OPTZ vs. CDEI ETF Comparison

Comparison of Optimize Strategy Index ETF (OPTZ) to Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI)

OPTZ

Optimize Strategy Index ETF

OPTZ Description

OPTZ seeks to track a broad market index consisting of US-listed equities that meet certain market-cap threshold and liquidity requirements. To be included in the fund, eligible large-cap and small-cap companies are evaluated and ranked within their own sector. Large cap companies are ranked based on the ratio of current EPS over the trailing 10-year average EPS, the current P/E ratio, and the 2-year forward EPS growth estimate. Small-cap companies are ranked solely on their P/S ratio. Within these two groups, the top 20% are selected from each sector. The index weights the sectors using the sum of the market capitalization of all constituents in each sector and within each sector each constituent is equally weighted. Reconstitution and rebalancing are done semi-annually.

Grade (RS Rating)

Last Trade

$31.04

Average Daily Volume

7,221

Number of Holdings ^*

321

* may have additional holdings in another (foreign) market

CDEI

Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF

CDEI Description

Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities included in the underlying index. The index is composed of common stocks of large companies that operate their businesses in a manner consistent with the Calvert Principles for Responsible Investment. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$72.40

Average Daily Volume

644

Number of Holdings ^*

370

* may have additional holdings in another (foreign) market

Performance

Period	OPTZ	CDEI
30 Days	8.47%	1.83%
60 Days	9.68%	4.03%
90 Days	11.36%	4.65%
12 Months		24.85%

