COR vs KLIC: Correlation
How closely do Cencora (COR) and Kulicke and Soffa Industries, Inc. (KLIC) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COR and KLIC?
On 3 years of weekly data the COR/KLIC correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.32 over 1 year against -0.28 over 3. The 5-year figure is -0.07, and annualized covariance runs at -269.9 %².
By 3-year correlation, KLIC places #37 of the 43 assets tracked against COR. Correlation aside, the last 12 months split them widely, with KLIC ahead by 116.9 points (+11.4% versus +128.3%). Note the risk asymmetry: KLIC runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 KLIC: side by side
| COR (Cencora) | KLIC (Kulicke and Soffa Industries, Inc.) | |
|---|---|---|
| 1-year return | +11.4% | +128.3% |
| 5-year return | +188.6% | +30.7% |
| Volatility (ann.) | 21.9% | 43.9% |
| Beta vs S&P 500 | 0.08 | 1.49 |
| Max drawdown (3Y) | -32.4% | -49.3% |
| Market cap | $61.3B | $4.4B |
| P/E (trailing) | 24.3 | 38.8 |
| Dividend yield | 0.72% | 0.97% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | COR | KLIC |
|---|---|---|
| 2022 | +26.3% | -25.8% |
| 2023 | +25.3% | +25.5% |
| 2024 | +10.4% | -13.2% |
| 2025 | +51.5% | -0.3% |
| 2026 | -4.3% | +86.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COR and KLIC good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between COR and KLIC?
The COR/KLIC correlation stands at -0.28 on a 3-year window (1 year: -0.32, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is KLIC a good diversifier for COR?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
A reading of -0.28 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-klic.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cor-vs-klic/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COR correlations · KLIC correlations
