OACP vs. GSG
OACP (OneAscent Core Plus Bond ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - OACP is a Intermediate Core-Plus Bond fund actively managed by Oneascent, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. OACP is actively managed, while GSG is passively managed. Over the past 3 years, OACP returned 4.68%/yr vs 12.37%/yr for GSG. Their -0.12 correlation means they have often moved in opposite directions in the past. OACP charges 0.77%/yr vs 0.75%/yr for GSG.
Performance
OACP vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, OACP achieves a -0.02% return, which is significantly lower than GSG's 32.05% return.
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%
GSG
- 1D
- -2.34%
- 1M
- 7.33%
- 6M
- 21.51%
- YTD
- 32.05%
- 1Y
- 36.06%
- 3Y*
- 12.37%
- 5Y*
- 13.92%
- 10Y*
- 7.99%
- ALL TIME*
- -2.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $18.82M | $16.77M | $25.29M | |
| $1.40M | $1.13M | $1.14M |
OACP vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OACP OneAscent Core Plus Bond ETF | -0.02% | 7.17% | 2.37% | 6.04% | -7.87% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 32.05% | 5.93% | 8.52% | -5.51% | -9.35% |
Correlation
The correlation between OACP and GSG is -0.40, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.40 |
Correlation (3Y) Balances recent behavior with more history. | -0.20 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2022 | -0.12 |
Over the past year, the inverse relationship between OACP and GSG has strengthened: their correlation has moved from -0.12 to -0.40, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
OACP vs. GSG — Risk / Return Rank
OACP
GSG
OACP vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for OneAscent Core Plus Bond ETF (OACP) and iShares S&P GSCI Commodity-Indexed Trust (GSG). 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 | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.26 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 1.93 | -0.91 |
| Martin ratioReturn relative to average drawdown | 2.49 | 6.13 | -3.65 |
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Drawdowns
OACP vs. GSG - Drawdown Comparison
The maximum OACP drawdown since its inception was -11.81%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for OACP and GSG.
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Drawdown Indicators
| OACP | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.81% | -89.62% | +77.81% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | -18.81% | +16.21% |
Max Drawdown (3Y)Largest decline over 3 years | -4.66% | -18.81% | +14.15% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -1.55% | -60.13% | +58.58% |
Average DrawdownAverage peak-to-trough decline | -3.51% | -63.67% | +60.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 5.90% | -4.84% |
Volatility
OACP vs. GSG - Volatility Comparison
The current volatility for OneAscent Core Plus Bond ETF (OACP) is 1.15%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 9.06%. This indicates that OACP experiences smaller price fluctuations and is considered to be less risky than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OACP | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 9.06% | -7.91% |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | 22.00% | -19.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.44% | 24.45% | -21.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.74% | 22.90% | -17.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.74% | 22.09% | -16.35% |
OACP vs. GSG - Expense Ratio Comparison
OACP has a 0.77% expense ratio, which is higher than GSG's 0.75% expense ratio.
Dividends
OACP vs. GSG - Dividend Comparison
OACP's dividend yield for the trailing twelve months is around 4.41%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 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 GSG have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (9.06%) compared to OACP (1.15%). In terms of maximum drawdown, OACP dropped -11.81% vs GSG's -89.62%.
On 3-year performance, GSG leads with 12.37% vs 4.68% for OACP. On fees, GSG is cheaper at 0.75% per year. On volatility, OACP has been the lower-risk option at 1.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GSG has performed better with a 12.37% return vs 4.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSG is cheaper with a 0.75% expense ratio, compared with 0.77% for OACP.
OACP has the higher dividend yield at 4.41%, compared with 0.00% for GSG.
OACP is categorized as Intermediate Core-Plus Bond, while GSG is Commodities. They also come from different issuers: Oneascent and iShares. Their fees differ too: 0.77% for OACP and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (1.48 vs 0.77), 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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