106 Overlapping Holdings

Symbol	Grade	Weight in OPTZ	Weight in CDEI	Overlap
AAPL	C	1.06%	10.52%	1.06%
ACGL	D	0.19%	0.11%	0.11%
ADBE	C	0.11%	0.71%	0.11%
AES	F	0.04%	0.03%	0.03%
AIT	A	0.16%	0.03%	0.03%
ALGN	D	0.13%	0.05%	0.05%
ALL	A	0.21%	0.16%	0.16%
AMD	F	1.03%	0.68%	0.68%
AMP	A	0.25%	0.17%	0.17%
AMT	D	0.07%	0.28%	0.07%
ANET	C	1.24%	0.3%	0.3%
APTV	D	0.25%	0.04%	0.04%
ASH	D	0.13%	0.01%	0.01%
AXP	A	0.24%	0.5%	0.24%
BAH	F	1.02%	0.06%	0.06%
BAX	D	0.11%	0.05%	0.05%
BKR	B	0.07%	0.13%	0.07%
BR	A	0.22%	0.08%	0.08%
BURL	A	0.33%	0.05%	0.05%
CBOE	B	0.19%	0.06%	0.06%
CL	D	0.25%	0.23%	0.23%
CMCSA	B	0.64%	0.51%	0.51%
CME	A	0.2%	0.24%	0.2%
COOP	B	0.22%	0.02%	0.02%
CRM	B	1.37%	0.94%	0.94%
CROX	D	0.24%	0.02%	0.02%
CRUS	D	0.8%	0.02%	0.02%
CRWD	B	1.37%	0.24%	0.24%
CVS	D	0.26%	0.21%	0.21%
DAL	C	0.19%	0.13%	0.13%
DECK	A	0.39%	0.08%	0.08%
DELL	C	1.29%	0.12%	0.12%
DIS	B	0.77%	0.6%	0.6%
DKS	C	0.29%	0.03%	0.03%
DLR	B	0.11%	0.18%	0.11%
DOCU	A	0.16%	0.05%	0.05%
DTE	C	0.05%	0.07%	0.05%
EA	A	0.66%	0.12%	0.12%
ECL	D	0.15%	0.19%	0.15%
EFX	F	0.11%	0.1%	0.1%
ELS	C	0.09%	0.04%	0.04%
EME	C	0.18%	0.07%	0.07%
EQIX	A	0.1%	0.26%	0.1%
ETN	A	0.15%	0.44%	0.15%
ETSY	D	0.3%	0.02%	0.02%
FDX	B	0.13%	0.2%	0.13%
FI	A	0.25%	0.37%	0.25%
FSLR	F	0.96%	0.06%	0.06%
GL	B	0.21%	0.03%	0.03%
GTLS	B	0.18%	0.02%	0.02%
HIG	B	0.2%	0.1%	0.1%
HQY	B	0.17%	0.02%	0.02%
IBM	C	1.02%	0.58%	0.58%
ICE	C	0.2%	0.27%	0.2%
IDXX	F	0.11%	0.1%	0.1%
INTC	D	1.31%	0.32%	0.32%
IQV	D	0.11%	0.11%	0.11%
ITRI	B	1.19%	0.02%	0.02%
LEA	D	0.28%	0.02%	0.02%
LECO	B	0.14%	0.03%	0.03%
LOW	D	0.35%	0.47%	0.35%
MAR	B	0.39%	0.2%	0.2%
MCO	B	0.2%	0.23%	0.2%
MKTX	D	0.2%	0.03%	0.03%
MSI	B	1.18%	0.25%	0.25%
NFLX	A	0.73%	1.08%	0.73%
NOW	A	1.27%	0.65%	0.65%
NRG	B	0.06%	0.06%	0.06%
NVDA	C	1.44%	10.49%	1.44%
OGN	D	0.09%	0.01%	0.01%
PAYC	B	0.18%	0.03%	0.03%
PCTY	B	0.16%	0.03%	0.03%
PEN	B	0.16%	0.03%	0.03%
PEP	F	0.26%	0.69%	0.26%
PH	A	0.15%	0.27%	0.15%
PODD	C	0.15%	0.06%	0.06%
PRU	A	0.23%	0.14%	0.14%
PVH	C	0.34%	0.02%	0.02%
PWR	A	0.16%	0.14%	0.14%
REXR	F	0.08%	0.03%	0.03%
RHP	B	0.1%	0.02%	0.02%
RNR	C	0.2%	0.04%	0.04%
RPRX	D	0.12%	0.03%	0.03%
RSG	A	0.12%	0.13%	0.12%
SPG	B	0.1%	0.17%	0.1%
SPGI	C	0.2%	0.48%	0.2%
STE	F	0.12%	0.07%	0.07%
SWX	B	0.05%	0.01%	0.01%
SYK	C	0.14%	0.42%	0.14%
T	A	0.64%	0.48%	0.48%
TGT	F	0.28%	0.21%	0.21%
TMO	F	0.11%	0.62%	0.11%
TMUS	B	0.72%	0.35%	0.35%
TRV	B	0.22%	0.18%	0.18%
TT	A	0.15%	0.28%	0.15%
UNH	C	0.13%	1.66%	0.13%
V	A	0.22%	1.56%	0.22%
VRSN	F	1.03%	0.05%	0.05%
VRTX	F	0.13%	0.38%	0.13%
WAB	B	0.15%	0.1%	0.1%
WELL	A	0.1%	0.25%	0.1%
WHR	B	0.37%	0.02%	0.02%
WST	C	0.14%	0.07%	0.07%
WY	D	0.09%	0.07%	0.07%
XPO	B	0.18%	0.05%	0.05%
XYL	D	0.12%	0.09%	0.09%

