ABT vs CVV: Correlation
Abbott Laboratories (ABT) and CVD Equipment Corporation (CVV) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABT and CVV?
Across a 3-year window, the weekly returns of ABT and CVV correlate at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.28 lands near the 3-year figure. Stretching to 5 years gives -0.12, with an annualized covariance of -405.6 %².
Out of 29 assets tracked against ABT, CVV lands near the bottom at #28. The last year tells two different stories: CVV led by 167.3 percentage points, -13.2% for ABT against +154.1% for CVV. One caveat on sizing: CVV is 3.6 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 CVV: side by side
| ABT (Abbott Laboratories) | CVV (CVD Equipment Corporation) | |
|---|---|---|
| 1-year return | -13.2% | +154.1% |
| 5-year return | -2.3% | +58.5% |
| Volatility (ann.) | 22.0% | 78.8% |
| Beta vs S&P 500 | 0.16 | 0.89 |
| Max drawdown (3Y) | -39.6% | -67.7% |
| Market cap | $193.1B | $0.1B |
| P/E (trailing) | 37.0 | – |
| Dividend yield | 2.17% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ABT | CVV |
|---|---|---|
| 2022 | -20.7% | +33.4% |
| 2023 | +2.3% | -19.6% |
| 2024 | +4.8% | -0.7% |
| 2025 | +12.9% | -29.8% |
| 2026 | -9.3% | +138.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABT and CVV good diversifiers for each other?
Yes. With a correlation of -0.23, ABT and CVV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ABT and CVV?
The ABT/CVV correlation stands at -0.23 on a 3-year window (1 year: -0.28, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is CVV a good diversifier for ABT?
Yes. With a correlation of -0.23, ABT and CVV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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-cvv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abt-vs-cvv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABT correlations · CVV correlations
