OACP vs. ZHOG
OACP (OneAscent Core Plus Bond ETF) and ZHOG (F/m Opportunistic Income ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Over the past year, OACP returned 4.76% vs 4.79% for ZHOG. Their correlation of 0.85 suggests significant overlap in exposure. OACP charges 0.77%/yr vs 0.43%/yr for ZHOG.
Performance
OACP vs. ZHOG - Performance Comparison
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Returns By Period
In the year-to-date period, OACP achieves a 0.24% return, which is significantly lower than ZHOG's 0.75% return.
OACP
- 1D
- -0.29%
- 1M
- 0.74%
- YTD
- 0.24%
- 6M
- 0.53%
- 1Y
- 4.76%
- 3Y*
- 4.42%
- 5Y*
- —
- 10Y*
- —
ZHOG
- 1D
- -0.09%
- 1M
- 0.31%
- YTD
- 0.75%
- 6M
- 0.84%
- 1Y
- 4.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OACP vs. ZHOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
OACP OneAscent Core Plus Bond ETF | 0.24% | 7.17% | 2.37% | 5.37% |
ZHOG F/m Opportunistic Income ETF | 0.75% | 5.98% | 4.94% | 5.93% |
Correlation
The correlation between OACP and ZHOG is 0.76, 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 | 0.76 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2023 | 0.85 |
The correlation between OACP and ZHOG has been stable across timeframes, ranging from 0.76 to 0.85 - a consistent structural relationship.
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Return for Risk
OACP vs. ZHOG — Risk / Return Rank
OACP
ZHOG
OACP vs. ZHOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for OneAscent Core Plus Bond ETF (OACP) and F/m Opportunistic Income ETF (ZHOG). 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 | ZHOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -2.67 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.61 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 3.68 | -1.83 |
| Martin ratioReturn relative to average drawdown | 5.11 | 15.83 | -10.73 |
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Drawdowns
OACP vs. ZHOG - Drawdown Comparison
The maximum OACP drawdown since its inception was -11.81%, which is greater than ZHOG's maximum drawdown of -3.66%. Use the drawdown chart below to compare losses from any high point for OACP and ZHOG.
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Drawdown Indicators
| OACP | ZHOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.81% | -3.66% | -8.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | -1.31% | -1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -5.89% | — | — |
Current DrawdownCurrent decline from peak | -1.29% | -0.28% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -3.57% | -0.69% | -2.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.30% | +0.63% |
Volatility
OACP vs. ZHOG - Volatility Comparison
OneAscent Core Plus Bond ETF (OACP) has a higher volatility of 0.96% compared to F/m Opportunistic Income ETF (ZHOG) at 0.47%. This indicates that OACP's price experiences larger fluctuations and is considered to be riskier than ZHOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OACP | ZHOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 0.47% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 1.19% | +1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.51% | 1.59% | +1.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.79% | 3.98% | +1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.79% | 3.98% | +1.81% |
OACP vs. ZHOG - Expense Ratio Comparison
OACP has a 0.77% expense ratio, which is higher than ZHOG's 0.43% expense ratio.
Dividends
OACP vs. ZHOG - Dividend Comparison
OACP's dividend yield for the trailing twelve months is around 4.37%, less than ZHOG's 5.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
OACP OneAscent Core Plus Bond ETF | 4.37% | 4.46% | 4.51% | 3.87% | 2.34% |
ZHOG F/m Opportunistic Income ETF | 5.12% | 5.35% | 5.50% | 1.70% | 0.00% |
Frequently Asked Questions
OACP and ZHOG have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OACP has higher volatility (0.96%) compared to ZHOG (0.47%). In terms of maximum drawdown, OACP dropped -11.81% vs ZHOG's -3.66%.
On 1-year performance, ZHOG leads with 4.79% vs 4.76% for OACP. On fees, ZHOG is cheaper at 0.43% per year. On volatility, ZHOG has been the lower-risk option at 0.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ZHOG has performed better with a 4.79% return vs 4.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ZHOG is cheaper with a 0.43% expense ratio, compared with 0.77% for OACP.
ZHOG has the higher dividend yield at 5.12%, compared with 4.37% for OACP.
They also come from different issuers: Oneascent and F/m Investments. Their fees differ too: 0.77% for OACP and 0.43% for ZHOG.
ZHOG currently has the higher Sharpe Ratio (3.04 vs 1.37), 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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