COR vs. BSMS
COR (Cencora Inc.) is a stock, while BSMS (Invesco BulletShares 2028 Municipal Bond ETF) is Municipal Bonds fund tracking the Invesco BulletShares Municipal Bond 2028 Index. Over the past 5 years, COR returned 21.82%/yr vs 0.12%/yr for BSMS. At a 0.01 correlation, their price movements are largely independent.
Performance
COR vs. BSMS - Performance Comparison
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Returns By Period
In the year-to-date period, COR achieves a -14.70% return, which is significantly lower than BSMS's 1.06% return.
COR
- 1D
- 0.87%
- 1M
- 5.97%
- YTD
- -14.70%
- 6M
- -15.26%
- 1Y
- -1.10%
- 3Y*
- 16.18%
- 5Y*
- 21.82%
- 10Y*
- 17.95%
BSMS
- 1D
- 0.04%
- 1M
- 0.45%
- YTD
- 1.06%
- 6M
- 1.15%
- 1Y
- 3.92%
- 3Y*
- 3.01%
- 5Y*
- 0.12%
- 10Y*
- —
COR vs. BSMS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
COR Cencora Inc. | -14.70% | 51.48% | 10.37% | 25.33% | 26.26% | 44.09% | 23.37% | 5.70% |
BSMS Invesco BulletShares 2028 Municipal Bond ETF | 1.06% | 3.61% | 1.00% | 4.99% | -9.93% | 1.50% | 6.55% | 0.22% |
Correlation
The correlation between COR and BSMS is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.01 |
The correlation between COR and BSMS shifts across timeframes, from -0.07 (1 year) to 0.04 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
COR vs. BSMS — Risk / Return Rank
COR
BSMS
COR vs. BSMS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cencora Inc. (COR) and Invesco BulletShares 2028 Municipal Bond ETF (BSMS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| COR | BSMS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.63 | ||
| Sortino ratioReturn per unit of downside risk | -3.86 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.56 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 3.76 | -3.79 |
| Martin ratioReturn relative to average drawdown | -0.09 | 10.60 | -10.68 |
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Drawdowns
COR vs. BSMS - Drawdown Comparison
The maximum COR drawdown since its inception was -71.01%, which is greater than BSMS's maximum drawdown of -14.95%. Use the drawdown chart below to compare losses from any high point for COR and BSMS.
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Drawdown Indicators
| COR | BSMS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.01% | -14.95% | -56.06% |
Max Drawdown (1Y)Largest decline over 1 year | -32.44% | -1.05% | -31.39% |
Max Drawdown (3Y)Largest decline over 3 years | -32.44% | -4.25% | -28.19% |
Max Drawdown (5Y)Largest decline over 5 years | -32.44% | -14.95% | -17.49% |
Max Drawdown (10Y)Largest decline over 10 years | -32.44% | — | — |
Current DrawdownCurrent decline from peak | -23.12% | -0.86% | -22.26% |
Average DrawdownAverage peak-to-trough decline | -13.64% | -4.93% | -8.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.51% | 0.37% | +12.14% |
Volatility
COR vs. BSMS - Volatility Comparison
Cencora Inc. (COR) has a higher volatility of 6.38% compared to Invesco BulletShares 2028 Municipal Bond ETF (BSMS) at 0.49%. This indicates that COR's price experiences larger fluctuations and is considered to be riskier than BSMS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COR | BSMS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.38% | 0.49% | +5.89% |
Volatility (6M)Calculated over the trailing 6-month period | 27.15% | 1.01% | +26.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.35% | 1.52% | +28.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.34% | 3.59% | +18.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.51% | 6.18% | +21.33% |
Dividends
COR vs. BSMS - Dividend Comparison
COR's dividend yield for the trailing twelve months is around 0.82%, less than BSMS's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSMS Invesco BulletShares 2028 Municipal Bond ETF | 2.77% | 2.79% | 2.81% | 2.58% | 1.56% | 1.49% | 1.61% | 0.46% | 0.00% | 0.00% | 0.00% | 0.00% |
COR Cencora Inc. | 0.82% | 0.67% | 0.93% | 0.96% | 1.13% | 5.13% | 6.74% | 7.48% | 2.07% | 1.61% | 1.77% | 1.17% |
Frequently Asked Questions
COR and BSMS have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COR has higher volatility (6.38%) compared to BSMS (0.49%). In terms of maximum drawdown, COR dropped -71.01% vs BSMS's -14.95%.
BSMS currently has the higher Sharpe Ratio (2.60 vs -0.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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