEOK Inc0.42%
Cisco Systems Inc0.42%
T-Mobile US Inc0.40%
Palantir Technologies Inc0.39%
Texas Instruments Inc0.39%
Coca-Cola Consolidated Inc0.38%
State Street SPDR Dow Jones Industrial Average ETF Trust0.38%
Simon Property Group Inc0.38%
Hasbro Inc0.37%
Etsy Inc0.37%
Jones Lang LaSalle Inc0.37%
First American Government Obligations Fund 12/01/20310.37%
Coca-Cola Co/The0.37%
Brinker International Inc0.36%
Exelixis Inc0.36%
APA Corp0.36%
FT Vest Laddered Buffer ETF0.35%
Host Hotels & Resorts Inc0.34%
RingCentral Inc0.34%
Abercrombie & Fitch Co0.33%
Blackstone Inc0.33%
Ge Aerospace0.33%

Weight gaps

All 57 Holdings in both funds, largest gap first.

Holding weights in NPFE and OTAX, widest gap first
Holding	More in NPFEMore in OTAX	NPFE	OTAX
Microsoft CorpMSFT	NPFE +6.98 points	11.09%	4.11%
Allison Transmission HoldingsALSN	NPFE +3.39 points	3.65%	0.26%
Visa IncV	NPFE +3.26 points	3.98%	0.72%
Applied Materials IncAMAT	NPFE +3.02 points	3.33%	0.31%
Berkshire Hathaway Inc CL BBRK.B	NPFE +2.84 points	3.61%	0.77%
Linde PLCLIN	NPFE +2.75 points	3.03%	0.28%
Union Pacific CorpUNP	NPFE +2.68 points	2.71%	0.03%
Waste Management IncWM	NPFE +2.55 points	2.68%	0.13%
Abbott LaboratoriesABT	NPFE +2.35 points	2.46%	0.11%
Sherwin-Williams Co/TheSHW	NPFE +2.17 points	2.28%	0.10%
Thermo Fisher Scientific IncTMO	NPFE +2.14 points	2.44%	0.30%
Mastercard IncMA	NPFE +1.98 points	2.50%	0.52%
Broadcom IncAVGO	OTAX +1.93 points	0.06%	1.99%
Alphabet IncGOOGL	NPFE +1.88 points	3.59%	1.71%
NVIDIA CorpNVDA	OTAX +1.41 points	3.57%	4.98%
Merck & Co IncMRK	NPFE +1.32 points	3.17%	1.85%
Amazon.com IncAMZN	NPFE +1.22 points	3.74%	2.52%
KLA CorpKLAC	NPFE +1.16 points	1.40%	0.24%
Eaton Corp PLCETN	NPFE +0.80 points	1.54%	0.74%
Advanced Micro Devices IncAMD	OTAX +0.79 points	0.03%	0.82%
TJX Cos Inc/TheTJX	NPFE +0.63 points	0.80%	0.17%
Williams Cos Inc/TheWMB	OTAX +0.60 points	<0.01%	0.61%
Home Depot Inc/TheHD	NPFE +0.48 points	0.82%	0.34%
Morgan StanleyMS	OTAX +0.47 points	<0.01%	0.48%
Arista Networks IncANET	NPFE +0.40 points	0.60%	0.20%
Goldman Sachs Group Inc/TheGS	OTAX +0.37 points	0.05%	0.42%
UnitedHealth Group IncUNH	OTAX +0.36 points	<0.01%	0.37%
Procter & Gamble Co/ThePG	OTAX +0.36 points	0.02%	0.38%
CME Group IncCME	OTAX +0.32 points	0.01%	0.33%
Philip Morris International IncPM	OTAX +0.30 points	0.02%	0.32%
Bank of America CorpBAC	OTAX +0.30 points	0.01%	0.31%
Kinder Morgan IncKMI	OTAX +0.29 points	0.03%	0.32%
Wells Fargo & CoWFC	OTAX +0.28 points	0.01%	0.29%
International Business MachineIBM	OTAX +0.27 points	<0.01%	0.28%
Lincoln Electric Holdings IncLECO	OTAX +0.27 points	0.03%	0.30%
Netflix IncNFLX	OTAX +0.26 points	<0.01%	0.26%
Salesforce IncCRM	OTAX +0.23 points	<0.01%	0.24%
ASE Technology Holding Co LtdASX	OTAX +0.24 points	0.01%	0.25%
AT&T IncT	OTAX +0.23 points	<0.01%	0.23%
Marriott International Inc/MDMAR	OTAX +0.18 points	<0.01%	0.19%
Meta Platforms IncMETA	OTAX +0.17 points	1.21%	1.38%
Parker-Hannifin CorpPH	OTAX +0.14 points	0.03%	0.17%
Freeport-McMoRan IncFCX	OTAX +0.13 points	0.01%	0.14%
Lowe's Cos IncLOW	OTAX +0.13 points	<0.01%	0.13%
Digital Realty Trust IncDLR	OTAX +0.12 points	<0.01%	0.12%
Walt Disney Co/TheDIS	OTAX +0.10 points	0.02%	0.12%
Intuitive Surgical IncISRG	OTAX +0.10 points	0.06%	0.16%
Taiwan Semiconductor Manufacturing Co Ltd ADRTSM	NPFE +0.06 points	2.93%	2.87%
Emerson Electric CoEMR	OTAX +0.05 points	<0.01%	0.05%
Chubb LtdCB	OTAX +0.03 points	<0.01%	0.03%
Marathon Petroleum CorpMPC	OTAX +0.02 points	0.02%	0.04%
PNC Financial Services Group IncPNC	OTAX +0.01 points	<0.01%	0.02%
American Express CoAXP	OTAX +0.01 points	0.03%	0.04%
QUALCOMM IncQCOM	OTAX +0.01 points	0.02%	0.03%
Arthur J Gallagher & CoAJG	Same weight	<0.01%	0.01%
Consolidated Edison IncED	OTAX +0.01 points	0.01%	0.01%
Shopify IncSHOP	Same weight	<0.01%	<0.01%

