COR vs FLNC: Correlation
How closely do Cencora (COR) and Fluence Energy, Inc. (FLNC) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COR and FLNC?
Over the past 3 years, COR and FLNC moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.40) runs below the 3-year figure (-0.29). Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -704.4 %².
Among the 43 assets we track against COR, FLNC sits near the bottom by co-movement, at rank #39. The last year tells two different stories: FLNC led by 45.6 percentage points, +11.4% for COR against +57.0% for FLNC. Risk is not evenly split, since FLNC carries 5.0 times the volatility of the other side.
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 FLNC: side by side
| COR (Cencora) | FLNC (Fluence Energy, Inc.) | |
|---|---|---|
| 1-year return | +11.4% | +57.0% |
| 5-year return | +188.6% | -67.3% |
| Volatility (ann.) | 21.9% | 109.2% |
| Beta vs S&P 500 | 0.08 | 2.11 |
| Max drawdown (3Y) | -32.4% | -86.9% |
| Market cap | $61.3B | $2.1B |
| P/E (trailing) | 24.3 | – |
| Dividend yield | 0.72% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | COR | FLNC |
|---|---|---|
| 2022 | +26.3% | -51.8% |
| 2023 | +25.3% | +39.1% |
| 2024 | +10.4% | -33.4% |
| 2025 | +51.5% | +24.6% |
| 2026 | -4.3% | -42.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COR and FLNC good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between COR and FLNC?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.40 over the last year and -0.15 over 5 years.
Is FLNC a good diversifier for COR?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
A reading of -0.29 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-flnc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cor-vs-flnc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COR correlations · FLNC correlations
