OAIM vs. FNARX

Last updated Jun 14, 2026

OAIM (OneAscent International Equity ETF) and FNARX (Fidelity Natural Resources Fund) are both funds - OAIM is a Foreign Large Cap Equities fund actively managed by Oneascent, while FNARX is a Energy Equities fund managed by Fidelity. Over the past 3 years, OAIM returned 17.52%/yr vs 20.60%/yr for FNARX. At a 0.46 correlation, their price movements are largely independent. OAIM charges 0.95%/yr vs 0.82%/yr for FNARX.

Performance

OAIM vs. FNARX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in OneAscent International Equity ETF (OAIM) and Fidelity Natural Resources Fund (FNARX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OAIM achieves a 14.17% return, which is significantly lower than FNARX's 21.32% return.

OAIM

• 1D: 0.17%
• 1M: 0.42%
• YTD: 14.17%
• 6M: 16.25%
• 1Y: 27.74%
• 3Y*: 17.52%
• 5Y*: —
• 10Y*: —

FNARX

• 1D: 0.68%
• 1M: -5.08%
• YTD: 21.32%
• 6M: 21.17%
• 1Y: 36.53%
• 3Y*: 20.60%
• 5Y*: 19.60%
• 10Y*: 10.71%

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

OAIM vs. FNARX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
OAIM OneAscent International Equity ETF	14.17%	30.12%	8.18%	16.96%	7.50%
FNARX Fidelity Natural Resources Fund	21.32%	28.67%	3.76%	6.41%	10.83%

Correlation

The correlation between OAIM and FNARX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (All Time) Calculated using the full available price history since Sep 16, 2022	0.46

Over the past year, the correlation between OAIM and FNARX has dropped to 0.26 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.

Return for Risk

OAIM vs. FNARX — Risk / Return Rank

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

OAIM

OAIM Risk / Return Rank: 54
OAIM Sharpe Ratio Rank: 52
OAIM Sortino Ratio Rank: 50
OAIM Omega Ratio Rank: 55
OAIM Calmar Ratio Rank: 54
OAIM Martin Ratio Rank: 58

FNARX

FNARX Risk / Return Rank: 84
FNARX Sharpe Ratio Rank: 82
FNARX Sortino Ratio Rank: 76
FNARX Omega Ratio Rank: 73
FNARX Calmar Ratio Rank: 96
FNARX Martin Ratio Rank: 94

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.

OAIM vs. FNARX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OneAscent International Equity ETF (OAIM) and Fidelity Natural Resources Fund (FNARX). 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.

	OAIM	FNARX	Difference
Sharpe ratio: Return per unit of total volatility	1.59	2.26	-0.67
Sortino ratio: Return per unit of downside risk	2.22	2.97	-0.76
Omega ratio: Gain probability vs. loss probability	1.30	1.38	-0.07
Calmar ratio: Return relative to maximum drawdown	2.42	5.29	-2.87
Martin ratio: Return relative to average drawdown	9.03	16.81	-7.79

OAIM vs. FNARX - Sharpe Ratio Comparison

The current OAIM Sharpe Ratio is 1.59, which is comparable to the FNARX Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of OAIM and FNARX, 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

OAIM vs. FNARX - Drawdown Comparison

The maximum OAIM drawdown since its inception was -14.69%, smaller than the maximum FNARX drawdown of -71.04%. Use the drawdown chart below to compare losses from any high point for OAIM and FNARX.

Drawdown Indicators

	OAIM	FNARX	Difference
Max Drawdown Largest peak-to-trough decline	-14.69%	-71.04%	+56.35%
Max Drawdown (1Y) Largest decline over 1 year	-10.88%	-7.57%	-3.31%
Max Drawdown (3Y) Largest decline over 3 years	-14.69%	-20.64%	+5.95%
Max Drawdown (5Y) Largest decline over 5 years	—	-29.93%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-64.10%	—
Current Drawdown Current decline from peak	-0.79%	-6.94%	+6.15%
Average Drawdown Average peak-to-trough decline	-2.80%	-20.03%	+17.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	2.38%	+0.55%

Volatility

OAIM vs. FNARX - Volatility Comparison

OneAscent International Equity ETF (OAIM) has a higher volatility of 7.43% compared to Fidelity Natural Resources Fund (FNARX) at 5.63%. This indicates that OAIM's price experiences larger fluctuations and is considered to be riskier than FNARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OAIM	FNARX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.43%	5.63%	+1.80%
Volatility (6M) Calculated over the trailing 6-month period	14.50%	14.66%	-0.16%
Volatility (1Y) Calculated over the trailing 1-year period	16.55%	17.78%	-1.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.07%	25.07%	-8.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.07%	26.93%	-9.86%

OAIM vs. FNARX - Expense Ratio Comparison

OAIM has a 0.95% expense ratio, which is higher than FNARX's 0.82% expense ratio.

Dividends

OAIM vs. FNARX - Dividend Comparison

OAIM's dividend yield for the trailing twelve months is around 0.86%, less than FNARX's 1.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNARX Fidelity Natural Resources Fund	1.81%	1.89%	1.51%	1.60%	2.42%	1.46%	1.79%	1.42%	1.17%	1.38%	0.62%	0.78%
OAIM OneAscent International Equity ETF	0.86%	0.98%	2.40%	1.94%	0.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OAIM and FNARX in my portfolio?

OAIM and FNARX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OAIM or FNARX?

OAIM has higher volatility (7.43%) compared to FNARX (5.63%). In terms of maximum drawdown, OAIM dropped -14.69% vs FNARX's -71.04%.

Which has better risk-adjusted returns?

FNARX currently has the higher Sharpe Ratio (2.26 vs 1.59), 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.