AFLG vs. CCOR

Last updated Aug 5, 2026

AFLG (First Trust Active Factor Large Cap ETF) and CCOR (Core Alternative ETF) are both Large Cap Growth Equities funds. AFLG is passively managed, while CCOR is actively managed. Over the past 5 years, AFLG returned 12.78%/yr vs -1.46%/yr for CCOR. Their 0.27 correlation means their historical movements had little consistent relationship. AFLG charges 0.55%/yr vs 1.09%/yr for CCOR.

Performance

AFLG vs. CCOR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Active Factor Large Cap ETF (AFLG) and Core Alternative ETF (CCOR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AFLG achieves a 15.91% return, which is significantly higher than CCOR's 1.40% return.

AFLG

• 1D: 1.69%
• 1M: 4.69%
• 6M: 12.82%
• YTD: 15.91%
• 1Y: 23.44%
• 3Y*: 21.94%
• 5Y*: 12.78%
• 10Y*: —
• ALL TIME*: 14.26%

CCOR

• 1D: 0.37%
• 1M: 1.50%
• 6M: -2.63%
• YTD: 1.40%
• 1Y: 0.01%
• 3Y*: -0.96%
• 5Y*: -1.46%
• 10Y*: —
• ALL TIME*: 1.81%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AFLG First Trust Active Factor Large Cap ETF	$2.85M	$2.89M	$2.67M
CCOR Core Alternative ETF	$61.50K	$56.93K	$78.52K

AFLG vs. CCOR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AFLG First Trust Active Factor Large Cap ETF	15.91%	14.23%	27.02%	20.10%	-16.41%	27.29%	10.31%	2.58%
CCOR Core Alternative ETF	1.40%	3.52%	-5.70%	-11.92%	2.51%	9.90%	4.07%	1.95%

Correlation

The correlation between AFLG and CCOR is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.02
Correlation (3Y) Balances recent behavior with more history.	0.01
Correlation (5Y) Shows whether the relationship held over a longer period.	0.20
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019	0.27

Over the past year, the correlation between AFLG and CCOR has dropped to 0.02 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.

AFLG vs. CCOR - Sectors Allocation Comparison

Sectors	AFLG	CCOR
Technology	38.3%	15.7%
Financial Services	9.9%	18.6%
Consumer Cyclical	9.9%	9.1%
Communication Services	9.1%	7.8%
Industrials	8.8%	9.4%
Healthcare	6.9%	12.2%
Energy	4.3%	6.4%
Utilities	3.8%	6.3%
Consumer Defensive	3.3%	6.9%
Basic Materials	3.2%	4.9%
Real Estate	2.5%	2.8%

Return for Risk

AFLG vs. CCOR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AFLG

AFLG Risk / Return Rank: 76
AFLG Sharpe Ratio Rank: 77
AFLG Sortino Ratio Rank: 75
AFLG Omega Ratio Rank: 75
AFLG Calmar Ratio Rank: 73
AFLG Martin Ratio Rank: 82

CCOR

CCOR Risk / Return Rank: 10
CCOR Sharpe Ratio Rank: 10
CCOR Sortino Ratio Rank: 9
CCOR Omega Ratio Rank: 9
CCOR Calmar Ratio Rank: 10
CCOR Martin Ratio Rank: 10

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AFLG vs. CCOR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Active Factor Large Cap ETF (AFLG) and Core Alternative ETF (CCOR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AFLG	CCOR	Difference
Sharpe ratio: Return per unit of total volatility	1.96	0.00	+1.96
Sortino ratio: Return per unit of downside risk	2.72	0.06	+2.66
Omega ratio: Gain probability vs. loss probability	1.35	1.01	+0.34
Calmar ratio: Return relative to maximum drawdown	2.87	0.00	+2.87
Martin ratio: Return relative to average drawdown	12.36	0.00	+12.36

AFLG vs. CCOR - Sharpe Ratio Comparison

The current AFLG Sharpe Ratio is 1.96, which is higher than the CCOR Sharpe Ratio of 0.00. The chart below compares the historical Sharpe Ratios of AFLG and CCOR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AFLG vs. CCOR - Drawdown Comparison

The maximum AFLG drawdown since its inception was -35.84%, which is greater than CCOR's maximum drawdown of -22.99%. Use the drawdown chart below to compare losses from any high point for AFLG and CCOR.

Drawdown Indicators

	AFLG	CCOR	Difference
Max Drawdown Largest peak-to-trough decline	-35.84%	-22.99%	-12.85%
Max Drawdown (1Y) Largest decline over 1 year	-8.19%	-8.79%	+0.60%
Max Drawdown (3Y) Largest decline over 3 years	-17.49%	-12.31%	-5.18%
Max Drawdown (5Y) Largest decline over 5 years	-23.48%	-22.99%	-0.49%
Current Drawdown Current decline from peak	0.00%	-15.78%	+15.78%
Average Drawdown Average peak-to-trough decline	-5.60%	-7.47%	+1.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	4.19%	-2.29%

Volatility

AFLG vs. CCOR - Volatility Comparison

First Trust Active Factor Large Cap ETF (AFLG) has a higher volatility of 3.18% compared to Core Alternative ETF (CCOR) at 3.00%. This indicates that AFLG's price experiences larger fluctuations and is considered to be riskier than CCOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AFLG	CCOR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.18%	3.00%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	9.49%	6.47%	+3.02%
Volatility (1Y) Calculated over the trailing 1-year period	12.10%	8.23%	+3.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.88%	11.19%	+4.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.06%	10.77%	+8.29%

AFLG vs. CCOR - Expense Ratio Comparison

AFLG has a 0.55% expense ratio, which is lower than CCOR's 1.09% expense ratio.

Dividends

AFLG vs. CCOR - Dividend Comparison

AFLG's dividend yield for the trailing twelve months is around 0.69%, less than CCOR's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AFLG First Trust Active Factor Large Cap ETF	0.69%	0.84%	0.53%	1.53%	1.52%	0.93%	1.28%	0.20%	0.00%	0.00%
CCOR Core Alternative ETF	0.98%	1.07%	1.18%	1.21%	1.11%	1.02%	1.50%	0.73%	1.53%	0.89%

Frequently Asked Questions

Can I hold both AFLG and CCOR in my portfolio?

AFLG and CCOR have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AFLG or CCOR?

AFLG has higher volatility (3.18%) compared to CCOR (3.00%). In terms of maximum drawdown, AFLG dropped -35.84% vs CCOR's -22.99%.

Which ETF is better, AFLG or CCOR?

On 5-year performance, AFLG leads with 12.78% vs -1.46% for CCOR. On fees, AFLG is cheaper at 0.55% per year. On volatility, CCOR has been the lower-risk option at 3.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AFLG or CCOR?

Over the 5-year period, AFLG has performed better with a 12.78% return vs -1.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AFLG or CCOR?

AFLG is cheaper with a 0.55% expense ratio, compared with 1.09% for CCOR.

Which ETF pays a higher dividend yield, AFLG or CCOR?

CCOR has the higher dividend yield at 0.98%, compared with 0.69% for AFLG.

What is the main difference between AFLG and CCOR?

They also come from different issuers: First Trust and Core Alternative. Their fees differ too: 0.55% for AFLG and 1.09% for CCOR.

Which has better risk-adjusted returns?

AFLG currently has the higher Sharpe Ratio (1.96 vs 0.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.