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 0.32, 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:
0.80
QQQ:
1.54
COR:
1.27
QQQ:
2.06
COR:
1.16
QQQ:
1.28
COR:
1.22
QQQ:
2.03
COR:
2.66
QQQ:
7.34
COR:
5.44%
QQQ:
3.75%
COR:
17.99%
QQQ:
17.90%
COR:
-71.01%
QQQ:
-82.98%
COR:
-9.76%
QQQ:
-4.03%
Returns By Period
In the year-to-date period, COR achieves a 11.50% return, which is significantly lower than QQQ's 26.66% return. Over the past 10 years, COR has underperformed QQQ with an annualized return of 11.14%, while QQQ has yielded a comparatively higher 18.30% annualized return.
COR
11.50%
-6.54%
-3.88%
13.44%
23.20%
11.14%
QQQ
26.66%
3.29%
6.76%
26.84%
20.38%
18.30%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
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 0.92%, more than QQQ's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COR Cencora Inc. | 0.92% | 0.96% | 1.13% | 1.34% | 1.74% | 1.88% | 2.07% | 1.61% | 1.77% | 1.17% | 1.10% | 1.23% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
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 4.40%, while Invesco QQQ (QQQ) has a volatility of 5.23%. 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.