ABBV vs IBB: Correlation
How closely do AbbVie (ABBV) and iShares Biotechnology ETF (IBB) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABBV and IBB?
Across a 3-year window, the weekly returns of ABBV and IBB correlate at 0.53, moderate. The past 12 months show a weaker link (0.40) than the 3-year average (0.53). Stretching to 5 years gives 0.46, with an annualized covariance of 291.3 %².
Among the 34 assets we track against ABBV, IBB ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IBB ahead by 27.5 points (+27.9% versus +55.4%). On a rolling one-year basis the correlation drifted between 0.24 and 0.70, 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 IBB: side by side
| ABBV (AbbVie) | IBB (iShares Biotechnology ETF) | |
|---|---|---|
| 1-year return | +27.9% | +55.4% |
| 5-year return | +157.2% | +26.6% |
| Volatility (ann.) | 26.4% | 20.7% |
| Beta vs S&P 500 | 0.08 | 0.81 |
| Max drawdown (3Y) | -20.7% | -24.9% |
| Market cap | $456.2B | – |
| P/E (trailing) | 74.0 | – |
| Dividend yield | 2.60% | 0.22% |
| Expense ratio | – | 0.44% |
| Assets under management | – | $9.2B |
| Sector / category | Health Care | ETF · Thematic |
IBB, iShares's Health fund, carries $9.2B under management, 235 holdings, a 0.44% expense ratio, a 0.22% trailing dividend yield.
Year-by-year returns
| Year | ABBV | IBB |
|---|---|---|
| 2022 | +24.0% | -13.7% |
| 2023 | -0.2% | +3.8% |
| 2024 | +18.9% | -2.4% |
| 2025 | +33.1% | +28.0% |
| 2026 | +15.7% | +27.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABBV and IBB good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ABBV and IBB?
The ABBV/IBB correlation stands at 0.53 on a 3-year window (1 year: 0.40, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is IBB a good diversifier for ABBV?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
A reading of 0.53 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-ibb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abbv-vs-ibb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABBV correlations · IBB correlations
