ABBV vs BE: Correlation
AbbVie (ABBV) and Bloom Energy Corporation (BE) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABBV and BE?
Across a 3-year window, the weekly returns of ABBV and BE correlate at -0.25, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.31) sits close to the 3-year figure. Stretching to 5 years gives -0.15, with an annualized covariance of -617.0 %².
By 3-year correlation, BE places #26 of the 34 assets tracked against ABBV. The last year tells two different stories: BE led by 300.5 percentage points, +27.9% for ABBV against +328.4% for BE. Risk is not evenly split, since BE carries 3.6 times the volatility of the other side.
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 BE: side by side
| ABBV (AbbVie) | BE (Bloom Energy Corporation) | |
|---|---|---|
| 1-year return | +27.9% | +328.4% |
| 5-year return | +157.2% | +914.6% |
| Volatility (ann.) | 26.4% | 94.3% |
| Beta vs S&P 500 | 0.08 | 2.56 |
| Max drawdown (3Y) | -20.7% | -52.7% |
| Market cap | $456.2B | $64.2B |
| P/E (trailing) | 74.0 | 286.6 |
| Dividend yield | 2.60% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ABBV | BE |
|---|---|---|
| 2022 | +24.0% | -12.8% |
| 2023 | -0.2% | -22.6% |
| 2024 | +18.9% | +50.1% |
| 2025 | +33.1% | +291.2% |
| 2026 | +15.7% | +150.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABBV and BE good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ABBV and BE?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.31 over the last year and -0.15 over 5 years.
Is BE a good diversifier for ABBV?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 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-be.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abbv-vs-be/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ABBV correlations · BE correlations
