COR vs DHX: Correlation
Measured on weekly returns over the past three years, Cencora (COR) and DHI Group, Inc. (DHX) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COR and DHX?
Over the past 3 years, COR and DHX moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.34) than the 3-year average (-0.22). Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -331.4 %².
Within COR's tracked universe of 43 assets, DHX comes in at #27 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DHX ahead by 40.5 points (+11.4% versus +51.9%). One caveat on sizing: DHX is 3.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
COR vs DHX: side by side
| COR (Cencora) | DHX (DHI Group, Inc.) | |
|---|---|---|
| 1-year return | +11.4% | +51.9% |
| 5-year return | +188.6% | -1.7% |
| Volatility (ann.) | 21.9% | 67.6% |
| Beta vs S&P 500 | 0.08 | 0.82 |
| Max drawdown (3Y) | -32.4% | -68.6% |
| Market cap | $61.3B | $0.2B |
| P/E (trailing) | 24.3 | 136.7 |
| Dividend yield | 0.72% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | COR | DHX |
|---|---|---|
| 2022 | +26.3% | -15.2% |
| 2023 | +25.3% | -51.0% |
| 2024 | +10.4% | -31.7% |
| 2025 | +51.5% | -12.4% |
| 2026 | -4.3% | +164.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COR and DHX good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between COR and DHX?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.34 over the last year and -0.10 over 5 years.
Is DHX a good diversifier for COR?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cor-vs-dhx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cor-vs-dhx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COR correlations · DHX correlations
