CCOR vs FTLS
Core Alternative ETF vs First Trust Long/Short Equity ETF
Which is better, CCOR or FTLS?
FTLS has been ahead.
CCOR has a lower expense ratio. FTLS led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CCOR | FTLS |
|---|---|---|
| Expense Ratio | 1.16%Best | 1.38% |
| AUM | $25M | $2.7B |
| Dividend Yield | 1.00% | 0.87% |
| Holdings | 44 | 363 |
| YTD Return | -0.81% | +9.83%Best |
| 1Y Return | -0.54% | +13.43%Best |
| 3Y Return (annualized) | -1.12% | +14.42%Best |
| 5Y Return (annualized) | -1.81% | +10.59%Best |
| Volatility (annualized) | 7.8%Best | 8.9% |
| Max Drawdown | -23.0% | -20.5%Best |
| $10,000 over 5 years | $9,127 | $16,542Best |
| Fund Family | Core Alternative Capital | First Trust Portfolios (US) |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | May 23, 2017 | Sep 8, 2014 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 24, 2017 to Oct 14, 2026 (9.4 years).
CCOR vs FTLS growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 9.4 years both funds cover.
CCOR vs FTLS Performance
Core Alternative ETF (CCOR) is an ETF from Core Alternative Capital and First Trust Long/Short Equity ETF (FTLS) is an ETF from First Trust Portfolios (US). Over the past year CCOR returned -0.54% while FTLS returned +13.43%. Year to date, CCOR is down 0.81% versus a gain of 9.83% for FTLS.
Over three years, CCOR compounded at -1.12% per year against +14.42% for FTLS; over five years the annualized figures are -1.81% and +10.59% respectively. Across the full 9-year window we track, FTLS has the edge at +9.22% annualized vs +0.98%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FTLS has been the more volatile fund, with annualized monthly volatility of 8.9% compared with 7.8% for CCOR. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -23.0% for CCOR and -20.5% for FTLS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.10. They move largely independently of each other.
Fees and Cost Over Time
CCOR charges 1.16% per year while FTLS charges 1.38%. On a $10,000 position that is $116 vs $138 annually, a gap of $22 per year that compounds over a long holding period. On income, CCOR currently yields 1.00% against 0.87% for FTLS.
Holdings Overlap
At least 52.3% of CCOR's money is in holdings FTLS also owns.
Stated as a floor: for FTLS, our book for it covers 94.2% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
17 positions in common, counted across the 37 positions we hold weights for in CCOR and 507 in FTLS, against full books of 44 and 363.
Top Shared Holdings
| Stock | Weight in CCOR | Weight in FTLS | Difference |
|---|---|---|---|
| GOOGLAlphabet, Inc. - Class a | 5.35% | 4.15% | 1.20% |
| AAPLApple, Inc | 3.13% | 5.55% | 2.42% |
| MSFTMicrosoft Corp | 4.23% | 4.13% | 0.10% |
| AMZNAmazon.Com Inc | 2.97% | 2.60% | 0.37% |
| JPMJpmorgan Chase & Co | 3.81% | 0.34% | 3.47% |
| CVXChevron Corp. | 3.42% | 0.71% | 2.71% |
| METAMeta Platforms, Inc. | 2.63% | 1.16% | 1.47% |
| CMEC M E Group Inc. | 3.10% | 0.60% | 2.50% |
| AMGNAmgen Inc. | 3.16% | 0.38% | 2.78% |
| WMTWalmart, Inc. | 3.10% | 0.27% | 2.83% |
52.3% of CCOR is already inside FTLS.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CCOR or FTLS?
CCOR has an expense ratio of 1.16% while FTLS charges 1.38%. CCOR is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, CCOR or FTLS?
Over the past year CCOR returned -0.54% vs +13.43% for FTLS, so FTLS leads on 1-year performance. Over the longest common window we track (9 years), CCOR annualized +0.98% vs +9.22% for FTLS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CCOR or FTLS?
FTLS has been the more volatile fund at 8.9% annualized versus 7.8% for CCOR. Worst drawdown: CCOR -23.0% vs FTLS -20.5%.
Should I hold both CCOR and FTLS?
CCOR and FTLS have a monthly-return correlation of 0.10, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CCOR and FTLS?
At least 52.3% of CCOR's money is in holdings FTLS also owns. Our book for FTLS is partial, so the real figure is this or higher. They hold 17 positions in common, counted across the 37 positions we hold weights for in CCOR and 507 in FTLS.
Which pays a higher dividend, CCOR or FTLS?
CCOR yields 1.00% while FTLS yields 0.87%, so CCOR currently pays the higher dividend yield.
Is FTLS better than CCOR?
CCOR has a lower expense ratio. FTLS led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.