Core Alternative ETF
|
- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
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. |
Category | US Equities |
Fund Sponsor | Core Alternative Capital |
Website | corealtfunds.com |
Inception date | May 23, 2017 |
Assets (mns) | $149 |
Currency | USD |
Expense ratio | 107 bp |
Distributions | Quarterly |
Regulation | Open-Ended Fund |
Custodian | |
Weighting | Proprietary |
Index replication | |
Uses derivatives | Yes |
Options available | Yes |
No. of constituents | 40 |
Wgt avg mkt cap (mns) | $453,716 |
Large cap (>$10bn) | 100.0% |
Mid cap ($2-10bn) | 0.0% |
Small cap (<$2bn) | 0.0% |
Developed mkts | 100.0% |
Emerging mkts | 0.0% |
UNITEDHEALTH GROUP INC | 3.1 % |
MORGAN STANLEY | 3.1 % |
WAL-MART STORES INC | 3.0 % |
WASTE MANAGEMENT INC | 3.0 % |
AFLAC INC | 2.9 % |
AMGEN INC | 2.9 % |
MICROSOFT CORP | 2.9 % |
FISERV, INC. | 2.9 % |
EXXON MOBIL CORP | 2.9 % |
SOUTHERN CO | 2.9 % | Total | 29.6 % |
---|
![]() |
UNITED STATES | 87.4 % |
![]() |
SWITZERLAND | 2.6 % |
![]() |
IRELAND | 2.4 % |
![]() |
NETHERLANDS | 2.1 % |
![]() |
BRITAIN | 2.0 % |
HISTORICAL PERFORMANCE ![info](../images/info2.jpg)
![info](../images/info2.jpg)
Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
-8.7% | -9.5% | -0.6% | -- | 1.1% |
versus... | Beta | R-squared |
S&P500 | 0.17 | 12% |
MSCI EAFE | 0.19 | 15% |
MSCI Emg. Mkts. | 0.06 | 2% |
Recent close | $26.11 |
30d moving avg. | $25.15 |
Annualized volatility | 8.6% |
Short interest (ETF) | 0.6% |
Short interest (Underlying) | 1.0% |
Relative strength (RSI) | 36 |
Avg. volume (thou.) | 32 |
Turnover | 0.6% |
Bid/Ask (% of price) | 0.32% |
ADV underlying (mns) | $95,881 |
FINDING ALTERNATIVE FUNDS
Below is a list of 33 potential alternatives to the Core Alternative ETF ETF based on the alternatives' overlap in portfolio holdings with CCOR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | CCOR | Expense: | 107 bp | ALTAR Score™: | 4.9% |
Ticker | Fund Name |
Overlap1 vs CCOR (%) |
Expense ratio (bp) |
Savings vs CCOR (bp) |
ALTAR Score™ (%) |
ALTAR vs CCOR (%) |
DIVO | Amplify CWP Enhanced Dividend Income ETF | 29.3 | 55 | 52 | 5.8 | +1.0 |
DJIA | Global X Dow 30 Covered Call ETF | 27.9 | 60 | 47 | 5.4 | +0.6 |
SIXH | ETC 6 Meridian Hedged Equity Index Option ETF | 27.8 | 82 | 25 | 6.0 | +1.1 |
DYLG | Global X Dow 30 Covered Call & Growth ETF | 27.8 | 60 | 47 | 5.4 | +0.5 |
XYLE | Global X S&P 500 ESG Covered Call ETF | 25.5 | 60 | 47 | 4.8 | -0.0 |
EFIV | SPDR S&P 500 ESG ETF | 25.2 | 10 | 97 | 5.3 | +0.4 |
ACIO | Aptus Collared Investment Opportunity ETF | 25.1 | 79 | 28 | 4.3 | -0.6 |
XYLD | Global X S&P 500 Covered Call ETF | 21.8 | 60 | 47 | 4.7 | -0.2 |
PBP | Invesco S&P 500 BuyWrite ETF | 21.8 | 49 | 58 | 4.8 | -0.1 |
SFLR | Innovator Equity Managed Floor ETF | 21.8 | 89 | 18 | 4.3 | -0.6 |
