Core Alternative ETF
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- 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) | $214 |
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 | 41 |
Wgt avg mkt cap (mns) | $389,242 |
Large cap (>$10bn) | 100.0% |
Mid cap ($2-10bn) | 0.0% |
Small cap (<$2bn) | 0.0% |
Developed mkts | 100.0% |
Emerging mkts | 0.0% |
WASTE MANAGEMENT INC | 3.0 % |
WAL-MART STORES INC | 2.9 % |
PROCTER & GAMBLE CO/THE | 2.9 % |
FISERV, INC. | 2.9 % |
JPMORGAN CHASE & CO | 2.9 % |
ACCENTURE PLC-CL A | 2.8 % |
MICROSOFT CORP | 2.8 % |
AFLAC INC | 2.7 % |
JOHNSON & JOHNSON | 2.7 % |
BROADRIDGE FINANCIAL SOLUTIO | 2.7 % | Total | 28.5 % |
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UNITED STATES | 89.1 % | |
IRELAND | 2.9 % | |
SWITZERLAND | 2.5 % | |
BRITAIN | 2.3 % | |
NETHERLANDS | 1.9 % |
HISTORICAL PERFORMANCE
Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
0.0% | -7.2% | 1.8% | -- | 2.6% |
versus... | Beta | R-squared |
S&P500 | 0.22 | 19% |
MSCI EAFE | 0.24 | 21% |
MSCI Emg. Mkts. | 0.09 | 3% |
Recent close | $26.61 |
30d moving avg. | $27.59 |
Annualized volatility | 9.0% |
Short interest (ETF) | 0.1% |
Short interest (Underlying) | 1.0% |
Relative strength (RSI) | 40 |
Avg. volume (thou.) | 74 |
Turnover | 0.9% |
Bid/Ask (% of price) | 0.32% |
ADV underlying (mns) | $85,434 |
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™: | 5.3% |
Ticker | Fund Name |
Overlap1 vs CCOR (%) |
Expense ratio (bp) |
Savings vs CCOR (bp) |
ALTAR Score™ (%) |
ALTAR vs CCOR (%) |
SIXH | ETC 6 Meridian Hedged Equity Index Option ETF | 34.5 | 82 | 25 | 5.7 | +0.4 |
DIVO | Amplify CWP Enhanced Dividend Income ETF | 30.4 | 55 | 52 | 5.5 | +0.2 |
DJIA | Global X Dow 30 Covered Call ETF | 27.4 | 60 | 47 | 5.4 | +0.1 |
DYLG | Global X Dow 30 Covered Call & Growth ETF | 27.4 | 60 | 47 | 5.3 | +0.0 |
ACIO | Aptus Collared Investment Opportunity ETF | 25.9 | 79 | 28 | 4.3 | -1.0 |
XYLE | Global X S&P 500 ESG Covered Call ETF | 23.6 | 60 | 47 | 4.9 | -0.5 |
EFIV | SPDR S&P 500 ESG ETF | 23.3 | 10 | 97 | 5.1 | -0.2 |
SFLR | Innovator Equity Managed Floor ETF | 22.7 | 89 | 18 | 4.1 | -1.2 |
PBP | Invesco S&P 500 BuyWrite ETF | 22.2 | 49 | 58 | 4.9 | -0.4 |
XYLD | Global X S&P 500 Covered Call ETF | 22.1 | 60 | 47 | 4.8 | -0.5 |
XRMI | Global X S&P 500 Risk Managed Income ETF | 22.0 | 60 | 47 | 4.8 | -0.5 |
XYLG | Global X S&P 500 Covered Call & Growth ETF | 22.0 | 60 | 47 | 4.7 | -0.6 |
XTR | Global X S&P 500 Tail Risk ETF | 21.8 | 26 | 81 | 5.0 | -0.3 |
XCLR | Global X S&P 500 Collar 95-110 ETF | 21.8 | 25 | 82 | 5.0 | -0.3 |
KNG | FT Vest S&P 500 Dividend Aristocrats Target Income ETF | 20.5 | 75 | 32 | 5.8 | +0.4 |
FTHI | First Trust BuyWrite Income ETF | 18.2 | 75 | 32 | 5.5 | +0.1 |
QYLD | Global X NASDAQ 100 Covered Call ETF | 15.1 | 60 | 47 | 4.3 | -1.1 |
QRMI | Global X NASDAQ 100 Risk Managed Income ETF | 15.1 | 60 | 47 | 4.3 | -1.0 |
QYLG | Global X Nasdaq 100 Covered Call & Growth ETF | 15.1 | 60 | 47 | 4.2 | -1.1 |
NUSI | Nationwide Nasdaq-100 Risk-Managed Income ETF | 15.0 | 68 | 39 | 4.1 | -1.3 |
QCLR | Global X NASDAQ 100 Collar 95-110 ETF | 14.9 | 25 | 82 | 4.4 | -0.9 |
QTR | Global X NASDAQ 100 Tail Risk ETF | 14.9 | 26 | 81 | 4.5 | -0.8 |
QYLE | Global X Nasdaq 100 ESG Covered Call ETF | 14.9 | 60 | 47 | 4.3 | -1.0 |
FTQI | First Trust Nasdaq BuyWrite Income ETF | 14.6 | 75 | 32 | 4.0 | -1.3 |
HYLG | Global X Health Care Covered Call & Growth ETF | 12.3 | 60 | 47 | 6.4 | +1.1 |
MMLG | First Trust Multi-Manager Large Growth ETF | 11.6 | 85 | 22 | 2.0 | -3.3 |
JEPQ | J.P. Morgan Nasdaq Equity Premium Income ETF | 11.2 | 35 | 72 | 4.3 | -1.0 |
STLG | iShares Factors US Growth Style ETF | 10.8 | 25 | 82 | 5.5 | +0.2 |
TYLG | Global X Information Technology Covered Call & Growth ETF | 8.9 | 60 | 47 | 4.4 | -0.9 |
THNQ | ROBO Global Artificial Intelligence ETF | 7.5 | 68 | 39 | 1.7 | -3.7 |
FYLG | Global X Financials Covered Call & Growth ETF | 6.6 | 60 | 47 | 5.5 | +0.2 |
XVOL | Acruence Active Hedge U.S. Equity ETF | 5.5 | 83 | 24 | 4.9 | -0.5 |
LCG | Sterling Capital Focus Equity ETF | 2.8 | 59 | 48 | 3.1 | -2.3 |
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%.
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RESULTS & ESTIMATES
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | |
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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 |
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VALUATION METRICS
2023 | 2024E | 2025E | |
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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: |
NEUTRAL |
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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