OALC vs. EQL
OALC (OneAscent Large Cap Core ETF) and EQL (ALPS Equal Sector Weight ETF) are both Large Cap Blend Equities funds. OALC is actively managed, while EQL is passively managed. Over the past 3 years, OALC returned 22.09%/yr vs 15.68%/yr for EQL. Their correlation of 0.85 means they have usually moved in the same direction. OALC charges 0.49%/yr vs 0.27%/yr for EQL.
Performance
OALC vs. EQL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, OALC achieves a 16.37% return, which is significantly higher than EQL's 11.79% return.
OALC
- 1D
- 1.33%
- 1M
- 2.29%
- 6M
- 13.21%
- YTD
- 16.37%
- 1Y
- 26.79%
- 3Y*
- 22.09%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.50%
EQL
- 1D
- 0.98%
- 1M
- 1.30%
- 6M
- 7.57%
- YTD
- 11.79%
- 1Y
- 19.50%
- 3Y*
- 15.68%
- 5Y*
- 10.87%
- 10Y*
- 12.40%
- ALL TIME*
- 13.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.24M | $2.89M | $2.73M | |
| $714.34K | $936.92K | $869.32K |
OALC vs. EQL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OALC OneAscent Large Cap Core ETF | 16.37% | 20.36% | 19.64% | 22.03% | -18.08% | -0.32% |
EQL ALPS Equal Sector Weight ETF | 11.79% | 13.09% | 16.44% | 16.87% | -10.72% | 2.02% |
Correlation
The correlation between OALC and EQL is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021 | 0.85 |
The correlation between OALC and EQL shifts across timeframes, from 0.69 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.
OALC vs. EQL - Sectors Allocation Comparison
Sectors
OALC
EQL
Technology
Financial Services
Consumer Cyclical
Communication Services
Industrials
Healthcare
Consumer Defensive
Utilities
Energy
Basic Materials
Real Estate
Technology
OALC
EQL
Financial Services
OALC
EQL
Consumer Cyclical
OALC
EQL
Communication Services
OALC
EQL
Industrials
OALC
EQL
Healthcare
OALC
EQL
Consumer Defensive
OALC
EQL
Utilities
OALC
EQL
Energy
OALC
EQL
Basic Materials
OALC
EQL
Real Estate
OALC
EQL
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
OALC vs. EQL — Risk / Return Rank
OALC
EQL
OALC vs. EQL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for OneAscent Large Cap Core ETF (OALC) and ALPS Equal Sector Weight ETF (EQL). 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 | EQL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.38 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 3.16 | +0.03 |
| Martin ratioReturn relative to average drawdown | 12.92 | 12.39 | +0.54 |
Loading charts...
Drawdowns
OALC vs. EQL - Drawdown Comparison
The maximum OALC drawdown since its inception was -26.82%, smaller than the maximum EQL drawdown of -35.65%. Use the drawdown chart below to compare losses from any high point for OALC and EQL.
Loading charts...
Drawdown Indicators
| OALC | EQL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.82% | -35.65% | +8.83% |
Max Drawdown (1Y)Largest decline over 1 year | -8.42% | -6.19% | -2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -17.64% | -15.07% | -2.57% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.65% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.86% | -3.23% | -3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 1.58% | +0.50% |
Volatility
OALC vs. EQL - Volatility Comparison
OneAscent Large Cap Core ETF (OALC) has a higher volatility of 4.50% compared to ALPS Equal Sector Weight ETF (EQL) at 2.29%. This indicates that OALC's price experiences larger fluctuations and is considered to be riskier than EQL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| OALC | EQL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 2.29% | +2.21% |
Volatility (6M)Calculated over the trailing 6-month period | 11.62% | 7.09% | +4.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.41% | 9.47% | +4.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.30% | 14.52% | +2.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.30% | 16.49% | +0.81% |
OALC vs. EQL - Expense Ratio Comparison
OALC has a 0.49% expense ratio, which is higher than EQL's 0.27% expense ratio.
Dividends
OALC vs. EQL - Dividend Comparison
OALC's dividend yield for the trailing twelve months is around 0.52%, less than EQL's 1.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQL ALPS Equal Sector Weight ETF | 1.34% | 1.73% | 1.78% | 1.96% | 2.14% | 1.69% | 2.29% | 1.95% | 2.39% | 1.97% | 2.89% | 2.07% |
OALC OneAscent Large Cap Core ETF | 0.52% | 0.61% | 0.70% | 0.40% | 0.40% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
OALC and EQL 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.
OALC has higher volatility (4.50%) compared to EQL (2.29%). In terms of maximum drawdown, OALC dropped -26.82% vs EQL's -35.65%.
On 3-year performance, OALC leads with 22.09% vs 15.68% for EQL. On fees, EQL is cheaper at 0.27% per year. On volatility, EQL has been the lower-risk option at 2.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, OALC has performed better with a 22.09% return vs 15.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EQL is cheaper with a 0.27% expense ratio, compared with 0.49% for OALC.
EQL has the higher dividend yield at 1.34%, compared with 0.52% for OALC.
They also come from different issuers: Oneascent and SS&C. Their fees differ too: 0.49% for OALC and 0.27% for EQL.
EQL currently has the higher Sharpe Ratio (2.07 vs 1.87), 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.
Find the right allocation for OALC and EQL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer