COR vs JNJ: Correlation
Cencora (COR) and Johnson & Johnson (JNJ) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COR and JNJ?
On 3 years of weekly data the COR/JNJ correlation comes out at 0.35, moderate. The link has tightened recently: the 1-year correlation (0.49) runs above the 3-year figure (0.35). The 5-year figure is 0.41, and annualized covariance runs at 140.8 %².
Within COR's tracked universe of 43 assets, JNJ comes in at #17 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months JNJ outperformed by 42.3 percentage points (+11.4% for COR against +53.7% for JNJ). This link changes with the market regime, having swung between 0.06 and 0.59 on a rolling one-year basis.
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 JNJ: side by side
| COR (Cencora) | JNJ (Johnson & Johnson) | |
|---|---|---|
| 1-year return | +11.4% | +53.7% |
| 5-year return | +188.6% | +76.0% |
| Volatility (ann.) | 21.9% | 18.5% |
| Beta vs S&P 500 | 0.08 | 0.05 |
| Max drawdown (3Y) | -32.4% | -14.4% |
| Market cap | $61.3B | $640.5B |
| P/E (trailing) | 24.3 | 30.9 |
| Dividend yield | 0.72% | 1.94% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | COR | JNJ |
|---|---|---|
| 2022 | +26.3% | +6.0% |
| 2023 | +25.3% | -8.6% |
| 2024 | +10.4% | -4.8% |
| 2025 | +51.5% | +47.5% |
| 2026 | -4.3% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COR and JNJ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between COR and JNJ?
The COR/JNJ correlation stands at 0.35 on a 3-year window (1 year: 0.49, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is JNJ a good diversifier for COR?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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-jnj.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cor-vs-jnj/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COR correlations · JNJ correlations
