OALC vs. OACP

Last updated Jun 23, 2026

OALC (OneAscent Large Cap Core ETF) and OACP (OneAscent Core Plus Bond ETF) are both exchange-traded funds - OALC is a Large Cap Blend Equities fund actively managed by Oneascent, while OACP is a Intermediate Core-Plus Bond fund actively managed by Oneascent. Both are actively managed. Over the past 3 years, OALC returned 22.83%/yr vs 4.42%/yr for OACP. At a 0.24 correlation, their price movements are largely independent. OALC charges 0.49%/yr vs 0.77%/yr for OACP.

Performance

OALC vs. OACP - Performance Comparison

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

Returns By Period

In the year-to-date period, OALC achieves a 15.09% return, which is significantly higher than OACP's 0.24% return.

OALC

• 1D: -0.23%
• 1M: 2.00%
• YTD: 15.09%
• 6M: 14.49%
• 1Y: 32.10%
• 3Y*: 22.83%
• 5Y*: —
• 10Y*: —

OACP

• 1D: -0.29%
• 1M: 0.74%
• YTD: 0.24%
• 6M: 0.53%
• 1Y: 4.76%
• 3Y*: 4.42%
• 5Y*: —
• 10Y*: —

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

OALC vs. OACP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
OALC OneAscent Large Cap Core ETF	15.09%	20.36%	19.64%	22.03%	-11.17%
OACP OneAscent Core Plus Bond ETF	0.24%	7.17%	2.37%	6.04%	-7.87%

Correlation

The correlation between OALC and OACP is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (All Time) Calculated using the full available price history since Mar 31, 2022	0.24

The correlation between OALC and OACP shifts across timeframes, from 0.24 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

OALC vs. OACP — Risk / Return Rank

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

OALC

OALC Risk / Return Rank: 77
OALC Sharpe Ratio Rank: 76
OALC Sortino Ratio Rank: 73
OALC Omega Ratio Rank: 72
OALC Calmar Ratio Rank: 77
OALC Martin Ratio Rank: 85

OACP

OACP Risk / Return Rank: 38
OACP Sharpe Ratio Rank: 40
OACP Sortino Ratio Rank: 40
OACP Omega Ratio Rank: 38
OACP Calmar Ratio Rank: 38
OACP Martin Ratio Rank: 35

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. OACP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OneAscent Large Cap Core ETF (OALC) and OneAscent Core Plus Bond ETF (OACP). 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	OACP	Difference
Sharpe ratio: Return per unit of total volatility	2.35	1.37	+0.98
Sortino ratio: Return per unit of downside risk	3.16	2.01	+1.15
Omega ratio: Gain probability vs. loss probability	1.41	1.24	+0.17
Calmar ratio: Return relative to maximum drawdown	3.83	1.84	+1.99
Martin ratio: Return relative to average drawdown	16.98	5.11	+11.87

OALC vs. OACP - Sharpe Ratio Comparison

The current OALC Sharpe Ratio is 2.35, which is higher than the OACP Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of OALC and OACP, 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. OACP - Drawdown Comparison

The maximum OALC drawdown since its inception was -26.82%, which is greater than OACP's maximum drawdown of -11.81%. Use the drawdown chart below to compare losses from any high point for OALC and OACP.

Drawdown Indicators

	OALC	OACP	Difference
Max Drawdown Largest peak-to-trough decline	-26.82%	-11.81%	-15.01%
Max Drawdown (1Y) Largest decline over 1 year	-8.42%	-2.60%	-5.82%
Max Drawdown (3Y) Largest decline over 3 years	-17.64%	-5.89%	-11.75%
Current Drawdown Current decline from peak	-1.06%	-1.29%	+0.23%
Average Drawdown Average peak-to-trough decline	-6.98%	-3.57%	-3.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	0.93%	+0.97%

Volatility

OALC vs. OACP - Volatility Comparison

OneAscent Large Cap Core ETF (OALC) has a higher volatility of 5.39% compared to OneAscent Core Plus Bond ETF (OACP) at 0.96%. This indicates that OALC's price experiences larger fluctuations and is considered to be riskier than OACP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OALC	OACP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.39%	0.96%	+4.43%
Volatility (6M) Calculated over the trailing 6-month period	10.92%	2.67%	+8.25%
Volatility (1Y) Calculated over the trailing 1-year period	13.77%	3.51%	+10.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.34%	5.79%	+11.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.34%	5.79%	+11.55%

OALC vs. OACP - Expense Ratio Comparison

OALC has a 0.49% expense ratio, which is lower than OACP's 0.77% expense ratio.

Dividends

OALC vs. OACP - Dividend Comparison

OALC's dividend yield for the trailing twelve months is around 0.53%, less than OACP's 4.37% yield.

Position	TTM	2025	2024	2023	2022	2021
OACP OneAscent Core Plus Bond ETF	4.37%	4.46%	4.51%	3.87%	2.34%	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 OACP in my portfolio?

OALC and OACP have a correlation of 0.36, 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 OACP?

OALC has higher volatility (5.39%) compared to OACP (0.96%). In terms of maximum drawdown, OALC dropped -26.82% vs OACP's -11.81%.

Which ETF is better, OALC or OACP?

On 3-year performance, OALC leads with 22.83% vs 4.42% for OACP. On fees, OALC is cheaper at 0.49% per year. On volatility, OACP has been the lower-risk option at 0.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OALC or OACP?

Over the 3-year period, OALC has performed better with a 22.83% return vs 4.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OALC or OACP?

OALC is cheaper with a 0.49% expense ratio, compared with 0.77% for OACP.

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

OACP has the higher dividend yield at 4.37%, compared with 0.53% for OALC.

What is the main difference between OALC and OACP?

OALC is categorized as Large Cap Blend Equities, while OACP is Intermediate Core-Plus Bond. Their fees differ too: 0.49% for OALC and 0.77% for OACP.

Which has better risk-adjusted returns?

OALC currently has the higher Sharpe Ratio (2.35 vs 1.37), 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.