VOL. XCIV, NO. 247
BEST INVESTING TOOLS COMPARISON
Source checks: okama checked August 23, 2026 · Optuma checked September 5, 2026
Tool Comparison
okama vs Optuma
Pick okama if
okama
Free · Web · API
- You'd rather start free and only pay if you outgrow it
- You want an API so you can script or automate things
- You care about risk metrics, monte carlo, and APIs & data feeds, things Optuma doesn't offer
Pick Optuma if
Optuma
From $810/yr · Desktop
- Delayed quotes won't cut it; you need real-time data
- You care about stock comparison, ETF comparison, and screeners, things okama doesn't offer
Skip both if: Neither one clicks with how you research; there are strong third options.
See alternativesOutbound links may include affiliate or sponsor codes.
Our take
The bottom line
okama and Optuma cover a lot of the same ground (5 shared categories, including quant, data visualizations, and portfolio), so for the basics you won't go far wrong with either. The real difference is focus: only okama gives you risk metrics and monte carlo, and only Optuma gives you stock comparison and ETF comparison.
What readers say
okama
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Optuma
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Key differences at a glance
- Free plan
- okama
- Free trial
- Optuma14 days
- Desktop app
- Optuma
- API access
- okama
- Real-time data
- Optuma
- Asset coverage
- OptumaAdds futures and cryptos
See for yourself
How they stack up
The side-by-side table: pricing, platforms, data, and coverage at a glance.ShowHide
How they stack up
The side-by-side table: pricing, platforms, data, and coverage at a glance.| Attribute | ||
|---|---|---|
| Pricing & plans | ||
Starting price | Free | From $810/yr |
Free tier | Yes | No |
Free trial | — | 14 days |
| Platforms & access | ||
Web app | Yes | No |
Desktop app | No | Yes |
Mobile app | No | No |
API access | Yes | No |
Broker sync | No | No |
Integrations | — | Bloomberg |
| Audience & fit | ||
Experience level | Beginner, Intermediate, Advanced | Intermediate, Advanced |
Best for | — | Pro Retail, Analysts +3 more |
Categories covered | 10 | 10 |
Regions | North America, Europe, APAC, Middle East | North America, Europe, APAC, LatAm, Middle East, Africa |
| Data & capabilities | ||
Data quality | 3 signals: Latency: End of Day and 15-min Delayed, Granularity: EOD +1 more | 3 signals: Latency: Real-time and End of Day, Granularity: Minute and EOD +1 more |
Data partners | — | RRG Research and Bloomberg |
Capabilities | 4 signals: VaR/ES, Monte Carlo +2 more | 9 signals: Custom formulas, Ranking backtests +7 more |
| Try it | Visit okama | Visit Optuma |
Where each one shines
What okama and Optuma each do best.ShowHide
Where each one shines
What okama and Optuma each do best.What okama does best
- Web widgets for efficient frontier visualization, asset comparison, and adjusted monthly portfolio risk/return analysis.
- Python tools for constrained mean-variance optimization, multi-period efficient frontiers, rebalancing constraints, and portfolio simulations.
- Risk analysis with VaR, CVaR, semideviation, drawdowns, volatility, correlations, and related statistics.
- Monte Carlo simulations and wealth-index forecasts with percentile bands.
- Contribution and withdrawal modeling for portfolio paths and retirement scenarios.
What Optuma does best
- Build static or animated RRGs for securities, indices, asset classes, custom lists, and portfolios.
- Change tail length, comparison index, history, and daily, weekly, or monthly timeframes in RRG Lite.
- Use price-weighted, cap-weighted, selected-index, or fixed annual-return comparisons.
- Higher service levels add one-minute intraday and Forex RRGs, scripting, filters, scans, quantitative tests, and quadrant-colored bars.
- Connect a real-time provider for live intraday RRGs or use included and optional end-of-day market data.
