ABT vs EMPD: Correlation
Abbott Laboratories (ABT) and Empery Digital Inc. (EMPD) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABT and EMPD?
On 3 years of weekly data the ABT/EMPD correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. The 5-year figure is -0.14, and annualized covariance runs at -648.6 %².
Within ABT's tracked universe of 29 assets, EMPD comes in at #24 by 3-year correlation. The last year tells two different stories: ABT led by 42.2 percentage points, -13.2% for ABT against -55.4% for EMPD. Note the risk asymmetry: EMPD runs 6.1 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 EMPD: side by side
| ABT (Abbott Laboratories) | EMPD (Empery Digital Inc.) | |
|---|---|---|
| 1-year return | -13.2% | -55.4% |
| 5-year return | -2.3% | -100.0% |
| Volatility (ann.) | 22.0% | 135.0% |
| Beta vs S&P 500 | 0.16 | 1.57 |
| Max drawdown (3Y) | -39.6% | -100.0% |
| Market cap | $193.1B | $0.1B |
| P/E (trailing) | 37.0 | 3.8 |
| Dividend yield | 2.17% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ABT | EMPD |
|---|---|---|
| 2022 | -20.7% | -90.6% |
| 2023 | +2.3% | -98.0% |
| 2024 | +4.8% | -99.9% |
| 2025 | +12.9% | -86.9% |
| 2026 | -9.3% | -31.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABT and EMPD good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between ABT and EMPD?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.26 over the last year and -0.14 over 5 years.
Is EMPD a good diversifier for ABT?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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-empd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abt-vs-empd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ABT correlations · EMPD correlations
