OAIM vs. KEMX

Last updated Jun 4, 2026

OAIM (OneAscent International Equity ETF) and KEMX (KraneShares MSCI Emerging Markets ex China Index ETF) are both Foreign Large Cap Equities funds. OAIM is actively managed, while KEMX is passively managed. Over the past 3 years, OAIM returned 18.28%/yr vs 29.66%/yr for KEMX. A 0.79 correlation means they provide meaningful diversification when combined. OAIM charges 0.95%/yr vs 0.25%/yr for KEMX.

Performance

OAIM vs. KEMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in OneAscent International Equity ETF (OAIM) and KraneShares MSCI Emerging Markets ex China Index ETF (KEMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OAIM achieves a 13.99% return, which is significantly lower than KEMX's 42.26% return.

OAIM

• 1D: -0.55%
• 1M: 3.26%
• YTD: 13.99%
• 6M: 17.44%
• 1Y: 27.84%
• 3Y*: 18.28%
• 5Y*: —
• 10Y*: —

KEMX

• 1D: -1.31%
• 1M: 13.02%
• YTD: 42.26%
• 6M: 47.92%
• 1Y: 79.97%
• 3Y*: 29.66%
• 5Y*: 13.52%
• 10Y*: —

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

OAIM vs. KEMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
OAIM OneAscent International Equity ETF	13.99%	30.12%	8.18%	16.96%	7.91%
KEMX KraneShares MSCI Emerging Markets ex China Index ETF	42.26%	38.28%	0.36%	20.57%	3.99%

Correlation

The correlation between OAIM and KEMX is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (All Time) Calculated using the full available price history since Sep 19, 2022	0.79

The correlation between OAIM and KEMX has been stable across timeframes, ranging from 0.77 to 0.79 - a consistent structural relationship.

OAIM vs. KEMX - Sectors Allocation Comparison

Sectors	OAIM	KEMX
Financial Services	24.4%	20.7%
Industrials	21.0%	8.6%
Technology	11.8%	41.2%
Energy	10.3%	4.8%
Basic Materials	8.5%	8.2%
Utilities	7.5%	2.0%
Consumer Cyclical	6.3%	5.4%
Communication Services	5.6%	3.2%
Real Estate	1.9%	1.2%
Consumer Defensive	1.6%	3.0%
Healthcare	1.1%	1.7%

Return for Risk

OAIM vs. KEMX — 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: 53
OAIM Sortino Ratio Rank: 52
OAIM Omega Ratio Rank: 54
OAIM Calmar Ratio Rank: 53
OAIM Martin Ratio Rank: 56

KEMX

KEMX Risk / Return Rank: 91
KEMX Sharpe Ratio Rank: 93
KEMX Sortino Ratio Rank: 91
KEMX Omega Ratio Rank: 92
KEMX Calmar Ratio Rank: 88
KEMX Martin Ratio Rank: 90

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. KEMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OneAscent International Equity ETF (OAIM) and KraneShares MSCI Emerging Markets ex China Index ETF (KEMX). 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.

	OAIM	KEMX	Difference
Sharpe ratio Return per unit of total volatility	1.80	3.59	-1.79
Sortino ratio Return per unit of downside risk	2.49	4.31	-1.82
Omega ratio Gain probability vs. loss probability	1.33	1.62	-0.28
Calmar ratio Return relative to maximum drawdown	2.57	5.24	-2.67
Martin ratio Return relative to average drawdown	9.70	20.86	-11.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OAIM vs. KEMX - Sharpe Ratio Comparison

The current OAIM Sharpe Ratio is 1.80, which is lower than the KEMX Sharpe Ratio of 3.59. The chart below compares the historical Sharpe Ratios of OAIM and KEMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OAIM	KEMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.80	3.59	-1.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.25	0.68	+0.57

Drawdowns

OAIM vs. KEMX - Drawdown Comparison

The maximum OAIM drawdown since its inception was -14.69%, smaller than the maximum KEMX drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for OAIM and KEMX.

Drawdown Indicators

	OAIM	KEMX	Difference
Max Drawdown Largest peak-to-trough decline	-14.69%	-38.80%	+24.11%
Max Drawdown (1Y) Largest decline over 1 year	-10.88%	-15.36%	+4.48%
Max Drawdown (3Y) Largest decline over 3 years	-14.69%	-19.62%	+4.93%
Max Drawdown (5Y) Largest decline over 5 years	—	-30.85%	—
Current Drawdown Current decline from peak	-0.94%	-1.31%	+0.37%
Average Drawdown Average peak-to-trough decline	-2.80%	-8.86%	+6.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.88%	3.85%	-0.97%

Volatility

OAIM vs. KEMX - Volatility Comparison

The current volatility for OneAscent International Equity ETF (OAIM) is 5.63%, while KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) has a volatility of 9.86%. This indicates that OAIM experiences smaller price fluctuations and is considered to be less risky than KEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OAIM	KEMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.63%	9.86%	-4.23%
Volatility (6M) Calculated over the trailing 6-month period	13.31%	19.90%	-6.59%
Volatility (1Y) Calculated over the trailing 1-year period	15.51%	22.40%	-6.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.87%	18.21%	-1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.87%	20.94%	-4.07%

OAIM vs. KEMX - Expense Ratio Comparison

OAIM has a 0.95% expense ratio, which is higher than KEMX's 0.25% expense ratio.

Dividends

OAIM vs. KEMX - Dividend Comparison

OAIM's dividend yield for the trailing twelve months is around 0.86%, less than KEMX's 2.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
KEMX KraneShares MSCI Emerging Markets ex China Index ETF	2.31%	3.28%	3.39%	2.00%	4.10%	4.79%	1.69%	2.77%
OAIM OneAscent International Equity ETF	0.86%	0.98%	2.40%	1.94%	0.60%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OAIM and KEMX in my portfolio?

OAIM and KEMX have a correlation of 0.77, 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 KEMX?

KEMX has higher volatility (9.86%) compared to OAIM (5.63%). In terms of maximum drawdown, OAIM dropped -14.69% vs KEMX's -38.80%.

Which ETF is better, OAIM or KEMX?

On 3-year performance, KEMX leads with 29.66% vs 18.28% for OAIM. On fees, KEMX is cheaper at 0.25% per year. On volatility, OAIM has been the lower-risk option at 5.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OAIM or KEMX?

Over the 3-year period, KEMX has performed better with a 29.66% return vs 18.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OAIM or KEMX?

KEMX is cheaper with a 0.25% expense ratio, compared with 0.95% for OAIM.

Which ETF pays a higher dividend yield, OAIM or KEMX?

KEMX has the higher dividend yield at 2.31%, compared with 0.86% for OAIM.

What is the main difference between OAIM and KEMX?

They also come from different issuers: Oneascent and CICC. Their fees differ too: 0.95% for OAIM and 0.25% for KEMX.

Which has better risk-adjusted returns?

KEMX currently has the higher Sharpe Ratio (3.59 vs 1.80), 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.