CCOR vs SELV

CCORDCore Alternative ETF

SELVASEI QiM US Large Cap Low Volatility Active ETF

In short

CCOR Hedged equity that buys its hedge instead of selling calls: about 40 large-cap growth and quality names ringed by long S&P 500 put options, aiming for low correlation to the broad market. Active since 2017.

SELV Active low-volatility large cap at index-fund pricing. SEI scores Russell 1000 names on volatility, momentum, quality and value, then holds roughly 90 of them, aiming for a smoother ride than the broad U.S. large-cap market.

Stated mandate

CCOR The Fund seeks capital appreciation and preservation with low correlation to the broader U.S. equity market. It combines a concentrated large-cap long-equity portfolio with S&P 500 put options intended to reduce downside risk and seek positive returns during equity declines.

SELV The Fund seeks long-term capital appreciation while targeting lower volatility than the broad U.S. large-cap equity market.

Why people hold it

• CCOR The protection is purchased, not financed by giving away upside. Long index puts sit beside the stock sleeve, intended to cushion sharp declines and seek gains when equities fall.
• Built to march to its own drum: the stated goal is capital appreciation plus preservation with low correlation to the broad U.S. market, not a closet S&P 500 clone.
• Concentrated and genuinely active. Roughly 40 U.S. large caps picked for growth and quality, with no index to hug.
• A 2017 launch means a long live record through real selloffs, not a backtest.

• SELV 0.15% a year, well under the typical low-vol competitor, and the cheapest of the top-graded funds in its group (CGCV 0.33%, LOWV 0.39%).
• Not a one-trick screen. The model blends low volatility with momentum, quality and value, so cheap and improving names can make the cut, not just the sleepiest ones.
• Roughly 90 stocks against a Russell 1000 reference: genuinely active positioning, not a closet index wearing a defensive label.
• Rates as one of the stronger implementations in a small defensive-equity peer group, largely on price discipline.

Worth knowing

• CCOR Options expertise costs 1.16% a year, above the norm for low-volatility peers, with no waiver trimming it. SELV charges 0.15% and CGCV 0.33%.
• Small fund, light trading. Spreads can run wider than in big peers, which makes limit orders the usual tool here.
• A standing put position costs premium every year. That is the price of the cushion, and it weighs on results in calm, grinding rallies.

• SELV Thinly traded. Spreads can run wider than the household-name low-vol funds, and bigger orders take patience.
• Lower volatility is the target, not a floor. The fund still owns stocks and can fall with the market, and defensive tilts tend to trail in fast, speculative rallies.
• Launched in 2022, so the live record is short and the asset base stays modest next to the category's giants.

Full CCOR profile⁠

Full SELV profile⁠