OAEM vs. DIEM

Last updated Aug 4, 2026

OAEM (OneAscent Emerging Markets ETF) and DIEM (Franklin Emerging Market Core Dividend Tilt Index ETF) are both Emerging Markets Equities funds. OAEM is actively managed, while DIEM is passively managed. Over the past 3 years, OAEM returned 19.47%/yr vs 24.27%/yr for DIEM. Their correlation of 0.85 means they have usually moved in the same direction. OAEM charges 1.25%/yr vs 0.19%/yr for DIEM.

Performance

OAEM vs. DIEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in OneAscent Emerging Markets ETF (OAEM) and Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OAEM achieves a 28.09% return, which is significantly higher than DIEM's 24.59% return.

OAEM

• 1D: 1.23%
• 1M: -1.68%
• 6M: 15.61%
• YTD: 28.09%
• 1Y: 45.68%
• 3Y*: 19.47%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.76%

DIEM

• 1D: 0.43%
• 1M: -0.78%
• 6M: 14.46%
• YTD: 24.59%
• 1Y: 42.18%
• 3Y*: 24.27%
• 5Y*: 11.10%
• 10Y*: 8.16%
• ALL TIME*: 8.78%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF	$1.95M	$1.53M	$979.36K
OAEM OneAscent Emerging Markets ETF	$686.79K	$671.79K	$1.20M

OAEM vs. DIEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
OAEM OneAscent Emerging Markets ETF	28.09%	26.67%	0.43%	17.97%	1.40%
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF	24.59%	30.81%	12.29%	15.41%	1.94%

Correlation

The correlation between OAEM and DIEM is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.88
Correlation (3Y) Balances recent behavior with more history.	0.85
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022	0.85

The correlation between OAEM and DIEM has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.

OAEM vs. DIEM - Sectors Allocation Comparison

Sectors	OAEM	DIEM
Technology	45.0%	41.6%
Industrials	15.8%	4.2%
Financial Services	15.7%	22.7%
Basic Materials	7.1%	4.6%
Consumer Cyclical	5.1%	5.5%
Real Estate	3.9%	1.5%
Energy	3.1%	5.4%
Consumer Defensive	2.1%	3.3%
Communication Services	1.3%	4.8%
Utilities	0.9%	3.6%
Healthcare	-	0.8%

Return for Risk

OAEM vs. DIEM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

OAEM

OAEM Risk / Return Rank: 69
OAEM Sharpe Ratio Rank: 67
OAEM Sortino Ratio Rank: 59
OAEM Omega Ratio Rank: 67
OAEM Calmar Ratio Rank: 79
OAEM Martin Ratio Rank: 73

DIEM

DIEM Risk / Return Rank: 77
DIEM Sharpe Ratio Rank: 78
DIEM Sortino Ratio Rank: 72
DIEM Omega Ratio Rank: 80
DIEM Calmar Ratio Rank: 81
DIEM Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

OAEM vs. DIEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OneAscent Emerging Markets ETF (OAEM) and Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM). 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.

	OAEM	DIEM	Difference
Sharpe ratio: Return per unit of total volatility	1.67	1.86	-0.19
Sortino ratio: Return per unit of downside risk	2.17	2.43	-0.26
Omega ratio: Gain probability vs. loss probability	1.31	1.35	-0.05
Calmar ratio: Return relative to maximum drawdown	3.04	3.12	-0.08
Martin ratio: Return relative to average drawdown	9.80	10.07	-0.26

OAEM vs. DIEM - Sharpe Ratio Comparison

The current OAEM Sharpe Ratio is 1.67, which is comparable to the DIEM Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of OAEM and DIEM, 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

OAEM vs. DIEM - Drawdown Comparison

The maximum OAEM drawdown since its inception was -17.05%, smaller than the maximum DIEM drawdown of -38.61%. Use the drawdown chart below to compare losses from any high point for OAEM and DIEM.

Drawdown Indicators

	OAEM	DIEM	Difference
Max Drawdown Largest peak-to-trough decline	-17.05%	-38.61%	+21.56%
Max Drawdown (1Y) Largest decline over 1 year	-15.09%	-13.59%	-1.50%
Max Drawdown (3Y) Largest decline over 3 years	-17.05%	-16.82%	-0.23%
Max Drawdown (5Y) Largest decline over 5 years	—	-33.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.61%	—
Current Drawdown Current decline from peak	-9.27%	-8.82%	-0.45%
Average Drawdown Average peak-to-trough decline	-3.98%	-9.67%	+5.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.67%	4.20%	+0.47%

Volatility

OAEM vs. DIEM - Volatility Comparison

OneAscent Emerging Markets ETF (OAEM) has a higher volatility of 10.63% compared to Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) at 8.90%. This indicates that OAEM's price experiences larger fluctuations and is considered to be riskier than DIEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OAEM	DIEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.63%	8.90%	+1.73%
Volatility (6M) Calculated over the trailing 6-month period	25.37%	21.07%	+4.30%
Volatility (1Y) Calculated over the trailing 1-year period	27.47%	22.83%	+4.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.93%	17.99%	+2.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.93%	18.05%	+2.88%

OAEM vs. DIEM - Expense Ratio Comparison

OAEM has a 1.25% expense ratio, which is higher than DIEM's 0.19% expense ratio.

Dividends

OAEM vs. DIEM - Dividend Comparison

OAEM's dividend yield for the trailing twelve months is around 0.60%, less than DIEM's 2.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF	2.98%	2.99%	4.92%	4.45%	6.31%	4.06%	2.75%	5.98%	3.87%	2.61%	0.35%
OAEM OneAscent Emerging Markets ETF	0.60%	0.77%	0.91%	1.63%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OAEM and DIEM in my portfolio?

OAEM and DIEM have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OAEM or DIEM?

OAEM has higher volatility (10.63%) compared to DIEM (8.90%). In terms of maximum drawdown, OAEM dropped -17.05% vs DIEM's -38.61%.

Which ETF is better, OAEM or DIEM?

On 3-year performance, DIEM leads with 24.27% vs 19.47% for OAEM. On fees, DIEM is cheaper at 0.19% per year. On volatility, DIEM has been the lower-risk option at 8.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OAEM or DIEM?

Over the 3-year period, DIEM has performed better with a 24.27% return vs 19.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OAEM or DIEM?

DIEM is cheaper with a 0.19% expense ratio, compared with 1.25% for OAEM.

Which ETF pays a higher dividend yield, OAEM or DIEM?

DIEM has the higher dividend yield at 2.98%, compared with 0.60% for OAEM.

What is the main difference between OAEM and DIEM?

They also come from different issuers: Oneascent and Franklin Templeton. Their fees differ too: 1.25% for OAEM and 0.19% for DIEM.

Which has better risk-adjusted returns?

DIEM currently has the higher Sharpe Ratio (1.86 vs 1.67), 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.