CCOR vs. BTAL
Compare and contrast key facts about Core Alternative ETF (CCOR) and AGFiQ US Market Neutral Anti-Beta Fund (BTAL).
CCOR and BTAL 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. BTAL is a passively managed fund by AGF that tracks the performance of the Dow Jones U.S. Thematic Market Neutral Anti-Beta Total Return Index. It was launched on Sep 13, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CCOR or BTAL.
Key characteristics
| CCOR | BTAL | |
|---|---|---|
| YTD Return | 0.70% | 19.53% |
| 1Y Return | 0.49% | 11.98% |
| 3Y Return (Ann) | -1.43% | 8.15% |
| 5Y Return (Ann) | 1.34% | -0.76% |
| Sharpe Ratio | 0.06 | 0.74 |
| Daily Std Dev | 9.46% | 16.71% |
| Max Drawdown | -22.99% | -38.36% |
| Current Drawdown | -14.33% | -17.29% |
Correlation
The correlation between CCOR and BTAL is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
CCOR vs. BTAL - Performance Comparison
In the year-to-date period, CCOR achieves a 0.70% return, which is significantly lower than BTAL's 19.53% 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. BTAL - Expense Ratio Comparison
CCOR has a 1.09% expense ratio, which is lower than BTAL's 2.11% expense ratio.
Risk-Adjusted Performance
CCOR vs. BTAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Core Alternative ETF (CCOR) and AGFiQ US Market Neutral Anti-Beta Fund (BTAL). 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. BTAL - Dividend Comparison
CCOR's dividend yield for the trailing twelve months is around 1.15%, less than BTAL's 5.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
CCOR Core Alternative ETF | 1.15% | 1.21% | 1.11% | 1.02% | 1.50% | 0.73% | 1.53% | 0.89% |
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 5.14% | 6.14% | 1.01% | 0.00% | 0.00% | 0.88% | 0.39% | 0.00% |
Drawdowns
CCOR vs. BTAL - Drawdown Comparison
The maximum CCOR drawdown since its inception was -22.99%, smaller than the maximum BTAL drawdown of -38.36%. Use the drawdown chart below to compare losses from any high point for CCOR and BTAL. For additional features, visit the drawdowns tool.
Volatility
CCOR vs. BTAL - Volatility Comparison
Core Alternative ETF (CCOR) and AGFiQ US Market Neutral Anti-Beta Fund (BTAL) have volatilities of 4.76% and 4.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.