NWE vs. COR
NWE (NorthWestern Corporation) and COR (Cencora Inc.) are both stocks. NWE operates in Utilities - Diversified (Utilities), while COR operates in Medical Distribution (Healthcare). Over the past 10 years, NWE returned 5.81%/yr vs 16.54%/yr for COR. At a 0.30 correlation, their price movements are largely independent.
Performance
NWE vs. COR - Performance Comparison
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Returns By Period
In the year-to-date period, NWE achieves a 8.24% return, which is significantly higher than COR's -21.63% return. Over the past 10 years, NWE has underperformed COR with an annualized return of 5.81%, while COR has yielded a comparatively higher 16.54% annualized return.
NWE
- 1D
- -0.92%
- 1M
- -3.85%
- YTD
- 8.24%
- 6M
- 5.73%
- 1Y
- 34.06%
- 3Y*
- 11.42%
- 5Y*
- 6.43%
- 10Y*
- 5.81%
COR
- 1D
- -0.45%
- 1M
- -12.98%
- YTD
- -21.63%
- 6M
- -21.06%
- 1Y
- -8.89%
- 3Y*
- 15.73%
- 5Y*
- 19.66%
- 10Y*
- 16.54%
NWE vs. COR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWE NorthWestern Corporation | 8.24% | 26.40% | 10.51% | -10.12% | 8.49% | 2.10% | -15.15% | 24.50% | 3.52% | 8.74% |
COR Cencora Inc. | -21.63% | 51.48% | 10.37% | 25.33% | 26.26% | 44.09% | 23.37% | 23.51% | -17.57% | 19.51% |
Correlation
The correlation between NWE and COR is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2007 | 0.30 |
Fundamentals
NWE:
$4.25B
COR:
$51.51B
NWE:
$2.72
COR:
$13.07
NWE:
25.42
COR:
20.17
NWE:
2.59
COR:
0.16
NWE:
1.46
COR:
15.16
NWE:
$1.64B
COR:
$328.68B
NWE:
$1.15B
COR:
$11.66B
NWE:
$510.42M
COR:
$3.64B
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Return for Risk
NWE vs. COR — Risk / Return Rank
NWE
COR
NWE vs. COR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NorthWestern Corporation (NWE) 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.
| NWE | COR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.90 | ||
| Sortino ratioReturn per unit of downside risk | +2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.97 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | -0.28 | +3.67 |
| Martin ratioReturn relative to average drawdown | 11.34 | -0.82 | +12.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NWE | COR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | -0.30 | +1.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.89 | -0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.60 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.54 | -0.15 |
Drawdowns
NWE vs. COR - Drawdown Comparison
The maximum NWE drawdown since its inception was -39.34%, smaller than the maximum COR drawdown of -71.01%. Use the drawdown chart below to compare losses from any high point for NWE and COR.
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Drawdown Indicators
| NWE | COR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.34% | -71.01% | +31.67% |
Max Drawdown (1Y)Largest decline over 1 year | -10.09% | -32.44% | +22.35% |
Max Drawdown (3Y)Largest decline over 3 years | -19.73% | -32.44% | +12.71% |
Max Drawdown (5Y)Largest decline over 5 years | -21.97% | -32.44% | +10.47% |
Max Drawdown (10Y)Largest decline over 10 years | -39.34% | -32.44% | -6.90% |
Current DrawdownCurrent decline from peak | -5.73% | -29.37% | +23.64% |
Average DrawdownAverage peak-to-trough decline | -10.77% | -13.62% | +2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 10.87% | -7.73% |
Volatility
NWE vs. COR - Volatility Comparison
The current volatility for NorthWestern Corporation (NWE) is 6.68%, while Cencora Inc. (COR) has a volatility of 20.43%. This indicates that NWE experiences smaller price fluctuations and is considered to be less risky 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
| NWE | COR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 20.43% | -13.75% |
Volatility (6M)Calculated over the trailing 6-month period | 16.06% | 27.13% | -11.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.39% | 30.05% | -8.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.05% | 22.30% | -1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.72% | 27.47% | -2.75% |
Dividends
NWE vs. COR - Dividend Comparison
NWE's dividend yield for the trailing twelve months is around 3.83%, more than COR's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COR Cencora Inc. | 0.89% | 0.67% | 0.93% | 0.96% | 1.13% | 5.13% | 6.74% | 7.48% | 2.07% | 1.61% | 1.77% | 1.17% |
NWE NorthWestern Corporation | 3.83% | 4.09% | 4.86% | 5.03% | 4.25% | 4.34% | 4.12% | 3.21% | 3.70% | 3.52% | 3.52% | 3.54% |
Financials
NWE vs. COR - Financials Comparison
This section allows you to compare key financial metrics between NorthWestern Corporation 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
NWE vs. COR - Profitability Comparison
NWE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NorthWestern Corporation reported a gross profit of 423.03M and revenue of 497.57M. Therefore, the gross margin over that period was 85.0%.
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%.
NWE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NorthWestern Corporation reported an operating income of 114.11M and revenue of 497.57M, resulting in an operating margin of 22.9%.
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%.
NWE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NorthWestern Corporation reported a net income of 63.46M and revenue of 497.57M, resulting in a net margin of 12.8%.
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
NWE and COR have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COR has higher volatility (20.43%) compared to NWE (6.68%). In terms of maximum drawdown, NWE dropped -39.34% vs COR's -71.01%.
NWE currently has the higher Sharpe Ratio (1.60 vs -0.30), 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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