ABBV vs LLY: Correlation
Measured on weekly returns over the past three years, AbbVie (ABBV) and Lilly (Eli) (LLY) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABBV and LLY?
Across a 3-year window, the weekly returns of ABBV and LLY correlate at 0.37, moderate. The link has tightened recently: the 1-year correlation (0.64) runs above the 3-year figure (0.37). Stretching to 5 years gives 0.38, with an annualized covariance of 353.7 %².
Within ABBV's tracked universe of 34 assets, LLY comes in at #18 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LLY outperformed by 33.3 percentage points (+27.9% for ABBV against +61.2% for LLY). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.14 to 0.63.
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 LLY: side by side
| ABBV (AbbVie) | LLY (Lilly (Eli)) | |
|---|---|---|
| 1-year return | +27.9% | +61.2% |
| 5-year return | +157.2% | +369.2% |
| Volatility (ann.) | 26.4% | 36.6% |
| Beta vs S&P 500 | 0.08 | 0.57 |
| Max drawdown (3Y) | -20.7% | -34.5% |
| Market cap | $456.2B | $1,048.8B |
| P/E (trailing) | 74.0 | 40.0 |
| Dividend yield | 2.60% | 0.54% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | ABBV | LLY |
|---|---|---|
| 2022 | +24.0% | +34.3% |
| 2023 | -0.2% | +60.9% |
| 2024 | +18.9% | +33.3% |
| 2025 | +33.1% | +40.2% |
| 2026 | +15.7% | +10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABBV and LLY good diversifiers for each other?
Reasonably. At 0.37, ABBV and LLY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ABBV and LLY?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.64 over the last year and 0.38 over 5 years.
Is LLY a good diversifier for ABBV?
Reasonably. At 0.37, ABBV and LLY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 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-lly.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abbv-vs-lly/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABBV correlations · LLY correlations
