ABT vs SVCO: Correlation
How closely do Abbott Laboratories (ABT) and Silvaco Group, Inc. (SVCO) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABT and SVCO?
Across a 3-year window, the weekly returns of ABT and SVCO correlate at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.39) than the 3-year average (-0.21). Stretching to 5 years gives n/a, with an annualized covariance of -385.6 %².
Among the 29 assets we track against ABT, SVCO ranks #22 by 3-year correlation. The last year tells two different stories: SVCO led by 60.4 percentage points, -13.2% for ABT against +47.2% for SVCO. Risk is not evenly split, since SVCO carries 3.6 times the volatility of the other side.
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 SVCO: side by side
| ABT (Abbott Laboratories) | SVCO (Silvaco Group, Inc.) | |
|---|---|---|
| 1-year return | -13.2% | +47.2% |
| 5-year return | -2.3% | n/a |
| Volatility (ann.) | 22.0% | 80.2% |
| Beta vs S&P 500 | 0.16 | 1.47 |
| Max drawdown (3Y) | -39.6% | -83.8% |
| Market cap | $193.1B | $0.2B |
| P/E (trailing) | 37.0 | – |
| Dividend yield | 2.17% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ABT | SVCO |
|---|---|---|
| 2022 | -20.7% | – |
| 2023 | +2.3% | – |
| 2024 | +4.8% | – |
| 2025 | +12.9% | -49.9% |
| 2026 | -9.3% | +78.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABT and SVCO good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ABT and SVCO?
As of 2026-08-27, the correlation of weekly returns between ABT and SVCO is -0.21 over 3 years, -0.39 over 1 year and n/a over 5 years.
Is SVCO a good diversifier for ABT?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ABT correlations · SVCO correlations
