CCOR
Core Alternative ETF
CCOR is an actively managed ETF that seeks capital appreciation and preservation with low correlation to the broad US equity market. The fund primarily holds dividend-paying large-cap stocks with an option collar overlay.
US
EQUITY
Active
MANAGEMENT STYLE
106.1 M
ASSETS UNDER MGMT
107 bp
EXPENSES
Fund Basics
| Fund sponsor | Core Alternative Capital |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 23, 2017 |
| Assets (mns) | $106 |
| Expense ratio | 107 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| MORGAN STANLEY | 3.6 % |
| MICROSOFT CORP | 3.5 % |
| ALPHABET INC. CLASS A | 3.4 % |
| FISERV, INC. | 3.4 % |
| EMERSON ELECTRIC CO | 3.2 % |
| AIR PRODUCTS & CHEMICALS INC | 3.1 % |
| WAL-MART STORES INC | 3.1 % |
| JPMORGAN CHASE & CO | 3.0 % |
| PAYCHEX INC | 2.9 % |
| WASTE MANAGEMENT INC | 2.9 % |
Constituent Breakdown
| Number of holdings | 38 |
| Herfindahl-Hirschman Index | 272 |
| Wgt avg mkt cap (mns) | $458,665 |
| Large cap (>$10bn) | 98.8% |
| Mid cap ($2-10bn) | 1.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 90.1 % |
 |
SWITZERLAND | 2.8 % |
 |
IRELAND | 2.6 % |
 |
BRITAIN | 2.0 % |
 |
NETHERLANDS | 1.7 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -1.4% | -1.4% | -8.0% | -1.8% | 0.8% | -- | 2.1% | Volatility | 9.5% | 9.3% | 9.5% | 11.7% | 12.4% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.17 | 10% |
| MSCI EAFE | 0.22 | 16% |
| MSCI Emg Mkts | 0.09 | 3% |
Liquidity Measures
| Avg. volume (000) | 11 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.32% |
| ADV of underlying (mns) | $40,810 |
Technical Indicators
| Recent close | $25.82 |
| 30d moving avg. | $26.41 |
| Annualized volatility | 9.5% |
| Relative strength (RSI) | 45 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 1.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CCOR |
Expenses vs. CCOR |
ALTAR Score™ vs. CCOR |
|---|---|---|---|---|
| SIXH | ETC 6 Meridian Hedged Equity Index Option ETF | 27.1% | -25 bp | +1.2% |
| DJIA | Global X Dow 30 Covered Call ETF | 26.4% | -47 bp | +0.1% |
| DYLG | Global X Dow 30 Covered Call & Growth ETF | 26.3% | -47 bp | +0.2% |
| XYLE | Global X S&P 500 ESG Covered Call ETF | 25.6% | -47 bp | +0.0% |
| EFIV | SPDR S&P 500 ESG ETF | 25.2% | -97 bp | +0.4% |
| DIVO | Amplify CWP Enhanced Dividend Income ETF | 24.5% | -52 bp | +0.8% |
| ACIO | Aptus Collared Investment Opportunity ETF | 23.5% | -28 bp | -0.6% |
| KNG | FT Vest S&P 500 Dividend Aristocrats Target Income ETF | 21.9% | -32 bp | +1.0% |
| PBP | Invesco S&P 500 BuyWrite ETF | 21.3% | -58 bp | -0.2% |
| XRMI | Global X S&P 500 Risk Managed Income ETF | 21.2% | -47 bp | -0.3% |
Risk and Returns: CCOR vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
CCOR
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
CCOR
4.7%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. CCOR's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places CCOR in the 36th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
CCORSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| CCOR (107 bp) Percentile rank | 87 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CCOR | 107.0 | 32.4 | 139.4 |
| Peer Avg. | 56.8 | 24.6 | 81.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .