OALC vs. UJUN

Last updated Jun 24, 2026

OALC (OneAscent Large Cap Core ETF) and UJUN (Innovator U.S. Equity Ultra Buffer ETF - June) are both Large Cap Blend Equities funds. OALC is actively managed, while UJUN is passively managed. Over the past 3 years, OALC returned 22.15%/yr vs 10.46%/yr for UJUN. Their correlation of 0.89 suggests significant overlap in exposure. OALC charges 0.49%/yr vs 0.79%/yr for UJUN.

Performance

OALC vs. UJUN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in OneAscent Large Cap Core ETF (OALC) and Innovator U.S. Equity Ultra Buffer ETF - June (UJUN). 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 UJUN's 1.98% return.

OALC

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

UJUN

• 1D: -0.66%
• 1M: -1.20%
• YTD: 1.98%
• 6M: 2.05%
• 1Y: 8.54%
• 3Y*: 10.46%
• 5Y*: 5.95%
• 10Y*: —

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

OALC vs. UJUN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
OALC OneAscent Large Cap Core ETF	13.18%	20.36%	19.64%	22.03%	-18.08%	-0.32%
UJUN Innovator U.S. Equity Ultra Buffer ETF - June	1.98%	10.63%	12.49%	12.17%	-8.86%	0.41%

Correlation

The correlation between OALC and UJUN is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021	0.89

The correlation between OALC and UJUN has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.

OALC vs. UJUN - Sectors Allocation Comparison

Sectors	OALC	UJUN
Technology	37.8%	38.4%
Financial Services	14.7%	11.0%
Consumer Cyclical	11.1%	10.0%
Communication Services	8.4%	10.8%
Industrials	7.6%	7.9%
Healthcare	6.4%	8.4%
Consumer Defensive	5.3%	4.6%
Utilities	3.0%	2.1%
Energy	2.5%	3.2%
Basic Materials	1.3%	1.7%
Real Estate	1.0%	1.8%

Return for Risk

OALC vs. UJUN — 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

UJUN

UJUN Risk / Return Rank: 70
UJUN Sharpe Ratio Rank: 61
UJUN Sortino Ratio Rank: 65
UJUN Omega Ratio Rank: 78
UJUN Calmar Ratio Rank: 65
UJUN Martin Ratio Rank: 83

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. UJUN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OneAscent Large Cap Core ETF (OALC) and Innovator U.S. Equity Ultra Buffer ETF - June (UJUN). 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	UJUN	Difference
Sharpe ratio: Return per unit of total volatility	2.09	1.87	+0.22
Sortino ratio: Return per unit of downside risk	2.84	2.75	+0.09
Omega ratio: Gain probability vs. loss probability	1.37	1.42	-0.06
Calmar ratio: Return relative to maximum drawdown	3.44	3.02	+0.42
Martin ratio: Return relative to average drawdown	15.19	15.83	-0.65

OALC vs. UJUN - Sharpe Ratio Comparison

The current OALC Sharpe Ratio is 2.09, which is comparable to the UJUN Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of OALC and UJUN, 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. UJUN - Drawdown Comparison

The maximum OALC drawdown since its inception was -26.82%, which is greater than UJUN's maximum drawdown of -13.73%. Use the drawdown chart below to compare losses from any high point for OALC and UJUN.

Drawdown Indicators

	OALC	UJUN	Difference
Max Drawdown Largest peak-to-trough decline	-26.82%	-13.73%	-13.09%
Max Drawdown (1Y) Largest decline over 1 year	-8.42%	-2.84%	-5.58%
Max Drawdown (3Y) Largest decline over 3 years	-17.64%	-11.24%	-6.40%
Max Drawdown (5Y) Largest decline over 5 years	—	-11.96%	—
Current Drawdown Current decline from peak	-2.70%	-1.59%	-1.11%
Average Drawdown Average peak-to-trough decline	-6.98%	-2.06%	-4.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	0.54%	+1.36%

Volatility

OALC vs. UJUN - Volatility Comparison

OneAscent Large Cap Core ETF (OALC) has a higher volatility of 5.67% compared to Innovator U.S. Equity Ultra Buffer ETF - June (UJUN) at 2.24%. This indicates that OALC's price experiences larger fluctuations and is considered to be riskier than UJUN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OALC	UJUN	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.67%	2.24%	+3.43%
Volatility (6M) Calculated over the trailing 6-month period	11.04%	3.88%	+7.16%
Volatility (1Y) Calculated over the trailing 1-year period	13.86%	4.60%	+9.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.35%	8.38%	+8.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.35%	8.78%	+8.57%

OALC vs. UJUN - Expense Ratio Comparison

OALC has a 0.49% expense ratio, which is lower than UJUN's 0.79% expense ratio.

Dividends

OALC vs. UJUN - Dividend Comparison

OALC's dividend yield for the trailing twelve months is around 0.54%, while UJUN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
OALC OneAscent Large Cap Core ETF	0.54%	0.61%	0.70%	0.40%	0.40%	0.06%	0.00%	0.00%
UJUN Innovator U.S. Equity Ultra Buffer ETF - June	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.89%

Frequently Asked Questions

Can I hold both OALC and UJUN in my portfolio?

OALC and UJUN have a correlation of 0.83, 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 UJUN?

OALC has higher volatility (5.67%) compared to UJUN (2.24%). In terms of maximum drawdown, OALC dropped -26.82% vs UJUN's -13.73%.

Which ETF is better, OALC or UJUN?

On 3-year performance, OALC leads with 22.15% vs 10.46% for UJUN. On fees, OALC is cheaper at 0.49% per year. On volatility, UJUN has been the lower-risk option at 2.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OALC or UJUN?

Over the 3-year period, OALC has performed better with a 22.15% return vs 10.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OALC or UJUN?

OALC is cheaper with a 0.49% expense ratio, compared with 0.79% for UJUN.

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

OALC has the higher dividend yield at 0.54%, compared with 0.00% for UJUN.

What is the main difference between OALC and UJUN?

They also come from different issuers: Oneascent and Innovator. Their fees differ too: 0.49% for OALC and 0.79% for UJUN.

Which has better risk-adjusted returns?

OALC currently has the higher Sharpe Ratio (2.09 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.