FTGS vs. OALC
Compare and contrast key facts about First Trust Growth Strength ETF (FTGS) and OneAscent Large Cap Core ETF (OALC).
FTGS and OALC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTGS is a passively managed fund by First Trust that tracks the performance of the The Growth Strength Index - Benchmark TR Gross. It was launched on Oct 25, 2022. OALC is an actively managed fund by Oneascent. It was launched on Nov 15, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTGS or OALC.
Key characteristics
| FTGS | OALC | |
|---|---|---|
| YTD Return | 12.98% | 14.77% |
| 1Y Return | 27.85% | 24.43% |
| Sharpe Ratio | 1.84 | 1.90 |
| Daily Std Dev | 15.07% | 12.84% |
| Max Drawdown | -9.50% | -26.82% |
| Current Drawdown | -3.33% | -0.93% |
Correlation
The correlation between FTGS and OALC is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FTGS vs. OALC - Performance Comparison
In the year-to-date period, FTGS achieves a 12.98% return, which is significantly lower than OALC's 14.77% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FTGS vs. OALC - Expense Ratio Comparison
FTGS has a 0.60% expense ratio, which is higher than OALC's 0.49% expense ratio.
Risk-Adjusted Performance
FTGS vs. OALC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Growth Strength ETF (FTGS) and OneAscent Large Cap Core ETF (OALC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
FTGS vs. OALC - Dividend Comparison
FTGS's dividend yield for the trailing twelve months is around 0.35%, which matches OALC's 0.35% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
FTGS First Trust Growth Strength ETF | 0.35% | 0.62% | 0.21% | 0.00% |
OALC OneAscent Large Cap Core ETF | 0.35% | 0.40% | 0.40% | 0.06% |
Drawdowns
FTGS vs. OALC - Drawdown Comparison
The maximum FTGS drawdown since its inception was -9.50%, smaller than the maximum OALC drawdown of -26.82%. Use the drawdown chart below to compare losses from any high point for FTGS and OALC. For additional features, visit the drawdowns tool.
Volatility
FTGS vs. OALC - Volatility Comparison
First Trust Growth Strength ETF (FTGS) has a higher volatility of 4.55% compared to OneAscent Large Cap Core ETF (OALC) at 4.15%. This indicates that FTGS's price experiences larger fluctuations and is considered to be riskier than OALC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.