ITUB vs. COR
ITUB (Itaú Unibanco Holding S.A.) and COR (Cencora Inc.) are both stocks. ITUB operates in Banks - Regional (Financial Services), while COR operates in Medical Distribution (Healthcare). Over the past 10 years, ITUB returned 18.25%/yr vs 17.47%/yr for COR. At a 0.22 correlation, their price movements are largely independent.
Performance
ITUB vs. COR - Performance Comparison
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Returns By Period
In the year-to-date period, ITUB achieves a 12.88% return, which is significantly higher than COR's -16.27% return. Both investments have delivered pretty close results over the past 10 years, with ITUB having a 18.25% annualized return and COR not far behind at 17.47%.
ITUB
- 1D
- 1.01%
- 1M
- 1.83%
- YTD
- 12.88%
- 6M
- 13.72%
- 1Y
- 35.09%
- 3Y*
- 26.58%
- 5Y*
- 23.47%
- 10Y*
- 18.25%
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%
ITUB vs. COR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ITUB Itaú Unibanco Holding S.A. | 12.88% | 86.06% | -23.49% | 54.53% | 30.82% | -6.05% | -30.47% | 8.46% | 12.68% | 30.90% |
COR Cencora Inc. | -16.27% | 51.48% | 10.37% | 25.33% | 26.26% | 44.09% | 23.37% | 23.51% | -17.57% | 19.51% |
Correlation
The correlation between ITUB and COR is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2002 | 0.22 |
The correlation between ITUB and COR shifts across timeframes, from 0.02 (3 years) to 0.22 (all time), reflecting how their relationship changes across market environments.
Fundamentals
ITUB:
$88.83B
COR:
$55.03B
ITUB:
R$4.00
COR:
$13.07
ITUB:
10.19
COR:
21.55
ITUB:
1.01
COR:
10.24
ITUB:
1.21
COR:
0.17
ITUB:
2.08
COR:
16.20
ITUB:
R$384.43B
COR:
$328.68B
ITUB:
R$131.20B
COR:
$11.66B
ITUB:
R$54.38B
COR:
$3.64B
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Return for Risk
ITUB vs. COR — Risk / Return Rank
ITUB
COR
ITUB vs. COR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Itaú Unibanco Holding S.A. (ITUB) and Cencora Inc. (COR). 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.
| ITUB | COR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.01 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | -0.12 | +1.75 |
| Martin ratioReturn relative to average drawdown | 4.32 | -0.33 | +4.65 |
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Drawdowns
ITUB vs. COR - Drawdown Comparison
The maximum ITUB drawdown since its inception was -69.35%, roughly equal to the maximum COR drawdown of -71.01%. Use the drawdown chart below to compare losses from any high point for ITUB and COR.
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Drawdown Indicators
| ITUB | COR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.35% | -71.01% | +1.66% |
Max Drawdown (1Y)Largest decline over 1 year | -21.53% | -32.44% | +10.91% |
Max Drawdown (3Y)Largest decline over 3 years | -28.17% | -32.44% | +4.27% |
Max Drawdown (5Y)Largest decline over 5 years | -31.59% | -32.44% | +0.85% |
Max Drawdown (10Y)Largest decline over 10 years | -61.96% | -32.44% | -29.52% |
Current DrawdownCurrent decline from peak | -15.62% | -24.54% | +8.92% |
Average DrawdownAverage peak-to-trough decline | -21.01% | -13.62% | -7.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.14% | 11.68% | -3.54% |
Volatility
ITUB vs. COR - Volatility Comparison
Itaú Unibanco Holding S.A. (ITUB) has a higher volatility of 9.45% compared to Cencora Inc. (COR) at 6.51%. This indicates that ITUB's price experiences larger fluctuations and is considered to be riskier than COR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ITUB | COR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.45% | 6.51% | +2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 25.03% | 26.93% | -1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.11% | 30.20% | +0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.91% | 22.30% | +11.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.44% | 27.48% | +10.96% |
Dividends
ITUB vs. COR - Dividend Comparison
ITUB's dividend yield for the trailing twelve months is around 7.27%, more than COR's 0.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ITUB Itaú Unibanco Holding S.A. | 7.27% | 11.26% | 9.20% | 3.61% | 4.21% | 29.81% | 4.80% | 8.21% | 6.93% | 3.35% | 15.63% | 3.89% |
Financials
ITUB vs. COR - Financials Comparison
This section allows you to compare key financial metrics between Itaú Unibanco Holding S.A. and Cencora Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ITUB vs. COR - Profitability Comparison
ITUB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Itaú Unibanco Holding S.A. reported a gross profit of 32.47B and revenue of 94.91B. Therefore, the gross margin over that period was 34.2%.
COR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cencora Inc. reported a gross profit of 3.59B and revenue of 78.36B. Therefore, the gross margin over that period was 4.6%.
ITUB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Itaú Unibanco Holding S.A. reported an operating income of 12.47B and revenue of 94.91B, resulting in an operating margin of 13.1%.
COR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cencora Inc. reported an operating income of 1.14B and revenue of 78.36B, resulting in an operating margin of 1.5%.
ITUB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Itaú Unibanco Holding S.A. reported a net income of 11.42B and revenue of 94.91B, resulting in a net margin of 12.0%.
COR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cencora Inc. reported a net income of 1.64B and revenue of 78.36B, resulting in a net margin of 2.1%.
Frequently Asked Questions
ITUB and COR have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ITUB has higher volatility (9.45%) compared to COR (6.51%). In terms of maximum drawdown, ITUB dropped -69.35% vs COR's -71.01%.
ITUB currently has the higher Sharpe Ratio (1.13 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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