OACP vs. UCON
Compare and contrast key facts about OneAscent Core Plus Bond ETF (OACP) and First Trust TCW Unconstrained Plus Bond ETF (UCON).
OACP and UCON are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OACP is an actively managed fund by Oneascent. It was launched on Mar 30, 2022. UCON is an actively managed fund by First Trust. It was launched on Jun 4, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OACP or UCON.
Key characteristics
| OACP | UCON | |
|---|---|---|
| YTD Return | 5.58% | 5.49% |
| 1Y Return | 11.35% | 9.64% |
| Sharpe Ratio | 1.93 | 2.22 |
| Daily Std Dev | 5.75% | 4.46% |
| Max Drawdown | -11.81% | -15.31% |
| Current Drawdown | -0.42% | -0.04% |
Correlation
The correlation between OACP and UCON is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
OACP vs. UCON - Performance Comparison
The year-to-date returns for both stocks are quite close, with OACP having a 5.58% return and UCON slightly lower at 5.49%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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OACP vs. UCON - Expense Ratio Comparison
OACP has a 0.77% expense ratio, which is higher than UCON's 0.76% expense ratio.
Risk-Adjusted Performance
OACP vs. UCON - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for OneAscent Core Plus Bond ETF (OACP) and First Trust TCW Unconstrained Plus Bond ETF (UCON). 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.
Dividends
OACP vs. UCON - Dividend Comparison
OACP's dividend yield for the trailing twelve months is around 4.23%, less than UCON's 4.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
OACP OneAscent Core Plus Bond ETF | 4.23% | 3.87% | 2.34% | 0.00% | 0.00% | 0.00% | 0.00% |
UCON First Trust TCW Unconstrained Plus Bond ETF | 4.99% | 4.75% | 3.12% | 2.17% | 3.14% | 3.50% | 1.76% |
Drawdowns
OACP vs. UCON - Drawdown Comparison
The maximum OACP drawdown since its inception was -11.81%, smaller than the maximum UCON drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for OACP and UCON. For additional features, visit the drawdowns tool.
Volatility
OACP vs. UCON - Volatility Comparison
OneAscent Core Plus Bond ETF (OACP) has a higher volatility of 1.04% compared to First Trust TCW Unconstrained Plus Bond ETF (UCON) at 0.49%. This indicates that OACP's price experiences larger fluctuations and is considered to be riskier than UCON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.