IAU vs. OALC
IAU (iShares Gold Trust) and OALC (OneAscent Large Cap Core ETF) are both exchange-traded funds - IAU is a Gold fund tracking the LBMA Gold Price, while OALC is a Large Cap Blend Equities fund actively managed by Oneascent. IAU is passively managed, while OALC is actively managed. Over the past 3 years, IAU returned 29.07%/yr vs 22.11%/yr for OALC. At a 0.14 correlation, their price movements are largely independent. IAU charges 0.25%/yr vs 0.49%/yr for OALC.
Performance
IAU vs. OALC - Performance Comparison
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Returns By Period
In the year-to-date period, IAU achieves a -2.44% return, which is significantly lower than OALC's 13.67% return.
IAU
- 1D
- 0.08%
- 1M
- -9.54%
- YTD
- -2.44%
- 6M
- -2.22%
- 1Y
- 22.32%
- 3Y*
- 29.07%
- 5Y*
- 17.23%
- 10Y*
- 12.31%
OALC
- 1D
- 0.66%
- 1M
- 0.55%
- YTD
- 13.67%
- 6M
- 14.16%
- 1Y
- 30.23%
- 3Y*
- 22.11%
- 5Y*
- —
- 10Y*
- —
IAU vs. OALC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IAU iShares Gold Trust | -2.44% | 63.95% | 26.85% | 12.84% | -0.63% | -1.81% |
OALC OneAscent Large Cap Core ETF | 13.67% | 20.36% | 19.64% | 22.03% | -18.08% | -0.32% |
Correlation
The correlation between IAU and OALC is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021 | 0.14 |
The correlation between IAU and OALC shifts across timeframes, from 0.14 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IAU vs. OALC — Risk / Return Rank
IAU
OALC
IAU vs. OALC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust (IAU) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IAU | OALC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 3.43 | -2.44 |
| Martin ratioReturn relative to average drawdown | 2.83 | 15.26 | -12.43 |
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Drawdowns
IAU vs. OALC - Drawdown Comparison
The maximum IAU drawdown since its inception was -45.14%, which is greater than OALC's maximum drawdown of -26.82%. Use the drawdown chart below to compare losses from any high point for IAU and OALC.
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Drawdown Indicators
| IAU | OALC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.14% | -26.82% | -18.32% |
Max Drawdown (1Y)Largest decline over 1 year | -24.40% | -8.42% | -15.98% |
Max Drawdown (3Y)Largest decline over 3 years | -24.40% | -17.64% | -6.76% |
Max Drawdown (5Y)Largest decline over 5 years | -24.40% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.40% | — | — |
Current DrawdownCurrent decline from peak | -22.03% | -2.28% | -19.75% |
Average DrawdownAverage peak-to-trough decline | -15.97% | -7.00% | -8.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.47% | 1.89% | +6.58% |
Volatility
IAU vs. OALC - Volatility Comparison
iShares Gold Trust (IAU) has a higher volatility of 7.70% compared to OneAscent Large Cap Core ETF (OALC) at 5.13%. This indicates that IAU'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.
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Volatility by Period
| IAU | OALC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.70% | 5.13% | +2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 23.94% | 10.79% | +13.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.17% | 13.58% | +13.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.16% | 17.33% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.02% | 17.33% | -1.31% |
IAU vs. OALC - Expense Ratio Comparison
IAU has a 0.25% expense ratio, which is lower than OALC's 0.49% expense ratio.
Dividends
IAU vs. OALC - Dividend Comparison
IAU has not paid dividends to shareholders, while OALC's dividend yield for the trailing twelve months is around 0.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IAU iShares Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OALC OneAscent Large Cap Core ETF | 0.53% | 0.61% | 0.70% | 0.40% | 0.40% | 0.06% |
Frequently Asked Questions
IAU and OALC have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAU has higher volatility (7.70%) compared to OALC (5.13%). In terms of maximum drawdown, IAU dropped -45.14% vs OALC's -26.82%.
On 3-year performance, IAU leads with 29.07% vs 22.11% for OALC. On fees, IAU is cheaper at 0.25% per year. On volatility, OALC has been the lower-risk option at 5.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IAU has performed better with a 29.07% return vs 22.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAU is cheaper with a 0.25% expense ratio, compared with 0.49% for OALC.
OALC has the higher dividend yield at 0.53%, compared with 0.00% for IAU.
IAU is categorized as Gold, while OALC is Large Cap Blend Equities. They also come from different issuers: iShares and Oneascent. Their fees differ too: 0.25% for IAU and 0.49% for OALC.
OALC currently has the higher Sharpe Ratio (2.13 vs 0.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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