ABBV vs INCY: Correlation
Measured on weekly returns over the past three years, AbbVie (ABBV) and Incyte (INCY) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABBV and INCY?
Across a 3-year window, the weekly returns of ABBV and INCY correlate at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. Stretching to 5 years gives 0.41, with an annualized covariance of 369.7 %².
Among the 34 assets we track against ABBV, INCY ranks #11 by 3-year correlation. The last year tells two different stories: INCY led by 22.7 percentage points, +27.9% for ABBV against +50.6% for INCY. On a rolling one-year basis the correlation drifted between 0.13 and 0.49, 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 INCY: side by side
| ABBV (AbbVie) | INCY (Incyte) | |
|---|---|---|
| 1-year return | +27.9% | +50.6% |
| 5-year return | +157.2% | +68.0% |
| Volatility (ann.) | 26.4% | 33.1% |
| Beta vs S&P 500 | 0.08 | 0.45 |
| Max drawdown (3Y) | -20.7% | -33.8% |
| Market cap | $456.2B | $25.9B |
| P/E (trailing) | 74.0 | 16.3 |
| Dividend yield | 2.60% | 0.00% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | ABBV | INCY |
|---|---|---|
| 2022 | +24.0% | +9.4% |
| 2023 | -0.2% | -21.8% |
| 2024 | +18.9% | +10.0% |
| 2025 | +33.1% | +43.0% |
| 2026 | +15.7% | +29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABBV and INCY good diversifiers for each other?
Reasonably. At 0.42, ABBV and INCY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ABBV and INCY?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.40 over the last year and 0.41 over 5 years.
Is INCY a good diversifier for ABBV?
Reasonably. At 0.42, ABBV and INCY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abbv-vs-incy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abbv-vs-incy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABBV correlations · INCY correlations
