OALC vs. THLV

Last updated Jun 24, 2026

OALC (OneAscent Large Cap Core ETF) and THLV (THOR Equal Weight Low Volatility ETF) are both Large Cap Blend Equities funds. OALC is actively managed, while THLV is passively managed. Over the past 3 years, OALC returned 22.15%/yr vs 12.14%/yr for THLV. A 0.76 correlation means they provide meaningful diversification when combined. OALC charges 0.49%/yr vs 0.64%/yr for THLV.

Performance

OALC vs. THLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in OneAscent Large Cap Core ETF (OALC) and THOR Equal Weight Low Volatility ETF (THLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OALC achieves a 13.18% return, which is significantly higher than THLV's 10.20% return.

OALC

• 1D: -1.66%
• 1M: 0.31%
• YTD: 13.18%
• 6M: 12.19%
• 1Y: 28.83%
• 3Y*: 22.15%
• 5Y*: —
• 10Y*: —

THLV

• 1D: -0.82%
• 1M: 1.23%
• YTD: 10.20%
• 6M: 9.69%
• 1Y: 18.38%
• 3Y*: 12.14%
• 5Y*: —
• 10Y*: —

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

OALC vs. THLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
OALC OneAscent Large Cap Core ETF	13.18%	20.36%	19.64%	22.03%	-1.88%
THLV THOR Equal Weight Low Volatility ETF	10.20%	10.50%	9.52%	5.88%	1.22%

Correlation

The correlation between OALC and THLV is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (All Time) Calculated using the full available price history since Sep 13, 2022	0.76

The correlation between OALC and THLV shifts across timeframes, from 0.65 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.

OALC vs. THLV - Sectors Allocation Comparison

Sectors	OALC	THLV
Technology	37.8%	18.1%
Financial Services	14.7%	13.4%
Consumer Cyclical	11.1%	15.7%
Communication Services	8.4%	0.2%
Industrials	7.6%	13.2%
Healthcare	6.4%	12.5%
Consumer Defensive	5.3%	13.7%
Utilities	3.0%	13.7%
Energy	2.5%	17.5%
Basic Materials	1.3%	11.9%
Real Estate	1.0%	13.9%

Return for Risk

OALC vs. THLV — Risk / Return Rank

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

OALC

OALC Risk / Return Rank: 73
OALC Sharpe Ratio Rank: 71
OALC Sortino Ratio Rank: 68
OALC Omega Ratio Rank: 68
OALC Calmar Ratio Rank: 74
OALC Martin Ratio Rank: 82

THLV

THLV Risk / Return Rank: 57
THLV Sharpe Ratio Rank: 58
THLV Sortino Ratio Rank: 58
THLV Omega Ratio Rank: 55
THLV Calmar Ratio Rank: 61
THLV Martin Ratio Rank: 52

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. THLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OneAscent Large Cap Core ETF (OALC) and THOR Equal Weight Low Volatility ETF (THLV). 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	THLV	Difference
Sharpe ratio: Return per unit of total volatility	2.09	1.80	+0.29
Sortino ratio: Return per unit of downside risk	2.84	2.53	+0.31
Omega ratio: Gain probability vs. loss probability	1.37	1.32	+0.05
Calmar ratio: Return relative to maximum drawdown	3.44	2.77	+0.67
Martin ratio: Return relative to average drawdown	15.19	8.24	+6.94

OALC vs. THLV - Sharpe Ratio Comparison

The current OALC Sharpe Ratio is 2.09, which is comparable to the THLV Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of OALC and THLV, 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. THLV - Drawdown Comparison

The maximum OALC drawdown since its inception was -26.82%, which is greater than THLV's maximum drawdown of -13.15%. Use the drawdown chart below to compare losses from any high point for OALC and THLV.

Drawdown Indicators

	OALC	THLV	Difference
Max Drawdown Largest peak-to-trough decline	-26.82%	-13.15%	-13.67%
Max Drawdown (1Y) Largest decline over 1 year	-8.42%	-6.66%	-1.76%
Max Drawdown (3Y) Largest decline over 3 years	-17.64%	-13.15%	-4.49%
Current Drawdown Current decline from peak	-2.70%	-1.35%	-1.35%
Average Drawdown Average peak-to-trough decline	-6.98%	-3.74%	-3.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	2.23%	-0.33%

Volatility

OALC vs. THLV - Volatility Comparison

OneAscent Large Cap Core ETF (OALC) has a higher volatility of 5.67% compared to THOR Equal Weight Low Volatility ETF (THLV) at 3.95%. This indicates that OALC's price experiences larger fluctuations and is considered to be riskier than THLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OALC	THLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.67%	3.95%	+1.72%
Volatility (6M) Calculated over the trailing 6-month period	11.04%	8.03%	+3.01%
Volatility (1Y) Calculated over the trailing 1-year period	13.86%	10.29%	+3.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.35%	11.81%	+5.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.35%	11.81%	+5.54%

OALC vs. THLV - Expense Ratio Comparison

OALC has a 0.49% expense ratio, which is lower than THLV's 0.64% expense ratio.

Dividends

OALC vs. THLV - Dividend Comparison

OALC's dividend yield for the trailing twelve months is around 0.54%, less than THLV's 1.61% yield.

Position	TTM	2025	2024	2023	2022	2021
OALC OneAscent Large Cap Core ETF	0.54%	0.61%	0.70%	0.40%	0.40%	0.06%
THLV THOR Equal Weight Low Volatility ETF	1.61%	1.77%	1.25%	2.72%	0.62%	0.00%

Frequently Asked Questions

Can I hold both OALC and THLV in my portfolio?

OALC and THLV have a correlation of 0.65, 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 THLV?

OALC has higher volatility (5.67%) compared to THLV (3.95%). In terms of maximum drawdown, OALC dropped -26.82% vs THLV's -13.15%.

Which ETF is better, OALC or THLV?

On 3-year performance, OALC leads with 22.15% vs 12.14% for THLV. On fees, OALC is cheaper at 0.49% per year. On volatility, THLV has been the lower-risk option at 3.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OALC or THLV?

Over the 3-year period, OALC has performed better with a 22.15% return vs 12.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OALC or THLV?

OALC is cheaper with a 0.49% expense ratio, compared with 0.64% for THLV.

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

THLV has the higher dividend yield at 1.61%, compared with 0.54% for OALC.

What is the main difference between OALC and THLV?

They also come from different issuers: Oneascent and THOR. Their fees differ too: 0.49% for OALC and 0.64% for THLV.

Which has better risk-adjusted returns?

OALC currently has the higher Sharpe Ratio (2.09 vs 1.80), 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.