XRMI | Global X S&P 500 Risk Managed Income ETF | 21.7 | 60 | 47 | 4.7 | -0.2 |
XYLG | Global X S&P 500 Covered Call & Growth ETF | 21.7 | 60 | 47 | 4.7 | -0.2 |
XCLR | Global X S&P 500 Collar 95-110 ETF | 21.6 | 25 | 82 | 5.2 | +0.3 |
XTR | Global X S&P 500 Tail Risk ETF | 21.5 | 26 | 81 | 5.2 | +0.3 |
KNG | FT Vest S&P 500 Dividend Aristocrats Target Income ETF | 21.5 | 75 | 32 | 5.7 | +0.8 |
FTHI | First Trust BuyWrite Income ETF | 18.5 | 75 | 32 | 5.9 | +1.1 |
QYLD | Global X NASDAQ 100 Covered Call ETF | 13.8 | 60 | 47 | 4.2 | -0.7 |
QRMI | Global X NASDAQ 100 Risk Managed Income ETF | 13.7 | 60 | 47 | 4.2 | -0.7 |
QYLG | Global X Nasdaq 100 Covered Call & Growth ETF | 13.7 | 60 | 47 | 4.3 | -0.6 |
QTR | Global X NASDAQ 100 Tail Risk ETF | 13.6 | 26 | 81 | 4.6 | -0.3 |
NUSI | Nationwide Nasdaq-100 Risk-Managed Income ETF | 13.6 | 68 | 39 | 4.2 | -0.7 |
QCLR | Global X NASDAQ 100 Collar 95-110 ETF | 13.6 | 25 | 82 | 4.6 | -0.3 |
GARP | iShares MSCI USA Quality GARP ETF | 13.3 | 15 | 92 | 4.7 | -0.1 |
QYLE | Global X Nasdaq 100 ESG Covered Call ETF | 12.9 | 60 | 47 | 4.4 | -0.5 |
MMLG | First Trust Multi-Manager Large Growth ETF | 12.7 | 85 | 22 | 2.5 | -2.4 |
FTQI | First Trust Nasdaq BuyWrite Income ETF | 12.4 | 75 | 32 | 4.1 | -0.8 |
HYLG | Global X Health Care Covered Call & Growth ETF | 12.2 | 60 | 47 | 6.4 | +1.5 |
JEPQ | J.P. Morgan Nasdaq Equity Premium Income ETF | 9.9 | 35 | 72 | 4.6 | -0.3 |
THNQ | ROBO Global Artificial Intelligence ETF | 8.8 | 68 | 39 | 2.0 | -2.9 |
TYLG | Global X Information Technology Covered Call & Growth ETF | 7.7 | 60 | 47 | 4.5 | -0.4 |
FYLG | Global X Financials Covered Call & Growth ETF | 6.5 | 60 | 47 | 5.5 | +0.6 |
LCG | Sterling Capital Focus Equity ETF | 2.9 | 59 | 48 | 3.9 | -1.0 |
XVOL | Acruence Active Hedge U.S. Equity ETF | 1.4 | 83 | 24 | 5.1 | +0.3 |
1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.
Content on this tab for subscribers only**
RESULTS & ESTIMATES
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | |
---|---|---|---|---|---|---|---|
Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share ![]() |
** | ** | ** | ** | ** | ** | ** |
Book value per share | ** | ** | ** | ** | ** | ** | ** |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
OTHER FUNDAMENTAL METRICS
Long term EPS growth est. | **% | Debt-to-equity | **x | |
Asset turnover | **% | Assets-to-equity | **x |
*Six months ago = 100 |
Content on this tab for subscribers only
VALUATION METRICS
2023 | 2024E | 2025E | |
---|---|---|---|
Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
Core Alternative ETF | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
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™
|
MODERN PORTFOLIO THEORY
![]() |
CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
|