QOWZ vs. CCOR

Last updated Jun 4, 2026

QOWZ (Invesco Nasdaq Free Cash Flow Achievers ETF) and CCOR (Core Alternative ETF) are both Large Cap Growth Equities funds. QOWZ is passively managed, while CCOR is actively managed. Over the past year, QOWZ returned 2.83% vs -5.97% for CCOR. At a correlation of -0.06, they often move in opposite directions. QOWZ charges 0.39%/yr vs 1.09%/yr for CCOR.

Performance

QOWZ vs. CCOR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) 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, QOWZ achieves a -1.71% return, which is significantly higher than CCOR's -3.71% return.

QOWZ

• 1D: -1.13%
• 1M: 6.39%
• YTD: -1.71%
• 6M: -1.76%
• 1Y: 2.83%
• 3Y*: —
• 5Y*: —
• 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)

QOWZ vs. CCOR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QOWZ Invesco Nasdaq Free Cash Flow Achievers ETF	-1.71%	7.24%	33.16%	6.47%
CCOR Core Alternative ETF	-3.71%	3.52%	-5.70%	-0.06%

Correlation

The correlation between QOWZ and CCOR is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (All Time) Calculated using the full available price history since Dec 7, 2023	-0.06

The correlation between QOWZ and CCOR shifts across timeframes, from -0.06 (all time) to 0.06 (1 year), reflecting how their relationship changes across market environments.

QOWZ vs. CCOR - Sectors Allocation Comparison

Sectors	QOWZ	CCOR
Technology	57.9%	16.2%
Industrials	12.4%	9.2%
Healthcare	9.8%	10.8%
Communication Services	8.5%	8.7%
Financial Services	5.1%	17.7%
Consumer Cyclical	4.1%	9.4%
Consumer Defensive	2.1%	6.8%
Basic Materials	-	5.1%
Energy	-	7.2%
Real Estate	-	2.8%
Utilities	-	6.3%

Return for Risk

QOWZ vs. CCOR — Risk / Return Rank

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

QOWZ

QOWZ Risk / Return Rank: 11
QOWZ Sharpe Ratio Rank: 11
QOWZ Sortino Ratio Rank: 11
QOWZ Omega Ratio Rank: 10
QOWZ Calmar Ratio Rank: 10
QOWZ Martin Ratio Rank: 11

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.

QOWZ vs. CCOR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) 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.

	QOWZ	CCOR	Difference
Sharpe ratio: Return per unit of total volatility	0.19	-0.87	+1.05
Sortino ratio: Return per unit of downside risk	0.36	-1.15	+1.52
Omega ratio: Gain probability vs. loss probability	1.04	0.87	+0.17
Calmar ratio: Return relative to maximum drawdown	0.16	-0.69	+0.84
Martin ratio: Return relative to average drawdown	0.42	-1.59	+2.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QOWZ vs. CCOR - Sharpe Ratio Comparison

The current QOWZ Sharpe Ratio is 0.19, which is higher than the CCOR Sharpe Ratio of -0.87. The chart below compares the historical Sharpe Ratios of QOWZ 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

	QOWZ	CCOR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.19	-0.87	+1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.23	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.11	+0.80

Drawdowns

QOWZ vs. CCOR - Drawdown Comparison

The maximum QOWZ drawdown since its inception was -20.36%, smaller than the maximum CCOR drawdown of -22.99%. Use the drawdown chart below to compare losses from any high point for QOWZ and CCOR.

Drawdown Indicators

	QOWZ	CCOR	Difference
Max Drawdown Largest peak-to-trough decline	-20.36%	-22.99%	+2.63%
Max Drawdown (1Y) Largest decline over 1 year	-17.81%	-8.75%	-9.06%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.31%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.99%	—
Current Drawdown Current decline from peak	-5.46%	-20.03%	+14.57%
Average Drawdown Average peak-to-trough decline	-3.98%	-7.29%	+3.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.70%	3.77%	+2.93%

Volatility

QOWZ vs. CCOR - Volatility Comparison

Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) has a higher volatility of 5.04% compared to Core Alternative ETF (CCOR) at 1.78%. This indicates that QOWZ'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

	QOWZ	CCOR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	1.78%	+3.26%
Volatility (6M) Calculated over the trailing 6-month period	11.99%	4.96%	+7.03%
Volatility (1Y) Calculated over the trailing 1-year period	15.28%	6.93%	+8.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.27%	11.10%	+8.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.27%	10.75%	+8.52%

QOWZ vs. CCOR - Expense Ratio Comparison

QOWZ has a 0.39% expense ratio, which is lower than CCOR's 1.09% expense ratio.

Dividends

QOWZ vs. CCOR - Dividend Comparison

QOWZ's dividend yield for the trailing twelve months is around 0.26%, less than CCOR's 1.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CCOR Core Alternative ETF	1.11%	1.07%	1.18%	1.21%	1.11%	1.02%	1.50%	0.73%	1.53%	0.89%
QOWZ Invesco Nasdaq Free Cash Flow Achievers ETF	0.26%	0.28%	0.66%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QOWZ and CCOR in my portfolio?

QOWZ and CCOR have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QOWZ or CCOR?

QOWZ has higher volatility (5.04%) compared to CCOR (1.78%). In terms of maximum drawdown, QOWZ dropped -20.36% vs CCOR's -22.99%.

Which ETF is better, QOWZ or CCOR?

On 1-year performance, QOWZ leads with 2.83% vs -5.97% for CCOR. On fees, QOWZ is cheaper at 0.39% 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, QOWZ or CCOR?

Over the 1-year period, QOWZ has performed better with a 2.83% return vs -5.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QOWZ or CCOR?

QOWZ is cheaper with a 0.39% expense ratio, compared with 1.09% for CCOR.

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

CCOR has the higher dividend yield at 1.11%, compared with 0.26% for QOWZ.

What is the main difference between QOWZ and CCOR?

They also come from different issuers: Invesco and Core Alternative Capital. Their fees differ too: 0.39% for QOWZ and 1.09% for CCOR.

Which has better risk-adjusted returns?

QOWZ currently has the higher Sharpe Ratio (0.19 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.