OASC vs QQQ
OneAscent Enhanced Small and Mid Cap ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. OASC delivered stronger 1-year returns. OASC offers more diversification with 173 holdings.
Side-by-Side Comparison
| Metric | OASC | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.69% | 0.18% | |
| AUM | $93M | $496.3B | |
| Dividend Yield | 0.46% | 0.44% | |
| Holdings | 173 | 108 | |
| YTD Return | +17.11% | +16.23% | |
| 1Y Return | +28.28% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 17.9% | 30.6% | |
| Max Drawdown | -27.3% | -83.0% | |
| Fund Family | OneAscent Investments | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jun 13, 2024 | Mar 10, 1999 |
OASC vs QQQ Performance
OneAscent Enhanced Small and Mid Cap ETF (OASC) is a ETF from OneAscent Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year OASC returned +28.28% while QQQ returned +26.23%. Year to date, OASC is up 17.11% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 17.9% for OASC. 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 -27.3% for OASC 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
OASC charges 0.69% per year while QQQ charges 0.18%. On a $10,000 position that is $69 vs $18 annually, a gap of $51 per year that compounds over a long holding period. On income, OASC currently yields 0.46% against 0.44% for QQQ.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, OASC or QQQ?
OASC has an expense ratio of 0.69% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, OASC or QQQ?
Over the past year OASC returned +28.28% vs +26.23% for QQQ, so OASC leads on 1-year performance. Over the longest common window we track (2 years), OASC annualized +16.91% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, OASC or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 17.9% for OASC. Worst drawdown: OASC -27.3% vs QQQ -83.0%.
Should I hold both OASC and QQQ?
OASC and QQQ have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OASC and QQQ?
OASC and QQQ share 2 common holdings with a 1.2% weight overlap. Combined, they hold 269 unique securities.
Which pays a higher dividend, OASC or QQQ?
OASC yields 0.46% while QQQ yields 0.44%, so OASC currently pays the higher dividend yield.
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