ABBV vs BTCS: Correlation
Measured on weekly returns over the past three years, AbbVie (ABBV) and BTCS Inc. (BTCS) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABBV and BTCS?
Over the past 3 years, ABBV and BTCS moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.01) runs above the 3-year figure (-0.33). Over 5 years the correlation is -0.25, and the annualized covariance of weekly returns is -1393.8 %².
BTCS is close to the least connected end of ABBV's tracked universe, ranking #32 of 34. The last year tells two different stories: ABBV led by 90.2 percentage points, +27.9% for ABBV against -62.3% for BTCS. One caveat on sizing: BTCS is 6.1 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 BTCS: side by side
| ABBV (AbbVie) | BTCS (BTCS Inc.) | |
|---|---|---|
| 1-year return | +27.9% | -62.3% |
| 5-year return | +157.2% | -79.2% |
| Volatility (ann.) | 26.4% | 161.4% |
| Beta vs S&P 500 | 0.08 | 0.34 |
| Max drawdown (3Y) | -20.7% | -84.9% |
| Market cap | $456.2B | $0.1B |
| P/E (trailing) | 74.0 | – |
| Dividend yield | 2.60% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ABBV | BTCS |
|---|---|---|
| 2022 | +24.0% | -79.6% |
| 2023 | -0.2% | +158.7% |
| 2024 | +18.9% | +51.5% |
| 2025 | +33.1% | +8.1% |
| 2026 | +15.7% | -39.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABBV and BTCS good diversifiers for each other?
Yes. With a correlation of -0.33, ABBV and BTCS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ABBV and BTCS?
The ABBV/BTCS correlation stands at -0.33 on a 3-year window (1 year: 0.01, 5 years: -0.25), computed from weekly returns as of 2026-08-27.
Is BTCS a good diversifier for ABBV?
Yes. With a correlation of -0.33, ABBV and BTCS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 mean?
On the −1 to +1 scale, -0.33 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: ABBV correlations · BTCS correlations
