ABT vs AMD: Correlation
How closely do Abbott Laboratories (ABT) and Advanced Micro Devices (AMD) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABT and AMD?
On 3 years of weekly data the ABT/AMD correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.51) than the 3-year average (-0.18). The 5-year figure is -0.02, and annualized covariance runs at -224.9 %².
Among the 29 assets we track against ABT, AMD ranks #18 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AMD outperformed by 198.4 percentage points (-13.2% for ABT against +185.2% for AMD). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.52 to 0.26. One caveat on sizing: AMD is 2.5 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.
ABT vs AMD: side by side
| ABT (Abbott Laboratories) | AMD (Advanced Micro Devices) | |
|---|---|---|
| 1-year return | -13.2% | +185.2% |
| 5-year return | -2.3% | +328.2% |
| Volatility (ann.) | 22.0% | 55.7% |
| Beta vs S&P 500 | 0.16 | 2.04 |
| Max drawdown (3Y) | -39.6% | -63.0% |
| Market cap | $193.1B | $778.2B |
| P/E (trailing) | 37.0 | 121.9 |
| Dividend yield | 2.17% | 0.00% |
| Sector / category | Health Care | Information Technology |
Year-by-year returns
| Year | ABT | AMD |
|---|---|---|
| 2022 | -20.7% | -55.0% |
| 2023 | +2.3% | +127.6% |
| 2024 | +4.8% | -18.1% |
| 2025 | +12.9% | +77.3% |
| 2026 | -9.3% | +122.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABT and AMD good diversifiers for each other?
Yes. With a correlation of -0.18, ABT and AMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ABT and AMD?
As of 2026-08-27, the correlation of weekly returns between ABT and AMD is -0.18 over 3 years, -0.51 over 1 year and -0.02 over 5 years.
Is AMD a good diversifier for ABT?
Yes. With a correlation of -0.18, ABT and AMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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/abt-vs-amd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abt-vs-amd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABT correlations · AMD correlations
