OPTZ vs. IBBQ ETF Comparison
Comparison of Optimize Strategy Index ETF (OPTZ) to Invesco Nasdaq Biotechnology ETF (IBBQ)
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
IBBQ
Invesco Nasdaq Biotechnology ETF
IBBQ Description
The investment seeks to track the investment results (before fees and expenses) of the Nasdaq Biotechnology Index ®. The fund generally will invest at least 90% of its total assets in the securities that comprise the index. Strictly in accordance with its guidelines and mandated procedures, Nasdaq compiles the underlying index, which is a modified market capitalization weighted index that is designed to measure the performance of securities listed on the Nasdaq Stock Market that are classified as either biotechnology or pharmaceutical companies. The index may include securities of large-, mid- and small-capitalization companies. The fund is non-diversified.Grade (RS Rating)
Last Trade
$22.64
Average Daily Volume
17,660
Number of Holdings
*
195
* may have additional holdings in another (foreign) market
Performance
| Period | OPTZ | IBBQ |
|---|---|---|
| 30 Days | 8.47% | -3.74% |
| 60 Days | 9.68% | -5.07% |
| 90 Days | 11.36% | -7.33% |
| 12 Months | 19.53% |
19 Overlapping Holdings
| Symbol | Grade | Weight in OPTZ | Weight in IBBQ | Overlap | |
|---|---|---|---|---|---|
| AKRO | B | 0.14% | 0.21% | 0.14% | |
| CGEM | F | 0.1% | 0.09% | 0.09% | |
| COGT | D | 0.11% | 0.1% | 0.1% | |
| DAWN | F | 0.12% | 0.14% | 0.12% | |
| DYN | F | 0.11% | 0.31% | 0.11% | |
| ETNB | C | 0.12% | 0.09% | 0.09% | |
| EWTX | C | 0.23% | 0.32% | 0.23% | |
| INCY | C | 0.16% | 1.58% | 0.16% | |
| JAZZ | B | 0.15% | 0.81% | 0.15% | |
| KRYS | B | 0.12% | 0.53% | 0.12% | |
| KURA | F | 0.11% | 0.13% | 0.11% | |
| NBIX | C | 0.13% | 1.28% | 0.13% | |
| RPRX | D | 0.12% | 1.24% | 0.12% | |
| SANA | F | 0.06% | 0.06% | 0.06% | |
| SNDX | F | 0.11% | 0.14% | 0.11% | |
| SRPT | D | 0.11% | 1.08% | 0.11% | |
| UTHR | C | 0.14% | 1.75% | 0.14% | |
| VERA | B | 0.16% | 0.27% | 0.16% | |
| VRTX | F | 0.13% | 8.34% | 0.13% |
OPTZ Overweight 302 Positions Relative to IBBQ
| Symbol | Grade | Weight | |
|---|---|---|---|
| APP | B | 2.03% | |
| NVDA | C | 1.44% | |
| CRWD | B | 1.37% | |
| CRM | B | 1.37% | |
| TTMI | B | 1.36% | |
| INTC | D | 1.31% | |
| DELL | C | 1.29% | |
| GDDY | A | 1.27% | |
| NOW | A | 1.27% | |
| FFIV | B | 1.25% | |
| ANET | C | 1.24% | |
| QLYS | C | 1.22% | |
| CDNS | B | 1.21% | |
| BHE | B | 1.2% | |
| ITRI | B | 1.19% | |
| MSI | B | 1.18% | |
| SNPS | B | 1.16% | |
| WIX | B | 1.15% | |
| INFN | C | 1.11% | |
| AAPL | C | 1.06% | |
| VZIO | A | 1.04% | |
| AMD | F | 1.03% | |
| VRSN | F | 1.03% | |
| BAH | F | 1.02% | |
| IBM | C | 1.02% | |
| AMAT | F | 1.0% | |
| ROP | B | 1.0% | |
| FSLR | F | 0.96% | |
| DJT | C | 0.93% | |
| LUMN | C | 0.83% | |
| CRUS | D | 0.8% | |
| IDCC | A | 0.78% | |
| ACLS | F | 0.78% | |
| DIS | B | 0.77% | |
| NFLX | A | 0.73% | |
| TMUS | B | 0.72% | |
| RNG | B | 0.72% | |
| ZM | B | 0.71% | |
| EA | A | 0.66% | |
| META | D | 0.65% | |
| CMCSA | B | 0.64% | |
| T | A | 0.64% | |
