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

In the 26 weeks the S&P 500 fell, by 1.07% a week on average, CCOR averaged +0.22% and HOLA −0.40%, so CCOR returned more in those weeks.

Which earned more than cash, CCOR or HOLA?

Over the same weeks, CCOR finished 3.9 percentage points ahead of cash and HOLA finished 6.5 percentage points ahead of cash. Cash here is BIL, a fund of Treasury bills.

Which is cheaper, CCOR or HOLA?

CCOR charges 1.16% a year and HOLA charges 0.50%, so HOLA is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Alternative ETFs

CCOR vs HOLA: 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 HOLA: correlation −0.14 against +0.69.

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Net assets: $28m on Jul 31, 2026 for Core Alternative ETF, and $282m on Nov 3, 2026 for JPMorgan International Hedged Equity Laddered Overlay ETF.

CCOR on its own →HOLA on its own →

At a glance

−0.14

CCOR correlation with the S&P 500

+0.69

HOLA correlation with the S&P 500

−20.7%

CCOR down-week capture

36.9%

HOLA down-week capture

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%.

HOLA Fell 37% as much as the S&P 500

HOLA in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, HOLA −0.40%.

Pair scorecard

HOLA costs 0.66 points a year less; their one-year returns differ by 3.1 points.

CCOR vs HOLA: Correlation to the S&P 500
Measure	CCOR	HOLA
Return
Measure	CCOR	HOLA
Total return, 1 year	+7.6%	+10.7%
Against its benchmark
Measure	CCOR	HOLA
Treasury bills, 52 weeks	+3.7%
Cost and size
Measure	CCOR	HOLA
Expense ratio	1.16%	0.50%
Net assets, CCOR as of Jul 31, 2026 and HOLA as of Nov 3, 2026	$28m	$282m
Holdings
Measure	CCOR	HOLA
Holdings in common	not published
Risk
Measure	CCOR	HOLA
Beta to the S&P 500	−0.10: about 0.10% for each 1%	+0.46: about 0.46% for each 1%
Its average week when the S&P 500 fell	rose 0.22%	fell 0.40%

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

IQ Alternatives Score90.9CCOR65.9HOLA

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

CCOR 90.9

HOLA 65.9

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: CCOR vs HOLA: Correlation to the S&P 500
	Total return		vs its benchmark
Window	CCOR	HOLA	CCOR	HOLA
3 months	+3.3%	−1.3%	not measured	+0.3 pts vs EFA
6 months	+6.0%	+2.4%	not measured	−0.1 pts vs EFA
1 year	+7.6%	+10.7%	not measured	−6.2 pts vs EFA
3 years	0.0%	–	not measured	–
Since launchNot the same days: CCOR May 2017 · HOLA Jul 2025	+21.2%	+15.0%	not measured	−7.9 pts vs EFA

– means no data for this window. Open this comparison in the app →

Side by side

CCOR Core Alternative ETF · Hedged equity fund: owns stocks and pays for protection against a fall, most often with put options HOLA JPMorgan International Hedged Equity Laddered Overlay ETF · Hedged equity fund: owns stocks and pays for protection against a fall, most often with put options

Issuer Core Alternative JPMorgan

Strategy Hedged equity Hedged equity

Correlation with the S&P 500 −0.14 +0.69

Beta to the S&P 500 −0.10 +0.46

Down-week capture −20.7% 36.9%

Average week when the S&P 500 fell +0.22% −0.40%

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% 0.50%

First traded May 24, 2017 Jul 14, 2025

Net assets, CCOR as of Jul 31, 2026 and HOLA as of Nov 3, 2026 $28m $282m

As of Nov 4, 2026. Source: ETFIQ.

One strategy, two funds

CCOR and HOLA 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 HOLA’s +0.69. In the 26 weeks the index fell, by 1.07% a week on average, CCOR averaged +0.22% and HOLA −0.40%. Over the same weeks, CCOR finished 3.9 percentage points ahead of cash and HOLA finished 6.5 points ahead of cash.

Alert

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.

HOLA

HOLA is a hedged equity fund. Over the year to Nov 4, 2026, its weekly returns had a correlation of +0.69 with the S&P 500’s and a beta of +0.46, so for each 1% the index moved it moved about 0.46% the same way. In the same weeks HOLA fell 0.40% on average, a down-week capture of 36.9%. Over the same 52 weeks HOLA 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 HOLA?: Over the 52 weeks to Nov 4, 2026, CCOR’s weekly returns had a correlation of −0.14 with the S&P 500 and HOLA’s +0.69, so CCOR moved less with the index.
Which did better when the S&P 500 fell, CCOR or HOLA?: In the 26 weeks the S&P 500 fell, by 1.07% a week on average, CCOR averaged +0.22% and HOLA −0.40%, so CCOR returned more in those weeks.
Which earned more than cash, CCOR or HOLA?: Over the same weeks, CCOR finished 3.9 percentage points ahead of cash and HOLA finished 6.5 percentage points ahead of cash. Cash here is BIL, a fund of Treasury bills.
Which is cheaper, CCOR or HOLA?: CCOR charges 1.16% a year and HOLA charges 0.50%, so HOLA is cheaper. Fees come from each fund's prospectus.

Other comparisons

CCOR vs HEQT CCOR vs FHEQ CCOR vs HEQQ CCOR vs HELO HOLA vs QBUL HOLA vs HEQQ HOLA vs ZHDG HOLA vs THEQ

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 →HOLA on its own →CCOR dividend history →HOLA dividend history →Method →Standards and sources →

Sources and dates

CCOR filings on SEC EDGAR ↗

CCOR prospectus with the expense ratio (SEC) ↗

Core Alternative website ↗

HOLA filings on SEC EDGAR ↗

HOLA prospectus with the expense ratio (SEC) ↗

JPMorgan 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 HOLA, data as of Nov 4, 2026. https://etfiq.com/compare/alternatives/ccor-vs-hola

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