ABBV vs AMGN: Correlation
Measured on weekly returns over the past three years, AbbVie (ABBV) and Amgen (AMGN) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABBV and AMGN?
Across a 3-year window, the weekly returns of ABBV and AMGN correlate at 0.49, moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.49 over 3. Stretching to 5 years gives 0.50, with an annualized covariance of 337.8 %².
By 3-year correlation, AMGN places #5 of the 34 assets tracked against ABBV. Correlation aside, the last 12 months split them widely, with AMGN ahead by 28.1 points (+27.9% versus +56.0%). On a rolling one-year basis the correlation drifted between 0.29 and 0.66, a moderate band.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ABBV vs AMGN: side by side
| ABBV (AbbVie) | AMGN (Amgen) | |
|---|---|---|
| 1-year return | +27.9% | +56.0% |
| 5-year return | +157.2% | +127.8% |
| Volatility (ann.) | 26.4% | 26.3% |
| Beta vs S&P 500 | 0.08 | 0.34 |
| Max drawdown (3Y) | -20.7% | -22.7% |
| Market cap | $456.2B | $236.3B |
| P/E (trailing) | 74.0 | 27.3 |
| Dividend yield | 2.60% | 2.23% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | ABBV | AMGN |
|---|---|---|
| 2022 | +24.0% | +20.4% |
| 2023 | -0.2% | +13.5% |
| 2024 | +18.9% | -6.8% |
| 2025 | +33.1% | +29.7% |
| 2026 | +15.7% | +36.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABBV and AMGN good diversifiers for each other?
Reasonably. At 0.49, ABBV and AMGN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ABBV and AMGN?
The ABBV/AMGN correlation stands at 0.49 on a 3-year window (1 year: 0.43, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is AMGN a good diversifier for ABBV?
Reasonably. At 0.49, ABBV and AMGN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abbv-vs-amgn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abbv-vs-amgn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABBV correlations · AMGN correlations
