ABBV vs CPB: Correlation
Measured on weekly returns over the past three years, AbbVie (ABBV) and The Campbell's Company (CPB) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABBV and CPB?
On 3 years of weekly data the ABBV/CPB correlation comes out at 0.40, moderate. The link has tightened recently: the 1-year correlation (0.58) runs above the 3-year figure (0.40). The 5-year figure is 0.37, and annualized covariance runs at 260.9 %².
Within ABBV's tracked universe of 34 assets, CPB comes in at #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ABBV ahead by 50.7 points (+27.9% versus -22.8%).
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 CPB: side by side
| ABBV (AbbVie) | CPB (The Campbell's Company) | |
|---|---|---|
| 1-year return | +27.9% | -22.8% |
| 5-year return | +157.2% | -30.8% |
| Volatility (ann.) | 26.4% | 24.5% |
| Beta vs S&P 500 | 0.08 | 0.07 |
| Max drawdown (3Y) | -20.7% | -58.1% |
| Market cap | $456.2B | – |
| P/E (trailing) | 74.0 | 11.4 |
| Dividend yield | 2.60% | 6.72% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ABBV | CPB |
|---|---|---|
| 2022 | +24.0% | +34.8% |
| 2023 | -0.2% | -21.5% |
| 2024 | +18.9% | +0.1% |
| 2025 | +33.1% | -30.5% |
| 2026 | +15.7% | -12.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABBV and CPB good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ABBV and CPB?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.58 over the last year and 0.37 over 5 years.
Is CPB a good diversifier for ABBV?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 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
$ curl https://www.pairbook.io/api/v1/pairs/abbv-vs-cpb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abbv-vs-cpb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABBV correlations · CPB correlations
