ABBV vs MVST: Correlation
Measured on weekly returns over the past three years, AbbVie (ABBV) and Microvast Holdings, Inc. (MVST) carry a correlation of -0.39, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABBV and MVST?
On 3 years of weekly data the ABBV/MVST correlation comes out at -0.39, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.17) than the 3-year average (-0.39). The 5-year figure is -0.29, and annualized covariance runs at -2138.3 %².
MVST is close to the least connected end of ABBV's tracked universe, ranking #34 of 34. Their recent paths diverged sharply: over the last 12 months ABBV outperformed by 99.1 percentage points (+27.9% for ABBV against -71.2% for MVST). Risk is not evenly split, since MVST carries 7.9 times the volatility of the other side.
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 MVST: side by side
| ABBV (AbbVie) | MVST (Microvast Holdings, Inc.) | |
|---|---|---|
| 1-year return | +27.9% | -71.2% |
| 5-year return | +157.2% | -91.6% |
| Volatility (ann.) | 26.4% | 209.2% |
| Beta vs S&P 500 | 0.08 | 0.26 |
| Max drawdown (3Y) | -20.7% | -92.8% |
| Market cap | $456.2B | $0.3B |
| P/E (trailing) | 74.0 | – |
| Dividend yield | 2.60% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ABBV | MVST |
|---|---|---|
| 2022 | +24.0% | -73.0% |
| 2023 | -0.2% | -8.5% |
| 2024 | +18.9% | +47.9% |
| 2025 | +33.1% | +35.3% |
| 2026 | +15.7% | -72.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABBV and MVST good diversifiers for each other?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
FAQ
What is the correlation between ABBV and MVST?
Using weekly returns as of 2026-08-27: -0.39 over 3 years, with -0.17 over the last year and -0.29 over 5 years.
Is MVST a good diversifier for ABBV?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
What does a correlation of -0.39 mean?
On the −1 to +1 scale, -0.39 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-mvst.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abbv-vs-mvst/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABBV correlations · MVST correlations
