CCNR vs SPY
ALPS/CoreCommodity Natural Resources ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. CCNR delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | CCNR | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.09% | |
| AUM | $418M | $789.1B | |
| Dividend Yield | 1.02% | 1.01% | |
| Holdings | 311 | 505 | |
| YTD Return | +20.63% | +13.39% | |
| 1Y Return | +54.01% | +22.52% | |
| 3Y Return (annualized) | - | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | 16.8% | 15.3% | |
| Max Drawdown | -19.1% | -56.5% | |
| Fund Family | ALPS Advisors | State Street Investment Management | |
| Category | Commodity | Equity | |
| Inception | Jul 10, 2024 | Jan 22, 1993 |
CCNR vs SPY Performance
ALPS/CoreCommodity Natural Resources ETF (CCNR) is a ETF from ALPS Advisors and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year CCNR returned +54.01% while SPY returned +22.52%. Year to date, CCNR is up 20.63% versus a gain of 13.39% for SPY.
Risk: Volatility and Drawdowns
CCNR has been the more volatile fund, with annualized monthly volatility of 16.8% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -19.1% for CCNR and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.30. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CCNR charges 0.39% per year while SPY charges 0.09%. On a $10,000 position that is $39 vs $9 annually, a gap of $30 per year that compounds over a long holding period. On income, CCNR currently yields 1.02% against 1.01% for SPY.
Holdings Overlap
CCNR and SPY share 20 holdings out of 789 unique holdings combined, representing a 1.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CCNR or SPY?
CCNR has an expense ratio of 0.39% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $30 per year of difference.
Which performed better, CCNR or SPY?
Over the past year CCNR returned +54.01% vs +22.52% for SPY, so CCNR leads on 1-year performance. Over the longest common window we track (2 years), CCNR annualized +28.16% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, CCNR or SPY?
CCNR has been the more volatile fund at 16.8% annualized versus 15.3% for SPY. Worst drawdown: CCNR -19.1% vs SPY -56.5%.
Should I hold both CCNR and SPY?
CCNR and SPY have a monthly-return correlation of 0.30, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CCNR and SPY?
CCNR and SPY share 20 common holdings with a 1.4% weight overlap. Combined, they hold 789 unique securities.
Which pays a higher dividend, CCNR or SPY?
CCNR yields 1.02% while SPY yields 1.01%, so CCNR currently pays the higher dividend yield.
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