ABBV vs PLAG: Correlation
How closely do AbbVie (ABBV) and Planet Green Holdings Corp. (PLAG) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABBV and PLAG?
On 3 years of weekly data the ABBV/PLAG correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.05 versus -0.25 over 3 years. The 5-year figure is -0.17, and annualized covariance runs at -1036.7 %².
Among the 34 assets we track against ABBV, PLAG ranks #28 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ABBV ahead by 87.0 points (+27.9% versus -59.1%). Note the risk asymmetry: PLAG runs 6.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 PLAG: side by side
| ABBV (AbbVie) | PLAG (Planet Green Holdings Corp.) | |
|---|---|---|
| 1-year return | +27.9% | -59.1% |
| 5-year return | +157.2% | -94.2% |
| Volatility (ann.) | 26.4% | 160.4% |
| Beta vs S&P 500 | 0.08 | -0.67 |
| Max drawdown (3Y) | -20.7% | -93.8% |
| Market cap | $456.2B | – |
| P/E (trailing) | 74.0 | – |
| Dividend yield | 2.60% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ABBV | PLAG |
|---|---|---|
| 2022 | +24.0% | -39.2% |
| 2023 | -0.2% | -21.0% |
| 2024 | +18.9% | -46.9% |
| 2025 | +33.1% | -15.8% |
| 2026 | +15.7% | -67.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABBV and PLAG good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ABBV and PLAG?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with 0.05 over the last year and -0.17 over 5 years.
Is PLAG a good diversifier for ABBV?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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-plag.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abbv-vs-plag/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABBV correlations · PLAG correlations
