Data as of Nov 4, 2026.
CCOR vs THEQ: Correlation to the S&P 500
Over the year to Nov 4, 2026, CCOR moved less with the S&P 500 than THEQ: correlation −0.14 against +0.99.
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Net assets: $28m on Jul 31, 2026 for Core Alternative ETF, and $38m on Nov 3, 2026 for T. Rowe Price Hedged Equity ETF.
CCOR in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, CCOR +0.22%.
THEQ in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, THEQ −0.77%.
Pair scorecard
THEQ costs 0.70 points a year less; their one-year returns differ by 1.5 points.
| Measure | CCOR | THEQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +7.6% | +9.1% |
| Against its benchmark | ||
| Treasury bills, 52 weeks | +3.7% | |
| Cost and size | ||
| Expense ratio | 1.16% | 0.46% |
| Net assets, CCOR as of Jul 31, 2026 and THEQ as of Nov 3, 2026 | $28m | $38m |
| Holdings | ||
| Holdings in common | not published | |
| Risk | ||
| Beta to the S&P 500 | −0.10: about 0.10% for each 1% | +0.69: about 0.69% for each 1% |
| Its average week when the S&P 500 fell | rose 0.22% | fell 0.77% |
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
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 →
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | CCOR | THEQ | CCOR | THEQ |
| 3 months | +3.3% | −0.3% | not measured | 0.0 pts vs IWV |
| 6 months | +6.0% | +3.0% | not measured | −1.9 pts vs IWV |
| 1 year | +7.6% | +9.1% | not measured | −5.7 pts vs IWV |
| 3 years | 0.0% | – | not measured | – |
| Since launchNot the same days: CCOR May 2017 · THEQ Mar 2025 | +21.2% | +22.4% | not measured | −14.5 pts vs IWV |
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Side by side
As of Nov 4, 2026. Source: ETFIQ.
One strategy, two funds
CCOR and THEQ 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 THEQ’s +0.99. In the 26 weeks the index fell, by 1.07% a week on average, CCOR averaged +0.22% and THEQ −0.77%. Over the same weeks, CCOR finished 3.9 percentage points ahead of cash and THEQ finished 5.3 points ahead of cash.
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.
THEQ
THEQ is a hedged equity fund. 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 +0.69, so for each 1% the index moved it moved about 0.69% the same way. In the same weeks THEQ fell 0.77% on average, a down-week capture of 72.3%. Over the same 52 weeks THEQ returned +9.0% and a Treasury bill fund +3.7%, so it finished 5.3 percentage points ahead of cash.
Questions people ask
- Which moved less with the S&P 500, CCOR or THEQ?
- Over the 52 weeks to Nov 4, 2026, CCOR’s weekly returns had a correlation of −0.14 with the S&P 500 and THEQ’s +0.99, so CCOR moved less with the index.
- Which did better when the S&P 500 fell, CCOR or THEQ?
- In the 26 weeks the S&P 500 fell, by 1.07% a week on average, CCOR averaged +0.22% and THEQ −0.77%, so CCOR returned more in those weeks.
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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.
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ETFIQ, CCOR against THEQ, data as of Nov 4, 2026. https://etfiq.com/compare/alternatives/ccor-vs-theq
ETFIQ. (Nov 4, 2026). CCOR against THEQ. Retrieved from https://etfiq.com/compare/alternatives/ccor-vs-theq
[CCOR against THEQ (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/alternatives/ccor-vs-theq)
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