The example is false because that's not how you would write an expression template for given computation so the question being how is it that the optimizer is not involved is also not quite set in the correct context so I can't give you an answer for that. Of course that the optimizer is generally going to be involved, as it is for all the code and not the expression templates, but expression templates do not require the optimizer in the way you're trying to suggest. Expression templates do not rely on O1, O2 or O3 levels being set - they work the same way in O0 too and that may be the hint you were looking for.