ABBV vs THW: Correlation
Measured on weekly returns over the past three years, AbbVie (ABBV) and abrdn World Healthcare Fund Shares of Beneficial Interest (THW) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABBV and THW?
Over the past 3 years, ABBV and THW moved with a correlation of 0.40, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.40 over 3 years. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 225.7 %².
Within ABBV's tracked universe of 34 assets, THW comes in at #15 by 3-year correlation. On 12-month performance THW holds a 5.8-point edge, +27.9% against +33.7%.
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 THW: side by side
| ABBV (AbbVie) | THW (abrdn World Healthcare Fund Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +27.9% | +33.7% |
| 5-year return | +157.2% | +40.2% |
| Volatility (ann.) | 26.4% | 21.4% |
| Beta vs S&P 500 | 0.08 | 0.75 |
| Max drawdown (3Y) | -20.7% | -25.4% |
| Market cap | $456.2B | $0.6B |
| P/E (trailing) | 74.0 | 6.6 |
| Dividend yield | 2.60% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ABBV | THW |
|---|---|---|
| 2022 | +24.0% | -1.2% |
| 2023 | -0.2% | -11.5% |
| 2024 | +18.9% | +5.4% |
| 2025 | +33.1% | +31.1% |
| 2026 | +15.7% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABBV and THW good diversifiers for each other?
Reasonably. At 0.40, ABBV and THW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ABBV and THW?
As of 2026-08-27, the correlation of weekly returns between ABBV and THW is 0.40 over 3 years, 0.24 over 1 year and 0.39 over 5 years.
Is THW a good diversifier for ABBV?
Reasonably. At 0.40, ABBV and THW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 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
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Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: ABBV correlations · THW correlations
