CCOR vs. XLK

Last updated Jul 17, 2026

CCOR (Core Alternative ETF) and XLK (State Street Technology Select Sector SPDR ETF) are both exchange-traded funds - CCOR is a Large Cap Growth Equities fund actively managed by Core Alternative Capital, while XLK is a Technology Equities fund tracking the S&P Technology Select Sector Daily Capped 35/20 Index. CCOR is actively managed, while XLK is passively managed. Over the past 5 years, CCOR returned -1.53%/yr vs 19.65%/yr for XLK. At a 0.05 correlation, their price movements are largely independent. CCOR charges 1.09%/yr vs 0.08%/yr for XLK.

Performance

CCOR vs. XLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Core Alternative ETF (CCOR) and State Street Technology Select Sector SPDR ETF (XLK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CCOR achieves a 0.41% return, which is significantly lower than XLK's 23.60% return.

CCOR

• 1D: 0.77%
• 1M: 1.68%
• 6M: -1.80%
• YTD: 0.41%
• 1Y: -1.38%
• 3Y*: -0.55%
• 5Y*: -1.53%
• 10Y*: —

XLK

• 1D: -2.24%
• 1M: -4.67%
• 6M: 22.34%
• YTD: 23.60%
• 1Y: 37.95%
• 3Y*: 26.66%
• 5Y*: 19.65%
• 10Y*: 24.16%

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

CCOR vs. XLK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CCOR Core Alternative ETF	0.41%	3.52%	-5.70%	-11.92%	2.51%	9.90%	4.07%	6.03%	4.64%	3.97%
XLK State Street Technology Select Sector SPDR ETF	23.60%	24.61%	21.63%	56.02%	-27.73%	34.74%	43.62%	49.86%	-1.68%	15.95%

Correlation

The correlation between CCOR and XLK is -0.35, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.35
Correlation (3Y) Calculated over the trailing 3-year period	-0.28
Correlation (5Y) Calculated over the trailing 5-year period	-0.03
Correlation (All Time) Calculated using the full available price history since May 24, 2017	0.05

The correlation between CCOR and XLK shifts across timeframes, from -0.35 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.

CCOR vs. XLK - Sectors Allocation Comparison

Sectors	CCOR	XLK
Financial Services	17.6%	-
Technology	16.9%	99.7%
Healthcare	11.6%	-
Industrials	9.3%	0.1%
Consumer Cyclical	9.2%	-
Communication Services	8.4%	-
Consumer Defensive	6.6%	-
Energy	6.6%	0.2%
Utilities	6.1%	-
Basic Materials	4.9%	-
Real Estate	2.8%	-

Return for Risk

CCOR vs. XLK — 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: 8
CCOR Sortino Ratio Rank: 7
CCOR Omega Ratio Rank: 7
CCOR Calmar Ratio Rank: 8
CCOR Martin Ratio Rank: 8

XLK

XLK Risk / Return Rank: 54
XLK Sharpe Ratio Rank: 57
XLK Sortino Ratio Rank: 51
XLK Omega Ratio Rank: 51
XLK Calmar Ratio Rank: 59
XLK Martin Ratio Rank: 52

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. XLK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Core Alternative ETF (CCOR) and State Street Technology Select Sector SPDR ETF (XLK). 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	XLK	Difference
Sharpe ratio: Return per unit of total volatility	-0.17	1.55	-1.73
Sortino ratio: Return per unit of downside risk	-0.19	2.04	-2.24
Omega ratio: Gain probability vs. loss probability	0.98	1.26	-0.29
Calmar ratio: Return relative to maximum drawdown	-0.16	2.39	-2.55
Martin ratio: Return relative to average drawdown	-0.33	7.13	-7.46

CCOR vs. XLK - Sharpe Ratio Comparison

The current CCOR Sharpe Ratio is -0.17, which is lower than the XLK Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of CCOR and XLK, 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. XLK - Drawdown Comparison

The maximum CCOR drawdown since its inception was -22.99%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for CCOR and XLK.

Drawdown Indicators

	CCOR	XLK	Difference
Max Drawdown Largest peak-to-trough decline	-22.99%	-82.05%	+59.06%
Max Drawdown (1Y) Largest decline over 1 year	-8.79%	-15.92%	+7.13%
Max Drawdown (3Y) Largest decline over 3 years	-12.31%	-25.66%	+13.35%
Max Drawdown (5Y) Largest decline over 5 years	-22.99%	-33.56%	+10.57%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.56%	—
Current Drawdown Current decline from peak	-16.61%	-10.33%	-6.28%
Average Drawdown Average peak-to-trough decline	-7.42%	-34.84%	+27.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.18%	5.34%	-1.16%

Volatility

CCOR vs. XLK - Volatility Comparison

The current volatility for Core Alternative ETF (CCOR) is 3.99%, while State Street Technology Select Sector SPDR ETF (XLK) has a volatility of 9.89%. This indicates that CCOR experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CCOR	XLK	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.99%	9.89%	-5.90%
Volatility (6M) Calculated over the trailing 6-month period	6.22%	20.95%	-14.73%
Volatility (1Y) Calculated over the trailing 1-year period	8.02%	24.54%	-16.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.19%	25.58%	-14.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.78%	24.80%	-14.02%

CCOR vs. XLK - Expense Ratio Comparison

CCOR has a 1.09% expense ratio, which is higher than XLK's 0.08% expense ratio.

Dividends

CCOR vs. XLK - Dividend Comparison

CCOR's dividend yield for the trailing twelve months is around 0.99%, more than XLK's 0.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CCOR Core Alternative ETF	0.99%	1.07%	1.18%	1.21%	1.11%	1.02%	1.50%	0.73%	1.53%	0.89%	0.00%	0.00%
XLK State Street Technology Select Sector SPDR ETF	0.45%	0.54%	0.66%	0.76%	1.04%	0.65%	0.92%	1.16%	1.60%	1.37%	1.74%	1.79%

Frequently Asked Questions

Can I hold both CCOR and XLK in my portfolio?

CCOR and XLK have a correlation of -0.35, 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 XLK?

XLK has higher volatility (9.89%) compared to CCOR (3.99%). In terms of maximum drawdown, CCOR dropped -22.99% vs XLK's -82.05%.

Which ETF is better, CCOR or XLK?

On 5-year performance, XLK leads with 19.65% vs -1.53% for CCOR. On fees, XLK is cheaper at 0.08% per year. On volatility, CCOR has been the lower-risk option at 3.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CCOR or XLK?

Over the 5-year period, XLK has performed better with a 19.65% return vs -1.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CCOR or XLK?

XLK is cheaper with a 0.08% expense ratio, compared with 1.09% for CCOR.

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

CCOR has the higher dividend yield at 0.99%, compared with 0.45% for XLK.

What is the main difference between CCOR and XLK?

CCOR is categorized as Large Cap Growth Equities, while XLK is Technology Equities. They also come from different issuers: Core Alternative Capital and State Street. Their fees differ too: 1.09% for CCOR and 0.08% for XLK.

Which has better risk-adjusted returns?

XLK currently has the higher Sharpe Ratio (1.55 vs -0.17), 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.