ABT vs JNJ: Correlation
Abbott Laboratories (ABT) and Johnson & Johnson (JNJ) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABT and JNJ?
Across a 3-year window, the weekly returns of ABT and JNJ correlate at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.39 lands near the 3-year figure. Stretching to 5 years gives 0.41, with an annualized covariance of 166.0 %².
Within ABT's tracked universe of 29 assets, JNJ comes in at #7 by 3-year correlation. The last year tells two different stories: JNJ led by 66.9 percentage points, -13.2% for ABT against +53.7% for JNJ. Across three years, the rolling one-year figure varied moderately, from 0.23 to 0.57.
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 JNJ: side by side
| ABT (Abbott Laboratories) | JNJ (Johnson & Johnson) | |
|---|---|---|
| 1-year return | -13.2% | +53.7% |
| 5-year return | -2.3% | +76.0% |
| Volatility (ann.) | 22.0% | 18.5% |
| Beta vs S&P 500 | 0.16 | 0.05 |
| Max drawdown (3Y) | -39.6% | -14.4% |
| Market cap | $193.1B | $640.5B |
| P/E (trailing) | 37.0 | 30.9 |
| Dividend yield | 2.17% | 1.94% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | ABT | JNJ |
|---|---|---|
| 2022 | -20.7% | +6.0% |
| 2023 | +2.3% | -8.6% |
| 2024 | +4.8% | -4.8% |
| 2025 | +12.9% | +47.5% |
| 2026 | -9.3% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABT and JNJ good diversifiers for each other?
Reasonably. At 0.41, ABT and JNJ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ABT and JNJ?
As of 2026-08-27, the correlation of weekly returns between ABT and JNJ is 0.41 over 3 years, 0.39 over 1 year and 0.41 over 5 years.
Is JNJ a good diversifier for ABT?
Reasonably. At 0.41, ABT and JNJ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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-jnj.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abt-vs-jnj/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABT correlations · JNJ correlations
