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CCORCore Alternative ETF

Get incomeDiversifier9y track recordRanked #185 of 240 in this goal

Seeks capital appreciation and preservation with low correlation to the broader U.S. equity market.

By Core Alternative Capital · Launched 2017

Annual Cost

1.29%

#5,280 of 5,562 · expensive

Fund Size

$27M

#4,143 of 5,562 · small

Dividend YieldGoal

1.10%

Track Record

9 years

#1,563 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$9,543-4.6%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Option income

What it actually holds

By weight

Concentration

Top 10 holdings = 37.5% of fundwell diversified

Alphabet Inc
5.8%
Morgan Stanley
4.4%
Johnson & Johnson
3.9%
Microsoft Corp
3.5%
Walmart Inc
3.4%
Emerson Electric Co
3.4%
Exxon Mobil Corp
3.3%
Chevron Corp
3.3%
Lockheed Martin Corp
3.3%
JPMorgan Chase & Co
3.1%

Asset allocation

Stocks
102.7%
Cash
0.6%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
7.4%Low

Year-on-year price swings

Max drawdown
-23.0%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
-0.54Below average
Sortino (3Y)
-0.82Moderate downside risk

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks capital appreciation and preservation with low correlation to the broader U.S. equity market.
Strategy
Invests primarily in U.S. equity securities with current dividends, focusing on high-quality large-cap companies. Maintains long positions in index put options for downside protection and may sell call options for cash flow. Aims for diversified exposure across sectors while utilizing proprietary models for favorable option trading opportunities.
Inception date
May 23, 2017
Fund family
Core Alternative Capital

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

Covered call ETF — yield ≠ total return

The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.

Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Why we flagged this: strategy=option_income + option_income_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19