CCOR vs. AIRR
Compare and contrast key facts about Core Alternative ETF (CCOR) and First Trust RBA American Industrial Renaissance ETF (AIRR).
CCOR and AIRR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CCOR is an actively managed fund by Core Alternative Capital. It was launched on May 24, 2017. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CCOR or AIRR.
Key characteristics
| CCOR | AIRR | |
|---|---|---|
| YTD Return | -1.82% | 32.85% |
| 1Y Return | -2.66% | 61.70% |
| 3Y Return (Ann) | -2.60% | 20.80% |
| 5Y Return (Ann) | 0.85% | 22.71% |
| Sharpe Ratio | -0.43 | 2.73 |
| Sortino Ratio | -0.59 | 3.44 |
| Omega Ratio | 0.93 | 1.43 |
| Calmar Ratio | -0.17 | 4.37 |
| Martin Ratio | -0.76 | 15.60 |
| Ulcer Index | 5.26% | 4.08% |
| Daily Std Dev | 9.40% | 23.37% |
| Max Drawdown | -22.99% | -42.37% |
| Current Drawdown | -16.46% | -1.25% |
Correlation
The correlation between CCOR and AIRR 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
CCOR vs. AIRR - Performance Comparison
In the year-to-date period, CCOR achieves a -1.82% return, which is significantly lower than AIRR's 32.85% 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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CCOR vs. AIRR - Expense Ratio Comparison
CCOR has a 1.09% expense ratio, which is higher than AIRR's 0.70% expense ratio.
Risk-Adjusted Performance
CCOR vs. AIRR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Core Alternative ETF (CCOR) and First Trust RBA American Industrial Renaissance ETF (AIRR). 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.
Dividends
CCOR vs. AIRR - Dividend Comparison
CCOR's dividend yield for the trailing twelve months is around 1.14%, more than AIRR's 0.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CCOR Core Alternative ETF | 1.14% | 1.21% | 1.11% | 1.02% | 1.50% | 0.73% | 1.53% | 0.89% | 0.00% | 0.00% | 0.00% |
AIRR First Trust RBA American Industrial Renaissance ETF | 0.17% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% | 0.38% |
Drawdowns
CCOR vs. AIRR - Drawdown Comparison
The maximum CCOR drawdown since its inception was -22.99%, smaller than the maximum AIRR drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for CCOR and AIRR. For additional features, visit the drawdowns tool.
Volatility
CCOR vs. AIRR - Volatility Comparison
The current volatility for Core Alternative ETF (CCOR) is 2.64%, while First Trust RBA American Industrial Renaissance ETF (AIRR) has a volatility of 4.40%. This indicates that CCOR experiences smaller price fluctuations and is considered to be less risky than AIRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.