OALC vs. FTGS
Compare and contrast key facts about OneAscent Large Cap Core ETF (OALC) and First Trust Growth Strength ETF (FTGS).
OALC and FTGS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OALC is an actively managed fund by Oneascent. It was launched on Nov 15, 2021. FTGS is a passively managed fund by First Trust that tracks the performance of the The Growth Strength Index - Benchmark TR Gross. It was launched on Oct 25, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OALC or FTGS.
Key characteristics
| OALC | FTGS | |
|---|---|---|
| YTD Return | 14.77% | 12.98% |
| 1Y Return | 24.43% | 27.85% |
| Sharpe Ratio | 1.90 | 1.84 |
| Daily Std Dev | 12.84% | 15.07% |
| Max Drawdown | -26.82% | -9.50% |
| Current Drawdown | -0.93% | -3.33% |
Correlation
The correlation between OALC and FTGS is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
OALC vs. FTGS - Performance Comparison
In the year-to-date period, OALC achieves a 14.77% return, which is significantly higher than FTGS's 12.98% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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OALC vs. FTGS - Expense Ratio Comparison
OALC has a 0.49% expense ratio, which is lower than FTGS's 0.60% expense ratio.
Risk-Adjusted Performance
OALC vs. FTGS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for OneAscent Large Cap Core ETF (OALC) and First Trust Growth Strength ETF (FTGS). 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.
Dividends
OALC vs. FTGS - Dividend Comparison
OALC's dividend yield for the trailing twelve months is around 0.35%, which matches FTGS's 0.35% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
OALC OneAscent Large Cap Core ETF | 0.35% | 0.40% | 0.40% | 0.06% |
FTGS First Trust Growth Strength ETF | 0.35% | 0.62% | 0.21% | 0.00% |
Drawdowns
OALC vs. FTGS - Drawdown Comparison
The maximum OALC drawdown since its inception was -26.82%, which is greater than FTGS's maximum drawdown of -9.50%. Use the drawdown chart below to compare losses from any high point for OALC and FTGS. For additional features, visit the drawdowns tool.
Volatility
OALC vs. FTGS - Volatility Comparison
The current volatility for OneAscent Large Cap Core ETF (OALC) is 4.15%, while First Trust Growth Strength ETF (FTGS) has a volatility of 4.55%. This indicates that OALC experiences smaller price fluctuations and is considered to be less risky than FTGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.