ABBV vs VELO: Correlation
Measured on weekly returns over the past three years, AbbVie (ABBV) and Velo3D, Inc. (VELO) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABBV and VELO?
Across a 3-year window, the weekly returns of ABBV and VELO correlate at -0.26, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.34 lands near the 3-year figure. Stretching to 5 years gives -0.19, with an annualized covariance of -1702.9 %².
By 3-year correlation, VELO places #29 of the 34 assets tracked against ABBV. The last year tells two different stories: VELO led by 154.0 percentage points, +27.9% for ABBV against +181.9% for VELO. Risk is not evenly split, since VELO carries 9.4 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 VELO: side by side
| ABBV (AbbVie) | VELO (Velo3D, Inc.) | |
|---|---|---|
| 1-year return | +27.9% | +181.9% |
| 5-year return | +157.2% | -99.8% |
| Volatility (ann.) | 26.4% | 249.0% |
| Beta vs S&P 500 | 0.08 | -2.66 |
| Max drawdown (3Y) | -20.7% | -99.8% |
| Market cap | $456.2B | $0.4B |
| P/E (trailing) | 74.0 | – |
| Dividend yield | 2.60% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ABBV | VELO |
|---|---|---|
| 2022 | +24.0% | -77.1% |
| 2023 | -0.2% | -77.8% |
| 2024 | +18.9% | -95.2% |
| 2025 | +33.1% | +35.7% |
| 2026 | +15.7% | -6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABBV and VELO good diversifiers for each other?
Yes. With a correlation of -0.26, ABBV and VELO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ABBV and VELO?
As of 2026-08-27, the correlation of weekly returns between ABBV and VELO is -0.26 over 3 years, -0.34 over 1 year and -0.19 over 5 years.
Is VELO a good diversifier for ABBV?
Yes. With a correlation of -0.26, ABBV and VELO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 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-velo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abbv-vs-velo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABBV correlations · VELO correlations
