ABBV vs BME: Correlation
AbbVie (ABBV) and Blackrock Health Sciences Trust (BME) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABBV and BME?
Across a 3-year window, the weekly returns of ABBV and BME correlate at 0.56, moderate. Recent behaviour matches the longer record: 0.62 over 1 year against 0.56 over 3. Stretching to 5 years gives 0.48, with an annualized covariance of 212.3 %².
In ABBV's tracked universe of 34 assets, BME sits right near the top at #2. Over the last 12 months BME came out ahead by 8.1 percentage points (+27.9% against +36.0%). One caveat on sizing: ABBV is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 BME: side by side
| ABBV (AbbVie) | BME (Blackrock Health Sciences Trust) | |
|---|---|---|
| 1-year return | +27.9% | +36.0% |
| 5-year return | +157.2% | +33.5% |
| Volatility (ann.) | 26.4% | 14.4% |
| Beta vs S&P 500 | 0.08 | 0.45 |
| Max drawdown (3Y) | -20.7% | -14.4% |
| Market cap | $456.2B | – |
| P/E (trailing) | 74.0 | 7.8 |
| Dividend yield | 2.60% | 6.80% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ABBV | BME |
|---|---|---|
| 2022 | +24.0% | -4.6% |
| 2023 | -0.2% | -1.1% |
| 2024 | +18.9% | -0.1% |
| 2025 | +33.1% | +17.9% |
| 2026 | +15.7% | +17.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABBV and BME good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ABBV and BME?
The ABBV/BME correlation stands at 0.56 on a 3-year window (1 year: 0.62, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is BME a good diversifier for ABBV?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
A reading of 0.56 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ABBV correlations · BME correlations
