CCOR vs SPY
CCOR vs SPY
Core Alternative ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | CCOR | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.29% | 0.09% | |
| AUM | $28M | $789.1B | |
| Dividend Yield | 1.02% | 1.01% | |
| Holdings | 45 | 505 | |
| YTD Return | +1.23% | +13.28% | |
| 1Y Return | -0.24% | +23.94% | |
| 3Y Return (annualized) | -1.02% | +21.07% | |
| 5Y Return (annualized) | -1.49% | +13.27% | |
| Volatility (annualized) | 7.7% | 15.3% | |
| Max Drawdown | -23.0% | -56.5% | |
| Fund Family | Core Alternative Capital | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | May 23, 2017 | Jan 22, 1993 |
CCOR vs SPY Performance
Core Alternative ETF (CCOR) is a ETF from Core Alternative Capital and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year CCOR returned -0.24% while SPY returned +23.94%. Year to date, CCOR is up 1.23% versus a gain of 13.28% for SPY.
Over three years, CCOR compounded at -1.02% per year against +21.07% for SPY; over five years the annualized figures are -1.49% and +13.27% respectively. Across the full 9-year window we track, SPY has the edge at +8.84% annualized vs +1.22%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 7.7% 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 -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 0.14. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CCOR charges 1.29% per year while SPY charges 0.09%. On a $10,000 position that is $129 vs $9 annually, a gap of $120 per year that compounds over a long holding period. On income, CCOR currently yields 1.02% against 1.01% for SPY.
Holdings Overlap
CCOR and SPY share 35 holdings out of 506 unique holdings combined, representing a 23.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CCOR | Weight in SPY | Difference |
|---|---|---|---|
| AAPL | 2.37% | 7.09% | 4.72% |
| GOOGL | 5.29% | 3.32% | 1.97% |
| MSFT | 3.18% | 4.43% | 1.25% |
| AMZN | Pro | Pro | Pro |
| JNJ | Pro | Pro | Pro |
| XOM | Pro | Pro | Pro |
| MS | Pro | Pro | Pro |
| JPM | Pro | Pro | Pro |
| CVX | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
See all 10 holdings CCOR shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, CCOR or SPY?
CCOR has an expense ratio of 1.29% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $120 per year of difference.
Which performed better, CCOR or SPY?
Over the past year CCOR returned -0.24% vs +23.94% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (9 years), CCOR annualized +1.22% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, CCOR or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 7.7% for CCOR. Worst drawdown: CCOR -23.0% vs SPY -56.5%.
Should I hold both CCOR and SPY?
CCOR and SPY have a monthly-return correlation of 0.14, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CCOR and SPY?
CCOR and SPY share 35 common holdings with a 23.9% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, CCOR or SPY?
CCOR yields 1.02% while SPY yields 1.01%, so CCOR currently pays the higher dividend yield.
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