ABBV vs BTCT: Correlation
AbbVie (ABBV) and BTC Digital Ltd. (BTCT) show a negative relationship: their 3-year correlation of weekly returns is -0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABBV and BTCT?
On 3 years of weekly data the ABBV/BTCT correlation comes out at -0.38, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.02 versus -0.38 over 3 years. The 5-year figure is -0.29, and annualized covariance runs at -5752.3 %².
Out of 34 assets tracked against ABBV, BTCT lands near the bottom at #33. The last year tells two different stories: ABBV led by 48.1 percentage points, +27.9% for ABBV against -20.2% for BTCT. One caveat on sizing: BTCT is 21.7 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 BTCT: side by side
| ABBV (AbbVie) | BTCT (BTC Digital Ltd.) | |
|---|---|---|
| 1-year return | +27.9% | -20.2% |
| 5-year return | +157.2% | -99.5% |
| Volatility (ann.) | 26.4% | 571.6% |
| Beta vs S&P 500 | 0.08 | -2.21 |
| Max drawdown (3Y) | -20.7% | -97.8% |
| Market cap | $456.2B | – |
| P/E (trailing) | 74.0 | – |
| Dividend yield | 2.60% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ABBV | BTCT |
|---|---|---|
| 2022 | +24.0% | -97.6% |
| 2023 | -0.2% | +33.9% |
| 2024 | +18.9% | -0.8% |
| 2025 | +33.1% | -72.8% |
| 2026 | +15.7% | +61.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABBV and BTCT good diversifiers for each other?
Yes. With a correlation of -0.38, ABBV and BTCT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ABBV and BTCT?
As of 2026-08-27, the correlation of weekly returns between ABBV and BTCT is -0.38 over 3 years, 0.02 over 1 year and -0.29 over 5 years.
Is BTCT a good diversifier for ABBV?
Yes. With a correlation of -0.38, ABBV and BTCT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.38 mean?
On the −1 to +1 scale, -0.38 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abbv-vs-btct.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abbv-vs-btct/)
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Related comparisons
Hubs: ABBV correlations · BTCT correlations
