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

In the 26 weeks the S&P 500 fell, by 1.07% a week on average, CCOR averaged +0.22% and QBER +0.17%, so CCOR returned more in those weeks.

Which earned more than cash, CCOR or QBER?

Over the same weeks, CCOR finished 3.9 percentage points ahead of cash and QBER finished 3.8 percentage points behind cash. Cash here is BIL, a fund of Treasury bills.

Which is cheaper, CCOR or QBER?

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

Data as of Nov 4, 2026.

Alternative ETFs

CCOR vs QBER: Correlation to the S&P 500

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Over the year to Nov 4, 2026, QBER moved less with the S&P 500 than CCOR: correlation −0.71 against −0.14.

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Net assets on Jul 31, 2026: $28m for Core Alternative ETF and $73m for TrueShares Quarterly Bear Hedge ETF.

CCOR on its own →QBER on its own →

At a glance

−0.14

CCOR correlation with the S&P 500

−0.71

QBER correlation with the S&P 500

−20.7%

CCOR down-week capture

−15.4%

QBER 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%.

QBER Rose when the S&P 500 fell

QBER in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, QBER +0.17%.

Pair scorecard

QBER costs 0.37 points a year less; their one-year returns differ by 7.6 points; QBER is 2.6 times larger.

CCOR vs QBER: Correlation to the S&P 500
Measure	CCOR	QBER
Return
Measure	CCOR	QBER
Total return, 1 year	+7.6%	0.0%
Against its benchmark
Measure	CCOR	QBER
Treasury bills, 52 weeks	+3.7%
Cost and size
Measure	CCOR	QBER
Expense ratio	1.16%	0.79%
Net assets, as of Jul 31, 2026	$28m	$73m
Holdings
Measure	CCOR	QBER
Holdings in common	not published
Risk
Measure	CCOR	QBER
Beta to the S&P 500	−0.10: about 0.10% for each 1%	−0.12: about 0.12% for each 1%
Its average week when the S&P 500 fell	rose 0.22%	rose 0.17%

ETFIQ Stock Diversification Score · CCOR and QBER score the same How much does it diversify a stock portfolio?

IQ Alternatives Score90.9CCOR90.9QBER

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

QBER 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: CCOR vs QBER: Correlation to the S&P 500
	Total return
Window	CCOR	QBER
3 months	+3.3%	0.0%
6 months	+6.0%	+0.2%
1 year	+7.6%	0.0%
3 years	0.0%	–
Since launchNot the same days: CCOR May 2017 · QBER Jul 2024	+21.2%	−0.2%

– 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 QBER TrueShares Quarterly Bear Hedge ETF · Hedged equity fund: owns stocks and pays for protection against a fall, most often with put options

Issuer Core Alternative TrueShares

Strategy Hedged equity Hedged equity

Correlation with the S&P 500 −0.14 −0.71

Beta to the S&P 500 −0.10 −0.12

Down-week capture −20.7% −15.4%

Average week when the S&P 500 fell +0.22% +0.17%

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

Total return, same 52 weeks +7.5% −0.1%

Against T-bills, percentage points +3.9 pts −3.8 pts

Expense ratio 1.16% 0.79%

First traded May 24, 2017 Jul 1, 2024

Net assets, as of Jul 31, 2026 $28m $73m

As of Nov 4, 2026. Source: ETFIQ.

One strategy, two funds

CCOR and QBER 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 QBER’s −0.71. In the 26 weeks the index fell, by 1.07% a week on average, CCOR averaged +0.22% and QBER +0.17%. Over the same weeks, CCOR finished 3.9 percentage points ahead of cash and QBER finished 3.8 points behind 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.

QBER

QBER is a hedged equity fund. Over the year to Nov 4, 2026, its weekly returns had a correlation of −0.71 with the S&P 500’s and a beta of −0.12, so for each 1% the index moved it moved about 0.12% the other way. In the same weeks QBER rose 0.17% on average, a down-week capture of −15.4%. Over the same 52 weeks QBER returned −0.1% and a Treasury bill fund +3.7%, so it finished 3.8 percentage points behind cash.

Questions people ask

Which moved less with the S&P 500, CCOR or QBER?: Over the 52 weeks to Nov 4, 2026, CCOR’s weekly returns had a correlation of −0.14 with the S&P 500 and QBER’s −0.71, so QBER moved less with the index.
Which did better when the S&P 500 fell, CCOR or QBER?: In the 26 weeks the S&P 500 fell, by 1.07% a week on average, CCOR averaged +0.22% and QBER +0.17%, so CCOR returned more in those weeks.
Which earned more than cash, CCOR or QBER?: Over the same weeks, CCOR finished 3.9 percentage points ahead of cash and QBER finished 3.8 percentage points behind cash. Cash here is BIL, a fund of Treasury bills.
Which is cheaper, CCOR or QBER?: CCOR charges 1.16% a year and QBER charges 0.79%, so QBER is cheaper. Fees come from each fund's prospectus.

Other comparisons

CCOR vs TOAK CCOR vs KSPY CCOR vs PHEQ CCOR vs THEQ QBER vs QBUL QBER vs ZHDG QBER vs THEQ QBER vs QTR

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

Sources and dates

CCOR filings on SEC EDGAR ↗

CCOR prospectus with the expense ratio (SEC) ↗

Core Alternative website ↗

QBER filings on SEC EDGAR ↗

QBER prospectus with the expense ratio (SEC) ↗

TrueShares 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 QBER, data as of Nov 4, 2026. https://etfiq.com/compare/alternatives/ccor-vs-qber

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