COR vs ELS: Correlation
Measured on weekly returns over the past three years, Cencora (COR) and Equity Lifestyle Properties, Inc. (ELS) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COR and ELS?
Over the past 3 years, COR and ELS moved with a correlation of 0.39, which is moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.39 over 3. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 148.2 %².
Among the 43 assets we track against COR, ELS ranks #11 by 3-year correlation. Twelve-month performance is nearly a tie, at +11.4% for COR and +10.2% for ELS.
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 ELS: side by side
| COR (Cencora) | ELS (Equity Lifestyle Properties, Inc.) | |
|---|---|---|
| 1-year return | +11.4% | +10.2% |
| 5-year return | +188.6% | -12.6% |
| Volatility (ann.) | 21.9% | 17.5% |
| Beta vs S&P 500 | 0.08 | 0.07 |
| Max drawdown (3Y) | -32.4% | -21.0% |
| Market cap | $61.3B | $12.8B |
| P/E (trailing) | 24.3 | 31.2 |
| Dividend yield | 0.72% | 3.27% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | COR | ELS |
|---|---|---|
| 2022 | +26.3% | -24.5% |
| 2023 | +25.3% | +12.2% |
| 2024 | +10.4% | -2.8% |
| 2025 | +51.5% | -5.9% |
| 2026 | -4.3% | +7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COR and ELS 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 COR and ELS?
As of 2026-08-27, the correlation of weekly returns between COR and ELS is 0.39 over 3 years, 0.44 over 1 year and 0.35 over 5 years.
Is ELS a good diversifier for COR?
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?
On the −1 to +1 scale, 0.39 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cor-vs-els.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cor-vs-els/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COR correlations · ELS correlations
