PFM vs. CCOR

Last updated Jun 4, 2026

PFM (Invesco Dividend Achievers™ ETF) and CCOR (Core Alternative ETF) are both Large Cap Growth Equities funds. PFM is passively managed, while CCOR is actively managed. Over the past 5 years, PFM returned 10.63%/yr vs -2.56%/yr for CCOR. At a 0.40 correlation, their price movements are largely independent. PFM charges 0.53%/yr vs 1.09%/yr for CCOR.

Performance

PFM vs. CCOR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dividend Achievers™ ETF (PFM) 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, PFM achieves a 8.18% return, which is significantly higher than CCOR's -3.71% return.

PFM

• 1D: -0.23%
• 1M: 3.40%
• YTD: 8.18%
• 6M: 7.73%
• 1Y: 19.65%
• 3Y*: 16.31%
• 5Y*: 10.63%
• 10Y*: 11.82%

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)

PFM vs. CCOR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PFM Invesco Dividend Achievers™ ETF	8.18%	14.00%	16.87%	11.40%	-6.22%	23.08%	9.53%	26.88%	-4.58%	11.72%
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 PFM and CCOR is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (All Time) Calculated using the full available price history since May 25, 2017	0.40

The correlation between PFM and CCOR shifts across timeframes, from 0.27 (3 years) to 0.40 (all time), reflecting how their relationship changes across market environments.

PFM vs. CCOR - Sectors Allocation Comparison

Sectors	PFM	CCOR
Technology	24.7%	16.2%
Financial Services	18.5%	17.7%
Healthcare	14.9%	10.8%
Consumer Defensive	12.0%	6.8%
Industrials	11.1%	9.2%
Energy	4.7%	7.2%
Utilities	4.2%	6.3%
Consumer Cyclical	4.0%	9.4%
Basic Materials	3.0%	5.1%
Real Estate	2.0%	2.8%
Communication Services	1.1%	8.7%

Return for Risk

PFM vs. CCOR — Risk / Return Rank

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

PFM

PFM Risk / Return Rank: 62
PFM Sharpe Ratio Rank: 61
PFM Sortino Ratio Rank: 66
PFM Omega Ratio Rank: 61
PFM Calmar Ratio Rank: 56
PFM 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.

PFM vs. CCOR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dividend Achievers™ ETF (PFM) 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.

	PFM	CCOR	Difference
Sharpe ratio: Return per unit of total volatility	2.09	-0.87	+2.95
Sortino ratio: Return per unit of downside risk	3.07	-1.15	+4.22
Omega ratio: Gain probability vs. loss probability	1.38	0.87	+0.51
Calmar ratio: Return relative to maximum drawdown	2.78	-0.69	+3.47
Martin ratio: Return relative to average drawdown	11.28	-1.59	+12.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PFM vs. CCOR - Sharpe Ratio Comparison

The current PFM Sharpe Ratio is 2.09, which is higher than the CCOR Sharpe Ratio of -0.87. The chart below compares the historical Sharpe Ratios of PFM 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

	PFM	CCOR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	-0.87	+2.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	-0.23	+1.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.11	+0.41

Drawdowns

PFM vs. CCOR - Drawdown Comparison

The maximum PFM drawdown since its inception was -53.21%, which is greater than CCOR's maximum drawdown of -22.99%. Use the drawdown chart below to compare losses from any high point for PFM and CCOR.

Drawdown Indicators

	PFM	CCOR	Difference
Max Drawdown Largest peak-to-trough decline	-53.21%	-22.99%	-30.22%
Max Drawdown (1Y) Largest decline over 1 year	-7.09%	-8.75%	+1.66%
Max Drawdown (3Y) Largest decline over 3 years	-14.50%	-12.31%	-2.19%
Max Drawdown (5Y) Largest decline over 5 years	-17.81%	-22.99%	+5.18%
Max Drawdown (10Y) Largest decline over 10 years	-32.22%	—	—
Current Drawdown Current decline from peak	-0.23%	-20.03%	+19.80%
Average Drawdown Average peak-to-trough decline	-6.94%	-7.29%	+0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	3.77%	-2.02%

Volatility

PFM vs. CCOR - Volatility Comparison

Invesco Dividend Achievers™ ETF (PFM) has a higher volatility of 2.04% compared to Core Alternative ETF (CCOR) at 1.78%. This indicates that PFM'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

	PFM	CCOR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.04%	1.78%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	7.13%	4.96%	+2.17%
Volatility (1Y) Calculated over the trailing 1-year period	9.47%	6.93%	+2.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.54%	11.10%	+2.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.21%	10.75%	+4.46%

PFM vs. CCOR - Expense Ratio Comparison

PFM has a 0.53% expense ratio, which is lower than CCOR's 1.09% expense ratio.

Dividends

PFM vs. CCOR - Dividend Comparison

PFM's dividend yield for the trailing twelve months is around 1.33%, more than CCOR's 1.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
PFM Invesco Dividend Achievers™ ETF	1.33%	1.41%	1.58%	1.86%	1.95%	1.69%	1.92%	1.94%	2.27%	1.70%	2.56%	2.36%

Frequently Asked Questions

Can I hold both PFM and CCOR in my portfolio?

PFM and CCOR have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PFM or CCOR?

PFM has higher volatility (2.04%) compared to CCOR (1.78%). In terms of maximum drawdown, PFM dropped -53.21% vs CCOR's -22.99%.

Which ETF is better, PFM or CCOR?

On 5-year performance, PFM leads with 10.63% vs -2.56% for CCOR. On fees, PFM is cheaper at 0.53% 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, PFM or CCOR?

Over the 5-year period, PFM has performed better with a 10.63% return vs -2.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PFM or CCOR?

PFM is cheaper with a 0.53% expense ratio, compared with 1.09% for CCOR.

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

PFM has the higher dividend yield at 1.33%, compared with 1.11% for CCOR.

What is the main difference between PFM and CCOR?

They also come from different issuers: Invesco and Core Alternative Capital. Their fees differ too: 0.53% for PFM and 1.09% for CCOR.

Which has better risk-adjusted returns?

PFM currently has the higher Sharpe Ratio (2.09 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.