ANEW vs. CCOR

Last updated Jun 24, 2026

ANEW (ProShares MSCI Transformational Changes ETF) and CCOR (Core Alternative ETF) are both Large Cap Growth Equities funds. ANEW is passively managed, while CCOR is actively managed. Over the past 5 years, ANEW returned 2.56%/yr vs -1.97%/yr for CCOR. At a 0.13 correlation, their price movements are largely independent. ANEW charges 0.45%/yr vs 1.09%/yr for CCOR.

Performance

ANEW vs. CCOR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares MSCI Transformational Changes ETF (ANEW) 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, ANEW achieves a -0.60% return, which is significantly higher than CCOR's -2.72% return.

ANEW

• 1D: -0.80%
• 1M: -1.21%
• YTD: -0.60%
• 6M: -1.54%
• 1Y: 3.24%
• 3Y*: 12.26%
• 5Y*: 2.56%
• 10Y*: —

CCOR

• 1D: 1.37%
• 1M: -0.73%
• YTD: -2.72%
• 6M: -2.94%
• 1Y: -3.86%
• 3Y*: -1.69%
• 5Y*: -1.97%
• 10Y*: —

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

ANEW vs. CCOR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ANEW ProShares MSCI Transformational Changes ETF	-0.60%	12.01%	19.37%	22.81%	-29.62%	6.95%	5.40%
CCOR Core Alternative ETF	-2.72%	3.52%	-5.70%	-11.92%	2.51%	9.90%	2.71%

Correlation

The correlation between ANEW and CCOR is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (All Time) Calculated using the full available price history since Oct 16, 2020	0.13

The correlation between ANEW and CCOR shifts across timeframes, from 0.01 (3 years) to 0.16 (1 year), reflecting how their relationship changes across market environments.

ANEW vs. CCOR - Sectors Allocation Comparison

Sectors	ANEW	CCOR
Technology	26.0%	15.6%
Healthcare	22.5%	11.2%
Communication Services	14.9%	8.3%
Consumer Cyclical	11.3%	8.8%
Basic Materials	10.9%	4.9%
Industrials	6.1%	9.1%
Consumer Defensive	4.3%	7.0%
Financial Services	3.8%	18.2%
Real Estate	0.2%	2.8%
Energy	-	7.9%
Utilities	-	6.2%

Return for Risk

ANEW vs. CCOR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ANEW

ANEW Risk / Return Rank: 11
ANEW Sharpe Ratio Rank: 12
ANEW Sortino Ratio Rank: 11
ANEW Omega Ratio Rank: 11
ANEW Calmar Ratio Rank: 11
ANEW Martin Ratio Rank: 11

CCOR

CCOR Risk / Return Rank: 5
CCOR Sharpe Ratio Rank: 5
CCOR Sortino Ratio Rank: 4
CCOR Omega Ratio Rank: 4
CCOR Calmar Ratio Rank: 5
CCOR Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ANEW vs. CCOR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares MSCI Transformational Changes ETF (ANEW) 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.

	ANEW	CCOR	Difference
Sharpe ratio: Return per unit of total volatility	0.24	-0.51	+0.75
Sortino ratio: Return per unit of downside risk	0.42	-0.66	+1.09
Omega ratio: Gain probability vs. loss probability	1.05	0.92	+0.13
Calmar ratio: Return relative to maximum drawdown	0.20	-0.44	+0.64
Martin ratio: Return relative to average drawdown	0.57	-0.94	+1.51

ANEW vs. CCOR - Sharpe Ratio Comparison

The current ANEW Sharpe Ratio is 0.24, which is higher than the CCOR Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of ANEW 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

ANEW vs. CCOR - Drawdown Comparison

The maximum ANEW drawdown since its inception was -39.87%, which is greater than CCOR's maximum drawdown of -22.99%. Use the drawdown chart below to compare losses from any high point for ANEW and CCOR.

Drawdown Indicators

	ANEW	CCOR	Difference
Max Drawdown Largest peak-to-trough decline	-39.87%	-22.99%	-16.88%
Max Drawdown (1Y) Largest decline over 1 year	-16.12%	-8.79%	-7.33%
Max Drawdown (3Y) Largest decline over 3 years	-20.26%	-12.31%	-7.95%
Max Drawdown (5Y) Largest decline over 5 years	-39.87%	-22.99%	-16.88%
Current Drawdown Current decline from peak	-5.45%	-19.21%	+13.76%
Average Drawdown Average peak-to-trough decline	-13.28%	-7.35%	-5.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.71%	4.10%	+1.61%

Volatility

ANEW vs. CCOR - Volatility Comparison

ProShares MSCI Transformational Changes ETF (ANEW) has a higher volatility of 4.75% compared to Core Alternative ETF (CCOR) at 3.51%. This indicates that ANEW'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

	ANEW	CCOR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.75%	3.51%	+1.24%
Volatility (6M) Calculated over the trailing 6-month period	10.61%	5.62%	+4.99%
Volatility (1Y) Calculated over the trailing 1-year period	13.69%	7.56%	+6.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.90%	11.15%	+7.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.80%	10.77%	+8.03%

ANEW vs. CCOR - Expense Ratio Comparison

ANEW has a 0.45% expense ratio, which is lower than CCOR's 1.09% expense ratio.

Dividends

ANEW vs. CCOR - Dividend Comparison

ANEW's dividend yield for the trailing twelve months is around 0.63%, less than CCOR's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ANEW ProShares MSCI Transformational Changes ETF	0.63%	0.54%	1.08%	0.87%	1.05%	0.24%	0.04%	0.00%	0.00%	0.00%
CCOR Core Alternative ETF	1.02%	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 ANEW and CCOR in my portfolio?

ANEW and CCOR have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ANEW or CCOR?

ANEW has higher volatility (4.75%) compared to CCOR (3.51%). In terms of maximum drawdown, ANEW dropped -39.87% vs CCOR's -22.99%.

Which ETF is better, ANEW or CCOR?

On 5-year performance, ANEW leads with 2.56% vs -1.97% for CCOR. On fees, ANEW is cheaper at 0.45% per year. On volatility, CCOR has been the lower-risk option at 3.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ANEW or CCOR?

Over the 5-year period, ANEW has performed better with a 2.56% return vs -1.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ANEW or CCOR?

ANEW is cheaper with a 0.45% expense ratio, compared with 1.09% for CCOR.

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

CCOR has the higher dividend yield at 1.02%, compared with 0.63% for ANEW.

What is the main difference between ANEW and CCOR?

They also come from different issuers: ProShares and Core Alternative Capital. Their fees differ too: 0.45% for ANEW and 1.09% for CCOR.

Which has better risk-adjusted returns?

ANEW currently has the higher Sharpe Ratio (0.24 vs -0.51), 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.