BTAL vs. CCOR
BTAL (AGF U.S. Market Neutral Anti-Beta Fund) and CCOR (Core Alternative ETF) are both exchange-traded funds - BTAL is a Equity Market Neutral fund actively managed by AGF, while CCOR is a Large Cap Growth Equities fund actively managed by Core Alternative. Both are actively managed. Over the past 5 years, BTAL returned -4.14%/yr vs -1.67%/yr for CCOR. Their 0.02 correlation means their historical movements had little consistent relationship. BTAL charges 1.40%/yr vs 1.09%/yr for CCOR.
Performance
BTAL vs. CCOR - Performance Comparison
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Returns By Period
In the year-to-date period, BTAL achieves a -14.87% return, which is significantly lower than CCOR's 0.43% return.
BTAL
- 1D
- -0.33%
- 1M
- 5.79%
- 6M
- -13.85%
- YTD
- -14.87%
- 1Y
- -25.47%
- 3Y*
- -8.33%
- 5Y*
- -4.14%
- 10Y*
- -4.41%
- ALL TIME*
- -3.78%
CCOR
- 1D
- -0.57%
- 1M
- 0.53%
- 6M
- -3.08%
- YTD
- 0.43%
- 1Y
- -1.08%
- 3Y*
- -0.82%
- 5Y*
- -1.67%
- 10Y*
- —
- ALL TIME*
- 1.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.19M | $8.38M | $8.16M | |
| $61.54K | $68.15K | $77.63K |
BTAL vs. CCOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTAL AGF U.S. Market Neutral Anti-Beta Fund | -14.87% | -20.17% | 12.83% | -15.11% | 20.48% | -6.81% | -13.86% | 1.07% | 15.13% | -4.74% |
CCOR Core Alternative ETF | 0.43% | 3.52% | -5.70% | -11.92% | 2.51% | 9.90% | 4.07% | 6.03% | 4.64% | 3.97% |
Correlation
The correlation between BTAL and CCOR is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (All Time) Calculated using the full available price history since May 24, 2017 | 0.02 |
Over the past year, BTAL and CCOR have become more correlated (0.34) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
BTAL vs. CCOR — Risk / Return Rank
BTAL
CCOR
BTAL vs. CCOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AGF U.S. Market Neutral Anti-Beta Fund (BTAL) 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.
| BTAL | CCOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.99 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | -0.11 | -0.58 |
| Martin ratioReturn relative to average drawdown | -1.25 | -0.23 | -1.01 |
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Drawdowns
BTAL vs. CCOR - Drawdown Comparison
The maximum BTAL drawdown since its inception was -52.70%, which is greater than CCOR's maximum drawdown of -22.99%. Use the drawdown chart below to compare losses from any high point for BTAL and CCOR.
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Drawdown Indicators
| BTAL | CCOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.70% | -22.99% | -29.71% |
Max Drawdown (1Y)Largest decline over 1 year | -34.57% | -8.79% | -25.78% |
Max Drawdown (3Y)Largest decline over 3 years | -47.83% | -12.31% | -35.52% |
Max Drawdown (5Y)Largest decline over 5 years | -47.83% | -22.99% | -24.84% |
Max Drawdown (10Y)Largest decline over 10 years | -52.70% | — | — |
Current DrawdownCurrent decline from peak | -46.94% | -16.59% | -30.35% |
Average DrawdownAverage peak-to-trough decline | -22.25% | -7.47% | -14.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.09% | 4.18% | +14.91% |
Volatility
BTAL vs. CCOR - Volatility Comparison
AGF U.S. Market Neutral Anti-Beta Fund (BTAL) has a higher volatility of 7.89% compared to Core Alternative ETF (CCOR) at 3.61%. This indicates that BTAL'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.
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Volatility by Period
| BTAL | CCOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.89% | 3.61% | +4.28% |
Volatility (6M)Calculated over the trailing 6-month period | 17.97% | 6.45% | +11.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.85% | 8.20% | +15.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.39% | 11.19% | +8.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.47% | 10.78% | +6.69% |
BTAL vs. CCOR - Expense Ratio Comparison
BTAL has a 1.40% expense ratio, which is higher than CCOR's 1.09% expense ratio.
Dividends
BTAL vs. CCOR - Dividend Comparison
BTAL's dividend yield for the trailing twelve months is around 2.92%, more than CCOR's 0.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BTAL AGF U.S. Market Neutral Anti-Beta Fund | 2.92% | 2.49% | 3.49% | 6.14% | 1.01% | 0.00% | 0.00% | 0.88% | 0.39% | 0.00% |
CCOR Core Alternative ETF | 0.99% | 1.07% | 1.18% | 1.21% | 1.11% | 1.02% | 1.50% | 0.73% | 1.53% | 0.89% |
Frequently Asked Questions
BTAL and CCOR have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTAL has higher volatility (7.89%) compared to CCOR (3.61%). In terms of maximum drawdown, BTAL dropped -52.70% vs CCOR's -22.99%.
On 5-year performance, CCOR leads with -1.67% vs -4.14% for BTAL. On fees, CCOR is cheaper at 1.09% per year. On volatility, CCOR has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, CCOR has performed better with a -1.67% return vs -4.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CCOR is cheaper with a 1.09% expense ratio, compared with 1.40% for BTAL.
BTAL has the higher dividend yield at 2.92%, compared with 0.99% for CCOR.
BTAL is categorized as Equity Market Neutral, while CCOR is Large Cap Growth Equities. They also come from different issuers: AGF and Core Alternative. Their fees differ too: 1.40% for BTAL and 1.09% for CCOR.
CCOR currently has the higher Sharpe Ratio (-0.12 vs -1.00), 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.
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