OALC vs. IAU
OALC (OneAscent Large Cap Core ETF) and IAU (iShares Gold Trust) are both exchange-traded funds - OALC is a Large Cap Blend Equities fund actively managed by Oneascent, while IAU is a Gold fund tracking the LBMA Gold Price. OALC is actively managed, while IAU is passively managed. Over the past 3 years, OALC returned 22.11%/yr vs 29.07%/yr for IAU. At a 0.14 correlation, their price movements are largely independent. OALC charges 0.49%/yr vs 0.25%/yr for IAU.
Performance
OALC vs. IAU - Performance Comparison
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Returns By Period
In the year-to-date period, OALC achieves a 13.67% return, which is significantly higher than IAU's -2.44% return.
OALC
- 1D
- 0.66%
- 1M
- 0.55%
- YTD
- 13.67%
- 6M
- 14.16%
- 1Y
- 30.23%
- 3Y*
- 22.11%
- 5Y*
- —
- 10Y*
- —
IAU
- 1D
- 0.08%
- 1M
- -9.54%
- YTD
- -2.44%
- 6M
- -2.22%
- 1Y
- 22.32%
- 3Y*
- 29.07%
- 5Y*
- 17.23%
- 10Y*
- 12.31%
OALC vs. IAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OALC OneAscent Large Cap Core ETF | 13.67% | 20.36% | 19.64% | 22.03% | -18.08% | -0.32% |
IAU iShares Gold Trust | -2.44% | 63.95% | 26.85% | 12.84% | -0.63% | -1.81% |
Correlation
The correlation between OALC and IAU is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021 | 0.14 |
The correlation between OALC and IAU shifts across timeframes, from 0.14 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
OALC vs. IAU — Risk / Return Rank
OALC
IAU
OALC vs. IAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for OneAscent Large Cap Core ETF (OALC) and iShares Gold Trust (IAU). 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 | IAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.19 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.43 | 0.99 | +2.44 |
| Martin ratioReturn relative to average drawdown | 15.26 | 2.83 | +12.43 |
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Drawdowns
OALC vs. IAU - Drawdown Comparison
The maximum OALC drawdown since its inception was -26.82%, smaller than the maximum IAU drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for OALC and IAU.
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Drawdown Indicators
| OALC | IAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.82% | -45.14% | +18.32% |
Max Drawdown (1Y)Largest decline over 1 year | -8.42% | -24.40% | +15.98% |
Max Drawdown (3Y)Largest decline over 3 years | -17.64% | -24.40% | +6.76% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.40% | — |
Current DrawdownCurrent decline from peak | -2.28% | -22.03% | +19.75% |
Average DrawdownAverage peak-to-trough decline | -7.00% | -15.97% | +8.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 8.47% | -6.58% |
Volatility
OALC vs. IAU - Volatility Comparison
The current volatility for OneAscent Large Cap Core ETF (OALC) is 5.13%, while iShares Gold Trust (IAU) has a volatility of 7.70%. This indicates that OALC experiences smaller price fluctuations and is considered to be less risky than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OALC | IAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 7.70% | -2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 10.79% | 23.94% | -13.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.58% | 27.17% | -13.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.33% | 18.16% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.33% | 16.02% | +1.31% |
OALC vs. IAU - Expense Ratio Comparison
OALC has a 0.49% expense ratio, which is higher than IAU's 0.25% expense ratio.
Dividends
OALC vs. IAU - Dividend Comparison
OALC's dividend yield for the trailing twelve months is around 0.53%, while IAU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IAU iShares Gold Trust | 0.00% | 0.00% | 0.00% | 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
OALC and IAU have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAU has higher volatility (7.70%) compared to OALC (5.13%). In terms of maximum drawdown, OALC dropped -26.82% vs IAU's -45.14%.
On 3-year performance, IAU leads with 29.07% vs 22.11% for OALC. On fees, IAU is cheaper at 0.25% per year. On volatility, OALC has been the lower-risk option at 5.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IAU has performed better with a 29.07% return vs 22.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAU is cheaper with a 0.25% expense ratio, compared with 0.49% for OALC.
OALC has the higher dividend yield at 0.53%, compared with 0.00% for IAU.
OALC is categorized as Large Cap Blend Equities, while IAU is Gold. They also come from different issuers: Oneascent and iShares. Their fees differ too: 0.49% for OALC and 0.25% for IAU.
OALC currently has the higher Sharpe Ratio (2.13 vs 0.89), 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.
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