OACP vs QQQ
OACP vs QQQ
OneAscent Core Plus Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. OACP offers more diversification with 129 holdings.
Side-by-Side Comparison
| Metric | OACP | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.67% | 0.18% | |
| AUM | $268M | $455.8B | |
| Dividend Yield | 4.69% | 0.41% | |
| Holdings | 255 | 108 | |
| YTD Return | -0.06% | +18.20% | |
| 1Y Return | +2.54% | +27.63% | |
| 3Y Return (annualized) | +4.57% | +25.54% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 6.5% | 30.6% | |
| Max Drawdown | -11.8% | -83.0% | |
| Fund Family | OneAscent Investments | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Mar 30, 2022 | Mar 10, 1999 |
OACP vs QQQ Performance
OneAscent Core Plus Bond ETF (OACP) is a ETF from OneAscent Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year OACP returned +2.54% while QQQ returned +27.63%. Year to date, OACP is down 0.06% versus a gain of 18.20% for QQQ.
Over three years, OACP compounded at +4.57% per year against +25.54% for QQQ. Across the full 4-year window we track, QQQ has the edge at +13.11% annualized vs +1.61%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 6.5% for OACP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -11.8% for OACP and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OACP charges 0.67% per year while QQQ charges 0.18%. On a $10,000 position that is $67 vs $18 annually, a gap of $49 per year that compounds over a long holding period. On income, OACP currently yields 4.69% against 0.41% for QQQ.
Holdings Overlap
OACP and QQQ share 0 holdings out of 232 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, OACP or QQQ?
OACP has an expense ratio of 0.67% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $49 per year of difference.
Which performed better, OACP or QQQ?
Over the past year OACP returned +2.54% vs +27.63% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), OACP annualized +1.61% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, OACP or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 6.5% for OACP. Worst drawdown: OACP -11.8% vs QQQ -83.0%.
Should I hold both OACP and QQQ?
OACP and QQQ have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OACP and QQQ?
OACP and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 232 unique securities.
Which pays a higher dividend, OACP or QQQ?
OACP yields 4.69% while QQQ yields 0.41%, so OACP currently pays the higher dividend yield.
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