Every detail we compared
Every tracked attribute for okama and Optuma, side by side.ShowHide
Every detail we compared
Every tracked attribute for okama and Optuma, side by side.| Attribute | ||
|---|---|---|
| Coverage & fit | ||
Asset types | StocksETFsCommoditiesCurrenciesMutual Funds | StocksETFsMutual FundsCurrenciesCommoditiesFuturesCryptosOther |
Experience | BeginnerIntermediateAdvanced | IntermediateAdvanced |
Target audience | Not specified | Pro RetailAnalystsQuants/DevelopersAsset ManagersHedge Funds |
Regions | North AmericaEuropeAPACMiddle East | North AmericaEuropeAPACLatAmMiddle EastAfrica |
Coverage details | Identifiers: Ticker | Identifiers: Ticker |
| Data | ||
Data freshness | End of Day15-min Delayed | Real-timeEnd of Day |
Data granularity | EOD | MinuteEOD |
Data partners | Not specified | RRG ResearchBloomberg |
| Access & integrations | ||
API protocols | REST | Not specified |
API auth & delivery | Auth: NoneSDKs: Python | Not specified |
Import methods | Not specified | CSVManual |
Integrations | Not specified | Bloomberg |
Export formats | Not specified | ImagePDF |
| Plans & trust | ||
Capability signals | VaR/ESMonte CarloRebalancingCorrelation | Custom formulasRanking backtestsUniverse builderFactors: Value, Quality, Momentum, Growth, LowVol, and SizeFactor exposurePerformance attributionPortfolio attributionPortfolio factor exposure+1 more |
Vendor & support | MBK Development LLCSupport: Forum | Optuma Pty LtdCountry: AUSupport: Email and Forum |
Curation ratings | Methodology 4/5Reliability 4/5UX 3/5 | Not specified |
Green tags are exclusive to that tool in this comparison.
What you'll actually pay
Plans, billing, trials, and per-month pricing for both tools.ShowHide
What you'll actually pay
Plans, billing, trials, and per-month pricing for both tools.| Tier | ||
|---|---|---|
| Free plan | Free | — |
| Entry paid plan | — | $810/yr≈ $67.50/mo“Trader Services — annual renewal” |
| Tier 2 | — | $75/mo“Trader Services — monthly renewal” |
| Top plan | — | $995/yr“Trader Services — first 12 months” |
| Free trial | — | 14 days |
Questions we keep getting
What's the difference between okama and Optuma?
okama leans toward quant, data visualizations, and portfolio, while Optuma puts more weight on data visualizations, stock comparison, and ETF comparison. They overlap in 5 categories, so for most people it comes down to workflow preference and price.
Is okama or Optuma free to use?
okama has a free tier, so you can get started without paying anything. Optuma is paid-only. If budget matters, start with okama and see how far it takes you before opening your wallet.
Which is better for beginners: okama or Optuma?
okama is the friendlier place to start; its interface takes less getting used to. Both work fine once you're past the basics.
Does okama or Optuma have an API?
okama has an API for programmatic access and custom integrations. Optuma doesn't, so you're working through its interface.
Should I choose okama or Optuma?
It depends on what you're after. Pick okama if risk metrics and monte carlo matter to you; go with Optuma if you'd rather have stock comparison and ETF comparison. And if you only need the basics both share, let price decide.
What asset classes do okama and Optuma cover?
Both cover stocks, ETFs, commodities, and currencies. Optuma adds futures, cryptos, and other on top.
Does okama or Optuma have real-time data?
Optuma offers real-time data, which matters if you trade actively. okama runs on delayed or end-of-day data, which is perfectly fine for longer-term investors who don't live and die by the tick.
Which has a better stock screener: okama or Optuma?
Optuma has a stock screener for surfacing ideas; okama doesn't, and focuses its energy elsewhere.
Can I track my portfolio with okama or Optuma?
Yes, both do portfolio tracking: holdings, performance, and allocation in one place.
Keep researching
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Curation & Accuracy
This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).
Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.