ABBV vs JNJ: Correlation
How closely do AbbVie (ABBV) and Johnson & Johnson (JNJ) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABBV and JNJ?
On 3 years of weekly data the ABBV/JNJ correlation comes out at 0.54, moderate. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. The 5-year figure is 0.54, and annualized covariance runs at 265.9 %².
JNJ is one of the assets that tracks ABBV most closely: it ranks #3 out of the 34 assets we track against ABBV. The last year tells two different stories: JNJ led by 25.8 percentage points, +27.9% for ABBV against +53.7% for JNJ. On a rolling one-year basis the correlation drifted between 0.29 and 0.67, 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 JNJ: side by side
| ABBV (AbbVie) | JNJ (Johnson & Johnson) | |
|---|---|---|
| 1-year return | +27.9% | +53.7% |
| 5-year return | +157.2% | +76.0% |
| Volatility (ann.) | 26.4% | 18.5% |
| Beta vs S&P 500 | 0.08 | 0.05 |
| Max drawdown (3Y) | -20.7% | -14.4% |
| Market cap | $456.2B | $640.5B |
| P/E (trailing) | 74.0 | 30.9 |
| Dividend yield | 2.60% | 1.94% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | ABBV | JNJ |
|---|---|---|
| 2022 | +24.0% | +6.0% |
| 2023 | -0.2% | -8.6% |
| 2024 | +18.9% | -4.8% |
| 2025 | +33.1% | +47.5% |
| 2026 | +15.7% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABBV and JNJ good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ABBV and JNJ?
The ABBV/JNJ correlation stands at 0.54 on a 3-year window (1 year: 0.64, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is JNJ a good diversifier for ABBV?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
A reading of 0.54 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-jnj.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abbv-vs-jnj/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABBV correlations · JNJ correlations
