COR vs QCOM: Correlation
How closely do Cencora (COR) and Qualcomm (QCOM) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COR and QCOM?
Across a 3-year window, the weekly returns of COR and QCOM correlate at -0.27, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.36 lands near the 3-year figure. Stretching to 5 years gives -0.12, with an annualized covariance of -246.8 %².
By 3-year correlation, QCOM places #35 of the 43 assets tracked against COR. The trailing year gives COR the advantage: +11.4% versus +5.3%, a 6.1-point spread. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.43 to 0.13. Risk is not evenly split, since QCOM carries 1.9 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 QCOM: side by side
| COR (Cencora) | QCOM (Qualcomm) | |
|---|---|---|
| 1-year return | +11.4% | +5.3% |
| 5-year return | +188.6% | +25.8% |
| Volatility (ann.) | 21.9% | 42.4% |
| Beta vs S&P 500 | 0.08 | 1.77 |
| Max drawdown (3Y) | -32.4% | -44.2% |
| Market cap | $61.3B | $176.0B |
| P/E (trailing) | 24.3 | 18.9 |
| Dividend yield | 0.72% | 2.19% |
| Sector / category | Health Care | Information Technology |
Year-by-year returns
| Year | COR | QCOM |
|---|---|---|
| 2022 | +26.3% | -38.6% |
| 2023 | +25.3% | +35.1% |
| 2024 | +10.4% | +8.3% |
| 2025 | +51.5% | +13.8% |
| 2026 | -4.3% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COR and QCOM good diversifiers for each other?
Yes. With a correlation of -0.27, COR and QCOM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between COR and QCOM?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.36 over the last year and -0.12 over 5 years.
Is QCOM a good diversifier for COR?
Yes. With a correlation of -0.27, COR and QCOM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cor-vs-qcom.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cor-vs-qcom/)
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Related comparisons
Hubs: COR correlations · QCOM correlations
