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OACP vs. IUSB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

OACP vs. IUSB

Last updated Jun 4, 2026

OACP (OneAscent Core Plus Bond ETF) and IUSB (iShares Core Universal USD Bond ETF) are both Intermediate Core-Plus Bond funds. OACP is actively managed, while IUSB is passively managed. Over the past 3 years, OACP returned 4.37%/yr vs 4.51%/yr for IUSB. With a 0.96 correlation, they move nearly in lockstep. OACP charges 0.77%/yr vs 0.06%/yr for IUSB.

Performance

OACP vs. IUSB - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, OACP achieves a 0.04% return, which is significantly lower than IUSB's 0.43% return.

OACP

1D
-0.18%
1M
0.34%
YTD
0.04%
6M
0.07%
1Y
5.47%
3Y*
4.37%
5Y*
—
10Y*
—

IUSB

1D
-0.17%
1M
0.31%
YTD
0.43%
6M
0.31%
1Y
5.54%
3Y*
4.51%
5Y*
0.44%
10Y*
1.94%
*Multi-year figures are annualized to reflect compound growth (CAGR)

OACP vs. IUSB - Yearly Performance Comparison

2026 (YTD)2025202420232022
OACP
OneAscent Core Plus Bond ETF		0.04%7.17%2.37%6.04%-7.80%
IUSB
iShares Core Universal USD Bond ETF		0.43%7.38%2.11%6.23%-7.53%

Correlation

The correlation between OACP and IUSB 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 (1Y)
Calculated over the trailing 1-year period

0.95

Correlation (3Y)
Calculated over the trailing 3-year period

0.96

Correlation (All Time)
Calculated using the full available price history since Apr 1, 2022

0.96

The correlation between OACP and IUSB has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

OACP vs. IUSB - Sectors Allocation Comparison

Sectors
OACP
IUSB

Financial Services

1.1%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

100.0%

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Financial Services

OACP
1.1%
IUSB

-

Basic Materials

OACP

-

IUSB

-

Communication Services

OACP

-

IUSB

-

Consumer Cyclical

OACP

-

IUSB

-

Consumer Defensive

OACP

-

IUSB

-

Energy

OACP

-

IUSB
100.0%

Healthcare

OACP

-

IUSB

-

Industrials

OACP

-

IUSB

-

Real Estate

OACP

-

IUSB

-

Technology

OACP

-

IUSB

-

Utilities

OACP

-

IUSB

-

Compare stocks, funds, or ETFs

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OneAscent Core Plus Bond ETF

iShares Core Universal USD Bond ETF

Often compared with OACP:
OACP vs. UCONOACP vs. APCBOACP vs. CFITOACP vs. ZHOGOACP vs. BNDPOACP vs. KDRNOACP vs. OALC
Often compared with IUSB:
IUSB vs. BNDIUSB vs. AGGIUSB vs. FBNDIUSB vs. IAGGIUSB vs. ICSHIUSB vs. IXUSIUSB vs. FLOT

Return for Risk

OACP vs. IUSB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
OACP
OACP Risk / Return Rank: 4444
Overall Rank
OACP Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
OACP Sortino Ratio Rank: 4646
Sortino Ratio Rank
OACP Omega Ratio Rank: 4444
Omega Ratio Rank
OACP Calmar Ratio Rank: 4343
Calmar Ratio Rank
OACP Martin Ratio Rank: 3939
Martin Ratio Rank
IUSB
IUSB Risk / Return Rank: 4343
Overall Rank
IUSB Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
IUSB Sortino Ratio Rank: 4545
Sortino Ratio Rank
IUSB Omega Ratio Rank: 4141
Omega Ratio Rank
IUSB Calmar Ratio Rank: 4343
Calmar Ratio Rank
IUSB Martin Ratio Rank: 4141
Martin Ratio Rank
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. IUSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OneAscent Core Plus Bond ETF (OACP) and iShares Core Universal USD Bond ETF (IUSB). 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.

OACPIUSBDifference
Sharpe ratioReturn per unit of total volatility
1.55
1.54

+0.01

Sortino ratioReturn per unit of downside risk
2.29
2.30

-0.01

Omega ratioGain probability vs. loss probability

1.28

1.27

+0.01

Calmar ratioReturn relative to maximum drawdown

2.12

2.20

-0.08

Martin ratioReturn relative to average drawdown

6.18

6.68

-0.50

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OACP vs. IUSB - Sharpe Ratio Comparison

The current OACP Sharpe Ratio is 1.55, which is comparable to the IUSB Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of OACP and IUSB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

OACPIUSBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.55

1.54

+0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.08

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.39

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.30

0.46

-0.17

Drawdowns

OACP vs. IUSB - Drawdown Comparison

The maximum OACP drawdown since its inception was -11.81%, smaller than the maximum IUSB drawdown of -17.90%. Use the drawdown chart below to compare losses from any high point for OACP and IUSB.

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Drawdown Indicators

OACPIUSBDifference

Max Drawdown

Largest peak-to-trough decline

-11.81%

-17.90%

+6.09%

Max Drawdown (1Y)

Largest decline over 1 year

-2.60%

-2.53%

-0.07%

Max Drawdown (3Y)

Largest decline over 3 years

-5.89%

-5.82%

-0.07%

Max Drawdown (5Y)

Largest decline over 5 years

—

-17.87%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-17.90%

—

Current Drawdown

Current decline from peak

-1.49%

-1.33%

-0.16%

Average Drawdown

Average peak-to-trough decline

-3.60%

-3.59%

-0.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.89%

0.83%

+0.06%

Volatility

OACP vs. IUSB - Volatility Comparison

OneAscent Core Plus Bond ETF (OACP) and iShares Core Universal USD Bond ETF (IUSB) have volatilities of 1.26% and 1.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

OACPIUSBDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.26%

1.24%

+0.02%

Volatility (6M)

Calculated over the trailing 6-month period

2.57%

2.62%

-0.05%

Volatility (1Y)

Calculated over the trailing 1-year period

3.54%

3.62%

-0.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.81%

5.79%

+0.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.81%

5.04%

+0.77%

OACP vs. IUSB - Expense Ratio Comparison

OACP has a 0.77% expense ratio, which is higher than IUSB's 0.06% expense ratio.

Dividends

OACP vs. IUSB - Dividend Comparison

OACP's dividend yield for the trailing twelve months is around 4.38%, more than IUSB's 4.23% yield.

PositionTTM20252024202320222021202020192018201720162015
IUSB
iShares Core Universal USD Bond ETF		4.23%4.17%4.04%3.46%2.53%1.74%2.68%3.04%2.98%2.56%2.60%1.95%
OACP
OneAscent Core Plus Bond ETF		4.38%4.46%4.51%3.87%2.34%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.95, OACP and IUSB 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.

OACP has higher volatility (1.26%) compared to IUSB (1.24%). In terms of maximum drawdown, OACP dropped -11.81% vs IUSB's -17.90%.

On 3-year performance, IUSB leads with 4.51% vs 4.37% for OACP. On fees, IUSB is cheaper at 0.06% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, IUSB has performed better with a 4.51% return vs 4.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IUSB is cheaper with a 0.06% expense ratio, compared with 0.77% for OACP.

OACP has the higher dividend yield at 4.38%, compared with 4.23% for IUSB.

They also come from different issuers: Oneascent and iShares. Their fees differ too: 0.77% for OACP and 0.06% for IUSB.

OACP currently has the higher Sharpe Ratio (1.55 vs 1.54), 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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