CAH vs ORI: Correlation
How closely do Cardinal Health (CAH) and Old Republic International Corporation (ORI) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAH and ORI?
Across a 3-year window, the weekly returns of CAH and ORI correlate at 0.39, moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. Stretching to 5 years gives 0.37, with an annualized covariance of 197.0 %².
By 3-year correlation, ORI places #8 of the 32 assets tracked against CAH. Correlation aside, the last 12 months split them widely, with CAH ahead by 44.2 points (+59.2% versus +15.0%).
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.
CAH vs ORI: side by side
| CAH (Cardinal Health) | ORI (Old Republic International Corporation) | |
|---|---|---|
| 1-year return | +59.2% | +15.0% |
| 5-year return | +409.0% | +137.4% |
| Volatility (ann.) | 24.2% | 21.1% |
| Beta vs S&P 500 | 0.31 | 0.28 |
| Max drawdown (3Y) | -20.4% | -16.2% |
| Market cap | $54.7B | $10.2B |
| P/E (trailing) | 33.0 | 9.3 |
| Dividend yield | 0.86% | 2.85% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | CAH | ORI |
|---|---|---|
| 2022 | +54.1% | +6.7% |
| 2023 | +34.1% | +26.3% |
| 2024 | +19.0% | +27.1% |
| 2025 | +76.3% | +37.5% |
| 2026 | +15.2% | -0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAH and ORI good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CAH and ORI?
The CAH/ORI correlation stands at 0.39 on a 3-year window (1 year: 0.37, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is ORI a good diversifier for CAH?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cah-vs-ori.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cah-vs-ori/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CAH correlations · ORI correlations
