Core Data is heavily optimized with regards to caching, lazy-loading and memory management.
If you use it (with the SQLite store type), especially in conjunction with NSFetchedResultsController, you should get better performance than you could get with SQLite on your own.
Apple has worked hard to make Core Data perform well on the iPhone. My application switched from SQLite w/ FMDB to Core Data and it is now faster and more stable with less code.
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