OASC vs. SPSM

Last updated Aug 2, 2026

OASC (OneAscent Enhanced Small and Mid Cap ETF) and SPSM (State Street SPDR Portfolio S&P 600 Small Cap ETF) are both Small Cap Blend Equities funds. OASC is actively managed, while SPSM is passively managed. Over the past year, OASC returned 33.23% vs 36.02% for SPSM. Their correlation of 0.95 means they have usually moved in the same direction. OASC charges 0.69%/yr vs 0.03%/yr for SPSM.

Performance

OASC vs. SPSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in OneAscent Enhanced Small and Mid Cap ETF (OASC) and State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OASC achieves a 15.43% return, which is significantly lower than SPSM's 21.58% return.

OASC

• 1D: -0.60%
• 1M: -2.56%
• 6M: 12.75%
• YTD: 15.43%
• 1Y: 33.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.61%

SPSM

• 1D: 0.00%
• 1M: -0.67%
• 6M: 15.19%
• YTD: 21.58%
• 1Y: 36.02%
• 3Y*: 13.49%
• 5Y*: 7.48%
• 10Y*: 10.94%
• ALL TIME*: 10.05%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
OASC OneAscent Enhanced Small and Mid Cap ETF	$560.82K	$529.42K	$419.26K
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF	$90.54M	$95.75M	$94.53M

OASC vs. SPSM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
OASC OneAscent Enhanced Small and Mid Cap ETF	15.43%	8.91%	10.35%
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF	21.58%	6.11%	8.71%

Correlation

The correlation between OASC and SPSM is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (All Time) Calculated using the full available price history since Jun 13, 2024	0.95

The correlation between OASC and SPSM has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

OASC vs. SPSM - Sectors Allocation Comparison

Sectors	OASC	SPSM
Technology	27.0%	15.5%
Financial Services	23.3%	17.1%
Healthcare	13.2%	12.4%
Consumer Cyclical	11.4%	13.2%
Industrials	10.7%	15.6%
Basic Materials	4.7%	4.7%
Energy	3.0%	4.7%
Real Estate	2.4%	7.6%
Utilities	1.7%	1.8%
Consumer Defensive	1.4%	4.2%
Communication Services	1.2%	3.2%

Return for Risk

OASC vs. SPSM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

OASC

OASC Risk / Return Rank: 80
OASC Sharpe Ratio Rank: 74
OASC Sortino Ratio Rank: 78
OASC Omega Ratio Rank: 69
OASC Calmar Ratio Rank: 91
OASC Martin Ratio Rank: 86

SPSM

SPSM Risk / Return Rank: 86
SPSM Sharpe Ratio Rank: 85
SPSM Sortino Ratio Rank: 86
SPSM Omega Ratio Rank: 82
SPSM Calmar Ratio Rank: 90
SPSM Martin Ratio Rank: 88

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

OASC vs. SPSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OneAscent Enhanced Small and Mid Cap ETF (OASC) and State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM). 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.

	OASC	SPSM	Difference
Sharpe ratio: Return per unit of total volatility	1.71	1.97	-0.26
Sortino ratio: Return per unit of downside risk	2.54	2.87	-0.34
Omega ratio: Gain probability vs. loss probability	1.29	1.34	-0.05
Calmar ratio: Return relative to maximum drawdown	4.11	3.89	+0.22
Martin ratio: Return relative to average drawdown	12.70	13.32	-0.62

OASC vs. SPSM - Sharpe Ratio Comparison

The current OASC Sharpe Ratio is 1.71, which is comparable to the SPSM Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of OASC and SPSM, 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

OASC vs. SPSM - Drawdown Comparison

The maximum OASC drawdown since its inception was -27.00%, smaller than the maximum SPSM drawdown of -42.89%. Use the drawdown chart below to compare losses from any high point for OASC and SPSM.

Drawdown Indicators

	OASC	SPSM	Difference
Max Drawdown Largest peak-to-trough decline	-27.00%	-42.89%	+15.89%
Max Drawdown (1Y) Largest decline over 1 year	-7.67%	-8.72%	+1.05%
Max Drawdown (3Y) Largest decline over 3 years	—	-27.94%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.94%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.89%	—
Current Drawdown Current decline from peak	-5.41%	-1.91%	-3.50%
Average Drawdown Average peak-to-trough decline	-5.78%	-7.84%	+2.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.48%	2.54%	-0.06%

Volatility

OASC vs. SPSM - Volatility Comparison

OneAscent Enhanced Small and Mid Cap ETF (OASC) has a higher volatility of 5.14% compared to State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) at 3.45%. This indicates that OASC's price experiences larger fluctuations and is considered to be riskier than SPSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OASC	SPSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.14%	3.45%	+1.69%
Volatility (6M) Calculated over the trailing 6-month period	13.48%	11.63%	+1.85%
Volatility (1Y) Calculated over the trailing 1-year period	18.51%	17.29%	+1.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.79%	21.27%	-0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.79%	22.94%	-2.15%

OASC vs. SPSM - Expense Ratio Comparison

OASC has a 0.69% expense ratio, which is higher than SPSM's 0.03% expense ratio.

Dividends

OASC vs. SPSM - Dividend Comparison

OASC's dividend yield for the trailing twelve months is around 0.46%, less than SPSM's 1.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OASC OneAscent Enhanced Small and Mid Cap ETF	0.46%	0.53%	0.46%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF	1.39%	1.62%	1.85%	1.61%	1.38%	1.40%	1.34%	1.58%	1.82%	1.51%	1.49%	2.37%

Frequently Asked Questions

Can I hold both OASC and SPSM in my portfolio?

With a correlation of 0.91, OASC and SPSM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, OASC or SPSM?

OASC has higher volatility (5.14%) compared to SPSM (3.45%). In terms of maximum drawdown, OASC dropped -27.00% vs SPSM's -42.89%.

Which ETF is better, OASC or SPSM?

On 1-year performance, SPSM leads with 36.02% vs 33.23% for OASC. On fees, SPSM is cheaper at 0.03% per year. On volatility, SPSM has been the lower-risk option at 3.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OASC or SPSM?

Over the 1-year period, SPSM has performed better with a 36.02% return vs 33.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OASC or SPSM?

SPSM is cheaper with a 0.03% expense ratio, compared with 0.69% for OASC.

Which ETF pays a higher dividend yield, OASC or SPSM?

SPSM has the higher dividend yield at 1.39%, compared with 0.46% for OASC.

What is the main difference between OASC and SPSM?

They also come from different issuers: Oneascent and State Street. Their fees differ too: 0.69% for OASC and 0.03% for SPSM.

Which has better risk-adjusted returns?

SPSM currently has the higher Sharpe Ratio (1.97 vs 1.71), 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.