OACP vs. QTUM

Last updated Jun 14, 2026

OACP (OneAscent Core Plus Bond ETF) and QTUM (Defiance Quantum ETF) are both exchange-traded funds - OACP is a Intermediate Core-Plus Bond fund actively managed by Oneascent, while QTUM is a Technology Equities fund tracking the BlueStar Machine Learning and Quantum Computing Index. OACP is actively managed, while QTUM is passively managed. Over the past 3 years, OACP returned 4.68%/yr vs 48.15%/yr for QTUM. At a 0.21 correlation, their price movements are largely independent. OACP charges 0.77%/yr vs 0.40%/yr for QTUM.

Performance

OACP vs. QTUM - Performance Comparison

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

Returns By Period

In the year-to-date period, OACP achieves a 0.28% return, which is significantly lower than QTUM's 47.39% return.

OACP

• 1D: -0.09%
• 1M: 0.32%
• YTD: 0.28%
• 6M: 0.68%
• 1Y: 4.97%
• 3Y*: 4.68%
• 5Y*: —
• 10Y*: —

QTUM

• 1D: 1.22%
• 1M: 9.07%
• YTD: 47.39%
• 6M: 45.72%
• 1Y: 86.28%
• 3Y*: 48.15%
• 5Y*: 28.09%
• 10Y*: —

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

OACP vs. QTUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
OACP OneAscent Core Plus Bond ETF	0.28%	7.17%	2.37%	6.04%	-7.87%
QTUM Defiance Quantum ETF	47.39%	36.65%	50.54%	39.86%	-22.70%

Correlation

The correlation between OACP and QTUM is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (All Time) Calculated using the full available price history since Mar 31, 2022	0.21

Return for Risk

OACP vs. QTUM — Risk / Return Rank

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

OACP

OACP Risk / Return Rank: 41
OACP Sharpe Ratio Rank: 43
OACP Sortino Ratio Rank: 44
OACP Omega Ratio Rank: 41
OACP Calmar Ratio Rank: 41
OACP Martin Ratio Rank: 37

QTUM

QTUM Risk / Return Rank: 90
QTUM Sharpe Ratio Rank: 93
QTUM Sortino Ratio Rank: 87
QTUM Omega Ratio Rank: 87
QTUM Calmar Ratio Rank: 92
QTUM Martin Ratio Rank: 92

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. QTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OneAscent Core Plus Bond ETF (OACP) and Defiance Quantum ETF (QTUM). 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	QTUM	Difference
Sharpe ratio: Return per unit of total volatility	1.35	2.94	-1.59
Sortino ratio: Return per unit of downside risk	1.99	3.45	-1.46
Omega ratio: Gain probability vs. loss probability	1.24	1.46	-0.22
Calmar ratio: Return relative to maximum drawdown	1.82	5.46	-3.64
Martin ratio: Return relative to average drawdown	5.13	19.77	-14.64

OACP vs. QTUM - Sharpe Ratio Comparison

The current OACP Sharpe Ratio is 1.35, which is lower than the QTUM Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of OACP and QTUM, 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. QTUM - Drawdown Comparison

The maximum OACP drawdown since its inception was -11.81%, smaller than the maximum QTUM drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for OACP and QTUM.

Drawdown Indicators

	OACP	QTUM	Difference
Max Drawdown Largest peak-to-trough decline	-11.81%	-38.45%	+26.64%
Max Drawdown (1Y) Largest decline over 1 year	-2.60%	-15.26%	+12.66%
Max Drawdown (3Y) Largest decline over 3 years	-5.89%	-25.39%	+19.50%
Max Drawdown (5Y) Largest decline over 5 years	—	-38.45%	—
Current Drawdown Current decline from peak	-1.25%	-4.42%	+3.17%
Average Drawdown Average peak-to-trough decline	-3.58%	-8.24%	+4.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	4.21%	-3.29%

Volatility

OACP vs. QTUM - Volatility Comparison

The current volatility for OneAscent Core Plus Bond ETF (OACP) is 1.25%, while Defiance Quantum ETF (QTUM) has a volatility of 14.18%. This indicates that OACP experiences smaller price fluctuations and is considered to be less risky than QTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OACP	QTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	14.18%	-12.93%
Volatility (6M) Calculated over the trailing 6-month period	2.64%	23.17%	-20.53%
Volatility (1Y) Calculated over the trailing 1-year period	3.53%	28.39%	-24.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.80%	26.99%	-21.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.80%	27.40%	-21.60%

OACP vs. QTUM - Expense Ratio Comparison

OACP has a 0.77% expense ratio, which is higher than QTUM's 0.40% expense ratio.

Dividends

OACP vs. QTUM - Dividend Comparison

OACP's dividend yield for the trailing twelve months is around 4.37%, more than QTUM's 0.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
OACP OneAscent Core Plus Bond ETF	4.37%	4.46%	4.51%	3.87%	2.34%	0.00%	0.00%	0.00%	0.00%
QTUM Defiance Quantum ETF	0.73%	1.01%	0.61%	0.81%	1.46%	0.48%	0.42%	0.61%	0.21%

Frequently Asked Questions

Can I hold both OACP and QTUM in my portfolio?

OACP and QTUM have a correlation of 0.24, 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 QTUM?

QTUM has higher volatility (14.18%) compared to OACP (1.25%). In terms of maximum drawdown, OACP dropped -11.81% vs QTUM's -38.45%.

Which ETF is better, OACP or QTUM?

On 3-year performance, QTUM leads with 48.15% vs 4.68% for OACP. On fees, QTUM is cheaper at 0.40% per year. On volatility, OACP has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OACP or QTUM?

Over the 3-year period, QTUM has performed better with a 48.15% return vs 4.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OACP or QTUM?

QTUM is cheaper with a 0.40% expense ratio, compared with 0.77% for OACP.

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

OACP has the higher dividend yield at 4.37%, compared with 0.73% for QTUM.

What is the main difference between OACP and QTUM?

OACP is categorized as Intermediate Core-Plus Bond, while QTUM is Technology Equities. They also come from different issuers: Oneascent and Defiance. Their fees differ too: 0.77% for OACP and 0.40% for QTUM.

Which has better risk-adjusted returns?

QTUM currently has the higher Sharpe Ratio (2.94 vs 1.35), 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.