ABT vs PODD: Correlation
How closely do Abbott Laboratories (ABT) and Insulet Corporation (PODD) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABT and PODD?
Across a 3-year window, the weekly returns of ABT and PODD correlate at 0.41, moderate. The link has tightened recently: the 1-year correlation (0.51) runs above the 3-year figure (0.41). Stretching to 5 years gives 0.40, with an annualized covariance of 348.2 %².
By 3-year correlation, PODD places #9 of the 29 assets tracked against ABT. The last year tells two different stories: ABT led by 43.9 percentage points, -13.2% for ABT against -57.1% for PODD. This link changes with the market regime, having swung between 0.07 and 0.61 on a rolling one-year basis. Note the risk asymmetry: PODD runs 1.8 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 PODD: side by side
| ABT (Abbott Laboratories) | PODD (Insulet Corporation) | |
|---|---|---|
| 1-year return | -13.2% | -57.1% |
| 5-year return | -2.3% | -51.6% |
| Volatility (ann.) | 22.0% | 38.9% |
| Beta vs S&P 500 | 0.16 | 0.67 |
| Max drawdown (3Y) | -39.6% | -62.2% |
| Market cap | $193.1B | $9.9B |
| P/E (trailing) | 37.0 | 26.9 |
| Dividend yield | 2.17% | 0.00% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | ABT | PODD |
|---|---|---|
| 2022 | -20.7% | +10.6% |
| 2023 | +2.3% | -26.3% |
| 2024 | +4.8% | +20.3% |
| 2025 | +12.9% | +8.9% |
| 2026 | -9.3% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABT and PODD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ABT and PODD?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.51 over the last year and 0.40 over 5 years.
Is PODD a good diversifier for ABT?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abt-vs-podd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abt-vs-podd/)
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Related comparisons
Hubs: ABT correlations · PODD correlations
