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 0.39, 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
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Key characteristics
COR:
1.73
QQQ:
0.52
COR:
2.16
QQQ:
0.95
COR:
1.30
QQQ:
1.13
COR:
2.73
QQQ:
0.63
COR:
6.41
QQQ:
2.04
COR:
5.04%
QQQ:
7.00%
COR:
20.71%
QQQ:
25.49%
COR:
-71.01%
QQQ:
-82.98%
COR:
-4.16%
QQQ:
-4.77%
Returns By Period
In the year-to-date period, COR achieves a 30.22% return, which is significantly higher than QQQ's 0.50% return. Over the past 10 years, COR has underperformed QQQ with an annualized return of 11.48%, while QQQ has yielded a comparatively higher 17.51% annualized return.
COR
30.22%
3.83%
20.30%
35.38%
25.99%
27.14%
11.48%
QQQ
0.50%
18.45%
2.28%
13.25%
21.95%
18.18%
17.51%
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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.
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Dividends
COR vs. QQQ - Dividend Comparison
COR's dividend yield for the trailing twelve months is around 0.74%, more than QQQ's 0.58% 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 | 0.58% | 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.
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Volatility
COR vs. QQQ - Volatility Comparison
Cencora Inc. (COR) has a higher volatility of 9.68% compared to Invesco QQQ (QQQ) at 5.77%. This indicates that COR's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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