ABBV vs HUBB: Correlation
Measured on weekly returns over the past three years, AbbVie (ABBV) and Hubbell Incorporated (HUBB) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABBV and HUBB?
On 3 years of weekly data the ABBV/HUBB correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.43 versus -0.21 over 3 years. The 5-year figure is -0.13, and annualized covariance runs at -153.1 %².
Within ABBV's tracked universe of 34 assets, HUBB comes in at #24 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ABBV ahead by 21.2 points (+27.9% versus +6.7%). On a rolling one-year basis the correlation drifted between -0.39 and -0.01, 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 HUBB: side by side
| ABBV (AbbVie) | HUBB (Hubbell Incorporated) | |
|---|---|---|
| 1-year return | +27.9% | +6.7% |
| 5-year return | +157.2% | +142.6% |
| Volatility (ann.) | 26.4% | 28.3% |
| Beta vs S&P 500 | 0.08 | 1.10 |
| Max drawdown (3Y) | -20.7% | -32.6% |
| Market cap | $456.2B | $24.8B |
| P/E (trailing) | 74.0 | 27.9 |
| Dividend yield | 2.60% | 1.18% |
| Sector / category | Health Care | Industrials |
Year-by-year returns
| Year | ABBV | HUBB |
|---|---|---|
| 2022 | +24.0% | +15.1% |
| 2023 | -0.2% | +42.4% |
| 2024 | +18.9% | +28.9% |
| 2025 | +33.1% | +7.4% |
| 2026 | +15.7% | +6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABBV and HUBB good diversifiers for each other?
Yes. With a correlation of -0.21, ABBV and HUBB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ABBV and HUBB?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.43 over the last year and -0.13 over 5 years.
Is HUBB a good diversifier for ABBV?
Yes. With a correlation of -0.21, ABBV and HUBB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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-hubb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abbv-vs-hubb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABBV correlations · HUBB correlations
