BORR vs COR: Correlation
Measured on weekly returns over the past three years, Borr Drilling Limited (BORR) and Cencora (COR) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BORR and COR?
Across a 3-year window, the weekly returns of BORR and COR correlate at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.18 lands near the 3-year figure. Stretching to 5 years gives 0.00, with an annualized covariance of -292.3 %².
Among the 12 assets we track against BORR, COR sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months BORR outperformed by 43.5 percentage points (+54.9% for BORR against +11.4% for COR). Note the risk asymmetry: BORR runs 2.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BORR vs COR: side by side
| BORR (Borr Drilling Limited) | COR (Cencora) | |
|---|---|---|
| 1-year return | +54.9% | +11.4% |
| 5-year return | +246.5% | +188.6% |
| Volatility (ann.) | 58.6% | 21.9% |
| Beta vs S&P 500 | 1.05 | 0.08 |
| Max drawdown (3Y) | -77.1% | -32.4% |
| Market cap | $1.4B | $61.3B |
| P/E (trailing) | – | 24.3 |
| Dividend yield | 0.00% | 0.72% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BORR | COR |
|---|---|---|
| 2022 | +141.3% | +26.3% |
| 2023 | +48.1% | +25.3% |
| 2024 | -43.3% | +10.4% |
| 2025 | +4.2% | +51.5% |
| 2026 | +12.7% | -4.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BORR and COR good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BORR and COR?
The BORR/COR correlation stands at -0.23 on a 3-year window (1 year: -0.18, 5 years: 0.00), computed from weekly returns as of 2026-08-27.
Is COR a good diversifier for BORR?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: BORR correlations · COR correlations
