ABT vs ALC: Correlation
How closely do Abbott Laboratories (ABT) and Alcon Inc. (ALC) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABT and ALC?
Over the past 3 years, ABT and ALC moved with a correlation of 0.40, which is moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.40 over 3. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 226.4 %².
By 3-year correlation, ALC places #10 of the 29 assets tracked against ABT. Twelve-month performance is nearly a tie, at -13.2% for ABT and -10.8% for ALC.
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.
ABT vs ALC: side by side
| ABT (Abbott Laboratories) | ALC (Alcon Inc.) | |
|---|---|---|
| 1-year return | -13.2% | -10.8% |
| 5-year return | -2.3% | -10.3% |
| Volatility (ann.) | 22.0% | 26.0% |
| Beta vs S&P 500 | 0.16 | 0.77 |
| Max drawdown (3Y) | -39.6% | -37.9% |
| Market cap | $193.1B | $34.9B |
| P/E (trailing) | 37.0 | 55.6 |
| Dividend yield | 2.17% | 0.49% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ABT | ALC |
|---|---|---|
| 2022 | -20.7% | -21.1% |
| 2023 | +2.3% | +14.3% |
| 2024 | +4.8% | +9.0% |
| 2025 | +12.9% | -6.8% |
| 2026 | -9.3% | -7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABT and ALC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ABT and ALC?
As of 2026-08-27, the correlation of weekly returns between ABT and ALC is 0.40 over 3 years, 0.45 over 1 year and 0.49 over 5 years.
Is ALC a good diversifier for ABT?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined 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
$ curl https://www.pairbook.io/api/v1/pairs/abt-vs-alc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abt-vs-alc/)
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Related comparisons
Hubs: ABT correlations · ALC correlations
