CCOR vs. BTAL
CCOR (Core Alternative ETF) and BTAL (AGF U.S. Market Neutral Anti-Beta Fund) are both exchange-traded funds - CCOR is a Large Cap Growth Equities fund actively managed by Core Alternative, while BTAL is a Equity Market Neutral fund actively managed by AGF. Both are actively managed. Over the past 5 years, CCOR returned -1.67%/yr vs -4.14%/yr for BTAL. Their 0.02 correlation means their historical movements had little consistent relationship. CCOR charges 1.09%/yr vs 1.40%/yr for BTAL.
Performance
CCOR vs. BTAL - Performance Comparison
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Returns By Period
In the year-to-date period, CCOR achieves a 0.43% return, which is significantly higher than BTAL's -14.87% return.
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%
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%
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 |
CCOR vs. BTAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCOR Core Alternative ETF | 0.43% | 3.52% | -5.70% | -11.92% | 2.51% | 9.90% | 4.07% | 6.03% | 4.64% | 3.97% |
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% |
Correlation
The correlation between CCOR and BTAL 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, CCOR and BTAL 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
CCOR vs. BTAL — Risk / Return Rank
CCOR
BTAL
CCOR vs. BTAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Core Alternative ETF (CCOR) and AGF U.S. 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.
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 | BTAL | 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 | 0.99 | 0.85 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | -0.69 | +0.58 |
| Martin ratioReturn relative to average drawdown | -0.23 | -1.25 | +1.01 |
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Drawdowns
CCOR vs. BTAL - Drawdown Comparison
The maximum CCOR drawdown since its inception was -22.99%, smaller than the maximum BTAL drawdown of -52.70%. Use the drawdown chart below to compare losses from any high point for CCOR and BTAL.
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Drawdown Indicators
| CCOR | BTAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.99% | -52.70% | +29.71% |
Max Drawdown (1Y)Largest decline over 1 year | -8.79% | -34.57% | +25.78% |
Max Drawdown (3Y)Largest decline over 3 years | -12.31% | -47.83% | +35.52% |
Max Drawdown (5Y)Largest decline over 5 years | -22.99% | -47.83% | +24.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.70% | — |
Current DrawdownCurrent decline from peak | -16.59% | -46.94% | +30.35% |
Average DrawdownAverage peak-to-trough decline | -7.47% | -22.25% | +14.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.18% | 19.09% | -14.91% |
Volatility
CCOR vs. BTAL - Volatility Comparison
The current volatility for Core Alternative ETF (CCOR) is 3.61%, while AGF U.S. Market Neutral Anti-Beta Fund (BTAL) has a volatility of 7.89%. This indicates that CCOR experiences smaller price fluctuations and is considered to be less risky than BTAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCOR | BTAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 7.89% | -4.28% |
Volatility (6M)Calculated over the trailing 6-month period | 6.45% | 17.97% | -11.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.20% | 23.85% | -15.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.19% | 19.39% | -8.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.78% | 17.47% | -6.69% |
CCOR vs. BTAL - Expense Ratio Comparison
CCOR has a 1.09% expense ratio, which is lower than BTAL's 1.40% expense ratio.
Dividends
CCOR vs. BTAL - Dividend Comparison
CCOR's dividend yield for the trailing twelve months is around 0.99%, less than BTAL's 2.92% 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
CCOR and BTAL 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, CCOR dropped -22.99% vs BTAL's -52.70%.
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.
CCOR is categorized as Large Cap Growth Equities, while BTAL is Equity Market Neutral. They also come from different issuers: Core Alternative and AGF. Their fees differ too: 1.09% for CCOR and 1.40% for BTAL.
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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