AIRR vs. CCOR
Compare and contrast key facts about First Trust RBA American Industrial Renaissance ETF (AIRR) and Core Alternative ETF (CCOR).
AIRR and CCOR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AIRR is a passively managed fund by First Trust that tracks the performance of the Richard Bernstein Advisors American Industrial Renaissance (TR). It was launched on Mar 10, 2014. CCOR is an actively managed fund by Core Alternative Capital. It was launched on May 24, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIRR or CCOR.
Key characteristics
| AIRR | CCOR | |
|---|---|---|
| YTD Return | 8.14% | -12.01% |
| 1Y Return | 18.48% | -7.98% |
| 5Y Return (Ann) | 12.59% | 3.54% |
| 10Y Return (Ann) | 10.36% | 2.89% |
| Sharpe Ratio | 0.66 | -0.72 |
| Daily Std Dev | 26.52% | 12.77% |
| Max Drawdown | -42.37% | -15.00% |
Correlation
The correlation between AIRR and CCOR is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
AIRR vs. CCOR - Performance Comparison
In the year-to-date period, AIRR achieves a 8.14% return, which is significantly lower than CCOR's -12.01% return. Over the past 10 years, AIRR has outperformed CCOR with an annualized return of 10.36%, while CCOR has yielded a comparatively lower 2.89% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AIRR vs. CCOR - Dividend Comparison
AIRR's dividend yield for the trailing twelve months is around 0.18%, less than CCOR's 1.68% yield.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIRR First Trust RBA American Industrial Renaissance ETF | 0.18% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.48% | 0.38% |
CCOR Core Alternative ETF | 1.68% | 1.11% | 1.03% | 1.54% | 0.76% | 1.61% | 0.95% | 0.00% | 0.00% | 0.00% |
AIRR vs. CCOR - Expense Ratio Comparison
AIRR vs. CCOR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust RBA American Industrial Renaissance ETF (AIRR) 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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
AIRR First Trust RBA American Industrial Renaissance ETF | 0.66 | ||||
CCOR Core Alternative ETF | -0.72 |
AIRR vs. CCOR - Drawdown Comparison
The maximum AIRR drawdown for the period was -14.36%, roughly equal to the maximum CCOR drawdown of -15.00%. The drawdown chart below compares losses from any high point along the way for AIRR and CCOR
AIRR vs. CCOR - Volatility Comparison
First Trust RBA American Industrial Renaissance ETF (AIRR) has a higher volatility of 7.06% compared to Core Alternative ETF (CCOR) at 2.97%. This indicates that AIRR'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.