OAEM vs. OALC

Last updated Jun 24, 2026

OAEM (OneAscent Emerging Markets ETF) and OALC (OneAscent Large Cap Core ETF) are both exchange-traded funds - OAEM is a Emerging Markets Diversified fund actively managed by Oneascent, while OALC is a Large Cap Blend Equities fund actively managed by Oneascent. Both are actively managed. Over the past 3 years, OAEM returned 20.22%/yr vs 22.15%/yr for OALC. A 0.64 correlation means they provide meaningful diversification when combined. OAEM charges 1.25%/yr vs 0.49%/yr for OALC.

Performance

OAEM vs. OALC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in OneAscent Emerging Markets ETF (OAEM) and OneAscent Large Cap Core ETF (OALC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OAEM achieves a 32.44% return, which is significantly higher than OALC's 13.18% return.

OAEM

• 1D: -6.19%
• 1M: 3.23%
• YTD: 32.44%
• 6M: 36.48%
• 1Y: 54.85%
• 3Y*: 20.22%
• 5Y*: —
• 10Y*: —

OALC

• 1D: -1.66%
• 1M: 0.31%
• YTD: 13.18%
• 6M: 12.19%
• 1Y: 28.83%
• 3Y*: 22.15%
• 5Y*: —
• 10Y*: —

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

OAEM vs. OALC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
OAEM OneAscent Emerging Markets ETF	32.44%	26.67%	0.43%	17.97%	1.40%
OALC OneAscent Large Cap Core ETF	13.18%	20.36%	19.64%	22.03%	2.31%

Correlation

The correlation between OAEM and OALC is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022	0.64

The correlation between OAEM and OALC has been stable across timeframes, ranging from 0.62 to 0.69 - a consistent structural relationship.

Return for Risk

OAEM vs. OALC — Risk / Return Rank

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

OAEM

OAEM Risk / Return Rank: 74
OAEM Sharpe Ratio Rank: 75
OAEM Sortino Ratio Rank: 63
OAEM Omega Ratio Rank: 73
OAEM Calmar Ratio Rank: 79
OAEM Martin Ratio Rank: 81

OALC

OALC Risk / Return Rank: 73
OALC Sharpe Ratio Rank: 71
OALC Sortino Ratio Rank: 68
OALC Omega Ratio Rank: 68
OALC Calmar Ratio Rank: 74
OALC Martin Ratio Rank: 82

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.

OAEM vs. OALC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OneAscent Emerging Markets ETF (OAEM) and OneAscent Large Cap Core ETF (OALC). 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	OALC	Difference
Sharpe ratio: Return per unit of total volatility	2.18	2.09	+0.09
Sortino ratio: Return per unit of downside risk	2.69	2.84	-0.15
Omega ratio: Gain probability vs. loss probability	1.39	1.37	+0.03
Calmar ratio: Return relative to maximum drawdown	3.77	3.44	+0.33
Martin ratio: Return relative to average drawdown	14.95	15.19	-0.24

OAEM vs. OALC - Sharpe Ratio Comparison

The current OAEM Sharpe Ratio is 2.18, which is comparable to the OALC Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of OAEM and OALC, 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. OALC - Drawdown Comparison

The maximum OAEM drawdown since its inception was -17.05%, smaller than the maximum OALC drawdown of -26.82%. Use the drawdown chart below to compare losses from any high point for OAEM and OALC.

Drawdown Indicators

	OAEM	OALC	Difference
Max Drawdown Largest peak-to-trough decline	-17.05%	-26.82%	+9.77%
Max Drawdown (1Y) Largest decline over 1 year	-14.63%	-8.42%	-6.21%
Max Drawdown (3Y) Largest decline over 3 years	-17.05%	-17.64%	+0.59%
Current Drawdown Current decline from peak	-6.19%	-2.70%	-3.49%
Average Drawdown Average peak-to-trough decline	-3.85%	-6.98%	+3.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.68%	1.90%	+1.78%

Volatility

OAEM vs. OALC - Volatility Comparison

OneAscent Emerging Markets ETF (OAEM) has a higher volatility of 13.79% compared to OneAscent Large Cap Core ETF (OALC) at 5.67%. This indicates that OAEM's price experiences larger fluctuations and is considered to be riskier than OALC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OAEM	OALC	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.79%	5.67%	+8.12%
Volatility (6M) Calculated over the trailing 6-month period	23.31%	11.04%	+12.27%
Volatility (1Y) Calculated over the trailing 1-year period	25.31%	13.86%	+11.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.41%	17.35%	+3.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.41%	17.35%	+3.06%

OAEM vs. OALC - Expense Ratio Comparison

OAEM has a 1.25% expense ratio, which is higher than OALC's 0.49% expense ratio.

Dividends

OAEM vs. OALC - Dividend Comparison

OAEM's dividend yield for the trailing twelve months is around 0.58%, more than OALC's 0.54% yield.

Position	TTM	2025	2024	2023	2022	2021
OAEM OneAscent Emerging Markets ETF	0.58%	0.77%	0.91%	1.63%	0.04%	0.00%
OALC OneAscent Large Cap Core ETF	0.54%	0.61%	0.70%	0.40%	0.40%	0.06%

Frequently Asked Questions

Can I hold both OAEM and OALC in my portfolio?

OAEM and OALC have a correlation of 0.69, 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 OALC?

OAEM has higher volatility (13.79%) compared to OALC (5.67%). In terms of maximum drawdown, OAEM dropped -17.05% vs OALC's -26.82%.

Which ETF is better, OAEM or OALC?

On 3-year performance, OALC leads with 22.15% vs 20.22% for OAEM. On fees, OALC is cheaper at 0.49% per year. On volatility, OALC has been the lower-risk option at 5.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OAEM or OALC?

Over the 3-year period, OALC has performed better with a 22.15% return vs 20.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OAEM or OALC?

OALC is cheaper with a 0.49% expense ratio, compared with 1.25% for OAEM.

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

OAEM has the higher dividend yield at 0.58%, compared with 0.54% for OALC.

What is the main difference between OAEM and OALC?

OAEM is categorized as Emerging Markets Diversified, while OALC is Large Cap Blend Equities. Their fees differ too: 1.25% for OAEM and 0.49% for OALC.

Which has better risk-adjusted returns?

OAEM currently has the higher Sharpe Ratio (2.18 vs 2.09), 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.