OACP vs. KDRN

Last updated Jun 24, 2026

OACP (OneAscent Core Plus Bond ETF) and KDRN (Kingsbarn Tactical Bond ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Over the past 3 years, OACP returned 4.45%/yr vs 3.28%/yr for KDRN. A 0.79 correlation means they provide meaningful diversification when combined. OACP charges 0.77%/yr vs 1.09%/yr for KDRN.

Performance

OACP vs. KDRN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in OneAscent Core Plus Bond ETF (OACP) and Kingsbarn Tactical Bond ETF (KDRN). 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 KDRN's 1.27% return.

OACP

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

KDRN

• 1D: 0.02%
• 1M: 0.47%
• YTD: 1.27%
• 6M: 1.34%
• 1Y: 3.27%
• 3Y*: 3.28%
• 5Y*: —
• 10Y*: —

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

OACP vs. KDRN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
OACP OneAscent Core Plus Bond ETF	0.33%	7.17%	2.37%	6.04%	-7.87%
KDRN Kingsbarn Tactical Bond ETF	1.27%	4.65%	1.30%	10.06%	-6.14%

Correlation

The correlation between OACP and KDRN is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (All Time) Calculated using the full available price history since Mar 31, 2022	0.79

The correlation between OACP and KDRN has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.

Return for Risk

OACP vs. KDRN — 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

KDRN

KDRN Risk / Return Rank: 31
KDRN Sharpe Ratio Rank: 29
KDRN Sortino Ratio Rank: 29
KDRN Omega Ratio Rank: 29
KDRN Calmar Ratio Rank: 40
KDRN Martin Ratio Rank: 28

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. KDRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OneAscent Core Plus Bond ETF (OACP) and Kingsbarn Tactical Bond ETF (KDRN). 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	KDRN	Difference
Sharpe ratio: Return per unit of total volatility	1.33	0.98	+0.35
Sortino ratio: Return per unit of downside risk	1.95	1.45	+0.51
Omega ratio: Gain probability vs. loss probability	1.24	1.19	+0.05
Calmar ratio: Return relative to maximum drawdown	1.79	1.86	-0.07
Martin ratio: Return relative to average drawdown	4.94	3.65	+1.29

OACP vs. KDRN - Sharpe Ratio Comparison

The current OACP Sharpe Ratio is 1.33, which is higher than the KDRN Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of OACP and KDRN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OACP vs. KDRN - Drawdown Comparison

The maximum OACP drawdown since its inception was -11.81%, smaller than the maximum KDRN drawdown of -15.29%. Use the drawdown chart below to compare losses from any high point for OACP and KDRN.

Drawdown Indicators

	OACP	KDRN	Difference
Max Drawdown Largest peak-to-trough decline	-11.81%	-15.29%	+3.48%
Max Drawdown (1Y) Largest decline over 1 year	-2.60%	-1.77%	-0.83%
Max Drawdown (3Y) Largest decline over 3 years	-5.89%	-4.94%	-0.95%
Current Drawdown Current decline from peak	-1.20%	-0.77%	-0.43%
Average Drawdown Average peak-to-trough decline	-3.56%	-4.72%	+1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.94%	0.90%	+0.04%

Volatility

OACP vs. KDRN - Volatility Comparison

OneAscent Core Plus Bond ETF (OACP) has a higher volatility of 0.97% compared to Kingsbarn Tactical Bond ETF (KDRN) at 0.64%. This indicates that OACP's price experiences larger fluctuations and is considered to be riskier than KDRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OACP	KDRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.97%	0.64%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	2.67%	1.98%	+0.69%
Volatility (1Y) Calculated over the trailing 1-year period	3.50%	3.35%	+0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.78%	6.57%	-0.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.78%	6.57%	-0.79%

OACP vs. KDRN - Expense Ratio Comparison

OACP has a 0.77% expense ratio, which is lower than KDRN's 1.09% expense ratio.

Dividends

OACP vs. KDRN - Dividend Comparison

OACP's dividend yield for the trailing twelve months is around 4.37%, more than KDRN's 3.11% yield.

Position	TTM	2025	2024	2023	2022
KDRN Kingsbarn Tactical Bond ETF	3.11%	2.54%	2.83%	2.84%	2.11%
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 KDRN in my portfolio?

OACP and KDRN have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OACP or KDRN?

OACP has higher volatility (0.97%) compared to KDRN (0.64%). In terms of maximum drawdown, OACP dropped -11.81% vs KDRN's -15.29%.

Which ETF is better, OACP or KDRN?

On 3-year performance, OACP leads with 4.45% vs 3.28% for KDRN. On fees, OACP is cheaper at 0.77% per year. On volatility, KDRN has been the lower-risk option at 0.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OACP or KDRN?

Over the 3-year period, OACP has performed better with a 4.45% return vs 3.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OACP or KDRN?

OACP is cheaper with a 0.77% expense ratio, compared with 1.09% for KDRN.

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

OACP has the higher dividend yield at 4.37%, compared with 3.11% for KDRN.

What is the main difference between OACP and KDRN?

They also come from different issuers: Oneascent and Kingsbarn. Their fees differ too: 0.77% for OACP and 1.09% for KDRN.

Which has better risk-adjusted returns?

OACP currently has the higher Sharpe Ratio (1.33 vs 0.98), 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.