OACP vs. BNDP

Last updated Jun 24, 2026

OACP (OneAscent Core Plus Bond ETF) and BNDP (Vanguard Core-Plus Bond Index ETF) are both Intermediate Core-Plus Bond funds. OACP is actively managed, while BNDP is passively managed. Their correlation of 0.95 suggests significant overlap in exposure. OACP charges 0.77%/yr vs 0.05%/yr for BNDP.

Performance

OACP vs. BNDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in OneAscent Core Plus Bond ETF (OACP) and Vanguard Core-Plus Bond Index ETF (BNDP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OACP achieves a 0.33% return, which is significantly lower than BNDP's 0.52% return.

OACP

• 1D: 0.09%
• 1M: 0.83%
• YTD: 0.33%
• 6M: 0.49%
• 1Y: 4.62%
• 3Y*: 4.45%
• 5Y*: —
• 10Y*: —

BNDP

• 1D: 0.10%
• 1M: 0.84%
• YTD: 0.52%
• 6M: 0.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

OACP vs. BNDP - Yearly Performance Comparison

	2026 (YTD)	2025
OACP OneAscent Core Plus Bond ETF	0.33%	0.03%
BNDP Vanguard Core-Plus Bond Index ETF	0.52%	0.08%

Correlation

The correlation between OACP and BNDP is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025	0.95

Return for Risk

OACP vs. BNDP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OACP

OACP Risk / Return Rank: 39
OACP Sharpe Ratio Rank: 41
OACP Sortino Ratio Rank: 41
OACP Omega Ratio Rank: 38
OACP Calmar Ratio Rank: 38
OACP Martin Ratio Rank: 35

BNDP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OACP vs. BNDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OneAscent Core Plus Bond ETF (OACP) and Vanguard Core-Plus Bond Index ETF (BNDP). 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.

	OACP	BNDP	Difference
Sharpe ratio: Return per unit of total volatility	1.33	—	—
Sortino ratio: Return per unit of downside risk	1.95	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	1.79	—	—
Martin ratio: Return relative to average drawdown	4.94	—	—

Drawdowns

OACP vs. BNDP - Drawdown Comparison

The maximum OACP drawdown since its inception was -11.81%, which is greater than BNDP's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for OACP and BNDP.

Drawdown Indicators

	OACP	BNDP	Difference
Max Drawdown Largest peak-to-trough decline	-11.81%	-2.60%	-9.21%
Max Drawdown (1Y) Largest decline over 1 year	-2.60%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.89%	—	—
Current Drawdown Current decline from peak	-1.20%	-1.13%	-0.07%
Average Drawdown Average peak-to-trough decline	-3.56%	-0.89%	-2.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.94%	—	—

Volatility

Volatility by Period

	OACP	BNDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.97%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.67%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.50%	3.70%	-0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.78%	3.70%	+2.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.78%	3.70%	+2.08%

OACP vs. BNDP - Expense Ratio Comparison

OACP has a 0.77% expense ratio, which is higher than BNDP's 0.05% expense ratio.

Dividends

OACP vs. BNDP - Dividend Comparison

OACP's dividend yield for the trailing twelve months is around 4.37%, more than BNDP's 2.07% yield.

Position	TTM	2025	2024	2023	2022
BNDP Vanguard Core-Plus Bond Index ETF	2.07%	0.24%	0.00%	0.00%	0.00%
OACP OneAscent Core Plus Bond ETF	4.37%	4.46%	4.51%	3.87%	2.34%

Frequently Asked Questions

Can I hold both OACP and BNDP in my portfolio?

With a correlation of 0.95, OACP and BNDP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, OACP or BNDP?

On fees, BNDP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OACP or BNDP?

BNDP is cheaper with a 0.05% expense ratio, compared with 0.77% for OACP.

Which ETF pays a higher dividend yield, OACP or BNDP?

OACP has the higher dividend yield at 4.37%, compared with 2.07% for BNDP.

What is the main difference between OACP and BNDP?

They also come from different issuers: Oneascent and Vanguard. Their fees differ too: 0.77% for OACP and 0.05% for BNDP.