COR vs. QQQ
Compare and contrast key facts about Cencora Inc. (COR) and Invesco QQQ (QQQ).
QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: COR or QQQ.
Correlation
The correlation between COR and QQQ is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
COR vs. QQQ - Performance Comparison
Key characteristics
COR:
1.13
QQQ:
0.15
COR:
1.66
QQQ:
0.38
COR:
1.22
QQQ:
1.05
COR:
1.81
QQQ:
0.16
COR:
3.93
QQQ:
0.58
COR:
5.45%
QQQ:
6.25%
COR:
19.04%
QQQ:
24.88%
COR:
-71.01%
QQQ:
-82.98%
COR:
-0.91%
QQQ:
-17.56%
Returns By Period
In the year-to-date period, COR achieves a 27.91% return, which is significantly higher than QQQ's -13.00% return. Over the past 10 years, COR has underperformed QQQ with an annualized return of 11.39%, while QQQ has yielded a comparatively higher 16.17% annualized return.
COR
27.91%
8.56%
22.24%
21.25%
27.99%
11.39%
QQQ
-13.00%
-6.28%
-9.32%
4.93%
16.35%
16.17%
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Risk-Adjusted Performance
COR vs. QQQ — Risk-Adjusted Performance Rank
COR
QQQ
COR vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cencora Inc. (COR) and Invesco QQQ (QQQ). 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.
Dividends
COR vs. QQQ - Dividend Comparison
COR's dividend yield for the trailing twelve months is around 0.74%, more than QQQ's 0.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COR Cencora Inc. | 0.74% | 0.93% | 0.96% | 1.13% | 1.34% | 1.74% | 1.88% | 2.07% | 1.61% | 1.77% | 1.17% | 1.10% |
QQQ Invesco QQQ | 0.67% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
COR vs. QQQ - Drawdown Comparison
The maximum COR drawdown since its inception was -71.01%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for COR and QQQ. For additional features, visit the drawdowns tool.
Volatility
COR vs. QQQ - Volatility Comparison
The current volatility for Cencora Inc. (COR) is 6.36%, while Invesco QQQ (QQQ) has a volatility of 16.19%. This indicates that COR experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.