OPTZ Overweight 215 Positions Relative to CDEI

Symbol	Grade	Weight
APP	B	2.03%
TTMI	B	1.36%
GDDY	A	1.27%
FFIV	B	1.25%
QLYS	C	1.22%
CDNS	B	1.21%
BHE	B	1.2%
SNPS	B	1.16%
WIX	B	1.15%
INFN	C	1.11%
VZIO	A	1.04%
AMAT	F	1.0%
ROP	B	1.0%
DJT	C	0.93%
LUMN	C	0.83%
IDCC	A	0.78%
ACLS	F	0.78%
RNG	B	0.72%
ZM	B	0.71%
META	D	0.65%
EAT	A	0.55%
CVNA	B	0.55%
AMC	C	0.54%
NPAB	B	0.52%
TSLA	B	0.49%
WWW	B	0.48%
NCLH	B	0.48%
RCL	A	0.47%
COIN	C	0.42%
HBI	B	0.42%
WOOF	D	0.42%
UNFI	A	0.41%
RL	B	0.39%
LULU	C	0.39%
SIG	B	0.39%
AMZN	C	0.38%
LVS	C	0.38%
GRMN	B	0.37%
ANF	C	0.36%
SBH	C	0.36%
WYNN	D	0.36%
BZH	B	0.35%
PCT	C	0.34%
FIVE	F	0.34%
DPZ	C	0.34%
ORLY	B	0.34%
ALV	C	0.33%
TAP	C	0.32%
MCD	D	0.32%
CHDN	B	0.32%
APO	B	0.31%
YETI	C	0.31%
ENR	B	0.31%
CHD	B	0.3%
ULTA	F	0.3%
ROST	C	0.29%
GPC	D	0.29%
COST	B	0.29%
LC	A	0.28%
LNW	D	0.28%
DOLE	D	0.27%
SQ	B	0.27%
MELI	D	0.27%
WBA	F	0.27%
STZ	D	0.27%
ODP	F	0.27%
AX	A	0.26%
DAN	D	0.26%
GS	A	0.25%
KKR	A	0.25%
CAL	D	0.25%
BG	F	0.25%
TROW	B	0.24%
ARES	A	0.24%
BLK	C	0.24%
BHF	B	0.24%
CINF	A	0.23%
AGO	B	0.23%
EWTX	C	0.23%
AIZ	A	0.23%
CPAY	A	0.23%
PRG	C	0.22%
SIGI	C	0.22%
GPN	B	0.22%
WTW	B	0.22%
LBPH	A	0.22%
NATL	B	0.21%
PGR	A	0.21%
AXON	A	0.21%
VRT	B	0.21%
AER	B	0.21%
BFH	B	0.21%
MSCI	C	0.21%
BRO	B	0.21%
LDI	C	0.2%
STRL	B	0.2%
CRS	A	0.2%
GATO	D	0.2%
ZIM	C	0.2%
NAVI	C	0.19%
PMT	D	0.19%
CB	C	0.19%
FIX	A	0.18%
APD	A	0.18%
VMC	B	0.18%
LPX	B	0.18%
EXP	A	0.18%
SKYW	B	0.18%
JBLU	F	0.17%
AVNT	B	0.17%
MLM	B	0.17%
HASI	D	0.17%
EMN	D	0.16%
SHW	A	0.16%
ACHR	B	0.16%
INCY	C	0.16%
VERA	B	0.16%
GNRC	B	0.16%
HON	B	0.15%
HUBB	B	0.15%
ESTC	C	0.15%
GFF	A	0.15%
ISRG	A	0.15%
PCAR	B	0.15%
PEGA	A	0.15%
JAZZ	B	0.15%
URI	B	0.15%
TPC	C	0.15%
SAIA	B	0.15%
CLOV	D	0.15%
PNR	A	0.15%
PHIN	A	0.14%
THC	D	0.14%
STGW	B	0.14%
COR	B	0.14%
ZBH	C	0.14%
MRC	B	0.14%
DGX	A	0.14%
UTHR	C	0.14%
CAH	B	0.14%
LIVN	F	0.14%
AKRO	B	0.14%
REVG	B	0.14%
LIN	D	0.14%
DVA	B	0.14%
CAT	B	0.14%
WDAY	B	0.13%
BV	B	0.13%
VRSK	A	0.13%
NBIX	C	0.13%
SAVA	D	0.13%
OSK	B	0.13%
PBI	B	0.13%
WWD	B	0.13%
MANH	D	0.13%
AHCO	F	0.12%
SHC	F	0.12%
AOS	F	0.12%
KRYS	B	0.12%
MOH	F	0.12%
ETNB	C	0.12%
DAWN	F	0.12%
COGT	D	0.11%
SRPT	D	0.11%
SNDX	F	0.11%
KURA	F	0.11%
VNO	B	0.11%
BA	F	0.11%
UHS	D	0.11%
DYN	F	0.11%
UNIT	B	0.1%
CGEM	F	0.1%
LNTH	D	0.1%
EXPI	C	0.1%
CBRE	B	0.1%
OMI	F	0.1%
HII	D	0.09%
CPT	B	0.09%
PEB	D	0.09%
NEXT	B	0.09%
PK	B	0.09%
CE	F	0.09%
LAMR	D	0.09%
SBRA	C	0.09%
NMRK	B	0.09%
NVRI	F	0.08%
RDFN	D	0.08%
SBAC	D	0.08%
EGP	F	0.08%
TDW	F	0.08%
ICLR	D	0.08%
PRIM	A	0.08%
CEG	D	0.07%
KNTK	B	0.07%
WMB	A	0.07%
BKD	D	0.07%
TRGP	B	0.07%
DTM	B	0.07%
ATO	A	0.06%
WKC	D	0.06%
ETR	B	0.06%
SLB	C	0.06%
OII	B	0.06%
WHD	B	0.06%
FTI	A	0.06%
SANA	F	0.06%
EIX	B	0.05%
VAL	D	0.05%
DUK	C	0.05%
APA	D	0.05%
SO	D	0.05%
WFRD	D	0.05%
DK	C	0.05%
NFE	D	0.04%
HE	C	0.04%