All NPFE holdings⁠All OTAX holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

NPFE vs OTAX Cost

Overpaying OTAX vs NPFE

$3,363

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

NPFE 0.40%
$8,090
OTAX 0.58%
$11,453

Amount$10,000

Years30 years

Cost over time

NPFE 0.40%
OTAX 0.58%
Overpaying

Year by year

Year	NPFE	OTAX	Overpaying
10	$723	$1,041	$318
20	$2,793	$3,986	$1,193
30	$8,090	$11,453	$3,363

Expense ratio

0.40%NPFE, cheaper
0.58%OTAX

NPFE0.40%OTAX0.58%

0.40%1.52%

Middle half of US Active Quality funds
Median 0.65%

NPFE cheapest of 16 funds

OTAX 8th cheapest of 16 funds

NPFE vs OTAX Dividends

Last 12 months to Nov 2, 2026

Payout (12M): NPFE No data; OTAX None
Last payment: NPFE $0.08; OTAX No data
Ex-dividend: NPFE Sep 29, 2026; OTAX No data
Paid on: NPFE Sep 30, 2026; OTAX No data
Frequency: NPFE Irregular; OTAX No data

Distribution history

Per share, 2026, same scale for both

NPFEIrregular · 1 paymentAll NPFE payments⁠

OTAXAll OTAX payments⁠

No distribution history available.

NPFE vs OTAX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years: NPFE 0.48OTAX 0.00; Market = 1

Popular comparisons

NPFEAvsQLTYA
Npf Core Equity Etf · GMO US Quality ETF
Expense ratio
0.40% · 0.50%
Category
OTAX—vsQLTYA
Optimal Tax Managed Equity ETF · GMO US Quality ETF
Expense ratio
0.58% · 0.50%
Category
NPFEAvsAQECB
Npf Core Equity Etf · AQE Core ETF
Expense ratio
0.40% · 0.49%
Category
OTAX—vsAQECB
Optimal Tax Managed Equity ETF · AQE Core ETF
Expense ratio
0.58% · 0.49%
Category
NPFEAvsQIDXB
Npf Core Equity Etf · Indexperts Quality Earnings Focused ETF
Expense ratio
0.40% · 0.50%
Category
OTAX—vsQIDXB
Optimal Tax Managed Equity ETF · Indexperts Quality Earnings Focused ETF
Expense ratio
0.58% · 0.50%
Category