| 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% | |
| MAR | B | 0.39% | |
| DECK | A | 0.39% | |
| AMZN | C | 0.38% | |
| LVS | C | 0.38% | |
| WHR | B | 0.37% | |
| GRMN | B | 0.37% | |
| ANF | C | 0.36% | |
| SBH | C | 0.36% | |
| WYNN | D | 0.36% | |
| BZH | B | 0.35% | |
| LOW | D | 0.35% | |
| PCT | C | 0.34% | |
| FIVE | F | 0.34% | |
| DPZ | C | 0.34% | |
| PVH | C | 0.34% | |
| ORLY | B | 0.34% | |
| ALV | C | 0.33% | |
| BURL | A | 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% | |
| ETSY | D | 0.3% | |
| CHD | B | 0.3% | |
| ULTA | F | 0.3% | |
| ROST | C | 0.29% | |
| DKS | C | 0.29% | |
| GPC | D | 0.29% | |
| COST | B | 0.29% | |
| LC | A | 0.28% | |
| LEA | D | 0.28% | |
| TGT | F | 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% | |
| PEP | F | 0.26% | |
| CVS | D | 0.26% | |
| APTV | D | 0.25% | |
| CL | D | 0.25% | |
| GS | A | 0.25% | |
| KKR | A | 0.25% | |
| FI | A | 0.25% | |
| AMP | A | 0.25% | |
| CAL | D | 0.25% | |
| BG | F | 0.25% | |
| TROW | B | 0.24% | |
| ARES | A | 0.24% | |
| AXP | A | 0.24% | |
| CROX | D | 0.24% | |
| BLK | C | 0.24% | |
| BHF | B | 0.24% | |
| CINF | A | 0.23% | |
| AGO | B | 0.23% | |
| PRU | A | 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% | |
| COOP | B | 0.22% | |
| LBPH | A | 0.22% | |
| BR | A | 0.22% | |
| V | A | 0.22% | |
| TRV | B | 0.22% | |
| NATL | B | 0.21% | |
| GL | 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% | |
| ALL | A | 0.21% | |
| LDI | C | 0.2% | |
| ICE | C | 0.2% | |
| STRL | B | 0.2% | |
| MKTX | D | 0.2% | |
| CME | A | 0.2% | |
| SPGI | C | 0.2% | |
| HIG | B | 0.2% | |
| CRS | A | 0.2% | |
| MCO | B | 0.2% | |
| GATO | D | 0.2% | |
| RNR | C | 0.2% | |
| ZIM | C | 0.2% | |
| NAVI | C | 0.19% | |
| ACGL | D | 0.19% | |
| DAL | C | 0.19% | |
| PMT | D | 0.19% | |
| CBOE | B | 0.19% | |
| CB | C | 0.19% | |
| FIX | A | 0.18% | |
| APD | A | 0.18% | |
| VMC | B | 0.18% | |
| EME | C | 0.18% | |
| GTLS | B | 0.18% | |
| PAYC | B | 0.18% | |
| XPO | B | 0.18% | |
| LPX | B | 0.18% | |
| EXP | A | 0.18% | |
| SKYW | B | 0.18% | |
| HQY | B | 0.17% | |
| JBLU | F | 0.17% | |
| AVNT | B | 0.17% | |
| MLM | B | 0.17% | |
| HASI | D | 0.17% | |
| PEN | B | 0.16% | |
| EMN | D | 0.16% | |
| SHW | A | 0.16% | |
| DOCU | A | 0.16% | |
| PCTY | B | 0.16% | |
| PWR | A | 0.16% | |
| AIT | A | 0.16% | |
| ACHR | B | 0.16% | |
| GNRC | B | 0.16% | |
| HON | B | 0.15% | |
| ECL | D | 0.15% | |
| HUBB | B | 0.15% | |
| ESTC | C | 0.15% | |
| GFF | A | 0.15% | |
| ISRG | A | 0.15% | |
| TT | A | 0.15% | |
| ETN | A | 0.15% | |
| PCAR | B | 0.15% | |
| PEGA | A | 0.15% | |
| WAB | B | 0.15% | |
| PH | A | 0.15% | |
| URI | B | 0.15% | |
| TPC | C | 0.15% | |
| SAIA | B | 0.15% | |
| PODD | C | 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% | |
| WST | C | 0.14% | |
| LECO | B | 0.14% | |
| CAH | B | 0.14% | |
| LIVN | F | 0.14% | |
| REVG | B | 0.14% | |
| LIN | D | 0.14% | |
| DVA | B | 0.14% | |
| SYK | C | 0.14% | |
| CAT | B | 0.14% | |
| UNH | C | 0.13% | |
| WDAY | B | 0.13% | |
| BV | B | 0.13% | |
| VRSK | A | 0.13% | |
| ALGN | D | 0.13% | |
