QWLD vs. CCOR

Last updated Jun 4, 2026

QWLD (SPDR MSCI World StrategicFactors ETF) and CCOR (Core Alternative ETF) are both Large Cap Growth Equities funds. QWLD is passively managed, while CCOR is actively managed. Over the past 5 years, QWLD returned 9.96%/yr vs -2.56%/yr for CCOR. At a 0.29 correlation, their price movements are largely independent. QWLD charges 0.30%/yr vs 1.09%/yr for CCOR.

Performance

QWLD vs. CCOR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR MSCI World StrategicFactors ETF (QWLD) 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, QWLD achieves a 6.55% return, which is significantly higher than CCOR's -3.71% return.

QWLD

• 1D: -0.56%
• 1M: 2.55%
• YTD: 6.55%
• 6M: 7.32%
• 1Y: 17.09%
• 3Y*: 16.35%
• 5Y*: 9.96%
• 10Y*: 11.68%

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)

QWLD vs. CCOR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QWLD SPDR MSCI World StrategicFactors ETF	6.55%	17.93%	14.44%	19.59%	-13.30%	21.57%	10.24%	27.59%	-7.02%	12.04%
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 QWLD and CCOR is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (All Time) Calculated using the full available price history since May 25, 2017	0.29

The correlation between QWLD and CCOR shifts across timeframes, from 0.19 (3 years) to 0.38 (1 year), reflecting how their relationship changes across market environments.

QWLD vs. CCOR - Sectors Allocation Comparison

Sectors	QWLD	CCOR
Technology	22.3%	16.2%
Financial Services	13.8%	17.7%
Healthcare	12.6%	10.8%
Communication Services	9.6%	8.7%
Industrials	8.6%	9.2%
Consumer Defensive	7.6%	6.8%
Consumer Cyclical	5.0%	9.4%
Energy	4.5%	7.2%
Utilities	3.7%	6.3%
Basic Materials	2.9%	5.1%
Real Estate	0.8%	2.8%

Return for Risk

QWLD vs. CCOR — Risk / Return Rank

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

QWLD

QWLD Risk / Return Rank: 50
QWLD Sharpe Ratio Rank: 51
QWLD Sortino Ratio Rank: 52
QWLD Omega Ratio Rank: 49
QWLD Calmar Ratio Rank: 45
QWLD Martin Ratio Rank: 55

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.

QWLD vs. CCOR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World StrategicFactors ETF (QWLD) 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.

	QWLD	CCOR	Difference
Sharpe ratio: Return per unit of total volatility	1.77	-0.87	+2.64
Sortino ratio: Return per unit of downside risk	2.55	-1.15	+3.70
Omega ratio: Gain probability vs. loss probability	1.31	0.87	+0.44
Calmar ratio: Return relative to maximum drawdown	2.24	-0.69	+2.93
Martin ratio: Return relative to average drawdown	9.70	-1.59	+11.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QWLD vs. CCOR - Sharpe Ratio Comparison

The current QWLD Sharpe Ratio is 1.77, which is higher than the CCOR Sharpe Ratio of -0.87. The chart below compares the historical Sharpe Ratios of QWLD 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

	QWLD	CCOR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.77	-0.87	+2.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	-0.23	+0.97
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.11	+0.58

Drawdowns

QWLD vs. CCOR - Drawdown Comparison

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

Drawdown Indicators

	QWLD	CCOR	Difference
Max Drawdown Largest peak-to-trough decline	-31.89%	-22.99%	-8.90%
Max Drawdown (1Y) Largest decline over 1 year	-7.66%	-8.75%	+1.09%
Max Drawdown (3Y) Largest decline over 3 years	-12.40%	-12.31%	-0.09%
Max Drawdown (5Y) Largest decline over 5 years	-22.84%	-22.99%	+0.15%
Max Drawdown (10Y) Largest decline over 10 years	-31.89%	—	—
Current Drawdown Current decline from peak	-0.56%	-20.03%	+19.47%
Average Drawdown Average peak-to-trough decline	-3.71%	-7.29%	+3.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	3.77%	-2.00%

Volatility

QWLD vs. CCOR - Volatility Comparison

SPDR MSCI World StrategicFactors ETF (QWLD) has a higher volatility of 2.26% compared to Core Alternative ETF (CCOR) at 1.78%. This indicates that QWLD'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

	QWLD	CCOR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.26%	1.78%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	7.51%	4.96%	+2.55%
Volatility (1Y) Calculated over the trailing 1-year period	9.68%	6.93%	+2.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.53%	11.10%	+2.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.18%	10.75%	+4.43%

QWLD vs. CCOR - Expense Ratio Comparison

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

Dividends

QWLD vs. CCOR - Dividend Comparison

QWLD's dividend yield for the trailing twelve months is around 1.84%, 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%
QWLD SPDR MSCI World StrategicFactors ETF	1.84%	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 QWLD and CCOR in my portfolio?

QWLD and CCOR have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QWLD or CCOR?

QWLD has higher volatility (2.26%) compared to CCOR (1.78%). In terms of maximum drawdown, QWLD dropped -31.89% vs CCOR's -22.99%.

Which ETF is better, QWLD or CCOR?

On 5-year performance, QWLD leads with 9.96% vs -2.56% for CCOR. On fees, QWLD is cheaper at 0.30% 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, QWLD or CCOR?

Over the 5-year period, QWLD has performed better with a 9.96% return vs -2.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QWLD or CCOR?

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

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

QWLD has the higher dividend yield at 1.84%, compared with 1.11% for CCOR.

What is the main difference between QWLD and CCOR?

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

Which has better risk-adjusted returns?

QWLD currently has the higher Sharpe Ratio (1.77 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.