ABBV vs BMY: Correlation
Measured on weekly returns over the past three years, AbbVie (ABBV) and Bristol Myers Squibb (BMY) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABBV and BMY?
On 3 years of weekly data the ABBV/BMY correlation comes out at 0.38, moderate. Recent behaviour matches the longer record: 0.29 over 1 year against 0.38 over 3. The 5-year figure is 0.41, and annualized covariance runs at 279.6 %².
Among the 34 assets we track against ABBV, BMY ranks #17 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BMY ahead by 19.4 points (+27.9% versus +47.3%). This link changes with the market regime, having swung between 0.11 and 0.64 on a rolling one-year basis.
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 BMY: side by side
| ABBV (AbbVie) | BMY (Bristol Myers Squibb) | |
|---|---|---|
| 1-year return | +27.9% | +47.3% |
| 5-year return | +157.2% | +22.3% |
| Volatility (ann.) | 26.4% | 27.8% |
| Beta vs S&P 500 | 0.08 | 0.20 |
| Max drawdown (3Y) | -20.7% | -34.1% |
| Market cap | $456.2B | $136.8B |
| P/E (trailing) | 74.0 | 14.9 |
| Dividend yield | 2.60% | 3.71% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | ABBV | BMY |
|---|---|---|
| 2022 | +24.0% | +19.0% |
| 2023 | -0.2% | -26.1% |
| 2024 | +18.9% | +15.8% |
| 2025 | +33.1% | +0.1% |
| 2026 | +15.7% | +28.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABBV and BMY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ABBV and BMY?
As of 2026-08-27, the correlation of weekly returns between ABBV and BMY is 0.38 over 3 years, 0.29 over 1 year and 0.41 over 5 years.
Is BMY a good diversifier for ABBV?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 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
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[](https://www.pairbook.io/pair/abbv-vs-bmy/)
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Related comparisons
Hubs: ABBV correlations · BMY correlations
