ADI vs COR: Correlation
Analog Devices (ADI) and Cencora (COR) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADI and COR?
Across a 3-year window, the weekly returns of ADI and COR correlate at -0.16, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. Stretching to 5 years gives -0.03, with an annualized covariance of -117.3 %².
By 3-year correlation, COR places #42 of the 51 assets tracked against ADI. Their recent paths diverged sharply: over the last 12 months ADI outperformed by 37.2 percentage points (+48.6% for ADI against +11.4% for COR). The rolling one-year correlation moved between -0.25 and 0.15 over the past three years, a moderate range.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ADI vs COR: side by side
| ADI (Analog Devices) | COR (Cencora) | |
|---|---|---|
| 1-year return | +48.6% | +11.4% |
| 5-year return | +143.1% | +188.6% |
| Volatility (ann.) | 32.6% | 21.9% |
| Beta vs S&P 500 | 1.56 | 0.08 |
| Max drawdown (3Y) | -32.2% | -32.4% |
| Market cap | $181.5B | $61.3B |
| P/E (trailing) | 44.6 | 24.3 |
| Dividend yield | 1.15% | 0.72% |
| Sector / category | Information Technology | Health Care |
Year-by-year returns
| Year | ADI | COR |
|---|---|---|
| 2022 | -4.9% | +26.3% |
| 2023 | +23.4% | +25.3% |
| 2024 | +8.8% | +10.4% |
| 2025 | +29.8% | +51.5% |
| 2026 | +38.9% | -4.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADI and COR good diversifiers for each other?
Yes. With a correlation of -0.16, ADI and COR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ADI and COR?
As of 2026-08-27, the correlation of weekly returns between ADI and COR is -0.16 over 3 years, -0.26 over 1 year and -0.03 over 5 years.
Is COR a good diversifier for ADI?
Yes. With a correlation of -0.16, ADI and COR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
A reading of -0.16 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ADI correlations · COR correlations