| FDX | B | 0.13% | |
| SAVA | D | 0.13% | |
| OSK | B | 0.13% | |
| PBI | B | 0.13% | |
| WWD | B | 0.13% | |
| ASH | D | 0.13% | |
| MANH | D | 0.13% | |
| AHCO | F | 0.12% | |
| SHC | F | 0.12% | |
| AOS | F | 0.12% | |
| MOH | F | 0.12% | |
| XYL | D | 0.12% | |
| STE | F | 0.12% | |
| RSG | A | 0.12% | |
| IQV | D | 0.11% | |
| EFX | F | 0.11% | |
| BAX | D | 0.11% | |
| DLR | B | 0.11% | |
| VNO | B | 0.11% | |
| BA | F | 0.11% | |
| ADBE | C | 0.11% | |
| TMO | F | 0.11% | |
| UHS | D | 0.11% | |
| IDXX | F | 0.11% | |
| UNIT | B | 0.1% | |
| EQIX | A | 0.1% | |
| RHP | B | 0.1% | |
| WELL | A | 0.1% | |
| SPG | B | 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% | |
| ELS | C | 0.09% | |
| PK | B | 0.09% | |
| CE | F | 0.09% | |
| LAMR | D | 0.09% | |
| WY | D | 0.09% | |
| SBRA | C | 0.09% | |
| OGN | D | 0.09% | |
| NMRK | B | 0.09% | |
| REXR | F | 0.08% | |
| 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% | |
| BKR | B | 0.07% | |
| WMB | A | 0.07% | |
| BKD | D | 0.07% | |
| AMT | 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% | |
| NRG | B | 0.06% | |
| EIX | B | 0.05% | |
| VAL | D | 0.05% | |
| DUK | C | 0.05% | |
| DTE | C | 0.05% | |
| APA | D | 0.05% | |
| SO | D | 0.05% | |
| WFRD | D | 0.05% | |
| DK | C | 0.05% | |
| SWX | B | 0.05% | |
| AES | F | 0.04% | |
| NFE | D | 0.04% | |
| HE | C | 0.04% |
OPTZ Underweight 176 Positions Relative to IBBQ
| Symbol | Grade | Weight | |
|---|---|---|---|
| GILD | C | -9.95% | |
| AMGN | D | -7.56% | |
| REGN | F | -5.67% | |
| AZN | D | -3.97% | |
| ALNY | D | -3.26% | |
| BIIB | F | -2.52% | |
| ILMN | D | -2.32% | |
| ARGX | A | -1.96% | |
| VTRS | A | -1.65% | |
| MRNA | F | -1.53% | |
| SNY | F | -1.51% | |
| SMMT | D | -1.43% | |
| BMRN | D | -1.3% | |
| INSM | C | -1.23% | |
| EXEL | B | -1.06% | |
| BNTX | D | -1.05% | |
| MEDP | D | -1.04% | |
| PCVX | D | -1.04% | |
| RVMD | C | -0.99% | |
| ITCI | C | -0.95% | |
| BGNE | D | -0.91% | |
| ROIV | C | -0.89% | |
| ASND | D | -0.79% | |
| MDGL | B | -0.67% | |
| CYTK | F | -0.64% | |
| HALO | F | -0.62% | |
| BPMC | C | -0.61% | |
| NUVL | D | -0.56% | |
| IONS | F | -0.54% | |
| RNA | D | -0.53% | |
| ACLX | C | -0.51% | |
| ALKS | B | -0.5% | |
| ADMA | B | -0.48% | |
| AXSM | B | -0.48% | |
| BBIO | F | -0.48% | |
| CRNX | C | -0.47% | |
| RARE | D | -0.44% | |
| CRSP | D | -0.43% | |
| IMVT | F | -0.42% | |
| GH | B | -0.39% | |
| DNLI | D | -0.39% | |
| RYTM | C | -0.37% | |
| LEGN | F | -0.34% | |
| MRUS | F | -0.34% | |
| APLS | D | -0.34% | |
| XENE | D | -0.33% | |
| AGIO | C | -0.33% | |
| PTCT | B | -0.32% | |
| FOLD | F | -0.31% | |
| VCYT | B | -0.3% | |
| ACAD | D | -0.3% | |
| KYMR | D | -0.29% | |
| SWTX | C | -0.29% | |
| VRNA | B | -0.28% | |
| VCEL | B | -0.28% | |
| IOVA | F | -0.27% | |
| JANX | C | -0.27% | |
| PTGX | C | -0.26% | |
| ARWR | F | -0.25% | |
| GERN | D | -0.24% | |
| IDYA | F | -0.24% | |
| MIRM | B | -0.23% | |
| SRRK | B | -0.23% | |
| KROS | D | -0.23% | |
| TWST | D | -0.23% | |
| AMPH | D | -0.23% | |
| LGND | B | -0.22% | |
| SUPN | C | -0.21% | |
| BEAM | D | -0.21% | |
