CCOR vs. ANEW

Last updated Aug 4, 2026

CCOR (Core Alternative ETF) and ANEW (ProShares MSCI Transformational Changes ETF) are both Large Cap Growth Equities funds. CCOR is actively managed, while ANEW is passively managed. Over the past 5 years, CCOR returned -1.48%/yr vs 3.31%/yr for ANEW. Their 0.13 correlation means their historical movements had little consistent relationship. CCOR charges 1.09%/yr vs 0.45%/yr for ANEW.

Performance

CCOR vs. ANEW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Core Alternative ETF (CCOR) and ProShares MSCI Transformational Changes ETF (ANEW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CCOR achieves a 1.03% return, which is significantly lower than ANEW's 4.55% return.

CCOR

• 1D: 0.60%
• 1M: 1.13%
• 6M: -2.83%
• YTD: 1.03%
• 1Y: -0.49%
• 3Y*: -1.09%
• 5Y*: -1.48%
• 10Y*: —
• ALL TIME*: 1.77%

ANEW

• 1D: 1.30%
• 1M: 0.36%
• 6M: 4.87%
• YTD: 4.55%
• 1Y: 6.61%
• 3Y*: 13.22%
• 5Y*: 3.31%
• 10Y*: —
• ALL TIME*: 5.48%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ANEW ProShares MSCI Transformational Changes ETF	$7.09K	$6.95K	$7.72K
CCOR Core Alternative ETF	$60.78K	$57.90K	$78.59K

CCOR vs. ANEW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CCOR Core Alternative ETF	1.03%	3.52%	-5.70%	-11.92%	2.51%	9.90%	2.71%
ANEW ProShares MSCI Transformational Changes ETF	4.55%	12.01%	19.37%	22.81%	-29.62%	6.95%	5.40%

Correlation

The correlation between CCOR and ANEW is 0.11, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.11
Correlation (3Y) Balances recent behavior with more history.	0.02
Correlation (5Y) Shows whether the relationship held over a longer period.	0.13
Correlation (All Time) Calculated using the full available price history since Oct 16, 2020	0.13

The correlation between CCOR and ANEW shifts across timeframes, from 0.01 (3 years) to 0.13 (all time), reflecting how their relationship changes across market environments.

CCOR vs. ANEW - Sectors Allocation Comparison

Sectors	CCOR	ANEW
Financial Services	18.6%	2.6%
Technology	15.7%	22.7%
Healthcare	12.2%	27.9%
Industrials	9.4%	5.0%
Consumer Cyclical	9.1%	12.0%
Communication Services	7.8%	15.3%
Consumer Defensive	6.9%	4.9%
Energy	6.4%	-
Utilities	6.3%	-
Basic Materials	4.9%	9.5%
Real Estate	2.8%	0.1%

Return for Risk

CCOR vs. ANEW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CCOR

CCOR Risk / Return Rank: 10
CCOR Sharpe Ratio Rank: 10
CCOR Sortino Ratio Rank: 9
CCOR Omega Ratio Rank: 9
CCOR Calmar Ratio Rank: 10
CCOR Martin Ratio Rank: 10

ANEW

ANEW Risk / Return Rank: 20
ANEW Sharpe Ratio Rank: 22
ANEW Sortino Ratio Rank: 21
ANEW Omega Ratio Rank: 20
ANEW Calmar Ratio Rank: 18
ANEW Martin Ratio Rank: 19

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CCOR vs. ANEW - Risk-Adjusted Trends Comparison

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

	CCOR	ANEW	Difference
Sharpe ratio: Return per unit of total volatility	-0.06	0.48	-0.54
Sortino ratio: Return per unit of downside risk	-0.03	0.76	-0.79
Omega ratio: Gain probability vs. loss probability	1.00	1.09	-0.09
Calmar ratio: Return relative to maximum drawdown	-0.06	0.41	-0.47
Martin ratio: Return relative to average drawdown	-0.12	1.15	-1.27

CCOR vs. ANEW - Sharpe Ratio Comparison

The current CCOR Sharpe Ratio is -0.06, which is lower than the ANEW Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of CCOR and ANEW, 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

CCOR vs. ANEW - Drawdown Comparison

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

Drawdown Indicators

	CCOR	ANEW	Difference
Max Drawdown Largest peak-to-trough decline	-22.99%	-39.87%	+16.88%
Max Drawdown (1Y) Largest decline over 1 year	-8.79%	-16.12%	+7.33%
Max Drawdown (3Y) Largest decline over 3 years	-12.31%	-20.26%	+7.95%
Max Drawdown (5Y) Largest decline over 5 years	-22.99%	-39.87%	+16.88%
Current Drawdown Current decline from peak	-16.09%	-0.54%	-15.55%
Average Drawdown Average peak-to-trough decline	-7.47%	-13.07%	+5.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.19%	5.76%	-1.57%

Volatility

CCOR vs. ANEW - Volatility Comparison

The current volatility for Core Alternative ETF (CCOR) is 3.00%, while ProShares MSCI Transformational Changes ETF (ANEW) has a volatility of 3.47%. This indicates that CCOR experiences smaller price fluctuations and is considered to be less risky than ANEW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CCOR	ANEW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.00%	3.47%	-0.47%
Volatility (6M) Calculated over the trailing 6-month period	6.47%	10.71%	-4.24%
Volatility (1Y) Calculated over the trailing 1-year period	8.24%	13.80%	-5.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.19%	18.91%	-7.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.78%	18.69%	-7.91%

CCOR vs. ANEW - Expense Ratio Comparison

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

Dividends

CCOR vs. ANEW - Dividend Comparison

CCOR's dividend yield for the trailing twelve months is around 0.99%, more than ANEW's 0.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ANEW ProShares MSCI Transformational Changes ETF	0.52%	0.54%	1.08%	0.87%	1.05%	0.24%	0.04%	0.00%	0.00%	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

Can I hold both CCOR and ANEW in my portfolio?

CCOR and ANEW have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CCOR or ANEW?

ANEW has higher volatility (3.47%) compared to CCOR (3.00%). In terms of maximum drawdown, CCOR dropped -22.99% vs ANEW's -39.87%.

Which ETF is better, CCOR or ANEW?

On 5-year performance, ANEW leads with 3.31% vs -1.48% for CCOR. On fees, ANEW is cheaper at 0.45% per year. On volatility, CCOR has been the lower-risk option at 3.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CCOR or ANEW?

Over the 5-year period, ANEW has performed better with a 3.31% return vs -1.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CCOR or ANEW?

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

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

CCOR has the higher dividend yield at 0.99%, compared with 0.52% for ANEW.

What is the main difference between CCOR and ANEW?

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

Which has better risk-adjusted returns?

ANEW currently has the higher Sharpe Ratio (0.48 vs -0.06), 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.