JPEF vs OALC
JPMorgan Equity Focus ETF vs OneAscent Large Cap Core ETF
Which is better, JPEF or OALC?
Nearly the same fund. JPEF costs less.
JPEF has a lower expense ratio. OALC led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. OALC is less concentrated, with 34.0% of the fund in its ten largest positions against 45.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | JPEF | OALC |
|---|---|---|
| Expense Ratio | 0.44%Best | 0.49% |
| AUM | $2.1B | $280M |
| Dividend Yield | 0.64% | 0.52% |
| Holdings | 84 | 424 |
| YTD Return | +9.64% | +16.12%Best |
| 1Y Return | +11.56% | +19.96%Best |
| 3Y Return (annualized) | +19.60% | +22.66%Best |
| 5Y Return (annualized) | - | +11.01% |
| Volatility (annualized) | 12.3%Best | 12.8% |
| Max Drawdown | -18.1% | -17.6%Best |
| $10,000 over 3.2 years | $16,604 | $17,836Best |
| Top 10 Weight | 45.8% | 34.0%Best |
| Fund Family | J.P. Morgan Asset Management | OneAscent Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 10, 2023 | Nov 15, 2021 |
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Jul 31, 2023 to Oct 14, 2026 (3.2 years).
JPEF vs OALC growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.2 years both funds cover.
JPEF vs OALC Performance
JPMorgan Equity Focus ETF (JPEF) is an ETF from J.P. Morgan Asset Management and OneAscent Large Cap Core ETF (OALC) is an ETF from OneAscent Investments. Over the past year JPEF returned +11.56% while OALC returned +19.96%. Year to date, JPEF is up 9.64% versus a gain of 16.12% for OALC.
Over three years, JPEF compounded at +19.60% per year against +22.66% for OALC.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OALC has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 12.3% for JPEF. 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 -18.1% for JPEF and -17.6% for OALC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JPEF charges 0.44% per year while OALC charges 0.49%. On a $10,000 position that is $44 vs $49 annually, a gap of $5 per year that compounds over a long holding period. On income, JPEF currently yields 0.64% against 0.52% for OALC.
Holdings Overlap
64.0% of JPEF's money is in holdings OALC also owns. 35.8% of OALC's money is in holdings JPEF also owns.
The two portfolios partly overlap.
23 positions in common, counted across the 41 positions we hold weights for in JPEF and 211 in OALC, against full books of 84 and 424.
What only one of them owns
Our book lists 187 positions for OALC that do not appear in our book for JPEF (63.1% of the fund), and 17 for JPEF that do not appear in OALC (34.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in JPEF | Weight in OALC | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 9.59% | 8.63% | 0.96% |
| MSFTMicrosoft Corp_None_0 | 5.05% | 6.37% | 1.32% |
| GOOGAlphabet, Inc.- Cl C | 6.33% | 2.59% | 3.74% |
| AMZNAmazon.Com Inc | 4.50% | 3.83% | 0.67% |
| AVGOBroadcom Inc | 2.80% | 2.61% | 0.19% |
| AMDAdvanced Micro Devices Inc. | 2.74% | 1.61% | 1.13% |
| MUMicron Technology, Inc. | 2.45% | 1.87% | 0.58% |
| XOMExxon Mobil Corp | 2.56% | 1.16% | 1.40% |
| ADIAnalog Devices, Inc. | 3.08% | 0.54% | 2.54% |
| MSMorgan Stanley | 2.78% | 0.68% | 2.10% |
64.0% of JPEF is already inside OALC.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, JPEF or OALC?
JPEF has an expense ratio of 0.44% while OALC charges 0.49%. JPEF is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, JPEF or OALC?
Over the past year JPEF returned +11.56% vs +19.96% for OALC, so OALC leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JPEF or OALC?
OALC has been the more volatile fund at 12.8% annualized versus 12.3% for JPEF. Worst drawdown: JPEF -18.1% vs OALC -17.6%.
Should I hold both JPEF and OALC?
JPEF and OALC have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between JPEF and OALC?
64.0% of JPEF's money is in holdings OALC also owns. 35.8% of OALC's is in holdings JPEF also owns. They hold 23 positions in common, counted across the 41 positions we hold weights for in JPEF and 211 in OALC.
Which pays a higher dividend, JPEF or OALC?
JPEF yields 0.64% while OALC yields 0.52%, so JPEF currently pays the higher dividend yield.
Is OALC better than JPEF?
JPEF has a lower expense ratio. OALC led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. OALC is less concentrated, with 34.0% of the fund in its ten largest positions against 45.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.