| MNKD | C | -0.2% | |
| HRMY | D | -0.2% | |
| FTRE | D | -0.19% | |
| NVCR | C | -0.19% | |
| IRON | B | -0.19% | |
| RXRX | F | -0.18% | |
| TARS | B | -0.18% | |
| WVE | C | -0.18% | |
| ARVN | D | -0.17% | |
| DVAX | C | -0.17% | |
| BCRX | D | -0.16% | |
| NRIX | D | -0.16% | |
| ZLAB | C | -0.15% | |
| TVTX | B | -0.15% | |
| SPRY | D | -0.15% | |
| HROW | D | -0.15% | |
| MYGN | F | -0.15% | |
| NTLA | F | -0.15% | |
| OCUL | D | -0.15% | |
| XNCR | B | -0.15% | |
| RCKT | F | -0.14% | |
| AUPH | B | -0.13% | |
| ARDX | F | -0.13% | |
| NVAX | F | -0.13% | |
| INVA | D | -0.13% | |
| ANIP | F | -0.13% | |
| IMCR | D | -0.13% | |
| ARQT | C | -0.12% | |
| VIR | D | -0.12% | |
| CNTA | B | -0.12% | |
| ELVN | D | -0.12% | |
| GRFS | C | -0.12% | |
| COLL | F | -0.1% | |
| BCYC | F | -0.09% | |
| GMAB | F | -0.09% | |
| REPL | B | -0.08% | |
| ADPT | C | -0.08% | |
| PLRX | F | -0.08% | |
| ERAS | C | -0.08% | |
| PRTA | F | -0.08% | |
| EOLS | D | -0.08% | |
| PCRX | C | -0.08% | |
| ABCL | D | -0.08% | |
| CSTL | D | -0.08% | |
| AUTL | F | -0.07% | |
| MRVI | F | -0.07% | |
| AVXL | B | -0.07% | |
| IRWD | F | -0.07% | |
| RLAY | F | -0.07% | |
| ABUS | D | -0.07% | |
| HCM | D | -0.06% | |
| OLMA | F | -0.06% | |
| GLPG | D | -0.06% | |
| CVAC | F | -0.06% | |
| MLYS | F | -0.06% | |
| ANAB | F | -0.06% | |
| HUMA | F | -0.06% | |
| PHAT | F | -0.06% | |
| ORIC | F | -0.06% | |
| TSHA | C | -0.05% | |
| SIGA | F | -0.05% | |
| ARCT | F | -0.05% | |
| XERS | B | -0.05% | |
| PACB | F | -0.05% | |
| TERN | F | -0.05% | |
| RVNC | F | -0.05% | |
| FDMT | F | -0.05% | |
| OABI | F | -0.05% | |
| TBPH | C | -0.05% | |
| URGN | F | -0.05% | |
| ALLO | F | -0.05% | |
| RGNX | F | -0.05% | |
| SVRA | D | -0.05% | |
| EYPT | F | -0.05% | |
| YMAB | F | -0.05% | |
| PAHC | C | -0.05% | |
| MGTX | C | -0.05% | |
| THRD | D | -0.05% | |
| LXRX | F | -0.04% | |
| ALEC | F | -0.04% | |
| PRME | F | -0.04% | |
| VERV | F | -0.04% | |
| KALV | D | -0.04% | |
| PGEN | F | -0.03% | |
| BMEA | F | -0.03% | |
| ZNTL | F | -0.03% | |
| ATAI | C | -0.03% | |
| LYEL | F | -0.03% | |
| VNDA | C | -0.03% | |
| ITOS | F | -0.03% | |
| QURE | D | -0.03% | |
| VYGR | F | -0.03% | |
| SAGE | F | -0.03% | |
| ACIU | C | -0.03% | |
| ACRS | C | -0.02% | |
| CABA | F | -0.02% | |
| CRBU | F | -0.02% | |
| FULC | F | -0.02% | |
| AMRN | F | -0.02% | |
| EDIT | F | -0.02% | |
| MGNX | F | -0.02% | |
| BLUE | F | -0.01% | |
| ALXO | F | -0.01% | |
| OVID | F | -0.01% | |
| CHRS | D | -0.01% | |
| VTYX | F | -0.01% | |
| RAPT | F | -0.0% |
OPTZ: Top Represented Industries & Keywords
Industries:
Biotechnology
Software - Application
Specialty Retail
Business Services
Oil & Gas Equipment & Services
Diagnostics & Research
Diversified Industrials
Medical Devices
Telecom Services
Asset Management
Engineering & Construction
Insurance - Property & Casualty
Aerospace & Defense
Auto Parts
Building Materials
Capital Markets
Credit Services
Utilities - Regulated Electric
Chemicals
Footwear & Accessories
IBBQ: Top Represented Industries & Keywords
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