ABBV vs GRX: Correlation
AbbVie (ABBV) and The Gabelli Healthcare & Wellness Trust (GRX) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABBV and GRX?
Across a 3-year window, the weekly returns of ABBV and GRX correlate at 0.48, moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.48 over 3. Stretching to 5 years gives 0.47, with an annualized covariance of 192.5 %².
Among the 34 assets we track against ABBV, GRX ranks #6 by 3-year correlation. On 12-month performance ABBV holds a 13.6-point edge, +27.9% against +14.3%. Note the risk asymmetry: ABBV runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 GRX: side by side
| ABBV (AbbVie) | GRX (The Gabelli Healthcare & Wellness Trust) | |
|---|---|---|
| 1-year return | +27.9% | +14.3% |
| 5-year return | +157.2% | +1.5% |
| Volatility (ann.) | 26.4% | 15.1% |
| Beta vs S&P 500 | 0.08 | 0.46 |
| Max drawdown (3Y) | -20.7% | -17.9% |
| Market cap | $456.2B | – |
| P/E (trailing) | 74.0 | 67.0 |
| Dividend yield | 2.60% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ABBV | GRX |
|---|---|---|
| 2022 | +24.0% | -20.0% |
| 2023 | -0.2% | -3.3% |
| 2024 | +18.9% | +9.6% |
| 2025 | +33.1% | +7.0% |
| 2026 | +15.7% | +8.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABBV and GRX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ABBV and GRX?
As of 2026-08-27, the correlation of weekly returns between ABBV and GRX is 0.48 over 3 years, 0.51 over 1 year and 0.47 over 5 years.
Is GRX a good diversifier for ABBV?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ABBV correlations · GRX correlations
