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Data as of Nov 4, 2026.

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Alternative ETFs

CCOR vs HEQT: 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 HEQT: correlation −0.14 against +0.97.

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Net assets: $28m on Jul 31, 2026 for Core Alternative ETF, and $307m on Nov 3, 2026 for Simplify Hedged Equity ETF.

CCOR on its own →HEQT on its own →
At a glance
−0.14
CCOR correlation with the S&P 500
+0.97
HEQT correlation with the S&P 500
−20.7%
CCOR down-week capture
54.2%
HEQT down-week capture
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%.

HEQT Fell 54% as much as the S&P 500
Fell 54% as much as the S&P 500HEQT in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, HEQT −0.58%.SPY−1.07%HEQT−0.58%Average week when SPY fell: 26 of 52, year to Nov 4, 2026Fell 54% as much as the S&P 500HEQT in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, HEQT −0.58%.SPY−1.07%HEQT−0.58%Average week when SPY fell

HEQT in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, HEQT −0.58%.

Pair scorecard

HEQT costs 0.68 points a year less; their one-year returns differ by 2.7 points.

CCOR vs HEQT: Correlation to the S&P 500
MeasureCCORHEQT
Return
Total return, 1 year+7.6%+10.3%
Against its benchmark
Treasury bills, 52 weeks+3.7%
Cost and size
Expense ratio1.16%0.48%
Net assets, CCOR as of Jul 31, 2026 and HEQT as of Nov 3, 2026$28m$307m
Holdings
Holdings in commonnot published
Risk
Beta to the S&P 500−0.10: about 0.10% for each 1%+0.56: about 0.56% for each 1%
Its average week when the S&P 500 fellrose 0.22%fell 0.58%
ETFIQ Stock Diversification Score · CCOR scores higher How much does it diversify a stock portfolio?
IQ Alternatives Score90.9CCOR36.4HEQT

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: CCOR vs HEQT: Correlation to the S&P 500
Total returnvs its benchmark
WindowCCORHEQTCCORHEQT
3 months+3.3%+0.8%not measured+0.9 pts vs VOO
6 months+6.0%+4.8%not measured−0.2 pts vs VOO
1 year+7.6%+10.3%not measured−4.5 pts vs VOO
3 years0.0%+50.4%not measured−32.9 pts vs VOO
Since launchNot the same days: CCOR May 2017 · HEQT Nov 2021+21.2%+54.7%not measured−23.3 pts vs VOO

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Side by side

CCOR Core Alternative ETF · Hedged equity fund: owns stocks and pays for protection against a fall, most often with put options HEQT Simplify Hedged Equity ETF · Hedged equity fund: owns stocks and pays for protection against a fall, most often with put options
Issuer Core Alternative Simplify
Strategy Hedged equity Hedged equity
Correlation with the S&P 500 −0.14 +0.97
Beta to the S&P 500 −0.10 +0.56
Down-week capture −20.7% 54.2%
Average week when the S&P 500 fell +0.22% −0.58%
The S&P 500 in those weeks −1.07% −1.07%
Total return, same 52 weeks +7.5% +10.2%
Against T-bills, percentage points +3.9 pts +6.5 pts
Expense ratio 1.16% 0.48%
First traded May 24, 2017 Nov 2, 2021
Net assets, CCOR as of Jul 31, 2026 and HEQT as of Nov 3, 2026 $28m $307m

As of Nov 4, 2026. Source: ETFIQ.

One strategy, two funds

CCOR and HEQT both run a hedged equity strategy. Over the same 52 weeks to Nov 4, 2026, CCOR’s weekly returns had a correlation of −0.14 with the S&P 500 and HEQT’s +0.97. In the 26 weeks the index fell, by 1.07% a week on average, CCOR averaged +0.22% and HEQT −0.58%. Over the same weeks, CCOR finished 3.9 percentage points ahead of cash and HEQT finished 6.5 points ahead of cash.

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About each fund
CCOR

CCOR 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 −0.14 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. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. 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.

HEQT

HEQT is a hedged equity fund. Over the year to Nov 4, 2026, its weekly returns had a correlation of +0.97 with the S&P 500’s and a beta of +0.56, so for each 1% the index moved it moved about 0.56% the same way. In the same weeks HEQT fell 0.58% on average, a down-week capture of 54.2%. Over the same 52 weeks HEQT returned +10.2% and a Treasury bill fund +3.7%, so it finished 6.5 percentage points ahead of cash.

Questions people ask

Which moved less with the S&P 500, CCOR or HEQT?
Over the 52 weeks to Nov 4, 2026, CCOR’s weekly returns had a correlation of −0.14 with the S&P 500 and HEQT’s +0.97, so CCOR moved less with the index.
Which did better when the S&P 500 fell, CCOR or HEQT?
In the 26 weeks the S&P 500 fell, by 1.07% a week on average, CCOR averaged +0.22% and HEQT −0.58%, so CCOR returned more in those weeks.
Which earned more than cash, CCOR or HEQT?
Over the same weeks, CCOR finished 3.9 percentage points ahead of cash and HEQT finished 6.5 percentage points ahead of cash. Cash here is BIL, a fund of Treasury bills.
Which is cheaper, CCOR or HEQT?
CCOR charges 1.16% a year and HEQT charges 0.48%, so HEQT is cheaper. Fees come from each fund's prospectus.
Other comparisons
CCOR vs HOLACCOR vs HEDGCCOR vs SHDGCCOR vs TAILHEQT vs HEQQHEQT vs HELOHEQT vs QBULHEQT vs ZHDG
Where to next
BIL, the T-bill fund these are measured against →SPY, the S&P 500 fund these are measured against →CCOR on its own →HEQT on its own →CCOR dividend history →HEQT dividend history →Method →Standards and sources →
Sources and dates
CCOR filings on SEC EDGAR ↗
CCOR prospectus with the expense ratio (SEC) ↗
Core Alternative website ↗
HEQT filings on SEC EDGAR ↗
HEQT prospectus with the expense ratio (SEC) ↗
Simplify 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, CCOR against HEQT, data as of Nov 4, 2026. https://etfiq.com/compare/alternatives/ccor-vs-heqt

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