COR vs NIXX: Correlation
How closely do Cencora (COR) and Nixxy, Inc. (NIXX) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COR and NIXX?
Across a 3-year window, the weekly returns of COR and NIXX correlate at -0.26, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.29 over 1 year against -0.26 over 3. Stretching to 5 years gives -0.15, with an annualized covariance of -701.6 %².
Among the 43 assets we track against COR, NIXX ranks #33 by 3-year correlation. Correlation aside, the last 12 months split them widely, with COR ahead by 70.6 points (+11.4% versus -59.2%). Risk is not evenly split, since NIXX carries 5.7 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 NIXX: side by side
| COR (Cencora) | NIXX (Nixxy, Inc.) | |
|---|---|---|
| 1-year return | +11.4% | -59.2% |
| 5-year return | +188.6% | -98.9% |
| Volatility (ann.) | 21.9% | 123.9% |
| Beta vs S&P 500 | 0.08 | 0.15 |
| Max drawdown (3Y) | -32.4% | -91.9% |
| Market cap | $61.3B | – |
| P/E (trailing) | 24.3 | – |
| Dividend yield | 0.72% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | COR | NIXX |
|---|---|---|
| 2022 | +26.3% | -84.0% |
| 2023 | +25.3% | -75.8% |
| 2024 | +10.4% | +246.1% |
| 2025 | +51.5% | -81.7% |
| 2026 | -4.3% | -32.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COR and NIXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between COR and NIXX?
As of 2026-08-27, the correlation of weekly returns between COR and NIXX is -0.26 over 3 years, -0.29 over 1 year and -0.15 over 5 years.
Is NIXX a good diversifier for COR?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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.
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Related comparisons
Hubs: COR correlations · NIXX correlations
