OACP vs SPY
OACP vs SPY
OneAscent Core Plus Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | OACP | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.67% | 0.09% | |
| AUM | $268M | $789.1B | |
| Dividend Yield | 4.69% | 1.01% | |
| Holdings | 255 | 505 | |
| YTD Return | -0.70% | +9.93% | |
| 1Y Return | +2.76% | +19.50% | |
| 3Y Return (annualized) | +4.37% | +19.33% | |
| 5Y Return (annualized) | - | +12.82% | |
| Volatility (annualized) | 6.5% | 15.3% | |
| Max Drawdown | -11.8% | -56.5% | |
| Fund Family | OneAscent Investments | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Mar 30, 2022 | Jan 22, 1993 |
OACP vs SPY Performance
OneAscent Core Plus Bond ETF (OACP) is a ETF from OneAscent Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year OACP returned +2.76% while SPY returned +19.50%. Year to date, OACP is down 0.70% versus a gain of 9.93% for SPY.
Over three years, OACP compounded at +4.37% per year against +19.33% for SPY. Across the full 4-year window we track, SPY has the edge at +8.74% annualized vs +1.47%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -56.5% for SPY. 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 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OACP charges 0.67% per year while SPY charges 0.09%. On a $10,000 position that is $67 vs $9 annually, a gap of $58 per year that compounds over a long holding period. On income, OACP currently yields 4.69% against 1.01% for SPY.
Holdings Overlap
OACP and SPY share 0 holdings out of 632 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 SPY?
OACP has an expense ratio of 0.67% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $58 per year of difference.
Which performed better, OACP or SPY?
Over the past year OACP returned +2.76% vs +19.50% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), OACP annualized +1.47% vs +8.74% for SPY. Past performance does not guarantee future results.
Which is riskier, OACP or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 6.5% for OACP. Worst drawdown: OACP -11.8% vs SPY -56.5%.
Should I hold both OACP and SPY?
OACP and SPY have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OACP and SPY?
OACP and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 632 unique securities.
Which pays a higher dividend, OACP or SPY?
OACP yields 4.69% while SPY yields 1.01%, so OACP currently pays the higher dividend yield.
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