ABT vs CRVS: Correlation
Measured on weekly returns over the past three years, Abbott Laboratories (ABT) and Corvus Pharmaceuticals, Inc. (CRVS) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABT and CRVS?
Over the past 3 years, ABT and CRVS moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.46 versus -0.23 over 3 years. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -742.8 %².
Among the 29 assets we track against ABT, CRVS sits near the bottom by co-movement, at rank #27. Correlation aside, the last 12 months split them widely, with CRVS ahead by 180.8 points (-13.2% versus +167.6%). Note the risk asymmetry: CRVS runs 6.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 CRVS: side by side
| ABT (Abbott Laboratories) | CRVS (Corvus Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | -13.2% | +167.6% |
| 5-year return | -2.3% | +581.5% |
| Volatility (ann.) | 22.0% | 144.6% |
| Beta vs S&P 500 | 0.16 | 1.20 |
| Max drawdown (3Y) | -39.6% | -70.5% |
| Market cap | $193.1B | $1.2B |
| P/E (trailing) | 37.0 | – |
| Dividend yield | 2.17% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ABT | CRVS |
|---|---|---|
| 2022 | -20.7% | -64.7% |
| 2023 | +2.3% | +107.1% |
| 2024 | +4.8% | +204.0% |
| 2025 | +12.9% | +43.9% |
| 2026 | -9.3% | +91.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABT and CRVS good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ABT and CRVS?
As of 2026-08-27, the correlation of weekly returns between ABT and CRVS is -0.23 over 3 years, -0.46 over 1 year and -0.11 over 5 years.
Is CRVS a good diversifier for ABT?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
A reading of -0.23 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-crvs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abt-vs-crvs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABT correlations · CRVS correlations
