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COR vs. USMV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

COR vs. USMV

Last updated Jun 13, 2026

COR (Cencora Inc.) is a stock, while USMV (iShares MSCI USA Min Vol Factor ETF) is Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility Index. Over the past 10 years, COR returned 17.47%/yr vs 9.90%/yr for USMV. At a 0.46 correlation, their price movements are largely independent.

Performance

COR vs. USMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cencora Inc. (COR) and iShares MSCI USA Min Vol Factor ETF (USMV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, COR achieves a -16.27% return, which is significantly lower than USMV's 2.43% return. Over the past 10 years, COR has outperformed USMV with an annualized return of 17.47%, while USMV has yielded a comparatively lower 9.90% annualized return.

COR

1D
0.07%
1M
10.42%
YTD
-16.27%
6M
-18.27%
1Y
-3.81%
3Y*
17.14%
5Y*
20.65%
10Y*
17.47%

USMV

1D
0.43%
1M
1.84%
YTD
2.43%
6M
2.34%
1Y
4.00%
3Y*
11.35%
5Y*
7.24%
10Y*
9.90%
*Multi-year figures are annualized to reflect compound growth (CAGR)

COR vs. USMV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
COR
Cencora Inc.		-16.27%51.48%10.37%25.33%26.26%44.09%23.37%23.51%-17.57%19.51%
USMV
iShares MSCI USA Min Vol Factor ETF		2.43%7.65%15.74%10.33%-9.43%20.85%5.64%27.69%1.33%18.91%

Correlation

The correlation between COR and USMV is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.36

Correlation (3Y)
Calculated over the trailing 3-year period

0.35

Correlation (5Y)
Calculated over the trailing 5-year period

0.42

Correlation (10Y)
Calculated over the trailing 10-year period

0.43

Correlation (All Time)
Calculated using the full available price history since Oct 20, 2011

0.46

The correlation between COR and USMV shifts across timeframes, from 0.35 (3 years) to 0.46 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Cencora Inc.

iShares MSCI USA Min Vol Factor ETF

Often compared with COR:
COR vs. MCKCOR vs. CAHCOR vs. DLRCOR vs. SPYCOR vs. VOOCOR vs. SMHCOR vs. UNH
Often compared with USMV:
USMV vs. SPLVUSMV vs. SPYUSMV vs. VOOUSMV vs. VFMVUSMV vs. ACWVUSMV vs. QUALUSMV vs. VTI

Return for Risk

COR vs. USMV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
COR
COR Risk / Return Rank: 3636
Overall Rank
COR Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
COR Sortino Ratio Rank: 3333
Sortino Ratio Rank
COR Omega Ratio Rank: 3333
Omega Ratio Rank
COR Calmar Ratio Rank: 3939
Calmar Ratio Rank
COR Martin Ratio Rank: 3737
Martin Ratio Rank
USMV
USMV Risk / Return Rank: 1717
Overall Rank
USMV Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
USMV Sortino Ratio Rank: 1616
Sortino Ratio Rank
USMV Omega Ratio Rank: 1515
Omega Ratio Rank
USMV Calmar Ratio Rank: 1818
Calmar Ratio Rank
USMV Martin Ratio Rank: 2020
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

COR vs. USMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cencora Inc. (COR) and iShares MSCI USA Min Vol Factor ETF (USMV). 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.

CORUSMVDifference
Sharpe ratioReturn per unit of total volatility
-0.13
0.47

-0.60

Sortino ratioReturn per unit of downside risk
0.03
0.72

-0.69

Omega ratioGain probability vs. loss probability

1.01

1.08

-0.08

Calmar ratioReturn relative to maximum drawdown

-0.12

0.62

-0.74

Martin ratioReturn relative to average drawdown

-0.33

2.06

-2.39

COR vs. USMV - Sharpe Ratio Comparison

The current COR Sharpe Ratio is -0.13, which is lower than the USMV Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of COR and USMV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

COR vs. USMV - Drawdown Comparison

The maximum COR drawdown since its inception was -71.01%, which is greater than USMV's maximum drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for COR and USMV.

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Drawdown Indicators

CORUSMVDifference

Max Drawdown

Largest peak-to-trough decline

-71.01%

-33.10%

-37.91%

Max Drawdown (1Y)

Largest decline over 1 year

-32.44%

-6.46%

-25.98%

Max Drawdown (3Y)

Largest decline over 3 years

-32.44%

-9.36%

-23.08%

Max Drawdown (5Y)

Largest decline over 5 years

-32.44%

-17.93%

-14.51%

Max Drawdown (10Y)

Largest decline over 10 years

-32.44%

-33.10%

+0.66%

Current Drawdown

Current decline from peak

-24.54%

-1.40%

-23.14%

Average Drawdown

Average peak-to-trough decline

-13.62%

-2.87%

-10.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.68%

1.95%

+9.73%

Volatility

COR vs. USMV - Volatility Comparison

Cencora Inc. (COR) has a higher volatility of 6.51% compared to iShares MSCI USA Min Vol Factor ETF (USMV) at 2.70%. This indicates that COR's price experiences larger fluctuations and is considered to be riskier than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CORUSMVDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.51%

2.70%

+3.81%

Volatility (6M)

Calculated over the trailing 6-month period

26.93%

6.02%

+20.91%

Volatility (1Y)

Calculated over the trailing 1-year period

30.20%

8.56%

+21.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.30%

12.36%

+9.94%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.48%

14.51%

+12.97%

Dividends

COR vs. USMV - Dividend Comparison

COR's dividend yield for the trailing twelve months is around 0.83%, less than USMV's 1.53% yield.

PositionTTM20252024202320222021202020192018201720162015
COR
Cencora Inc.		0.83%0.67%0.93%0.96%1.13%5.13%6.74%7.48%2.07%1.61%1.77%1.17%
USMV
iShares MSCI USA Min Vol Factor ETF		1.53%1.49%1.67%1.82%1.62%1.26%1.81%1.88%2.12%1.77%2.22%2.02%

Frequently Asked Questions

COR and USMV have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

COR has higher volatility (6.51%) compared to USMV (2.70%). In terms of maximum drawdown, COR dropped -71.01% vs USMV's -33.10%.

USMV currently has the higher Sharpe Ratio (0.47 vs -0.13), 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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