OALC vs USMC
OneAscent Large Cap Core ETF vs Principal U.S. Mega-Cap ETF
Which is better, OALC or USMC?
Each has led over a different period.
USMC has a lower expense ratio. OALC led over 1Y and 3Y, USMC over 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. OALC is less concentrated, with 34.0% of the fund in its ten largest positions against 55.3%.
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 | OALC | USMC |
|---|---|---|
| Expense Ratio | 0.49% | 0.12%Best |
| AUM | $280M | $5.2B |
| Dividend Yield | 0.52% | 0.74% |
| Holdings | 424 | 58 |
| YTD Return | +16.12%Best | +13.98% |
| 1Y Return | +19.96%Best | +14.91% |
| 3Y Return (annualized) | +22.66%Best | +22.22% |
| 5Y Return (annualized) | +11.01% | +14.81%Best |
| Volatility (annualized) | 15.3% | 15.2%Best |
| Max Drawdown | -26.8% | -24.1%Best |
| $10,000 over 5 years | $16,858 | $19,948Best |
| Top 10 Weight | 34.0%Best | 55.3% |
| Fund Family | OneAscent Investments | Principal Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 15, 2021 | Oct 11, 2017 |
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2021 to Oct 14, 2026 (4.9 years).
OALC vs USMC 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 4.9 years both funds cover.
OALC vs USMC Performance
OneAscent Large Cap Core ETF (OALC) is an ETF from OneAscent Investments and Principal U.S. Mega-Cap ETF (USMC) is an ETF from Principal Funds. Over the past year OALC returned +19.96% while USMC returned +14.91%. Year to date, OALC is up 16.12% versus a gain of 13.98% for USMC.
Over three years, OALC compounded at +22.66% per year against +22.22% for USMC; over five years the annualized figures are +11.01% and +14.81% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OALC has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 15.2% for USMC. 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 -26.8% for OALC and -24.1% for USMC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
OALC charges 0.49% per year while USMC charges 0.12%. On a $10,000 position that is $49 vs $12 annually, a gap of $37 per year that compounds over a long holding period. On income, OALC currently yields 0.52% against 0.74% for USMC.
Holdings Overlap
39.9% of OALC's money is in holdings USMC also owns. 73.2% of USMC's money is in holdings OALC also owns.
Most of USMC is already inside OALC. Owning both mostly buys the same companies twice.
19 positions in common, counted across the 211 positions we hold weights for in OALC and 27 in USMC, against full books of 424 and 58.
What only one of them owns
Our book lists 8 positions for USMC that do not appear in our book for OALC (26.8% of the fund), and 191 for OALC that do not appear in USMC (59.0%).
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 OALC | Weight in USMC | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.63% | 7.99% | 0.64% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 6.37% | 5.55% | 0.82% |
| MUMicron Technology, Inc. | 1.87% | 7.18% | 5.31% |
| GOOGLAlphabet Inc Cap Stk Cl A | 3.20% | 5.33% | 2.13% |
| AMZNAmazon.Com Inc | 3.83% | 3.77% | 0.06% |
| AVGOBroadcom Inc | 2.61% | 4.44% | 1.83% |
| JPMJpmorgan Chase | 1.62% | 4.65% | 3.03% |
| VVisa Inc-class A Shares | 1.25% | 4.54% | 3.29% |
| MAMastercard Inc | 0.96% | 4.32% | 3.36% |
| BACBank Of America Corp. | 0.83% | 3.82% | 2.99% |
73.2% of USMC 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, OALC or USMC?
OALC has an expense ratio of 0.49% while USMC charges 0.12%. USMC is the cheaper option, by $37 a year on a $10,000 investment.
Which performed better, OALC or USMC?
Over the past year OALC returned +19.96% vs +14.91% for USMC, so OALC leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OALC or USMC?
OALC has been the more volatile fund at 15.3% annualized versus 15.2% for USMC. Worst drawdown: OALC -26.8% vs USMC -24.1%.
Should I hold both OALC and USMC?
OALC and USMC have a monthly-return correlation of 0.93, 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 OALC and USMC?
73.2% of USMC's money is in holdings OALC also owns. 73.2% of USMC's is in holdings OALC also owns. They hold 19 positions in common, counted across the 211 positions we hold weights for in OALC and 27 in USMC.
Which pays a higher dividend, OALC or USMC?
OALC yields 0.52% while USMC yields 0.74%, so USMC currently pays the higher dividend yield.
Is USMC better than OALC?
USMC has a lower expense ratio. OALC led over 1Y and 3Y, USMC over 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. OALC is less concentrated, with 34.0% of the fund in its ten largest positions against 55.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.