ABBV vs GILD: Correlation
How closely do AbbVie (ABBV) and Gilead Sciences (GILD) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABBV and GILD?
Over the past 3 years, ABBV and GILD moved with a correlation of 0.39, which is moderate. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 246.0 %².
By 3-year correlation, GILD places #16 of the 34 assets tracked against ABBV. The trailing year gives GILD the advantage: +27.9% versus +34.1%, a 6.2-point spread. On a rolling one-year basis the correlation drifted between 0.25 and 0.52, a moderate band.
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 GILD: side by side
| ABBV (AbbVie) | GILD (Gilead Sciences) | |
|---|---|---|
| 1-year return | +27.9% | +34.1% |
| 5-year return | +157.2% | +148.1% |
| Volatility (ann.) | 26.4% | 24.1% |
| Beta vs S&P 500 | 0.08 | 0.33 |
| Max drawdown (3Y) | -20.7% | -26.6% |
| Market cap | $456.2B | $184.6B |
| P/E (trailing) | 74.0 | – |
| Dividend yield | 2.60% | 2.17% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | ABBV | GILD |
|---|---|---|
| 2022 | +24.0% | +23.6% |
| 2023 | -0.2% | -2.0% |
| 2024 | +18.9% | +18.7% |
| 2025 | +33.1% | +36.6% |
| 2026 | +15.7% | +22.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABBV and GILD good diversifiers for each other?
Reasonably. At 0.39, ABBV and GILD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ABBV and GILD?
The ABBV/GILD correlation stands at 0.39 on a 3-year window (1 year: 0.35, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is GILD a good diversifier for ABBV?
Reasonably. At 0.39, ABBV and GILD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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.
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Related comparisons
Hubs: ABBV correlations · GILD correlations
