Which did better when the S&P 500 fell, ACIO or CCOR?

In the 26 weeks the S&P 500 fell, by 1.07% a week on average, ACIO averaged −0.90% and CCOR +0.22%, so CCOR returned more in those weeks.

Which earned more than cash, ACIO or CCOR?

Over the same weeks, ACIO finished 3.3 percentage points ahead of cash and CCOR finished 3.9 percentage points ahead of cash. Cash here is BIL, a fund of Treasury bills.

Which is cheaper, ACIO or CCOR?

ACIO charges 0.79% a year and CCOR charges 1.16%, so ACIO is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Alternative ETFs

ACIO vs CCOR: Correlation to the S&P 500

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Over the year to Nov 4, 2026, CCOR moved less with the S&P 500 than ACIO: correlation −0.14 against +0.99.

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Net assets on Jul 31, 2026: $2.4bn for Aptus Collared Investment Opportunity ETF and $28m for Core Alternative ETF.

ACIO on its own →CCOR on its own →

At a glance

+0.99

ACIO correlation with the S&P 500

−0.14

CCOR correlation with the S&P 500

84.3%

ACIO down-week capture

−20.7%

CCOR down-week capture

ACIO Fell 84% as much as the S&P 500

ACIO in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, ACIO −0.90%.

CCOR Rose when the S&P 500 fell

CCOR in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, CCOR +0.22%.

Pair scorecard

ACIO costs 0.37 points a year less; their one-year returns differ by 0.5 points; ACIO is far larger, $2.4bn against $28m.

ACIO vs CCOR: Correlation to the S&P 500
Measure	ACIO	CCOR
Return
Measure	ACIO	CCOR
Total return, 1 year	+7.1%	+7.6%
Against its benchmark
Measure	ACIO	CCOR
Treasury bills, 52 weeks	+3.7%
Cost and size
Measure	ACIO	CCOR
Expense ratio	0.79%	1.16%
Net assets, as of Jul 31, 2026	$2.4bn	$28m
Holdings
Measure	ACIO	CCOR
Holdings in common	not published
Risk
Measure	ACIO	CCOR
Beta to the S&P 500	+0.79: about 0.79% for each 1%	−0.10: about 0.10% for each 1%
Its average week when the S&P 500 fell	fell 0.90%	rose 0.22%

ETFIQ Stock Diversification Score · CCOR scores higher How much does it diversify a stock portfolio?

IQ Alternatives Score17.1ACIO90.9CCOR

How much it diversifies a stock portfolio, ranked against 22 equity hedged alternatives ETFs with a full year. 100 is best. How it is computed

ACIO 17.1

CCOR 90.9

4.5, the lowest in this set 95.5, the highest

One year of weekly moves against the S&P 500, within one strategy; it ignores what the fund returned. All alternatives ETFs ranked by it →

Method

Window by window

Window by window: ACIO vs CCOR: Correlation to the S&P 500
	Total return		vs its benchmark
Window	ACIO	CCOR	ACIO	CCOR
3 months	−1.2%	+3.3%	−1.1 pts vs VOO	not measured
6 months	+1.9%	+6.0%	−3.1 pts vs VOO	not measured
1 year	+7.1%	+7.6%	−7.7 pts vs VOO	not measured
3 years	+52.4%	0.0%	−30.9 pts vs VOO	not measured
Since launchNot the same days: ACIO Jul 2019 · CCOR May 2017	+98.5%	+21.2%	−87.7 pts vs VOO	not measured

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Side by side

ACIO Aptus Collared Investment Opportunity ETF · Hedged equity fund: owns stocks and pays for protection against a fall, most often with put options CCOR Core Alternative ETF · Hedged equity fund: owns stocks and pays for protection against a fall, most often with put options

Issuer Aptus Core Alternative

Strategy Hedged equity Hedged equity

Correlation with the S&P 500 +0.99 −0.14

Beta to the S&P 500 +0.79 −0.10

Down-week capture 84.3% −20.7%

Average week when the S&P 500 fell −0.90% +0.22%

The S&P 500 in those weeks −1.07% −1.07%

Total return, same 52 weeks +6.9% +7.5%

Against T-bills, percentage points +3.3 pts +3.9 pts

Expense ratio 0.79% 1.16%

First traded Jul 10, 2019 May 24, 2017

Net assets, as of Jul 31, 2026 $2.4bn $28m

As of Nov 4, 2026. Source: ETFIQ.

One strategy, two funds

ACIO and CCOR both run a hedged equity strategy. Over the same 52 weeks to Nov 4, 2026, ACIO’s weekly returns had a correlation of +0.99 with the S&P 500 and CCOR’s −0.14. In the 26 weeks the index fell, by 1.07% a week on average, ACIO averaged −0.90% and CCOR +0.22%. Over the same weeks, ACIO finished 3.3 percentage points ahead of cash and CCOR finished 3.9 points ahead of cash.

Alert

About each fund

ACIO

ACIO is a hedged equity fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Nov 4, 2026, its weekly returns had a correlation of +0.99 with the S&P 500’s and a beta of +0.79, so for each 1% the index moved it moved about 0.79% the same way. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. In the same weeks ACIO fell 0.90% on average, a down-week capture of 84.3%. Over the same 52 weeks ACIO returned +6.9% and a Treasury bill fund +3.7%, so it finished 3.3 percentage points ahead of cash.

CCOR

CCOR is a hedged equity fund. Over the year to Nov 4, 2026, its weekly returns had a correlation of −0.14 with the S&P 500’s and a beta of −0.10, so for each 1% the index moved it moved about 0.10% the other way. In the same weeks CCOR rose 0.22% on average, a down-week capture of −20.7%. Over the same 52 weeks CCOR returned +7.5% and a Treasury bill fund +3.7%, so it finished 3.9 percentage points ahead of cash.

Questions people ask

Which moved less with the S&P 500, ACIO or CCOR?: Over the 52 weeks to Nov 4, 2026, ACIO’s weekly returns had a correlation of +0.99 with the S&P 500 and CCOR’s −0.14, so CCOR moved less with the index.
Which did better when the S&P 500 fell, ACIO or CCOR?: In the 26 weeks the S&P 500 fell, by 1.07% a week on average, ACIO averaged −0.90% and CCOR +0.22%, so CCOR returned more in those weeks.
Which earned more than cash, ACIO or CCOR?: Over the same weeks, ACIO finished 3.3 percentage points ahead of cash and CCOR finished 3.9 percentage points ahead of cash. Cash here is BIL, a fund of Treasury bills.
Which is cheaper, ACIO or CCOR?: ACIO charges 0.79% a year and CCOR charges 1.16%, so ACIO is cheaper. Fees come from each fund's prospectus.

Other comparisons

ACIO vs QBUL ACIO vs QTR ACIO vs XTR ACIO vs CAOS CCOR vs HELO CCOR vs FHEQ CCOR vs HEGD CCOR vs CAOS

Where to next

BIL, the T-bill fund these are measured against →SPY, the S&P 500 fund these are measured against →ACIO on its own →CCOR on its own →ACIO dividend history →CCOR dividend history →Method →Standards and sources →

Sources and dates

ACIO filings on SEC EDGAR ↗

ACIO prospectus with the expense ratio (SEC) ↗

Aptus website ↗

CCOR filings on SEC EDGAR ↗

CCOR prospectus with the expense ratio (SEC) ↗

Core Alternative website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, ACIO against CCOR, data as of Nov 4, 2026. https://etfiq.com/compare/alternatives/acio-vs-ccor

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