ABBV vs HNRG: Correlation
Measured on weekly returns over the past three years, AbbVie (ABBV) and Hallador Energy Company (HNRG) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABBV and HNRG?
On 3 years of weekly data the ABBV/HNRG correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.25) sits close to the 3-year figure. The 5-year figure is -0.14, and annualized covariance runs at -476.4 %².
By 3-year correlation, HNRG places #27 of the 34 assets tracked against ABBV. The last year tells two different stories: ABBV led by 25.9 percentage points, +27.9% for ABBV against +2.0% for HNRG. One caveat on sizing: HNRG is 2.7 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 HNRG: side by side
| ABBV (AbbVie) | HNRG (Hallador Energy Company) | |
|---|---|---|
| 1-year return | +27.9% | +2.0% |
| 5-year return | +157.2% | +629.4% |
| Volatility (ann.) | 26.4% | 72.5% |
| Beta vs S&P 500 | 0.08 | 1.09 |
| Max drawdown (3Y) | -20.7% | -71.1% |
| Market cap | $456.2B | $0.8B |
| P/E (trailing) | 74.0 | 831.5 |
| Dividend yield | 2.60% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ABBV | HNRG |
|---|---|---|
| 2022 | +24.0% | +306.1% |
| 2023 | -0.2% | -11.5% |
| 2024 | +18.9% | +29.5% |
| 2025 | +33.1% | +66.3% |
| 2026 | +15.7% | -12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABBV and HNRG good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between ABBV and HNRG?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.25 over the last year and -0.14 over 5 years.
Is HNRG a good diversifier for ABBV?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 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-hnrg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abbv-vs-hnrg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ABBV correlations · HNRG correlations
