ABBV vs XBI: Correlation
How closely do AbbVie (ABBV) and SPDR S&P Biotech ETF (XBI) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABBV and XBI?
On 3 years of weekly data the ABBV/XBI correlation comes out at 0.44, moderate. The link has loosened recently: the 1-year correlation (0.22) runs below the 3-year figure (0.44). The 5-year figure is 0.34, and annualized covariance runs at 323.4 %².
By 3-year correlation, XBI places #9 of the 34 assets tracked against ABBV. The last year tells two different stories: XBI led by 59.3 percentage points, +27.9% for ABBV against +87.2% for XBI. The relationship is regime-dependent: the rolling one-year correlation swung between -0.01 and 0.66 over the past three years, so this pair behaves very differently depending on the market environment.
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 XBI: side by side
| ABBV (AbbVie) | XBI (SPDR S&P Biotech ETF) | |
|---|---|---|
| 1-year return | +27.9% | +87.2% |
| 5-year return | +157.2% | +28.6% |
| Volatility (ann.) | 26.4% | 27.7% |
| Beta vs S&P 500 | 0.08 | 1.09 |
| Max drawdown (3Y) | -20.7% | -33.0% |
| Market cap | $456.2B | – |
| P/E (trailing) | 74.0 | – |
| Dividend yield | 2.60% | – |
| Sector / category | Health Care | ETF · Thematic |
Year-by-year returns
| Year | ABBV | XBI |
|---|---|---|
| 2022 | +24.0% | -25.9% |
| 2023 | -0.2% | +7.6% |
| 2024 | +18.9% | +1.0% |
| 2025 | +33.1% | +35.9% |
| 2026 | +15.7% | +38.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABBV and XBI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ABBV and XBI?
As of 2026-08-27, the correlation of weekly returns between ABBV and XBI is 0.44 over 3 years, 0.22 over 1 year and 0.34 over 5 years.
Is XBI a good diversifier for ABBV?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 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-xbi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abbv-vs-xbi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABBV correlations · XBI correlations
