ABBV vs PULM: Correlation
AbbVie (ABBV) and Pulmatrix, Inc. (PULM) show a negative relationship: their 3-year correlation of weekly returns is -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABBV and PULM?
Across a 3-year window, the weekly returns of ABBV and PULM correlate at -0.32, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.07 versus -0.32 over 3 years. Stretching to 5 years gives -0.24, with an annualized covariance of -1214.0 %².
Out of 34 assets tracked against ABBV, PULM lands near the bottom at #31. The last year tells two different stories: ABBV led by 96.6 percentage points, +27.9% for ABBV against -68.7% for PULM. One caveat on sizing: PULM is 5.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 PULM: side by side
| ABBV (AbbVie) | PULM (Pulmatrix, Inc.) | |
|---|---|---|
| 1-year return | +27.9% | -68.7% |
| 5-year return | +157.2% | -90.6% |
| Volatility (ann.) | 26.4% | 144.8% |
| Beta vs S&P 500 | 0.08 | -0.18 |
| Max drawdown (3Y) | -20.7% | -88.1% |
| 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 | PULM |
|---|---|---|
| 2022 | +24.0% | -55.7% |
| 2023 | -0.2% | -52.1% |
| 2024 | +18.9% | +275.3% |
| 2025 | +33.1% | -68.1% |
| 2026 | +15.7% | -31.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABBV and PULM good diversifiers for each other?
Yes. With a correlation of -0.32, ABBV and PULM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ABBV and PULM?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.07 over the last year and -0.24 over 5 years.
Is PULM a good diversifier for ABBV?
Yes. With a correlation of -0.32, ABBV and PULM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 mean?
On the −1 to +1 scale, -0.32 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-pulm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abbv-vs-pulm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABBV correlations · PULM correlations
