ABT vs COO: Correlation
How closely do Abbott Laboratories (ABT) and Cooper Companies (The) (COO) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABT and COO?
Across a 3-year window, the weekly returns of ABT and COO correlate at 0.42, moderate. The past 12 months show a tighter link (0.55) than the 3-year average (0.42). Stretching to 5 years gives 0.52, with an annualized covariance of 254.7 %².
By 3-year correlation, COO places #4 of the 29 assets tracked against ABT. Over the last 12 months COO came out ahead by 8.9 percentage points (-13.2% against -4.3%). Across three years, the rolling one-year figure varied moderately, from 0.14 to 0.61.
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 COO: side by side
| ABT (Abbott Laboratories) | COO (Cooper Companies (The)) | |
|---|---|---|
| 1-year return | -13.2% | -4.3% |
| 5-year return | -2.3% | -36.8% |
| Volatility (ann.) | 22.0% | 27.7% |
| Beta vs S&P 500 | 0.16 | 0.69 |
| Max drawdown (3Y) | -39.6% | -47.0% |
| Market cap | $193.1B | – |
| P/E (trailing) | 37.0 | 61.7 |
| Dividend yield | 2.17% | 0.00% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | ABT | COO |
|---|---|---|
| 2022 | -20.7% | -21.1% |
| 2023 | +2.3% | +14.5% |
| 2024 | +4.8% | -2.8% |
| 2025 | +12.9% | -10.8% |
| 2026 | -9.3% | -13.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABT and COO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ABT and COO?
The ABT/COO correlation stands at 0.42 on a 3-year window (1 year: 0.55, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is COO a good diversifier for ABT?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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
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Markdown for the live badge, attribution link included:
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ABT correlations · COO correlations
