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AIRR vs. CCOR
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


AIRRCCOR
YTD Return19.30%-7.32%
1Y Return35.37%-7.27%
3Y Return (Ann)19.03%-4.06%
5Y Return (Ann)22.33%-0.37%
Sharpe Ratio1.47-1.06
Daily Std Dev21.64%7.92%
Max Drawdown-42.37%-22.44%
Current Drawdown-5.76%-21.15%

Correlation

-0.50.00.51.00.3

The correlation between AIRR and CCOR is 0.25, 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.

Performance

AIRR vs. CCOR - Performance Comparison

In the year-to-date period, AIRR achieves a 19.30% return, which is significantly higher than CCOR's -7.32% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%50.00%100.00%150.00%200.00%2024FebruaryMarchAprilMayJune
202.02%
10.09%
AIRR
CCOR

Compare stocks, funds, or ETFs

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First Trust RBA American Industrial Renaissance ETF

Core Alternative ETF

AIRR vs. CCOR - Expense Ratio Comparison

AIRR has a 0.70% expense ratio, which is lower than CCOR's 1.09% expense ratio.


CCOR
Core Alternative ETF
Expense ratio chart for CCOR: current value at 1.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.09%
Expense ratio chart for AIRR: current value at 0.70% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.70%

Risk-Adjusted Performance

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.


AIRR
Sharpe ratio
The chart of Sharpe ratio for AIRR, currently valued at 1.47, compared to the broader market0.002.004.006.001.47
Sortino ratio
The chart of Sortino ratio for AIRR, currently valued at 2.08, compared to the broader market0.005.0010.002.08
Omega ratio
The chart of Omega ratio for AIRR, currently valued at 1.24, compared to the broader market0.501.001.502.002.503.003.501.24
Calmar ratio
The chart of Calmar ratio for AIRR, currently valued at 2.06, compared to the broader market0.005.0010.0015.0020.002.06
Martin ratio
The chart of Martin ratio for AIRR, currently valued at 5.71, compared to the broader market0.0020.0040.0060.0080.00100.00120.005.71
CCOR
Sharpe ratio
The chart of Sharpe ratio for CCOR, currently valued at -1.06, compared to the broader market0.002.004.006.00-1.06
Sortino ratio
The chart of Sortino ratio for CCOR, currently valued at -1.48, compared to the broader market0.005.0010.00-1.48
Omega ratio
The chart of Omega ratio for CCOR, currently valued at 0.84, compared to the broader market0.501.001.502.002.503.003.500.84
Calmar ratio
The chart of Calmar ratio for CCOR, currently valued at -0.37, compared to the broader market0.005.0010.0015.0020.00-0.37
Martin ratio
The chart of Martin ratio for CCOR, currently valued at -1.65, compared to the broader market0.0020.0040.0060.0080.00100.00120.00-1.65

AIRR vs. CCOR - Sharpe Ratio Comparison

The current AIRR Sharpe Ratio is 1.47, which is higher than the CCOR Sharpe Ratio of -1.06. The chart below compares the 12-month rolling Sharpe Ratio of AIRR and CCOR.


Rolling 12-month Sharpe Ratio-2.00-1.000.001.002.002024FebruaryMarchAprilMayJune
1.47
-1.06
AIRR
CCOR

Dividends

AIRR vs. CCOR - Dividend Comparison

AIRR's dividend yield for the trailing twelve months is around 0.16%, less than CCOR's 1.25% yield.


TTM2023202220212020201920182017201620152014
AIRR
First Trust RBA American Industrial Renaissance ETF
0.16%0.23%0.12%0.05%0.10%0.20%0.43%0.30%0.08%0.47%0.38%
CCOR
Core Alternative ETF
1.25%1.21%1.11%1.02%1.50%0.73%1.53%0.89%0.00%0.00%0.00%

Drawdowns

AIRR vs. CCOR - Drawdown Comparison

The maximum AIRR drawdown since its inception was -42.37%, which is greater than CCOR's maximum drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for AIRR and CCOR. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%2024FebruaryMarchAprilMayJune
-5.76%
-21.15%
AIRR
CCOR

Volatility

AIRR vs. CCOR - Volatility Comparison

First Trust RBA American Industrial Renaissance ETF (AIRR) has a higher volatility of 6.95% compared to Core Alternative ETF (CCOR) at 2.84%. 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.


1.00%2.00%3.00%4.00%5.00%6.00%7.00%8.00%2024FebruaryMarchAprilMayJune
6.95%
2.84%
AIRR
CCOR