OACP vs. ESGB
OACP (OneAscent Core Plus Bond ETF) and ESGB (IQ MacKay ESG Core Plus Bond ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Their 0.09 correlation means their historical movements had little consistent relationship. OACP charges 0.77%/yr vs 0.39%/yr for ESGB.
Performance
OACP vs. ESGB - Performance Comparison
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Returns By Period
OACP
- 1D
- 0.51%
- 1M
- -0.63%
- 6M
- -0.13%
- YTD
- -0.02%
- 1Y
- 2.63%
- 3Y*
- 4.68%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.60%
ESGB
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.40M | $1.13M | $1.14M |
OACP vs. ESGB - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
OACP OneAscent Core Plus Bond ETF | -0.06% |
ESGB IQ MacKay ESG Core Plus Bond ETF | -0.18% |
Correlation
The correlation between OACP and ESGB is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 4, 2026 | 0.09 |
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Return for Risk
OACP vs. ESGB — Risk / Return Rank
OACP
ESGB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
OACP vs. ESGB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for OneAscent Core Plus Bond ETF (OACP) and IQ MacKay ESG Core Plus Bond ETF (ESGB). 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 | ESGB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.13 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | — | — |
| Martin ratioReturn relative to average drawdown | 2.49 | — | — |
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Drawdowns
OACP vs. ESGB - Drawdown Comparison
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Drawdown Indicators
| OACP | ESGB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.81% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.66% | — | — |
Current DrawdownCurrent decline from peak | -1.55% | — | — |
Average DrawdownAverage peak-to-trough decline | -3.51% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | — | — |
Volatility
OACP vs. ESGB - Volatility Comparison
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Volatility by Period
| OACP | ESGB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.44% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.74% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.74% | — | — |
OACP vs. ESGB - Expense Ratio Comparison
OACP has a 0.77% expense ratio, which is higher than ESGB's 0.39% expense ratio.
Dividends
OACP vs. ESGB - Dividend Comparison
OACP's dividend yield for the trailing twelve months is around 4.41%, while ESGB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ESGB IQ MacKay ESG Core Plus Bond ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OACP OneAscent Core Plus Bond ETF | 4.41% | 4.46% | 4.51% | 3.87% | 2.34% |
Frequently Asked Questions
OACP and ESGB have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESGB is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESGB is cheaper with a 0.39% expense ratio, compared with 0.77% for OACP.
OACP has the higher dividend yield at 4.41%, compared with 0.00% for ESGB.
They also come from different issuers: Oneascent and IndexIQ. Their fees differ too: 0.77% for OACP and 0.39% for ESGB.
Find the right allocation for OACP and ESGB
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