OPTZ Underweight 264 Positions Relative to CDEI

Symbol	Grade	Weight
MSFT	F	-9.49%
GOOGL	C	-5.91%
AVGO	D	-2.36%
JPM	A	-2.08%
LLY	F	-2.03%
MA	C	-1.3%
HD	A	-1.22%
WMT	A	-1.11%
BAC	A	-0.94%
ABBV	D	-0.91%
MRK	F	-0.76%
KO	D	-0.74%
CSCO	B	-0.7%
ACN	C	-0.69%
ABT	B	-0.6%
INTU	C	-0.58%
QCOM	F	-0.55%
VZ	C	-0.52%
BKNG	A	-0.51%
DHR	F	-0.48%
AMGN	D	-0.48%
NEE	D	-0.47%
PFE	D	-0.45%
UNP	C	-0.43%
TJX	A	-0.41%
BSX	B	-0.39%
C	A	-0.39%
PANW	C	-0.38%
ADP	B	-0.37%
BMY	B	-0.36%
SCHW	B	-0.36%
GILD	C	-0.35%
MMC	B	-0.33%
MU	D	-0.33%
SBUX	A	-0.33%
MDT	D	-0.33%
ADI	D	-0.32%
DE	A	-0.3%
ELV	F	-0.29%
LRCX	F	-0.29%
PYPL	B	-0.27%
WM	A	-0.27%
CI	F	-0.27%
APH	A	-0.26%
MDLZ	F	-0.26%
REGN	F	-0.25%
USB	A	-0.24%
AON	A	-0.24%
ZTS	D	-0.24%
EMR	A	-0.22%
COF	B	-0.21%
BDX	F	-0.2%
ADSK	A	-0.2%
TFC	A	-0.19%
CARR	D	-0.19%
HLT	A	-0.18%
FICO	B	-0.17%
TTD	B	-0.17%
JCI	C	-0.17%
BK	A	-0.17%
SRE	A	-0.17%
FIS	C	-0.15%
AIG	B	-0.15%
O	D	-0.15%
CMI	A	-0.15%
MET	A	-0.15%
CPRT	A	-0.15%
CCI	D	-0.14%
FAST	B	-0.14%
IR	B	-0.13%
KR	B	-0.13%
PEG	A	-0.13%
DFS	B	-0.13%
KMB	D	-0.13%
EXC	C	-0.12%
XEL	A	-0.12%
YUM	B	-0.12%
EW	C	-0.12%
TEAM	A	-0.12%
OTIS	C	-0.12%
IT	C	-0.12%
HUBS	A	-0.11%
HPQ	B	-0.11%
KDP	D	-0.11%
GIS	D	-0.11%
SYY	B	-0.11%
A	D	-0.11%
FITB	A	-0.1%
NDAQ	A	-0.1%
ALNY	D	-0.1%
ROK	B	-0.1%
VEEV	C	-0.1%
ON	D	-0.09%
TSCO	D	-0.09%
RJF	A	-0.09%
ANSS	B	-0.09%
CSGP	D	-0.09%
EBAY	D	-0.09%
CNC	D	-0.09%
HBAN	A	-0.08%
AWK	D	-0.08%
SYF	B	-0.08%
VTR	C	-0.08%
HSY	F	-0.08%
FTV	C	-0.08%
TYL	B	-0.08%
HPE	B	-0.08%
ES	D	-0.07%
WAT	B	-0.07%
LPLA	A	-0.07%
BIIB	F	-0.07%
RF	A	-0.07%
NTAP	C	-0.07%
BBY	D	-0.06%
PFG	D	-0.06%
CMS	C	-0.06%
ZBRA	B	-0.06%
OMC	C	-0.06%
CLX	B	-0.06%
STX	D	-0.06%
IFF	D	-0.06%
CFG	B	-0.06%
NTRS	A	-0.06%
K	A	-0.06%
WDC	D	-0.06%
RGA	A	-0.05%
EL	F	-0.05%
Z	A	-0.05%
EQH	B	-0.05%
LNT	A	-0.05%
USFD	A	-0.05%
