COR vs L: Correlation
Measured on weekly returns over the past three years, Cencora (COR) and Loews Corporation (L) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COR and L?
Over the past 3 years, COR and L moved with a correlation of 0.44, which is moderate. The past 12 months show a tighter link (0.60) than the 3-year average (0.44). Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 160.5 %².
L is one of the assets that tracks COR most closely: it ranks #3 out of the 43 assets we track against COR. Twelve-month performance is nearly a tie, at +11.4% for COR and +14.2% for L. The rolling one-year correlation moved between 0.27 and 0.61 over the past three years, a moderate range.
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 L: side by side
| COR (Cencora) | L (Loews Corporation) | |
|---|---|---|
| 1-year return | +11.4% | +14.2% |
| 5-year return | +188.6% | +100.1% |
| Volatility (ann.) | 21.9% | 16.6% |
| Beta vs S&P 500 | 0.08 | 0.33 |
| Max drawdown (3Y) | -32.4% | -12.2% |
| Market cap | $61.3B | $22.5B |
| P/E (trailing) | 24.3 | 13.5 |
| Dividend yield | 0.72% | 0.23% |
| Sector / category | Health Care | Financials |
Year-by-year returns
| Year | COR | L |
|---|---|---|
| 2022 | +26.3% | +1.4% |
| 2023 | +25.3% | +19.8% |
| 2024 | +10.4% | +22.1% |
| 2025 | +51.5% | +24.7% |
| 2026 | -4.3% | +4.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COR and L good diversifiers for each other?
Reasonably. At 0.44, COR and L keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between COR and L?
As of 2026-08-27, the correlation of weekly returns between COR and L is 0.44 over 3 years, 0.60 over 1 year and 0.48 over 5 years.
Is L a good diversifier for COR?
Reasonably. At 0.44, COR and L keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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-l.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cor-vs-l/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COR correlations · L correlations
