OALC vs. ELCV

Last updated Jun 14, 2026

OALC (OneAscent Large Cap Core ETF) and ELCV (Eventide High Dividend ETF) are both exchange-traded funds - OALC is a Large Cap Blend Equities fund actively managed by Oneascent, while ELCV is a Large Cap Value Equities fund actively managed by Eventide. Both are actively managed. Over the past year, OALC returned 30.23% vs 32.38% for ELCV. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.49% expense ratio.

Performance

OALC vs. ELCV - Performance Comparison

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

Returns By Period

In the year-to-date period, OALC achieves a 13.67% return, which is significantly lower than ELCV's 22.21% return.

OALC

• 1D: 0.66%
• 1M: 0.55%
• YTD: 13.67%
• 6M: 14.16%
• 1Y: 30.23%
• 3Y*: 22.11%
• 5Y*: —
• 10Y*: —

ELCV

• 1D: 0.94%
• 1M: 3.52%
• YTD: 22.21%
• 6M: 21.66%
• 1Y: 32.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OALC vs. ELCV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
OALC OneAscent Large Cap Core ETF	13.67%	20.36%	2.02%
ELCV Eventide High Dividend ETF	22.21%	9.96%	-0.64%

Correlation

The correlation between OALC and ELCV is 0.66, 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	0.66
Correlation (All Time) Calculated using the full available price history since Oct 1, 2024	0.68

The correlation between OALC and ELCV has been stable across timeframes, ranging from 0.66 to 0.68 - a consistent structural relationship.

Return for Risk

OALC vs. ELCV — Risk / Return Rank

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

OALC

OALC Risk / Return Rank: 76
OALC Sharpe Ratio Rank: 75
OALC Sortino Ratio Rank: 72
OALC Omega Ratio Rank: 72
OALC Calmar Ratio Rank: 75
OALC Martin Ratio Rank: 84

ELCV

ELCV Risk / Return Rank: 90
ELCV Sharpe Ratio Rank: 89
ELCV Sortino Ratio Rank: 88
ELCV Omega Ratio Rank: 86
ELCV Calmar Ratio Rank: 94
ELCV Martin Ratio Rank: 93

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.

OALC vs. ELCV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OneAscent Large Cap Core ETF (OALC) and Eventide High Dividend ETF (ELCV). 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.

	OALC	ELCV	Difference
Sharpe ratio: Return per unit of total volatility	2.13	2.64	-0.51
Sortino ratio: Return per unit of downside risk	2.88	3.56	-0.68
Omega ratio: Gain probability vs. loss probability	1.37	1.46	-0.09
Calmar ratio: Return relative to maximum drawdown	3.43	6.18	-2.75
Martin ratio: Return relative to average drawdown	15.26	21.66	-6.40

OALC vs. ELCV - Sharpe Ratio Comparison

The current OALC Sharpe Ratio is 2.13, which is comparable to the ELCV Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of OALC and ELCV, 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

OALC vs. ELCV - Drawdown Comparison

The maximum OALC drawdown since its inception was -26.82%, which is greater than ELCV's maximum drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for OALC and ELCV.

Drawdown Indicators

	OALC	ELCV	Difference
Max Drawdown Largest peak-to-trough decline	-26.82%	-18.38%	-8.44%
Max Drawdown (1Y) Largest decline over 1 year	-8.42%	-5.05%	-3.37%
Max Drawdown (3Y) Largest decline over 3 years	-17.64%	—	—
Current Drawdown Current decline from peak	-2.28%	0.00%	-2.28%
Average Drawdown Average peak-to-trough decline	-7.00%	-3.70%	-3.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	1.45%	+0.44%

Volatility

OALC vs. ELCV - Volatility Comparison

OneAscent Large Cap Core ETF (OALC) has a higher volatility of 5.13% compared to Eventide High Dividend ETF (ELCV) at 4.47%. This indicates that OALC's price experiences larger fluctuations and is considered to be riskier than ELCV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OALC	ELCV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.13%	4.47%	+0.66%
Volatility (6M) Calculated over the trailing 6-month period	10.79%	9.21%	+1.58%
Volatility (1Y) Calculated over the trailing 1-year period	13.58%	11.89%	+1.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.33%	15.48%	+1.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.33%	15.48%	+1.85%

OALC vs. ELCV - Expense Ratio Comparison

Both OALC and ELCV have an expense ratio of 0.49%.

Dividends

OALC vs. ELCV - Dividend Comparison

OALC's dividend yield for the trailing twelve months is around 0.53%, less than ELCV's 1.75% yield.

Position	TTM	2025	2024	2023	2022	2021
ELCV Eventide High Dividend ETF	1.75%	2.34%	0.29%	0.00%	0.00%	0.00%
OALC OneAscent Large Cap Core ETF	0.53%	0.61%	0.70%	0.40%	0.40%	0.06%

Frequently Asked Questions

Can I hold both OALC and ELCV in my portfolio?

OALC and ELCV have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OALC or ELCV?

OALC has higher volatility (5.13%) compared to ELCV (4.47%). In terms of maximum drawdown, OALC dropped -26.82% vs ELCV's -18.38%.

Which ETF is better, OALC or ELCV?

On 1-year performance, ELCV leads with 32.38% vs 30.23% for OALC. Both ETFs have the same 0.49% expense ratio. On volatility, ELCV has been the lower-risk option at 4.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OALC or ELCV?

Over the 1-year period, ELCV has performed better with a 32.38% return vs 30.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OALC or ELCV?

OALC and ELCV have the same expense ratio: 0.49% per year.

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

ELCV has the higher dividend yield at 1.75%, compared with 0.53% for OALC.

What is the main difference between OALC and ELCV?

OALC is categorized as Large Cap Blend Equities, while ELCV is Large Cap Value Equities. They also come from different issuers: Oneascent and Eventide.

Which has better risk-adjusted returns?

ELCV currently has the higher Sharpe Ratio (2.64 vs 2.13), 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.