ABT vs XPON: Correlation
Abbott Laboratories (ABT) and Expion360 Inc. (XPON) 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 XPON?
Across a 3-year window, the weekly returns of ABT and XPON correlate at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.22 over 3. Stretching to 5 years gives -0.10, with an annualized covariance of -689.8 %².
Out of 29 assets tracked against ABT, XPON lands near the bottom at #26. Their recent paths diverged sharply: over the last 12 months ABT outperformed by 46.8 percentage points (-13.2% for ABT against -60.0% for XPON). Risk is not evenly split, since XPON carries 6.5 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 XPON: side by side
| ABT (Abbott Laboratories) | XPON (Expion360 Inc.) | |
|---|---|---|
| 1-year return | -13.2% | -60.0% |
| 5-year return | -2.3% | -99.9% |
| Volatility (ann.) | 22.0% | 144.0% |
| Beta vs S&P 500 | 0.16 | 1.37 |
| Max drawdown (3Y) | -39.6% | -100.0% |
| Market cap | $193.1B | – |
| P/E (trailing) | 37.0 | – |
| Dividend yield | 2.17% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ABT | XPON |
|---|---|---|
| 2022 | -20.7% | – |
| 2023 | +2.3% | +134.3% |
| 2024 | +4.8% | -99.6% |
| 2025 | +12.9% | -71.6% |
| 2026 | -9.3% | -2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABT and XPON good diversifiers for each other?
Yes. With a correlation of -0.22, ABT and XPON have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ABT and XPON?
The ABT/XPON correlation stands at -0.22 on a 3-year window (1 year: -0.24, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is XPON a good diversifier for ABT?
Yes. With a correlation of -0.22, ABT and XPON have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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-xpon.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abt-vs-xpon/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABT correlations · XPON correlations
