ABX vs KVUE: Correlation
How closely do Abacus Global Management, Inc. (ABX) and Kenvue (KVUE) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABX and KVUE?
On 3 years of weekly data the ABX/KVUE correlation comes out at 0.37, moderate. The past 12 months show a tighter link (0.54) than the 3-year average (0.37). The 5-year figure is n/a, and annualized covariance runs at 552.0 %².
Few assets follow ABX as closely as KVUE, which ranks #1 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with ABX ahead by 49.6 points (+46.6% versus -3.0%). Risk is not evenly split, since ABX carries 2.0 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.
ABX vs KVUE: side by side
| ABX (Abacus Global Management, Inc.) | KVUE (Kenvue) | |
|---|---|---|
| 1-year return | +46.6% | -3.0% |
| 5-year return | +3.8% | n/a |
| Volatility (ann.) | 54.5% | 27.3% |
| Beta vs S&P 500 | 0.66 | 0.16 |
| Max drawdown (3Y) | -62.8% | -41.2% |
| Market cap | $1.0B | $36.9B |
| P/E (trailing) | 36.4 | 22.6 |
| Dividend yield | 2.04% | 4.32% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | ABX | KVUE |
|---|---|---|
| 2022 | +2.9% | – |
| 2023 | -4.9% | – |
| 2024 | -18.9% | +3.1% |
| 2025 | +12.6% | -15.9% |
| 2026 | +15.0% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABX and KVUE good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ABX and KVUE?
The ABX/KVUE correlation stands at 0.37 on a 3-year window (1 year: 0.54, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is KVUE a good diversifier for ABX?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 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/abx-vs-kvue.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abx-vs-kvue/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABX correlations · KVUE correlations
