ABBV vs CPT: Correlation
How closely do AbbVie (ABBV) and Camden Property Trust (CPT) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABBV and CPT?
Across a 3-year window, the weekly returns of ABBV and CPT correlate at 0.43, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.57 versus 0.43 over 3 years. Stretching to 5 years gives 0.35, with an annualized covariance of 241.4 %².
Within ABBV's tracked universe of 34 assets, CPT comes in at #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ABBV ahead by 28.3 points (+27.9% versus -0.4%). This link changes with the market regime, having swung between 0.02 and 0.61 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 CPT: side by side
| ABBV (AbbVie) | CPT (Camden Property Trust) | |
|---|---|---|
| 1-year return | +27.9% | -0.4% |
| 5-year return | +157.2% | -15.4% |
| Volatility (ann.) | 26.4% | 21.3% |
| Beta vs S&P 500 | 0.08 | 0.55 |
| Max drawdown (3Y) | -20.7% | -21.7% |
| Market cap | $456.2B | $12.2B |
| P/E (trailing) | 74.0 | 35.5 |
| Dividend yield | 2.60% | 3.92% |
| Sector / category | Health Care | Real Estate |
Year-by-year returns
| Year | ABBV | CPT |
|---|---|---|
| 2022 | +24.0% | -35.6% |
| 2023 | -0.2% | -7.6% |
| 2024 | +18.9% | +21.3% |
| 2025 | +33.1% | -1.5% |
| 2026 | +15.7% | -2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABBV and CPT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ABBV and CPT?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.57 over the last year and 0.35 over 5 years.
Is CPT a good diversifier for ABBV?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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-cpt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abbv-vs-cpt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ABBV correlations · CPT correlations
