ABT vs DHR: Correlation
Measured on weekly returns over the past three years, Abbott Laboratories (ABT) and Danaher Corporation (DHR) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABT and DHR?
Across a 3-year window, the weekly returns of ABT and DHR correlate at 0.39, moderate. The relationship has been stable: the 1-year correlation (0.35) sits close to the 3-year figure. Stretching to 5 years gives 0.51, with an annualized covariance of 253.6 %².
Among the 29 assets we track against ABT, DHR ranks #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DHR outperformed by 19.2 percentage points (-13.2% for ABT against +6.0% for DHR). The rolling one-year correlation moved between 0.22 and 0.59 over the past three years, a moderate range.
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 DHR: side by side
| ABT (Abbott Laboratories) | DHR (Danaher Corporation) | |
|---|---|---|
| 1-year return | -13.2% | +6.0% |
| 5-year return | -2.3% | -23.8% |
| Volatility (ann.) | 22.0% | 29.5% |
| Beta vs S&P 500 | 0.16 | 0.82 |
| Max drawdown (3Y) | -39.6% | -41.7% |
| Market cap | $193.1B | $151.6B |
| P/E (trailing) | 37.0 | 38.4 |
| Dividend yield | 2.17% | 0.67% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | ABT | DHR |
|---|---|---|
| 2022 | -20.7% | -19.0% |
| 2023 | +2.3% | -1.2% |
| 2024 | +4.8% | -0.3% |
| 2025 | +12.9% | +0.4% |
| 2026 | -9.3% | -5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABT and DHR good diversifiers for each other?
Reasonably. At 0.39, ABT and DHR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ABT and DHR?
The ABT/DHR correlation stands at 0.39 on a 3-year window (1 year: 0.35, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is DHR a good diversifier for ABT?
Reasonably. At 0.39, ABT and DHR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abt-vs-dhr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abt-vs-dhr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ABT correlations · DHR correlations