NTNX	A	-0.05%
KIM	A	-0.05%
GEN	B	-0.05%
TWLO	A	-0.05%
OC	A	-0.05%
DG	F	-0.05%
EXPD	D	-0.05%
TER	D	-0.05%
TRMB	B	-0.05%
MAS	D	-0.05%
PINS	D	-0.05%
IEX	B	-0.05%
HOLX	D	-0.05%
WSO	A	-0.05%
KEY	B	-0.05%
DAY	B	-0.04%
SCI	B	-0.04%
JEF	A	-0.04%
HST	C	-0.04%
NVT	B	-0.04%
ALLE	D	-0.04%
ITT	A	-0.04%
JLL	D	-0.04%
JKHY	D	-0.04%
JNPR	F	-0.04%
CLH	B	-0.04%
PFGC	B	-0.04%
AKAM	D	-0.04%
SWK	D	-0.04%
CAG	D	-0.04%
UNM	A	-0.04%
TXRH	C	-0.04%
POOL	C	-0.04%
MRNA	F	-0.04%
EPAM	C	-0.04%
AVTR	F	-0.04%
DT	C	-0.04%
DLTR	F	-0.04%
EWBC	A	-0.04%
SOFI	A	-0.04%
ACM	A	-0.04%
AMCR	D	-0.04%
CASY	A	-0.04%
TW	A	-0.04%
DOC	D	-0.04%
HSIC	B	-0.03%
CFR	B	-0.03%
TTC	D	-0.03%
MOS	F	-0.03%
MEDP	D	-0.03%
GPK	C	-0.03%
BILL	A	-0.03%
WTFC	A	-0.03%
BRX	A	-0.03%
ZION	B	-0.03%
SNX	C	-0.03%
AAON	B	-0.03%
ORI	A	-0.03%
MORN	B	-0.03%
CMA	A	-0.03%
TPX	B	-0.03%
FBIN	D	-0.03%
PRI	A	-0.03%
CIEN	B	-0.03%
OHI	C	-0.03%
AFG	A	-0.03%
CUBE	D	-0.03%
CCK	C	-0.03%
TTEK	F	-0.03%
IPG	D	-0.03%
BLD	D	-0.03%
SJM	D	-0.03%
RDN	C	-0.02%
INSP	D	-0.02%
GATX	A	-0.02%
BC	C	-0.02%
APPF	B	-0.02%
THO	B	-0.02%
BCPC	B	-0.02%
SUM	B	-0.02%
LNC	B	-0.02%
JHG	A	-0.02%
BPMC	C	-0.02%
IDA	A	-0.02%
LYFT	C	-0.02%
MTG	C	-0.02%
SAIC	F	-0.02%
FAF	A	-0.02%
MTH	D	-0.02%
MAT	D	-0.02%
AWI	A	-0.02%
DBX	B	-0.02%
MTN	C	-0.02%
BMI	B	-0.02%
AZEK	A	-0.02%
ALK	C	-0.02%
HALO	F	-0.02%
BBWI	D	-0.02%
FMC	D	-0.02%
H	B	-0.02%
CADE	B	-0.02%
ATI	D	-0.02%
ELAN	D	-0.02%
ONB	B	-0.02%
FCN	D	-0.02%
PARA	C	-0.02%
EXLS	B	-0.02%
MIDD	C	-0.02%
BIO	D	-0.02%
CVLT	B	-0.02%
G	B	-0.02%
VFC	C	-0.02%
RHI	B	-0.02%
TREX	C	-0.02%
MKSI	C	-0.02%
NNN	D	-0.02%
BWA	D	-0.02%
SNV	B	-0.02%
SKX	D	-0.02%
AGR	B	-0.01%
COLM	B	-0.01%
CWEN	C	-0.01%
TNET	D	-0.01%
CHH	A	-0.01%
FELE	B	-0.01%
FLO	D	-0.01%
M	D	-0.01%
SLGN	A	-0.01%
CELH	F	-0.01%
POR	C	-0.01%
MMS	F	-0.01%
TENB	C	-0.01%
SON	D	-0.01%