CCOR vs SPY
Core Alternative ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, CCOR or SPY?
Multi Alternative against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CCOR | SPY |
|---|---|---|
| Expense Ratio | 1.16% | 0.09%Best |
| AUM | $27M | $777.9B |
| Dividend Yield | 0.94% | 1.00% |
| Holdings | 85 | 1,011 |
| YTD Return | +5.65% | +12.09%Best |
| 1Y Return | +7.13% | +12.45%Best |
| 3Y Return (annualized) | +0.95% | +21.45%Best |
| 5Y Return (annualized) | -0.41% | +11.87%Best |
| Volatility (annualized) | 8.1%Best | 15.8% |
| Max Drawdown | -23.0%Best | -34.1% |
| $10,000 over 5 years | $9,797 | $17,521Best |
| Fund Family | Core Alternative Capital | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | May 23, 2017 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 24, 2017 to Nov 11, 2026 (9.5 years).
CCOR vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 9.5 years both funds cover.
CCOR vs SPY Performance
Core Alternative ETF (CCOR) is an ETF from Core Alternative Capital and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year CCOR returned +7.13% while SPY returned +12.45%. Year to date, CCOR is up 5.65% versus a gain of 12.09% for SPY.
Over three years, CCOR compounded at +0.95% per year against +21.45% for SPY; over five years the annualized figures are -0.41% and +11.87% respectively. Across the full 10-year window we track, SPY has the edge at +13.83% annualized vs +1.65%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.8% compared with 8.1% for CCOR. 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 -23.0% for CCOR and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.12. They move largely independently of each other.
Fees and Cost Over Time
CCOR charges 1.16% per year while SPY charges 0.09%. On a $10,000 position that is $116 vs $9 annually, a gap of $107 per year that compounds over a long holding period. On income, CCOR currently yields 0.94% against 1.00% for SPY.
Holdings Overlap
At least 34.6% of SPY's money is in holdings CCOR also owns.
Only one direction is shown: for CCOR, our book for it lists positions totalling 106.2% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
The two portfolios partly overlap.
34 positions in common, counted across the 37 positions we hold weights for in CCOR and 504 in SPY, against full books of 85 and 1,011.
Top Shared Holdings
| Stock | Weight in CCOR | Weight in SPY | Difference |
|---|---|---|---|
| AAPLApple Inc | 3.19% | 7.53% | 4.34% |
| MSFTMicrosoft Corp | 4.54% | 5.96% | 1.42% |
| GOOGLAlphabet Inc | 5.29% | 3.07% | 2.22% |
| AMZNAmazon.Com Inc | 3.12% | 3.75% | 0.63% |
| JNJJohnson & Johnson - Common | 4.55% | 0.92% | 3.63% |
| XOMExxonmobil Corp. | 4.28% | 1.09% | 3.19% |
| METAMeta Platforms Inc | 2.72% | 2.45% | 0.27% |
| JPMJpmorgan Chase | 3.59% | 1.34% | 2.25% |
| CVXChevron Corp | 3.51% | 0.66% | 2.85% |
| WMTWalmart Inc | 3.37% | 0.78% | 2.59% |
34.6% of SPY is already inside CCOR.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, CCOR or SPY?
CCOR has an expense ratio of 1.16% while SPY charges 0.09%. SPY is the cheaper option, by $107 a year on a $10,000 investment.
Which performed better, CCOR or SPY?
Over the past year CCOR returned +7.13% vs +12.45% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (10 years), CCOR annualized +1.65% vs +13.83% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CCOR or SPY?
SPY has been the more volatile fund at 15.8% annualized versus 8.1% for CCOR. Worst drawdown: CCOR -23.0% vs SPY -34.1%.
Should I hold both CCOR and SPY?
CCOR and SPY have a monthly-return correlation of 0.12, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CCOR and SPY?
At least 34.6% of SPY's money is in holdings CCOR also owns. Our book for CCOR is partial, so the real figure is this or higher. They hold 34 positions in common, counted across the 37 positions we hold weights for in CCOR and 504 in SPY.
Which pays a higher dividend, CCOR or SPY?
CCOR yields 0.94% while SPY yields 1.00%, so SPY currently pays the higher dividend yield.
Is SPY better than CCOR?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.