CCOR vs. QWLD

Last updated Jul 14, 2026

CCOR (Core Alternative ETF) and QWLD (SPDR MSCI World StrategicFactors ETF) are both Large Cap Growth Equities funds. CCOR is actively managed, while QWLD is passively managed. Over the past 5 years, CCOR returned -1.64%/yr vs 9.90%/yr for QWLD. At a 0.29 correlation, their price movements are largely independent. CCOR charges 1.09%/yr vs 0.30%/yr for QWLD.

Performance

CCOR vs. QWLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Core Alternative ETF (CCOR) and SPDR MSCI World StrategicFactors ETF (QWLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CCOR achieves a 0.07% return, which is significantly lower than QWLD's 8.08% return.

CCOR

• 1D: 0.78%
• 1M: 1.62%
• 6M: -1.41%
• YTD: 0.07%
• 1Y: -2.08%
• 3Y*: -0.68%
• 5Y*: -1.64%
• 10Y*: —

QWLD

• 1D: -0.16%
• 1M: 1.24%
• 6M: 5.87%
• YTD: 8.08%
• 1Y: 16.23%
• 3Y*: 15.44%
• 5Y*: 9.90%
• 10Y*: 11.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CCOR vs. QWLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CCOR Core Alternative ETF	0.07%	3.52%	-5.70%	-11.92%	2.51%	9.90%	4.07%	6.03%	4.64%	3.97%
QWLD SPDR MSCI World StrategicFactors ETF	8.08%	17.93%	14.44%	19.59%	-13.30%	21.57%	10.24%	27.59%	-7.02%	11.84%

Correlation

The correlation between CCOR and QWLD is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (All Time) Calculated using the full available price history since May 24, 2017	0.29

The correlation between CCOR and QWLD shifts across timeframes, from 0.17 (3 years) to 0.29 (all time), reflecting how their relationship changes across market environments.

CCOR vs. QWLD - Sectors Allocation Comparison

Sectors	CCOR	QWLD
Financial Services	17.6%	14.6%
Technology	16.9%	25.3%
Healthcare	11.6%	12.9%
Industrials	9.3%	8.5%
Consumer Cyclical	9.2%	5.2%
Communication Services	8.4%	8.4%
Consumer Defensive	6.6%	7.2%
Energy	6.6%	2.6%
Utilities	6.1%	3.8%
Basic Materials	4.9%	2.3%
Real Estate	2.8%	0.7%

Return for Risk

CCOR vs. QWLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CCOR

CCOR Risk / Return Rank: 7
CCOR Sharpe Ratio Rank: 7
CCOR Sortino Ratio Rank: 6
CCOR Omega Ratio Rank: 6
CCOR Calmar Ratio Rank: 7
CCOR Martin Ratio Rank: 7

QWLD

QWLD Risk / Return Rank: 62
QWLD Sharpe Ratio Rank: 64
QWLD Sortino Ratio Rank: 66
QWLD Omega Ratio Rank: 62
QWLD Calmar Ratio Rank: 53
QWLD Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CCOR vs. QWLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Core Alternative ETF (CCOR) and SPDR MSCI World StrategicFactors ETF (QWLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CCOR	QWLD	Difference
Sharpe ratio: Return per unit of total volatility	-0.26	1.68	-1.94
Sortino ratio: Return per unit of downside risk	-0.32	2.41	-2.72
Omega ratio: Gain probability vs. loss probability	0.96	1.30	-0.34
Calmar ratio: Return relative to maximum drawdown	-0.24	2.13	-2.37
Martin ratio: Return relative to average drawdown	-0.50	9.15	-9.66

CCOR vs. QWLD - Sharpe Ratio Comparison

The current CCOR Sharpe Ratio is -0.26, which is lower than the QWLD Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of CCOR and QWLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CCOR vs. QWLD - Drawdown Comparison

The maximum CCOR drawdown since its inception was -22.99%, smaller than the maximum QWLD drawdown of -31.89%. Use the drawdown chart below to compare losses from any high point for CCOR and QWLD.

Drawdown Indicators

	CCOR	QWLD	Difference
Max Drawdown Largest peak-to-trough decline	-22.99%	-31.89%	+8.90%
Max Drawdown (1Y) Largest decline over 1 year	-8.79%	-7.66%	-1.13%
Max Drawdown (3Y) Largest decline over 3 years	-12.31%	-12.40%	+0.09%
Max Drawdown (5Y) Largest decline over 5 years	-22.99%	-22.84%	-0.15%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.89%	—
Current Drawdown Current decline from peak	-16.89%	-0.16%	-16.73%
Average Drawdown Average peak-to-trough decline	-7.41%	-3.68%	-3.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.14%	1.78%	+2.36%

Volatility

CCOR vs. QWLD - Volatility Comparison

Core Alternative ETF (CCOR) has a higher volatility of 3.98% compared to SPDR MSCI World StrategicFactors ETF (QWLD) at 2.45%. This indicates that CCOR's price experiences larger fluctuations and is considered to be riskier than QWLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CCOR	QWLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	2.45%	+1.53%
Volatility (6M) Calculated over the trailing 6-month period	6.16%	7.81%	-1.65%
Volatility (1Y) Calculated over the trailing 1-year period	8.01%	9.72%	-1.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.19%	13.52%	-2.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.78%	15.11%	-4.33%

CCOR vs. QWLD - Expense Ratio Comparison

CCOR has a 1.09% expense ratio, which is higher than QWLD's 0.30% expense ratio.

Dividends

CCOR vs. QWLD - Dividend Comparison

CCOR's dividend yield for the trailing twelve months is around 1.00%, less than QWLD's 1.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CCOR Core Alternative ETF	1.00%	1.07%	1.18%	1.21%	1.11%	1.02%	1.50%	0.73%	1.53%	0.89%	0.00%	0.00%
QWLD SPDR MSCI World StrategicFactors ETF	1.81%	1.85%	1.74%	1.78%	2.02%	1.77%	1.77%	2.13%	2.33%	2.73%	2.22%	3.42%

Frequently Asked Questions

Can I hold both CCOR and QWLD in my portfolio?

CCOR and QWLD have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CCOR or QWLD?

CCOR has higher volatility (3.98%) compared to QWLD (2.45%). In terms of maximum drawdown, CCOR dropped -22.99% vs QWLD's -31.89%.

Which ETF is better, CCOR or QWLD?

On 5-year performance, QWLD leads with 9.90% vs -1.64% for CCOR. On fees, QWLD is cheaper at 0.30% per year. On volatility, QWLD has been the lower-risk option at 2.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CCOR or QWLD?

Over the 5-year period, QWLD has performed better with a 9.90% return vs -1.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CCOR or QWLD?

QWLD is cheaper with a 0.30% expense ratio, compared with 1.09% for CCOR.

Which ETF pays a higher dividend yield, CCOR or QWLD?

QWLD has the higher dividend yield at 1.81%, compared with 1.00% for CCOR.

What is the main difference between CCOR and QWLD?

They also come from different issuers: Core Alternative Capital and State Street. Their fees differ too: 1.09% for CCOR and 0.30% for QWLD.

Which has better risk-adjusted returns?

QWLD currently has the higher Sharpe Ratio (1.68 vs -0.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.