ABT vs CKX: Correlation
How closely do Abbott Laboratories (ABT) and CKX Lands, Inc. (CKX) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABT and CKX?
Over the past 3 years, ABT and CKX moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -121.4 %².
By 3-year correlation, CKX places #20 of the 29 assets tracked against ABT. The trailing year gives CKX the advantage: -13.2% versus -5.1%, a 8.1-point spread.
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 CKX: side by side
| ABT (Abbott Laboratories) | CKX (CKX Lands, Inc.) | |
|---|---|---|
| 1-year return | -13.2% | -5.1% |
| 5-year return | -2.3% | -7.1% |
| Volatility (ann.) | 22.0% | 25.7% |
| Beta vs S&P 500 | 0.16 | 0.01 |
| Max drawdown (3Y) | -39.6% | -37.0% |
| Market cap | $193.1B | – |
| P/E (trailing) | 37.0 | 7.5 |
| Dividend yield | 2.17% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ABT | CKX |
|---|---|---|
| 2022 | -20.7% | -11.2% |
| 2023 | +2.3% | +30.3% |
| 2024 | +4.8% | -2.8% |
| 2025 | +12.9% | -27.4% |
| 2026 | -9.3% | +16.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABT and CKX good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ABT and CKX?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.26 over the last year and -0.08 over 5 years.
Is CKX a good diversifier for ABT?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
A reading of -0.21 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-ckx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abt-vs-ckx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABT correlations · CKX correlations
