CCOR vs XYLD
Core Alternative ETF vs Global X S&P 500 Covered Call ETF
Which is better, CCOR or XYLD?
XYLD has been ahead.
XYLD has a lower expense ratio. XYLD 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 | XYLD |
|---|---|---|
| Expense Ratio | 1.16% | 0.60%Best |
| AUM | $27M | $3.3B |
| Dividend Yield | 0.94% | 10.20% |
| Holdings | 85 | 1,015 |
| YTD Return | +5.65% | +10.93%Best |
| 1Y Return | +7.13% | +14.78%Best |
| 3Y Return (annualized) | +0.95% | +13.58%Best |
| 5Y Return (annualized) | -0.41% | +7.16%Best |
| Volatility (annualized) | 8.1%Best | 11.5% |
| Max Drawdown | -23.0%Best | -34.7% |
| $10,000 over 5 years | $9,797 | $14,131Best |
| Fund Family | Core Alternative Capital | Global X by mirae Asset |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | May 23, 2017 | Jun 21, 2013 |
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 XYLD 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 XYLD Performance
Core Alternative ETF (CCOR) is an ETF from Core Alternative Capital and Global X S&P 500 Covered Call ETF (XYLD) is an ETF from Global X by mirae Asset. Over the past year CCOR returned +7.13% while XYLD returned +14.78%. Year to date, CCOR is up 5.65% versus a gain of 10.93% for XYLD.
Over three years, CCOR compounded at +0.95% per year against +13.58% for XYLD; over five years the annualized figures are -0.41% and +7.16% respectively. Across the full 10-year window we track, XYLD has the edge at +5.08% annualized vs +1.65%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XYLD has been the more volatile fund, with annualized monthly volatility of 11.5% 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 -34.7% for XYLD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.07. They move largely independently of each other.
Fees and Cost Over Time
CCOR charges 1.16% per year while XYLD charges 0.60%. On a $10,000 position that is $116 vs $60 annually, a gap of $56 per year that compounds over a long holding period. On income, CCOR currently yields 0.94% against 10.20% for XYLD.
Holdings Overlap
At least 35.3% of XYLD'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 494 in XYLD, against full books of 85 and 1,015.
Top Shared Holdings
| Stock | Weight in CCOR | Weight in XYLD | Difference |
|---|---|---|---|
| AAPLApple Inc | 3.19% | 7.59% | 4.40% |
| MSFTMicrosoft Corp | 4.54% | 6.08% | 1.54% |
| GOOGLAlphabet Inc | 5.29% | 3.11% | 2.18% |
| AMZNAmazon.Com Inc | 3.12% | 3.80% | 0.68% |
| JNJJohnson & Johnson - Common | 4.55% | 0.93% | 3.62% |
| XOMExxonmobil Corp. | 4.28% | 1.09% | 3.19% |
| METAMeta Platforms Inc | 2.72% | 2.47% | 0.25% |
| JPMJpmorgan Chase | 3.59% | 1.36% | 2.23% |
| CVXChevron Corp | 3.51% | 0.66% | 2.85% |
| WMTWalmart Inc | 3.37% | 0.80% | 2.57% |
35.3% of XYLD 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 XYLD?
CCOR has an expense ratio of 1.16% while XYLD charges 0.60%. XYLD is the cheaper option, by $56 a year on a $10,000 investment.
Which performed better, CCOR or XYLD?
Over the past year CCOR returned +7.13% vs +14.78% for XYLD, so XYLD leads on 1-year performance. Over the longest common window we track (10 years), CCOR annualized +1.65% vs +5.08% for XYLD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CCOR or XYLD?
XYLD has been the more volatile fund at 11.5% annualized versus 8.1% for CCOR. Worst drawdown: CCOR -23.0% vs XYLD -34.7%.
Should I hold both CCOR and XYLD?
CCOR and XYLD have a monthly-return correlation of 0.07, 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 XYLD?
At least 35.3% of XYLD'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 494 in XYLD.
Which pays a higher dividend, CCOR or XYLD?
CCOR yields 0.94% while XYLD yields 10.20%, so XYLD currently pays the higher dividend yield.
Is XYLD better than CCOR?
XYLD has a lower expense ratio. XYLD 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.