COR vs. GRID
COR (Cencora Inc.) is a stock, while GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) is Infrastructure Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. Over the past 10 years, COR returned 16.89%/yr vs 18.91%/yr for GRID. Their 0.28 correlation means their historical movements had little consistent relationship.
Performance
COR vs. GRID - Performance Comparison
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Returns By Period
In the year-to-date period, COR achieves a -5.70% return, which is significantly lower than GRID's 22.54% return. Over the past 10 years, COR has underperformed GRID with an annualized return of 16.89%, while GRID has yielded a comparatively higher 18.91% annualized return.
COR
- 1D
- 3.57%
- 1M
- 6.25%
- 6M
- -3.48%
- YTD
- -5.70%
- 1Y
- 9.33%
- 3Y*
- 20.65%
- 5Y*
- 23.12%
- 10Y*
- 16.89%
- ALL TIME*
- 17.78%
GRID
- 1D
- -0.06%
- 1M
- -0.41%
- 6M
- 12.21%
- YTD
- 22.54%
- 1Y
- 33.13%
- 3Y*
- 23.79%
- 5Y*
- 15.07%
- 10Y*
- 18.91%
- ALL TIME*
- 12.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
COR Cencora Inc. | $423.30M | $440.59M | $472.16M |
| $110.01M | $102.42M | $133.91M |
COR vs. GRID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COR Cencora Inc. | -5.70% | 51.48% | 10.37% | 25.33% | 26.26% | 44.09% | 23.37% | 23.51% | -17.57% | 19.51% |
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 22.54% | 29.65% | 15.18% | 21.57% | -13.89% | 27.65% | 48.84% | 42.80% | -22.69% | 27.44% |
Correlation
The correlation between COR and GRID is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.13 |
Correlation (3Y) Balances recent behavior with more history. | -0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.11 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.23 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2009 | 0.28 |
The correlation between COR and GRID shifts across timeframes, from -0.13 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
COR vs. GRID — Risk / Return Rank
COR
GRID
COR vs. GRID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cencora Inc. (COR) and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). 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 | GRID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.26 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 2.10 | -1.82 |
| Martin ratioReturn relative to average drawdown | 0.67 | 7.41 | -6.74 |
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Drawdowns
COR vs. GRID - Drawdown Comparison
The maximum COR drawdown since its inception was -71.01%, which is greater than GRID's maximum drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for COR and GRID.
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Drawdown Indicators
| COR | GRID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.01% | -40.56% | -30.45% |
Max Drawdown (1Y)Largest decline over 1 year | -32.44% | -15.82% | -16.62% |
Max Drawdown (3Y)Largest decline over 3 years | -32.44% | -20.62% | -11.82% |
Max Drawdown (5Y)Largest decline over 5 years | -32.44% | -29.64% | -2.80% |
Max Drawdown (10Y)Largest decline over 10 years | -32.44% | -40.56% | +8.12% |
Current DrawdownCurrent decline from peak | -15.01% | -6.20% | -8.81% |
Average DrawdownAverage peak-to-trough decline | -13.65% | -8.42% | -5.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.93% | 4.48% | +9.45% |
Volatility
COR vs. GRID - Volatility Comparison
The current volatility for Cencora Inc. (COR) is 7.94%, while First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a volatility of 8.70%. This indicates that COR experiences smaller price fluctuations and is considered to be less risky than GRID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COR | GRID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.94% | 8.70% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 28.11% | 20.46% | +7.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.07% | 23.19% | +7.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.52% | 21.73% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.55% | 22.83% | +4.72% |
Dividends
COR vs. GRID - Dividend Comparison
COR's dividend yield for the trailing twelve months is around 0.74%, less than GRID's 0.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COR Cencora Inc. | 0.74% | 0.67% | 0.93% | 0.96% | 1.13% | 5.13% | 6.74% | 7.48% | 2.07% | 1.61% | 1.77% | 1.17% |
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 0.77% | 1.01% | 1.06% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% |
Frequently Asked Questions
COR and GRID have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRID has higher volatility (8.70%) compared to COR (7.94%). In terms of maximum drawdown, COR dropped -71.01% vs GRID's -40.56%.
GRID currently has the higher Sharpe Ratio (1.44 vs 0.30), 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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