ABBV vs AZN: Correlation
AbbVie (ABBV) and AstraZeneca PLC (AZN) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABBV and AZN?
Over the past 3 years, ABBV and AZN moved with a correlation of 0.41, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.55 versus 0.41 over 3 years. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 272.3 %².
By 3-year correlation, AZN places #12 of the 34 assets tracked against ABBV. Their recent paths diverged sharply: over the last 12 months ABBV outperformed by 23.9 percentage points (+27.9% for ABBV against +4.0% for AZN).
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 AZN: side by side
| ABBV (AbbVie) | AZN (AstraZeneca PLC) | |
|---|---|---|
| 1-year return | +27.9% | +4.0% |
| 5-year return | +157.2% | +54.7% |
| Volatility (ann.) | 26.4% | 25.1% |
| Beta vs S&P 500 | 0.08 | 0.21 |
| Max drawdown (3Y) | -20.7% | -27.9% |
| Market cap | $456.2B | $255.2B |
| P/E (trailing) | 74.0 | 24.9 |
| Dividend yield | 2.60% | 1.94% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ABBV | AZN |
|---|---|---|
| 2022 | +24.0% | +19.2% |
| 2023 | -0.2% | +1.4% |
| 2024 | +18.9% | -0.6% |
| 2025 | +33.1% | +43.3% |
| 2026 | +15.7% | -9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABBV and AZN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ABBV and AZN?
As of 2026-08-27, the correlation of weekly returns between ABBV and AZN is 0.41 over 3 years, 0.55 over 1 year and 0.42 over 5 years.
Is AZN a good diversifier for ABBV?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abbv-vs-azn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abbv-vs-azn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABBV correlations · AZN correlations
