FQAL vs. CCOR

Last updated Jun 4, 2026

FQAL (Fidelity Quality Factor ETF) and CCOR (Core Alternative ETF) are both Large Cap Growth Equities funds. FQAL is passively managed, while CCOR is actively managed. Over the past 5 years, FQAL returned 12.41%/yr vs -2.56%/yr for CCOR. At a 0.27 correlation, their price movements are largely independent. FQAL charges 0.29%/yr vs 1.09%/yr for CCOR.

Performance

FQAL vs. CCOR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Quality Factor ETF (FQAL) and Core Alternative ETF (CCOR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FQAL achieves a 7.87% return, which is significantly higher than CCOR's -3.71% return.

FQAL

• 1D: -0.51%
• 1M: 4.38%
• YTD: 7.87%
• 6M: 7.86%
• 1Y: 21.12%
• 3Y*: 20.04%
• 5Y*: 12.41%
• 10Y*: —

CCOR

• 1D: 0.30%
• 1M: -2.55%
• YTD: -3.71%
• 6M: -4.87%
• 1Y: -5.97%
• 3Y*: -2.34%
• 5Y*: -2.56%
• 10Y*: —

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

FQAL vs. CCOR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FQAL Fidelity Quality Factor ETF	7.87%	16.93%	21.92%	24.20%	-19.70%	32.13%	16.17%	28.12%	-4.39%	13.83%
CCOR Core Alternative ETF	-3.71%	3.52%	-5.70%	-11.92%	2.51%	9.90%	4.07%	6.03%	4.64%	3.68%

Correlation

The correlation between FQAL and CCOR is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (All Time) Calculated using the full available price history since May 25, 2017	0.27

The correlation between FQAL and CCOR shifts across timeframes, from 0.03 (3 years) to 0.27 (all time), reflecting how their relationship changes across market environments.

FQAL vs. CCOR - Sectors Allocation Comparison

Sectors	FQAL	CCOR
Technology	34.3%	16.2%
Financial Services	12.3%	17.7%
Communication Services	10.5%	8.7%
Consumer Cyclical	10.1%	9.4%
Industrials	9.1%	9.2%
Healthcare	8.9%	10.8%
Consumer Defensive	4.4%	6.8%
Energy	3.9%	7.2%
Basic Materials	2.2%	5.1%
Utilities	2.2%	6.3%
Real Estate	2.2%	2.8%

Return for Risk

FQAL vs. CCOR — Risk / Return Rank

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

FQAL

FQAL Risk / Return Rank: 55
FQAL Sharpe Ratio Rank: 55
FQAL Sortino Ratio Rank: 56
FQAL Omega Ratio Rank: 54
FQAL Calmar Ratio Rank: 50
FQAL Martin Ratio Rank: 63

CCOR

CCOR Risk / Return Rank: 2
CCOR Sharpe Ratio Rank: 2
CCOR Sortino Ratio Rank: 2
CCOR Omega Ratio Rank: 2
CCOR Calmar Ratio Rank: 3
CCOR Martin Ratio Rank: 1

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.

FQAL vs. CCOR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Quality Factor ETF (FQAL) and Core Alternative ETF (CCOR). 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.

	FQAL	CCOR	Difference
Sharpe ratio: Return per unit of total volatility	1.89	-0.87	+2.76
Sortino ratio: Return per unit of downside risk	2.70	-1.15	+3.86
Omega ratio: Gain probability vs. loss probability	1.34	0.87	+0.47
Calmar ratio: Return relative to maximum drawdown	2.52	-0.69	+3.20
Martin ratio: Return relative to average drawdown	11.41	-1.59	+13.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FQAL vs. CCOR - Sharpe Ratio Comparison

The current FQAL Sharpe Ratio is 1.89, which is higher than the CCOR Sharpe Ratio of -0.87. The chart below compares the historical Sharpe Ratios of FQAL and CCOR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FQAL	CCOR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	-0.87	+2.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	-0.23	+1.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.11	+0.71

Drawdowns

FQAL vs. CCOR - Drawdown Comparison

The maximum FQAL drawdown since its inception was -33.71%, which is greater than CCOR's maximum drawdown of -22.99%. Use the drawdown chart below to compare losses from any high point for FQAL and CCOR.

Drawdown Indicators

	FQAL	CCOR	Difference
Max Drawdown Largest peak-to-trough decline	-33.71%	-22.99%	-10.72%
Max Drawdown (1Y) Largest decline over 1 year	-8.43%	-8.75%	+0.32%
Max Drawdown (3Y) Largest decline over 3 years	-16.87%	-12.31%	-4.56%
Max Drawdown (5Y) Largest decline over 5 years	-25.50%	-22.99%	-2.51%
Current Drawdown Current decline from peak	-0.51%	-20.03%	+19.52%
Average Drawdown Average peak-to-trough decline	-4.59%	-7.29%	+2.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	3.77%	-1.91%

Volatility

FQAL vs. CCOR - Volatility Comparison

Fidelity Quality Factor ETF (FQAL) has a higher volatility of 2.33% compared to Core Alternative ETF (CCOR) at 1.78%. This indicates that FQAL's price experiences larger fluctuations and is considered to be riskier than CCOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FQAL	CCOR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.33%	1.78%	+0.55%
Volatility (6M) Calculated over the trailing 6-month period	8.57%	4.96%	+3.61%
Volatility (1Y) Calculated over the trailing 1-year period	11.21%	6.93%	+4.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.18%	11.10%	+5.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.58%	10.75%	+6.83%

FQAL vs. CCOR - Expense Ratio Comparison

FQAL has a 0.29% expense ratio, which is lower than CCOR's 1.09% expense ratio.

Dividends

FQAL vs. CCOR - Dividend Comparison

FQAL's dividend yield for the trailing twelve months is around 1.12%, which matches CCOR's 1.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CCOR Core Alternative ETF	1.11%	1.07%	1.18%	1.21%	1.11%	1.02%	1.50%	0.73%	1.53%	0.89%	0.00%
FQAL Fidelity Quality Factor ETF	1.12%	1.12%	1.20%	1.35%	1.52%	1.17%	1.46%	1.55%	1.73%	1.53%	0.43%

Frequently Asked Questions

Can I hold both FQAL and CCOR in my portfolio?

FQAL and CCOR have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FQAL or CCOR?

FQAL has higher volatility (2.33%) compared to CCOR (1.78%). In terms of maximum drawdown, FQAL dropped -33.71% vs CCOR's -22.99%.

Which ETF is better, FQAL or CCOR?

On 5-year performance, FQAL leads with 12.41% vs -2.56% for CCOR. On fees, FQAL is cheaper at 0.29% per year. On volatility, CCOR has been the lower-risk option at 1.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FQAL or CCOR?

Over the 5-year period, FQAL has performed better with a 12.41% return vs -2.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FQAL or CCOR?

FQAL is cheaper with a 0.29% expense ratio, compared with 1.09% for CCOR.

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

FQAL and CCOR have nearly identical dividend yields, around 1.12%.

What is the main difference between FQAL and CCOR?

They also come from different issuers: Fidelity and Core Alternative Capital. Their fees differ too: 0.29% for FQAL and 1.09% for CCOR.

Which has better risk-adjusted returns?

FQAL currently has the higher Sharpe Ratio (1.89 vs -0.87), 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.