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Data as of Nov 4, 2026.

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Alternative ETFs

CAOS vs CCOR: Correlation to the S&P 500

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Over the year to Nov 4, 2026, CAOS moved less with the S&P 500 than CCOR: correlation −0.15 against −0.14.

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Net assets: $728m on Nov 3, 2026 for Alpha Architect Tail Risk ETF, and $28m on Jul 31, 2026 for Core Alternative ETF.

CAOS on its own →CCOR on its own →
At a glance
−0.15
CAOS correlation with the S&P 500
−0.14
CCOR correlation with the S&P 500
−3.3%
CAOS down-week capture
−20.7%
CCOR down-week capture
CAOS Rose when the S&P 500 fell
Rose when the S&P 500 fellCAOS in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, CAOS +0.04%.SPY−1.07%CAOS+0.04%Average week when SPY fell: 26 of 52, year to Nov 4, 2026Rose when the S&P 500 fellCAOS in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, CAOS +0.04%.SPY−1.07%CAOS+0.04%Average week when SPY fell

CAOS in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, CAOS +0.04%.

CCOR Rose when the S&P 500 fell
Rose when the S&P 500 fellCCOR in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, CCOR +0.22%.SPY−1.07%CCOR+0.22%Average week when SPY fell: 26 of 52, year to Nov 4, 2026Rose when the S&P 500 fellCCOR in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, CCOR +0.22%.SPY−1.07%CCOR+0.22%Average week when SPY fell

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

Pair scorecard

CAOS costs 0.53 points a year less; their one-year returns differ by 6.3 points.

CAOS vs CCOR: Correlation to the S&P 500
MeasureCAOSCCOR
Return
Total return, 1 year+1.3%+7.6%
Against its benchmark
Treasury bills, 52 weeks+3.7%
Cost and size
Expense ratio0.63%1.16%
Net assets, CAOS as of Nov 3, 2026 and CCOR as of Jul 31, 2026$728m$28m
Holdings
Holdings in commonnot published
Risk
Beta to the S&P 500−0.01: about 0.01% for each 1%−0.10: about 0.10% for each 1%
Its average week when the S&P 500 fellrose 0.04%rose 0.22%
ETFIQ Stock Diversification Score · CCOR scores higher How much does it diversify a stock portfolio?
IQ Alternatives Score84CAOS90.9CCOR

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

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: CAOS vs CCOR: Correlation to the S&P 500
Total return
WindowCAOSCCOR
3 months+1.0%+3.3%
6 months+0.8%+6.0%
1 year+1.3%+7.6%
3 years+10.5%0.0%
Since launchNot the same days: CAOS Mar 2023 · CCOR May 2017+18.5%+21.2%

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Side by side

CAOS Alpha Architect Tail Risk 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 Alpha Architect Core Alternative
Strategy Hedged equity Hedged equity
Correlation with the S&P 500 −0.15 −0.14
Beta to the S&P 500 −0.01 −0.10
Down-week capture −3.3% −20.7%
Average week when the S&P 500 fell +0.04% +0.22%
The S&P 500 in those weeks −1.07% −1.07%
Total return, same 52 weeks +1.3% +7.5%
Against T-bills, percentage points −2.3 pts +3.9 pts
Expense ratio 0.63% 1.16%
First traded Mar 6, 2023 May 24, 2017
Net assets, CAOS as of Nov 3, 2026 and CCOR as of Jul 31, 2026 $728m $28m

As of Nov 4, 2026. Source: ETFIQ.

One strategy, two funds

CAOS and CCOR both run a hedged equity strategy. Over the same 52 weeks to Nov 4, 2026, CAOS’s weekly returns had a correlation of −0.15 with the S&P 500 and CCOR’s −0.14. In the 26 weeks the index fell, by 1.07% a week on average, CAOS averaged +0.04% and CCOR +0.22%. Over the same weeks, CAOS finished 2.3 percentage points behind cash and CCOR finished 3.9 points ahead of cash.

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About each fund
CAOS

CAOS 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 −0.15 with the S&P 500’s and a beta of −0.01, so for each 1% the index moved it moved about 0.01% the other way. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. In the same weeks CAOS rose 0.04% on average, a down-week capture of −3.3%. Over the same 52 weeks CAOS returned +1.3% and a Treasury bill fund +3.7%, so it finished 2.3 percentage points behind 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, CAOS or CCOR?
Over the 52 weeks to Nov 4, 2026, CAOS’s weekly returns had a correlation of −0.15 with the S&P 500 and CCOR’s −0.14, so CAOS moved less with the index.
Which did better when the S&P 500 fell, CAOS or CCOR?
In the 26 weeks the S&P 500 fell, by 1.07% a week on average, CAOS averaged +0.04% and CCOR +0.22%, so CCOR returned more in those weeks.
Which earned more than cash, CAOS or CCOR?
Over the same weeks, CAOS finished 2.3 percentage points behind cash and CCOR finished 3.9 percentage points ahead of cash. Cash here is BIL, a fund of Treasury bills.
Which is cheaper, CAOS or CCOR?
CAOS charges 0.63% a year and CCOR charges 1.16%, so CAOS is cheaper. Fees come from each fund's prospectus.
Other comparisons
CAOS vs QBULCAOS vs HEQQCAOS vs QTRCAOS vs XTRCCOR vs HEGDCCOR vs FHEQCCOR vs HEDGCCOR vs HEQT
Where to next
BIL, the T-bill fund these are measured against →SPY, the S&P 500 fund these are measured against →CAOS on its own →CCOR on its own →CCOR dividend history →Method →Standards and sources →
Sources and dates
CAOS filings on SEC EDGAR ↗
CAOS prospectus with the expense ratio (SEC) ↗
Alpha Architect page for CAOS ↗
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, CAOS against CCOR, data as of Nov 4, 2026. https://etfiq.com/compare/alternatives/caos-vs-ccor

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.