COR vs NXPI: Correlation
How closely do Cencora (COR) and NXP Semiconductors (NXPI) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COR and NXPI?
Over the past 3 years, COR and NXPI moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -169.1 %².
Among the 43 assets we track against COR, NXPI ranks #24 by 3-year correlation. Over the last 12 months COR came out ahead by 14.7 percentage points (+11.4% against -3.3%). Across three years, the rolling one-year figure varied moderately, from -0.39 to -0.01. One caveat on sizing: NXPI is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 NXPI: side by side
| COR (Cencora) | NXPI (NXP Semiconductors) | |
|---|---|---|
| 1-year return | +11.4% | -3.3% |
| 5-year return | +188.6% | +8.6% |
| Volatility (ann.) | 21.9% | 39.9% |
| Beta vs S&P 500 | 0.08 | 1.53 |
| Max drawdown (3Y) | -32.4% | -46.5% |
| Market cap | $61.3B | $57.0B |
| P/E (trailing) | 24.3 | 19.3 |
| Dividend yield | 0.72% | 1.82% |
| Sector / category | Health Care | Information Technology |
Year-by-year returns
| Year | COR | NXPI |
|---|---|---|
| 2022 | +26.3% | -29.2% |
| 2023 | +25.3% | +48.4% |
| 2024 | +10.4% | -8.0% |
| 2025 | +51.5% | +6.4% |
| 2026 | -4.3% | +4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COR and NXPI good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between COR and NXPI?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.24 over the last year and -0.06 over 5 years.
Is NXPI a good diversifier for COR?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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-nxpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cor-vs-nxpi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COR correlations · NXPI correlations
