CCOR vs SPXL
Core Alternative ETF vs Direxion Daily S&P 500 Bull 3X ETF
Which is better, CCOR or SPXL?
SPXL has been ahead.
SPXL has a lower expense ratio. SPXL led over 1Y, 3Y, 5Y and the full window. CCOR is less concentrated, with 40.9% of the fund in its ten largest positions against 48.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CCOR | SPXL |
|---|---|---|
| Expense Ratio | 1.16% | 0.87%Best |
| AUM | $25M | $7.4B |
| Dividend Yield | 1.00% | 0.52% |
| Holdings | 44 | 1,030 |
| YTD Return | -0.81% | +30.47%Best |
| 1Y Return | -0.54% | +39.94%Best |
| 3Y Return (annualized) | -1.12% | +52.99%Best |
| 5Y Return (annualized) | -1.81% | +20.66%Best |
| Volatility (annualized) | 7.8%Best | 48.8% |
| Max Drawdown | -23.0%Best | -76.9% |
| $10,000 over 5 years | $9,127 | $25,575Best |
| Top 10 Weight | 40.9%Best | 48.3% |
| Fund Family | Core Alternative Capital | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | May 23, 2017 | Nov 5, 2008 |
Volatility and max drawdown are measured over the window both funds cover: May 24, 2017 to Oct 14, 2026 (9.4 years).
CCOR vs SPXL growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
CCOR vs SPXL Performance
Core Alternative ETF (CCOR) is an ETF from Core Alternative Capital and Direxion Daily S&P 500 Bull 3X ETF (SPXL) is an ETF from Direxion Shares ETF Trust. Over the past year CCOR returned -0.54% while SPXL returned +39.94%. Year to date, CCOR is down 0.81% versus a gain of 30.47% for SPXL.
Over three years, CCOR compounded at -1.12% per year against +52.99% for SPXL; over five years the annualized figures are -1.81% and +20.66% respectively. Across the full 9-year window we track, SPXL has the edge at +27.09% annualized vs +0.98%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPXL has been the more volatile fund, with annualized monthly volatility of 48.8% compared with 7.8% for CCOR. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -23.0% for CCOR and -76.9% for SPXL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.13. They move largely independently of each other.
Fees and Cost Over Time
CCOR charges 1.16% per year while SPXL charges 0.87%. On a $10,000 position that is $116 vs $87 annually, a gap of $29 per year that compounds over a long holding period. On income, CCOR currently yields 1.00% against 0.52% for SPXL.
Holdings Overlap
100.0% of CCOR's money is in holdings SPXL also owns. 24.9% of SPXL's money is in holdings CCOR also owns.
Most of CCOR is already inside SPXL. Owning both mostly buys the same companies twice.
35 positions in common, counted across the 37 positions we hold weights for in CCOR and 506 in SPXL, against full books of 44 and 1,030.
What only one of them owns
Our book lists 464 positions for SPXL that do not appear in our book for CCOR (72.1% of the fund), and 1 for CCOR that do not appear in SPXL (4.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CCOR | Weight in SPXL | Difference |
|---|---|---|---|
| AAPLApple, Inc | 3.13% | 5.45% | 2.32% |
| MSFTMicrosoft Corp | 4.23% | 4.19% | 0.04% |
| GOOGLAlphabet, Inc. - Class a | 5.35% | 2.28% | 3.07% |
| AMZNAmazon.Com Inc | 2.97% | 2.77% | 0.20% |
| JNJJohnson & Johnson | 4.85% | 0.71% | 4.14% |
| JPMJpmorgan Chase & Co | 3.81% | 1.05% | 2.76% |
| XOMExxonmobil Corp. | 4.10% | 0.76% | 3.34% |
| MSMorgan Stanley | 4.07% | 0.28% | 3.79% |
| METAMeta Platforms, Inc. | 2.63% | 1.63% | 1.00% |
| CVXChevron Corp. | 3.42% | 0.44% | 2.98% |
100.0% of CCOR is already inside SPXL.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CCOR or SPXL?
CCOR has an expense ratio of 1.16% while SPXL charges 0.87%. SPXL is the cheaper option, by $29 a year on a $10,000 investment.
Which performed better, CCOR or SPXL?
Over the past year CCOR returned -0.54% vs +39.94% for SPXL, so SPXL leads on 1-year performance. Over the longest common window we track (9 years), CCOR annualized +0.98% vs +27.09% for SPXL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CCOR or SPXL?
SPXL has been the more volatile fund at 48.8% annualized versus 7.8% for CCOR. Worst drawdown: CCOR -23.0% vs SPXL -76.9%.
Should I hold both CCOR and SPXL?
CCOR and SPXL have a monthly-return correlation of 0.13, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CCOR and SPXL?
100.0% of CCOR's money is in holdings SPXL also owns. 24.9% of SPXL's is in holdings CCOR also owns. They hold 35 positions in common, counted across the 37 positions we hold weights for in CCOR and 506 in SPXL.
Which pays a higher dividend, CCOR or SPXL?
CCOR yields 1.00% while SPXL yields 0.52%, so CCOR currently pays the higher dividend yield.
Is SPXL better than CCOR?
SPXL has a lower expense ratio. SPXL led over 1Y, 3Y, 5Y and the full window. CCOR is less concentrated, with 40.9% of the fund in its ten largest positions against 48.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.