ABBV vs HQH: Correlation
AbbVie (ABBV) and abrdn Healthcare Investors Shares of Beneficial Interest (HQH) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABBV and HQH?
Over the past 3 years, ABBV and HQH moved with a correlation of 0.41, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.22 versus 0.41 over 3 years. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 234.8 %².
By 3-year correlation, HQH places #13 of the 34 assets tracked against ABBV. The last year tells two different stories: HQH led by 31.9 percentage points, +27.9% for ABBV against +59.8% for HQH.
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 HQH: side by side
| ABBV (AbbVie) | HQH (abrdn Healthcare Investors Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +27.9% | +59.8% |
| 5-year return | +157.2% | +51.1% |
| Volatility (ann.) | 26.4% | 21.8% |
| Beta vs S&P 500 | 0.08 | 0.83 |
| Max drawdown (3Y) | -20.7% | -21.1% |
| Market cap | $456.2B | – |
| P/E (trailing) | 74.0 | 5.2 |
| Dividend yield | 2.60% | 9.62% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ABBV | HQH |
|---|---|---|
| 2022 | +24.0% | -17.3% |
| 2023 | -0.2% | +1.2% |
| 2024 | +18.9% | +10.2% |
| 2025 | +33.1% | +34.1% |
| 2026 | +15.7% | +33.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABBV and HQH good diversifiers for each other?
Reasonably. At 0.41, ABBV and HQH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ABBV and HQH?
As of 2026-08-27, the correlation of weekly returns between ABBV and HQH is 0.41 over 3 years, 0.22 over 1 year and 0.38 over 5 years.
Is HQH a good diversifier for ABBV?
Reasonably. At 0.41, ABBV and HQH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abbv-vs-hqh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abbv-vs-hqh/)
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Related comparisons
Hubs: ABBV correlations · HQH correlations
