ABT vs LH: Correlation
How closely do Abbott Laboratories (ABT) and Labcorp (LH) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABT and LH?
Over the past 3 years, ABT and LH moved with a correlation of 0.40, which is moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 188.0 %².
Among the 29 assets we track against ABT, LH ranks #11 by 3-year correlation. The last year tells two different stories: LH led by 35.0 percentage points, -13.2% for ABT against +21.8% for LH. The rolling one-year correlation moved between 0.21 and 0.61 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 LH: side by side
| ABT (Abbott Laboratories) | LH (Labcorp) | |
|---|---|---|
| 1-year return | -13.2% | +21.8% |
| 5-year return | -2.3% | +36.0% |
| Volatility (ann.) | 22.0% | 21.4% |
| Beta vs S&P 500 | 0.16 | 0.33 |
| Max drawdown (3Y) | -39.6% | -17.4% |
| Market cap | $193.1B | $27.3B |
| P/E (trailing) | 37.0 | 27.8 |
| Dividend yield | 2.17% | 0.86% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | ABT | LH |
|---|---|---|
| 2022 | -20.7% | -24.4% |
| 2023 | +2.3% | +13.8% |
| 2024 | +4.8% | +2.2% |
| 2025 | +12.9% | +10.6% |
| 2026 | -9.3% | +34.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABT and LH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ABT and LH?
The ABT/LH correlation stands at 0.40 on a 3-year window (1 year: 0.48, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is LH a good diversifier for ABT?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 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-lh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abt-vs-lh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ABT correlations · LH correlations
